EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Tether Dismisses Allegations of Inadequate Stablecoin Reserve

Admin by Admin
August 30, 2022
in Crypto News
0
Tether Partners With Bahamas-Based Britannia Bank

Tether transfer USDT to Binance

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Event Event

The Tether company, the issuer of the largest stablecoin, USDT, has responded to claims that the stablecoin is not adequately backed by reserves.

This was coming after a Wall Street Journal article said there were doubts about the company’s reserves. A recent article in the publication said there was a long pending demand for the company’s audited information.

The Wall Street Journal article indicated that crypto firms are not quite transparent when it comes to their financial statements. It added that there are no set accounting standards for digital assets even if companies perform audits. Reacting to this claim, Tether said it will provide full transparency about the principle of International Financial Reporting Standards.

The company said it has been making transparent disclosures as it works towards an audit. It refuted the publication’s claims that its business is not profitable. The management also reiterated that it was able to easily redeem over $16 billion of the issued token in recent months.

The Tether company has been labeled controversial in time past. Tether’s claim of being supported by $1 has been refuted following a report which shows that 2.9% of USDT is supported by fiat money.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Reddit’s Co-Founder Launches $177M Crypto Fund

Next Post

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

Admin

Admin

Next Post
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Axie Infinity price

Axie Infinity Price Eyes 25% Gains Ahead of the Token Unlock

April 21, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance Refocuses Efforts For Belgian Clients

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

October 2, 2023
While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

October 2, 2023
HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

October 2, 2023
Russian Actor Loses Over $250k To Crypto Scam

Russian Actor Loses Over $250k To Crypto Scam

October 2, 2023

Recent News

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

October 2, 2023
While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

October 2, 2023
HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

HTX (Ex-Huobi) Hacked; Justin Sun Assures Fund Safety

October 2, 2023
Russian Actor Loses Over $250k To Crypto Scam

Russian Actor Loses Over $250k To Crypto Scam

October 2, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

Ethereum Retail Traders On The Run As ETH Price Struggles At $1.6K

October 2, 2023
While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

While Bitcoin And Ethereum See Outflows, XRP And Solana Experience Inflows

October 2, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>