Confidence in the leading stablecoin seems to have returned, despite Tether and Bitfinex still being embroiled in two ongoing court proceedings — one of which relates to an $850 million cash loan made by Tether to Bitfinex, secured against Bitfinex stock.
But with United States banks now allowed to issue loans with zero reserve, were the shares actually a better option?
Tether backed by cash (and Bitfinex stock)In April 2019 the Office of the New York Attorney General announced an ongoing investigation into Tether and Bitfinex.
It was alleged that Tether had given Bitfinex an $850 million cash loan to plug a hole in its finances.
So with an endless amount of dollars backed by nothing becoming available, is it possible that the Bitfinex stock could actually turn out to be the stronger asset?

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