Tether, the company behind the world's most popular stablecoin, is doing its best to assure us that it is legitimate—and nobody is using tethers for any kind of funny business.
Tether launched a gold-backed cryptocurrency, tether gold (XAUT), that can be redeemed for one fine troy ounce of gold stored in a secure Swiss vault—assuming you can redeem 430 tokens currently worth about $670,000 at once.
Visitors to Pornhub, which boasted 42 billion visits in 2019, can now pay live webcam models with tether via the Tron wallet, the site announced yesterday. The move follows PayPal’s announcement in November that it would stop supporting payments for the hugely popular pornographic website.
The lawsuits against iFinex, which owns the two companies, seeks $1.4 trillion in damages over alleged market manipulations that led to the crypto winter of 2018.