Cryptocurrency one of the most important actors of the US mainstream media, which makes striking news about the Wall Street Journal in yesterday’s news TetherHe targeted.
The WSJ has warned of risk against Tether in its news.
The biggest stablecoin Tether (USDT) Claiming that the company behind it is increasingly lending to its customers instead of selling its own coins for cash, WSJ stated that these loans increase the risks that the company may not have enough liquid assets to pay in the event of a crisis.
The WSJ claimed in its report that it reviewed Tether’s financial reports proving these loans.
Tether company, which responded to the WSJ’s news with a harsh language, “WSJ & CO: The Hypocrisy of Mainstream Media Fits in the Wheel of Information” He published a blog post titled
The WSJ described the news as hypocrisy. Tether The company stated that Tether has always been a popular target to date.
“Despite the heavy focus of skeptics and critics on the industry, it’s surprising that real bad actors and scams have escaped their radar.
Tether has been a popular target for years for these skeptics, journalists, and even mainstream media outlets.
Given all this, the fair question to ask is:
How many of Tether’s established critics have warned about FTX, Alameda, BlockFi, Genesis, Celsius, 3AC or Terra?
Did the individuals and organizations focused on rooting out bad actors and protecting investors at least research these assets with the energy they put into scanning every detail of Tether’s operations?
The answer to that question is, disappointingly, no.”
Who does not deny in his statement that secured loans are real TetherWSJ “Tether’s USDT loans are denominated in USDT, resulting in a decline in the company’s stablecoin value.” He responded to his allegations as follows:
“WSJ completely misses the mark here. Because he thinks USDT is the collateral that supports him.
Tether’s secured loans are heavily collateralized and even backed by Tether’s additional equity if needed.”
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