Tether Investigation Documents Revealed! China Detail Attracted Attention in Reserves!

again lately Tether We’re dealing with FUD. Despite the many bankruptcies in 2022, Tether’s survival increases the confidence in it, but the speculations continue.

Bloomberg recently reported that Tether’s claimed that some of its reserves were backed by securities belonging to Chinese banks.

Documents shared by the New York Attorney General’s Office were cited as the source in the news. According to these documents, China Construction Bank Corp. in Tether reserves. and Agricultural Bank of China Ltd. There were securities issued by companies such as (Agricultural Bank of China).

There was a rumor that Tether was backed by Chinese securities. It was even claimed that Tether held the commercial papers of this company during the collapse of the Chinese real estate giant Evergrande, but this claim was denied by Tether.

Tether announced in July 2022 that it does not hold any Chinese securities. However, he did not provide information about whether he had them in the previous process.

Documents that are subject to the news of Bloomberg, which resulted in a deal of 18.5 million dollars in 2021 Tether It was shared as part of the investigation and under the information law.