The U.S. Southern District Court of New York dismissed a class-action lawsuit against Tether and Bitfinex, the stablecoin issuer said.
The U.S. Southern District Court of New York has dismissed a class-action lawsuit against Tether and Bitfinex, the stablecoin issuer said on Friday.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.U.S.
Anderson's and Dolifka's complaint centered around allegations that Tether's statements regarding its stablecoin, USDT, being backed one-to-one by the U.S. dollar were false. "The entirety of the class action complaint being dismissed at this very early stage of the proceedings punctuate the fact that plaintiffs’ claims were void of any legal merit," the stablecoin issuerTether and Bitfinex CTO Paolo Ardoino also shared the news on X , reiterating the companies' stance and
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