Is the US congress about to kill Bitcoin? – MacroBusiness

Tether is a controversial[1] cryptocurrency with tokens issued by Tether Limited.[2] It formerly claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies.[3][4] The Bitfinex exchange was accused by the New York Attorney General of using Tether’s funds to cover up $850 million in funds missing since mid-2018.[5][6]
Tether is called a stablecoin because it was originally designed to always be worth $1.00, maintaining…

Click here to view the original article.