Back
[EURT]
Euro Tether
Governance
0.29/1
High Risk
[S]
[M]
[I]
[D]
[G]
[E]
0.54
0.62
0.00
0.30
0.29
0.00
[EURT]
Euro Tether
Governance
0.29/1
High Risk
Holder Protection
0.25 / 1
Periodic Reserves Attestations
0.75 / 1
Financial Audits
0 / 1
Redemption Policy
0 / 1
5.1Holder Protection
0.25/1

For holders of fiat-backed stablecoins, the best form of protection is the issuer being regulated as a stablecoin issuer. The next best option is being regulated as a financial institution. Tether meets neither of these criteria. Tether and its management personnel have claimed that Tether is a regulated entity but this claim arises from Tether’s registration with FinCen as a ‘money service business’ (MSB). 

As per FinCen, “The inclusion of a business on the MSB Registrant Search Web page is not a recommendation, certification of legitimacy, or endorsement of the business by any government agency”.

In the event of Tether going bankrupt, EURT holders' assets are not bankruptcy-remote.