FalconX says exposure to FTX represented 18% of its 'unencumbered cash equivalents'
According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.”
Search by tag: equivalents
Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents
Tether's general counsel told the New York Supreme Court that it can only back about 74% of USDT in circulation as...
Tether Lawyer Claims Stablecoin Now 74 Percent Backed by Cash and Equivalents
Tether's general counsel acknowledges that USDT is only 74% backed by cash and equivalents in a new affidavit.
