NYAG releases documents detailing Tether's exposure to Chinese securities in 2021
Documents provided to the New York Attorney General's office as part of Tether's settlement in 2021 reveal that the company held Chinese securities in the reserves backing its stablecoin USDT at the time, Bloomberg News reported.
Timeline of Tether
Tether Responds to Account Deactivation Controversy - Crypto Daily
According to information released by the New York Attorney General (NYAG), Tether, the issuer of leading stablecoin USDT, reportedly deactivated around 29 accounts tied to significant players in the cryptocurrency sphere in 2021. While reasons for the individual account terminations remain undisclosed, the named entities included MoonPay, BlockFi, CMS Holdings, and Galois Capital.
Tether breaks silence on account deactivation controversy - Cryptopolitan
Tether has responded to concerns raised about its recent operational decisions. The New York Attorney General (NYAG) released documents indicating that Tether deactivated approximately 29 accounts belonging to prominent cryptocurrency players in 2021.
Tether's Depegging Incident Triggers Market Instability - Bitcoinworld
On June 15th, Tether's USDT, a popular stablecoin, experienced a significant detachment from its peg, leading to a cascade of effects throughout the market. Despite various explanations to justify this depegging event, its impact remained consistently impactful, as evidenced by multiple metrics.
A Look at the Reserve Statements That Tether Tried to Conceal - Decrypt
Documents released from the New York Attorney General's investigation into Tether confirmed rumors that it held securities issued by Chinese companies to support its USDT reserves.
Tether Responds to Claims it Blocked Accounts of Major Crypto Firms - Coingape
Tether, the issuer of the recently de-pegged stablecoin USDT has finally responded to some issues arising per its operational decisions. Matters Arising and Tether's Response According to details in the released documents by the New York Attorney General (NYAG), the stablecoin issuer reportedly deactivated up to 29 accounts owned by top crypto players two years
New Tether FUD? World's Largest Stablecoin Held Chinese Securities in Reserves - BeInCrypto
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.
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.
