Analysis of information sources in references of the Wikipedia article "Tether (cryptocurrency)" in English language version.
The Mastercoin protocol was proposed in, "The Second Bitcoin White Paper" published in January 2012 by software engineer J.R. Willett. ... In 2013 Willet set about gaining funding for the Mastercoin Project ... Eventually, Mastercoin evolved into the Mastercoin Foundation, which in turn transformed into the Omni Foundation with a rebranding in March 2015.
Tether, the cryptocurrency stablecoin that says it's backed one-for-one by fiat currencies, released a reserves breakdown for the first time that showed a large portion in unspecified commercial paper. The company has faced questions over its reserves and whether they were used to manipulate cryptocurrency prices. In February, Tether settled a legal dispute with the New York Attorney General's Office and paid a fine of $18.5 million.
There isn't hard evidence the cash supporting it exists(subscription required)
Tether, the cryptocurrency stablecoin that says it's backed one-for-one by fiat currencies, released a reserves breakdown for the first time that showed a large portion in unspecified commercial paper. The company has faced questions over its reserves and whether they were used to manipulate cryptocurrency prices. In February, Tether settled a legal dispute with the New York Attorney General's Office and paid a fine of $18.5 million.
There isn't hard evidence the cash supporting it exists(subscription required)