Proof of Reserves of USDT

Modified on Sat, 18 Feb, 2023 at 5:31 PM

In 1945, Federal Reserves backed their USD with gold. Similarly, Tether Limited tried to copy the system and informed the cryptocurrency community that all their USDT tokens in circulation are supported by USD.  In order to prove, Tether Limited shows their bank balance for the total amount of USD and EUR they have in reserve on their company's website which everyone can check the USDT bank balance at


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