Tether Mints $250 Mln of New USDT Tokens, Rekindles Controversy By Cointelegraph


Tether Mints $250 Mln of New USDT Tokens, Rekindles Controversy

The controversial stablecoin Tether generated $250 million worth of new USDT tokens on May 18, according to Omni Explorer.

Tether is the company that issues the so-called stablecoins USDT, which it claims are backed at 1:1 ratio by US dollars. Tether has been criticized for its lack of transparency after it broke ties with auditing firm Friedman LLP before an official audit could be conducted.

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