A report by WSJ revealed that 86% of Tether was controlled by four people as of 2018. The USDT issuer has disclosed very little about its operations and ownership structure. A new report by the Wall Street Journal brought to light some interesting facts and numbers related to the issuer of the world’s largest stablecoin. […]
A report by WSJ revealed that 86% of Tether was controlled by four people as of 2018.A new report by the
Tether’s popularity played a significant role in easing the concerns of investors during the numerous controversies that the USDT issuer has faced over the past few years. The documents revealed Tether’s ownership structure to some extent, providing an insight into the founders of the company. As per the report, as of 2018, 86% of Tether was controlled by four people. Devasisni’s stake accounted for a whopping 43% of the firm.
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