Tether will need to prove its backing in USDT

La empresa parece haber manipulado al activo digital usdt para poder incrementar el precio del bitcoin, según una demanda colectiva en Estados Unidos

A court in the United States asked the company that owns the stable currency Tether to provide documents that demonstrate the backing in dollars of the digital asset USDT.

New York Southern District Court Judge Katherine Polk Failla issued an order following the proceedings of a class action case alleging that Tether and Biftfinex used the USDT coin to manipulate the cryptocurrency market.

As part of the court’s mandate, companies will be required to submit “ledgers, balance sheets, income statements, cash flow statements, and profit and loss statements” that demonstrate 1:1 backing of their stablecoin.

The judge also asked Tether to provide details about its cryptocurrency accounts on exchanges, including Bitfinex, Poloniex, and Bittrex.

The lawsuit comes from five digital currency dealers, who in 2019 began the legal process that establishes that there was an attempt to boost the price of Bitcoin through a large purchase of USDT that was not supported.

K. Tovar

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Source: Diariobitcoin

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