Over 3 billion Tethers have now been issued, twitter responds

25 May, 2019
by David Borman
Over 3 billion Tethers have now been issued, twitter responds

Tether recently hit the milestone of issuing its 3 billionth token, which many supporters are celebrating. Others feel it is a bit early to celebrate considering the recent controversy concerning the asset no longer being 100% fiat backed.

Users looking to verify this can see it on Tether's "transparency" page:

However, on twitter, not everyone felt this was such a joyous cause for celebration:

In the wake of the recent revelation that Tether is not 100% backed by fiat, but rather by a combination of fiat and debt and other assets, some users don't seem to feel that the stablecoin is as trustworthy as it used to be.

Will more people warm back up to Tether, or is it irresponsible for the company to keep issuing tokens? Stick with Chepicap for all updates!

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