"The Bitfinex general counsel Stuart Hoegner says at the start of the litigation with the AG, 74% of USDT was backed with cash and cash equivalents on hand. On the other hand, the remaining 26% was in the form of a $550 million loan to the company." USDT

"The Bitfinex general counsel Stuart Hoegner says at the start of the litigation with the AG, 74% of USDT was backed with cash and cash equivalents on hand. On the other hand, the remaining 26% was in the form of a $550 million loan to the company." USDT
BTCTN - 1/13/2021 8:46:11 PM - GMT (+0 )

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