As FTX and Alameda Research go through a financially challenging time, all eyes are on Circle and Tether with concerns about a second Terra UDS (UST) case. Tether CTO made a statement on the subject and denied the allegations.
Wu Blockchain November 9 on social via the mediamany assets Circle to FTX and that Alameda, Tether, biggest issuer He underlined that there are reports of wu, From Circle and Tether between FTX and Alameda explaining business relationships users of this situation whether it poses a risk demanded clarifications.
Tether (USDT) CTO Paolo Ardoino November 9 official social media via account In his statement on the subject, Tether’s FTX and Alameda sourced not exposed to any risk expressed. The CTO, who stated that Alameda had exported and used USDT at one time in the past, did not have any indications in the reserves. no credit risk and underlined that Tether was printed on market demand.
in the past months Terra’s (LUNA) the crisis that started with the fall many companies and assets After the jump, investors were skeptical of FTX and Alameda’s situation. watching anxiously.
On the other hand, according to Coinecko data USDT in a day to 4% arriving depreciation lost its stability. USDT at the time of writing 0.96 traded in dollars.