Saga: The stable coin aiming to be a digital fractional reserve currency
Alongside doubts that the USD-pegged crypto isn’t actually backed by the physical fiat it purports to hold in reserve, over the years Tether has been plagued by banking, transaction and withdrawal problems. Even the US Commodity Futures Trading Commission has subpoenaed both Tether and Bitfinex (which share the same chief operators Phil Potter and Giancarlo…