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Tether Refutes Bloomberg's Report On Its $1 Billion Loan To Celsius
Summary: In response to the article titled "Tether's $69 Billion Mystery" published by Bloomberg Businessweek, the protagonist Tether issued an official response stating that the article extracts fragments of old news from various places and suspicious sources to make it suitable for an advanced conclusion, calling it "a one-act play that the industry has seen many ...
In response to the article titled "Tether's $69 Billion Mystery" published by Bloomberg Businessweek, the protagonist Tether issued an official response stating that the article extracts fragments of old news from various places and suspicious sources to make it suitable for an advanced conclusion, calling it "a one-act play that the industry has seen many times."
Some of the details mentioned by Bloomberg include Tether's one-billion-dollar loan to Celsius, a digital asset lending company, and its holding of Chinese government bonds.
Tether explained in the response: "The company has taken a leadership position in transparency, providing quarterly assurance attestations (as recently as the June 30, 2021 target date) confirming that all Tether tokens are fully backed. And these attestations and statements also confirm the vast majority of the commercial paper held by Tether is in A-2 and above rated issuers."
By Mary Liu
Tags: Celsius,Stablecoin,Tether
Link: Tether Refutes Bloomberg's Report On Its $1 Billion Loan To Celsius [Copy]
