New Tether FUD? World's Largest Stablecoin Held Chinese Securities in Reserves
Documents released by New York's attorney general reveal that Tether Holdings Ltd., the issuer of the world's largest stablecoin, USDT, used to include securities issued by Chinese companies in its reserve portfolio.
Timeline of Tether
Tether responds to reports on Chinese securities backing USDT reserves - Cryptopolitan
Stablecoin issuer Tether has published a detailed response to reports that its reserves once included securities issued by Chinese state-owned companies. Media outlets, including Bloomberg, highlighted New York's Attorney General (NYAG) documents revealing that Chinese securities backed Tether's USDT stablecoin.
Tether's Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents - Coindesk
Tether's banking relationships were detailed in a rare but limited window into the reserves behind USDT, the crypto market's largest stablecoin, in documents obtained by CoinDesk under a Freedom of Information Law request.
Documents reveal USDT was once backed by Chinese securities - Finbold
Over the years, Tether (USDT) and other stablecoin issuers, have faced persistent scrutiny and criticism for their lack of transparency regarding the nature of assets backing their digital currencies.
Chinese Securities Once Backed the World's Largest Stablecoin USDT: Bloomberg - Coingape
Bloomberg reported that New York's Attorney General has released documents revealing that Tether Holdings Ltd., the issuer of the world's largest stablecoin, USDT, once held securities issued by Chinese companies as part of its reserves.
Enormous $1.25 Billion USDT Swap Will Be Performed by Binance Today - UToday
The biggest exchange on the cryptocurrency market, Binance, has announced a substantial swap operation with the Tether team, involving a direct exchange of 1.25 billion USDT-TRX for USDT-ETH. This move, set to occur after 9:30 a.m.
Tether CTO calls USDT depeg ‘good stress test' for company - CryptoSlate
Paulo Ardoino said the Tether “attack” was a good stress test but is now “dying off.” Tether (USDT) moved from a low of $0.99579 on June 15, reaching a local top of $0.99976 later in the day – recovering its de-pegged position.
FUD Alert: Tether (USDT) Depegging Signals the Beginning of Uncertainty - CoinPedia
Recent developments surrounding Tether (USDT), the popular stablecoin, have sparked a growing wave of fear, uncertainty, and doubt (FUD) in the cryptocurrency community. As, the industry's largest stablecoin with an $83 billion market cap, has depegged and experienced a decline to $0.9991.
Tether stops fighting freedom of information request, allows disclosure of reserve data - CryptoSlate
Stablecoin firm Tether said on June 15 that it has released reserve data after ending a legal fight to keep that information private. Tether drops fight against CoinDesk Tether said that it previously reported certain data to the New York Attorney General's Office (NYAG) as part of its settlement obligations in 2021.
USDT Depeg Was a Planned Attack on Tether, Says CTO Paolo Ardoino - BeInCrypto
It was a day of high drama in the cryptocurrency market, with Tether's USDT slightly deviating from its United States dollar peg. Interestignly, coinciding with a significant release of information by the New York Attorney General's Office to CoinDesk.
Tether Calls Out CoinDesk Not To Disclose Any Information Amidst USDT Attack - Coincu
CoinDesk reported an attack on USDT via DeFi and CEX on the same day the documents were released. Tether has requested that CoinDesk not disclose any information about their past or current customers.
