🎉Victory for Tether & Bitfinex!🎉 A class-action lawsuit challenging USDT stablecoin's backing was dismissed by the U.S. District Court for the Southern District of New York. The court found the plaintiffs' allegations meritless due to lack of evidence showing USDT's value had diminished.👩‍⚖️

The plaintiffs couldn't demonstrate any significant price fluctuations in USDT that could've impacted their investment's value, leading to the lawsuit's dismissal.📉

Tether's legal win comes amid a profitable Q2, reporting a net profit of $850 million!💰 This ruling could mark a new chapter for Tether & Bitfinex, paving the way for continued growth in the crypto industry.🚀