New Move From Tether (USDT) Towards FUD Wave! “We Will Zero Down”

Cryptocurrency While the dark clouds on the stock exchanges had not yet dissipated, a statement came from Tether.

In the past, Tether was the first thing that came to mind when FUD was mentioned. There is a belief among investors that Tether will explode one day, although it has waned a bit. However, in recent days, FUD Tether on the stock markets has been overshadowed.

Knowing that it will be his turn in the FUD wave, Tether announced that he will make an important move before it is his turn.

As you know, secured loans in Tether reserves were seen as part of a big risk. Tether has announced that it will reduce the secured loans in its reserves to zero throughout 2023.

Here are the headlines from Tether’s explanations:

“Tether has proven its resilience through eight turbulent years in the industry.

Unlike countless parties that went bankrupt and faced the risks of bankruptcy due to poor risk management, Tether put transparency, accountability and operational excellence first and foremost.

After the events of this year, the company recognizes that regaining confidence in the market is a critical task.

Tether is announcing today that in addition to rejecting the last Tether FUD cycle, it will reduce the secured loans in Tether’s reserves to zero starting now through 2023.

Whatever Tether FUD skeptics and journalists do to us, we will continue to focus on emerging markets, financial freedom, and show our deep interest in our community, which has made us the most trusted (and most used) stablecoin by people around the world.”