On the recordDecember 13, 2021
If Tether's tokens were actually backed one to one it would be one of the 50 largest banks in the country, but we know that it is not.
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congress.govElizabeth Warren: “If Tether's tokens were actually backed one to one it would be one of the 50 largest banks in the country, but we know…”
Editor's note · Context
Warren highlights the lack of backing for Tether's stablecoins compared to traditional banks.
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