Tether steps up caution by releasing new USDT backing plan

The LUNA death fall has caused a ripple effect in the stablecoin space. Tether, which owns USDT, the world’s biggest stablecoin, has released a new report confirming new updates to its reserve. USDT will now be partially backed by non-US government bonds. To be precise, Tether is investing $286 million in these bonds, which will ensure diversification of the USDT reserve.