Currently, Tether has $69 billion worth of USDT under circulation. The company has claimed that it has an equivalent USD backing the stablecoins in circulation. Bloomberg journalist Zeke Faux, however, alleged that Tether and its CFO Giancarlo Devasini has used the company’s reserves to make investments. This seems to contradict Tether’s public position that its holdings are fully backed at all times. Stablecoin issuer Tether has been once again in controversy facing fresh allegations. A report from Bloomberg BusinessWeek has questioned some of the company’s alleged investments. Tether’s lawyers also denied commenting on this matter. However, added that Tether has…