TETHER ON FOIL AND CONTINUED COMMITMENT TO TRANSPARENCY

Summary from the TLDR Crypto newsletter

Tether, the company behind USDT, has fulfilled its obligation to the New York Attorney General’s Office by reporting about its reserves quarterly for two years, as per their 2021 settlement agreement. CoinDesk made a request for public disclosure of these materials and Tether chose to hand them over this week. Around the time these documents were handed off, there was an attack on the USDT CRV pool causing rumors and concerns to start flying about USDT and its solvency. In this blog post, Tether claims there is no reason for concern and questions the coincidental timing of these two events.