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.
Source
congress.govEditor's note · Context
Warren highlights the lack of backing for Tether's stablecoins compared to traditional banks.
Share
More from Elizabeth Warren
Jul 17, 2026
The gaps in these new disclosure documents reveal the urgent need for this legislation.
Jul 17, 2026
Nine million people who are in default right now and whose financial lives will be in your hands, and you don’t even know who they are.
Jul 24, 2026
I believe that tariffs can be used strategically quite valuably, but what the Trump administration is doing is picking the pockets of American consumers.
Jul 24, 2026
The federal government unfairly excluded tribal nations from accessing emergency health grants during COVID-19, leaving communities high and dry and breaking our country’s promise to Tribes. We can’t wait for the next public health…
Other voices in this conversation
