New Statement from Tether!

Tether announced that since its agreement with the New York Attorney General’s Office, it has completed its quarterly reporting obligations.

The company stated in the post on its official website that they continue to adhere to transparency and above all, they attach importance to the privacy and security of their customers. In the post, which includes all the details of the documents shared with NYAG, the loss of USDT’s stability in the dollar and the subsequent developments, as well as the allegations that USDT is supported by Chinese securities, were also mentioned.

The Company Also Responded To Comments On Its Relationship With China

In the post, it was stated that while it was accepted that Tether had a relationship with Chinese commercial securities before, it was limited to the banking sector.

The statement said: “It is worth noting that Tether reduced its trading paper holdings to zero last year. Tether has not lost a penny on any commercial paper, including Chinese commercial papers.

In the post, which also made statements about USDT’s loss of dollar stability, it was emphasized that reporting obligations to the New York Attorney General’s Office were completed in accordance with the terms of the 2021 agreement.

In the shared post: “This agreement required reporting on Tether’s reserves every three months for two years. Our company has fully complied with this obligation and there has been no suggestion that disclosures are incomplete or that reserves are insufficient. We are happy to fulfill our obligations under the reconciliation. “Today, Tether is stronger than ever with the largest market cap in history.”

Tether CTO Paolo Ardoino also gave a lengthy response, quoting the post shared by the company. In his response, Ardoino explained that all the topics of interest are covered in this post and the contents of the post.