Tether is a cryptocurrency that represents real currencies in a Blockchain market, it's like USD of Blockchain. Word's every exchange you can see that they have pair with USDT for every cryptocurrency (mostly in every exchange). But recently there were news that the Tether organization have no real money equivalent to support their total supply in the market. Which is very shocking news because when market going to down or bearish situation come, everyone convert their cryptocurrencies to USDT, as it's safe and with this way they don't have to worry about lose & once market in dip or going to recover they can convert their USDT to BTC or ALTs. So after the news everyone was loosing faith in USDT & the main reason was that there was no proof of any real money when this news came.

In this situation TUSDT came in market, like it's name it was True USDT - means they have back up of real money they have proof and all. Because of USDT news, TUSDT got the advantage and it went more than $1 (from the November 2015 to till now USDT is $1 - as it ment to be the same)). So everyone was looking for USDT news when they clarify and what actual thing is, because USDT's total supply is 2,830,109,502 USDT & circulating supply is 2,607,140,346 USDT. So there is huge amount of investment is USDT.

But Tether released a transparency update on June 20th that says a law firm has confirmed, as of June 1st, the company’s “unencumbered assets exceed the balance of fully-backed USD Tethers.”

As one of reason of behind this news was that inspection firstly done without giving any notice to the Tether and also according to FSS their financial review was not conducted with Generally Accepted Auditing Standards because they are not an accounting firm.

Also tether released "Transparency update" on their official site for general public.You can download from here:https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdf.

Also additional investigation will be done from the law firms and also Tether organization said they will do everything to clear any doubts.

So for now there is no need to worry about, enjoy trading in crypto. Feel free to invest in USDT, in case if you guys have any doubt on Tether then TUSDT always there.But TUSDT's total supply is very low compare to USDT.

Tether (USDT)

According to Coinmarketcap

What Tether Organization says about Tether ?

TrueUSD (TUSD)

According to Coinmarketcap

What TUSDT Organization says about TUSDT ?

Happy Trading Guys.Have faith in Blockchain and Crypto :)