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We are at the "Tether had to disclose it's holdings and it is effectively insolvent" stage. "The new composition report is part of Tether’s efforts to stay in
by overtonwhy 5y ago
We are at the "Tether had to disclose it's holdings and it is effectively insolvent" stage.
"The new composition report is part of Tether’s efforts to stay in compliance with a settlement agreed to with the New York Attorney General’s office (NYAG) after the prosecutor investigated it and its sister crypto exchange Bitfinex over the cover-up of some $800 million in losses."
https://www.google.com/amp/s/www.coindesk.com/tether-first-reserve-composition-report-usdt%3famp=1 https://www.google.com/amp/s/www.coindesk.com/tether-first-r...