Tether's Troubles Could Soon Include Antitrust Law
The Commodity Futures Trade Commission (CFTC) recently fined stablecoin issuer Tether $41 million for falsely claiming that each of its USDT tokens was fully backed by U.S. dollars. The agency also fined Tether’s sister company Bitfinex $1.5 million for letting Americans trade USDT and Bitcoin without official permission. The fines were another black eye for Tether, which has been dogged by accusations of financial irregularities, but could also be relatively minor compared to what is coming Tet...