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[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
[S]
0.54
[M]
0.62
[I]
N/A
[D]
0.30
[G]
0.29
[E]
N/A
[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.

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Bluechip is a 501(c)(6) nonprofit organization

Bluechip 2023 © All rights reserved

design & code by Fuchsfabrik
Disclaimer

You assume the entire risk of any use you make from the information made available on the Bluechip Website (the “Website”). Although this information is based on information Bluechip considers reliable, Bluechip does not represent it as accurate or complete, and it should not be relied on as such. This information is provided for general informational purposes only, and is subject to change at any time without prior notice. Your use of the Website and any information made available on it is conditioned on your agreement to the Bluechip Privacy Policy and User Agreement. Team members have no financial interest in any stablecoin, except personal assets that may be directly held as stablecoins.