The Commodity Futures Trading Commission said it charged Tether Holdings Limited with making untrue or misleading statements and omissions in relation to its claims. Specifically, the U.S. regulator found that since launching the token in 2014, Tether Holdings represented that it was a “stablecoin” with its value pegged to fiat currency, including U.S. dollars and euros.
A stablecoin is a digital currency backed by real-world assets such as national currencies or other commodities. Unlike Bitcoin and other cryptocurrencies, stablecoins are designed to not fluctuate wildly in value.
This story is from the Techlife News #521 edition of Techlife News.
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This story is from the Techlife News #521 edition of Techlife News.
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