Tether Under Fire: New Allegations Surface Over Reserves and Decentralization

Tether, a leading cryptocurrency stablecoin pegged 1:1 to the US dollar with a market value exceeding $150 billion, is facing new scrutiny following allegations regarding its reserve practices. Social media platform X (formerly Twitter) saw a post from analyst Deso raising concerns about Tether’s backing, suggesting the company might rely on borrowed finances rather than actual cash reserves. This revelation has cast doubt on Tether’s stability and raised questions about its long-term viability within the cryptocurrency market.