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Tether Confirms Alameda’s Fall Doesn’t Affect USDT on Solana Chain


Tether explained that Alameda Research’s involvement in Solana is not an impact on the fundamental dynamics how USDT works. USDT issuance, as the token, only represents a claim to $1 in reserves and collateral. Tether, the holder of the USDT stablecoin issued a statement on November 17 stating that Alameda is not one of the cryptocurrencies.



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