There Is a New Insurance Product Just in Case Tether (USDT) Goes Bust

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Opium is introducing credit default swaps (CDS) against the world’s largest stablecoin, USDT, casting doubt on Tether Limited’s solvency according to a CoinDesk report on Sep 3.  Opium CDS aga inst USDT as a Hedge The product will rely on Ethereum smart contracts, insuring holders just in case USDT’s issuing company folds and fails to fulfill its obligations

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