The Southern District of New York (SDNY) court has dismissed a lawsuit aimed at stablecoin issuer Tether and its affiliated company Bitfinex. The lawsuit, filed by Matthew Anderson and Shawn Dolifka, was centered around allegations that Tether’s stablecoin USDT was not backed one-to-one with US dollars, contrary to the firm’s assertions. According to Tether, Chief The post US Court Dismisses Class Action Lawsuit Against Bitfinex and Tether appeared first on The Daily Hodl .