Tether (USDT) is the leading cryptocurrency stablecoin pegged to the U.S. dollar and backed “100% by Tether’s reserves." The quality of its reserves has been a hot topic in the crypto scene over years. An investigation by Dirty Bubble Media delves into Tether’s secured loans operations, questioning the quality of their reserves. It should be noted that Dirty Bubble Media has always been one of the fiercest critics of Tether and therefore the analysis must be taken with a pinch of salt.