Tether cryptocurrency whose token is USDT, tethers every USDT for one dollar of a reserve. And preferably in a 1:1 ratio of USDT to USD. Suspicion is growing because it has printed a total of $700 mln USD worth of USDT in January so far.
Some are claiming that with this high amount of money in circulation; it is possible that Tether does not have any backing of a dollar for every USDT as declared.
For instance, a prominent claim by Stock Emperor is that the amount releasing in circulation this month exceeds the total amount of money printed by US government which is around USD 540 million.
Click here to read more: USD backing reserves
