Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves. The new text states that while its stablecoin is 100 percent backed, its reserves may at times include other assets. The website reads: Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”). However, Tether’s previous terms, as seen on the Internet Archive ... (full story)