The shortage of liquidity in Chinese real estate companies began to raise doubts about Chinese financing bills. Stablecoin issuer Tether has announced that it does not hold Chinese financing bills in its treasury.
heavily indebted in past years Chinese inability to pay the debts of real estate companies by default collapsing together Chinese debt market by investors recently. seen as risky. For this reason, it is the largest stablecoin issuer in the market. treasure is questioned.
Tether this against speculation from their official website July 27 in his statement on the wrong information the spread of great for the market threatening that only the reputation of the industry by shaking a situation that not only causes concern to every member of the community, but potential danger They said that the speculators should keep this in mind, and that the speculators were wrong they expressed.
According to the blog post, Chinese fiat bonds in Tether’s treasury not available also total financial bond risk by the end of August 2022 200 million more dollars drop plan with 3.7 billion dollars dropped. Tether, in November 2022 share of debt instruments in its treasury. 0It will download to .