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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.