Tether faces yet another lawsuit, this time for ‘unlawful and deceptive’ practices
ambcrypto.comQuestions around stablecoins, particularly Tether, have been knocking around in financial circles for months, for instance, are they as stable as they ought to be? A majority haveraised questions about Tether as a possible systemic risk to the cryptocurrency ecosystem.
On 9 August, Tether put out an attestation about its reserves, as a way of reassuring users that the most popular stablecoin is, well, stable. Was that reassuring? Apparently, not enough. Thereafter, a series of controversies have gripped Tether’s executives. Here’s the latest development in that story.
Tether has been hit with a new class-action lawsuit. Plaintiffs Matthew Anderson and Shawn Dolifka filed a lawsuit in the United States District Court for the Southern District
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