Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News

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Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News

   Altcoin News China New York Attorney General Tether    June 16, 2023  |  0

Tether Holdings Ltd. at one point counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, according to Bloomberg News. 
Tether at a point in time held securities issued by state-owned Chinese companies including Industrial & Commercial Bank of China Ltd., China Construction Bank Corp. and Agricultural Bank of China Ltd, according to documents Bloomberg obtained from the New York State Attorney General’s office. …
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