Crypto BasicsWhat is Tether (USDT)?USDT is issued by Tether Limited. The peg is a promise about reserves, not a law of the chain. The company can freeze an address. Sending the Ethereum token to a Tron address strands it.EasyCryptoGuides · 12 Apr 2020 · 3 min read
RegulationNew York’s Tether order is about a balance sheet, not a peg algorithmAbout $850 million stuck at Crypto Capital, then a line of credit on Tether’s cash, the filing says. A dollar token is a company IOU plus whatever sits behind it.EasyCryptoGuides · 25 Apr 2019, 16:00 UTC · 1 min read