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Cryptopolitan 2023-06-16 16:25:53

Tether responds to reports on Chinese securities backing USDT reserves

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. In its response, Tether stated that the information presented by the media outlets needed to ... Read more

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