Bitmex: Tether Probably Solvent, Fully Backed

Bitmex has issued a detailed report on Tether, the centralized cryptocurrency said to be backed by US dollars. Though there has yet to be a conclusive audit of the company which backs the tokens, Bitmex thinks they probably are fully backed and that the company’s bank account may be located in Puerto Rico. The Tether company has the same owners as the Bitfinex exchange, and has come under fire due to its lack of transparency.