USDT issuer Tether made statements about important documents about the company submitted to CoinDesk by the New York Attorney General’s Office.
According to the statement made by Tether, the company’s quarterly reports to the New York Attorney General until 2021 and documents on its quarterly reports and the contract with the New York Attorney General in 2021. details of the deal Submitted to CoinDesk.
CoinDesk, Freedom of Information Act (FOIL) and requested that the documents in question be shared. Although Tether initially objected to this request, the objection was soon withdrawn and the documents were eventually shared with CoinDesk.
New York Attorney General, February of 2021 to Tether company in stop serving New York customers ordered and $18.5 million had been fined. In addition, as part of the investigation in 2021, Tether sometimes lacks banking access and USDT is always 1:1 cash ratio was found to be unsupported.
Doubtful it happened the same day.
Tether provides information on past and current customers of Coindesk not to disclose called. However, those documents is out of date Stating that, the company stated that the basic structure of stablecoin supports over the past fully reinforced stressed.
Claiming that CoinDeski is still examining the aforementioned documents, Tether announced a possible On alert for FUD news reminded that they are:
While CoinDesk is still reviewing the information provided, we are monitoring the USD markets and will monitor whether the content will be for FUD purposes when they decide to publish anything on the subject. Despite all these risks, the published information, if properly read and interpreted, only publicly reveals the legitimacy of Tether’s business and the existence of reserves.
Tether, on the other hand, is based on decentralized finance (DeFi) platforms and centralized exchanges (CEX) on USDT. after heavy sales It must be the same day as the documents implied to CoinDesk suspicious Said they found it.
Tether’s stablecoin USDT heavily on DeFi platform Curve subjected to sale And short time dollar had lost its stability.