Tether to Pay $41 Million for Alleged Misleading Claims That Its Crypto Token Was Fully Backed by US Dollars Reserve

Tether has agreed to pay $41 million (roughly Rs. 307.2 crores) to settle charges levied by US Commodity Futures Trading Commission (CFTC) that says it mislead consumers by claiming that its crypto token was fully backed by US dollars reserve at all times.

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