Allegations raised by the New York Attorney General's office surrounding digital coin Tether haven't had much effect on trading
A pillar of the young cryptocurrency market is wobbling following allegations from the New York Attorney General’s office that the dollar reserves backing popular digital coin tether have been compromised. Investors don’t seem too concerned.
Tether was recently trading at around 99 cents, close to parity with the U.S. dollar, according to CoinMarketCap. Prices dipped to 97 cents on Thursday after the New York Attorney General said the cryptocurrency exchange that controls Tether Ltd. used the reserves to cover up $850 million...
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