Tether management responded to some of the allegations that appeared in the Wall Street Journal earlier this week.
Tether’s reserve was audited last week by BDO Italia, the Italian arm of global accounting firm BDO Global.
In a news shared in the Wall Street Journal earlier this week, the assets in Tether’s reserve even if it loses only 0.3%, the company may be on the verge of bankruptcy was put forward.
According to the audit report shared by Tether, the company 67.5 billion dollars in total liability, in total 67.7 billion dollars has existence.
Responding to the allegations in the Wall Street Journal, Tether management both Investing in US Treasuries is not a safe strategy. objecting to his comment, stating that only Tether was targeted and not other stablecoin producers, and added that Tether’s “to damage your reputation” stressed that he was working on it.
The Tether team has also had a total over the past few months. They also exchanged 16 billion USDT for USD without any problems. in Tether’s reserve that the share of financing bills has decreased significantly drew attention.