Lack of Transparency to Blame for Tether’s Loss of USD Peg: Novogratz

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Five days since losing its U.S. dollar peg, fiat-backed cryptocurrency tether (USDT) continues to trade at a discount to its supposed $1.00 valuation.

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Defenders have largely chalked up the markdown to FUD, arguing that supporters of other “stablecoins” are launching a coordinated…

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