News Explorer — Tether's USDT Reserves Included Chinese and Foreign Securities

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Jun 16, 9:17 pm

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Tether's USDT Reserves Included Chinese and Foreign Securities

Documents obtained from the New York Attorney General's Office revealed that the reserves backing USDT, a U.S. dollar-pegged stablecoin issued by Tether, once included assets belonging to Chinese companies. Tether also held securities issued by other foreign businesses, such as Deutsche Bank and Barclays Bank, to support its reserves.

Documents obtained from the New York Attorney General's Office revealed that the reserves backing USDT, a U.S. dollar-pegged stablecoin issued by Tether, once included assets belonging to Chinese companies. Tether also held securities issued by other foreign businesses, such as Deutsche Bank and Barclays Bank, to support its reserves.

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