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Court Orders Tether USDT To Prove Its Backing (Usethebitcoin)

Tether has been ordered by New York Judge Katherine Polk Failla, to come forward with documents proving their Tether USDT backing. The lawsuit claims this unbacked cryptocurrency was used for price manipulation in Bitcoin (BTC) currently valued at $370 billion according to the Coinmarketcap data which caused no less than $1.4 trillion damage to crypto markets as well.

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