Recently, we are facing the Tether FUD again. Despite the many bankruptcies in 2022, Tether's survival increases the confidence in it, but the speculations continue.
Bloomberg recently claimed that some of Tether's reserves are 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.
The documents, reported by Bloomberg, were shared as part of the Tether investigation, which resulted in a $18.5 million deal in 2021, and within the scope of the information law.
