Head Topics

Tether [USDT] on shaky grounds: Will these new developments reinforce fear

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Canada Headlines News

Canada Latest News,Canada Headlines

FUD around Tether continued to grow as it didn’t provide audited financial reports Tether’s transaction count declined while active addresses witnessed a rise According to a recent report by the Wall Street Journal, Tether [USDT] issued massive loans of around $6.1 billion as of 30 September 2022. Additionally, Tether did not publish audited financial documents […]

Tether did not publish audited financial documents or a complete balance sheet documenting the same.

This lack of transparency by Tether could stir up more FUD against the stablecoin, as the community may perceive theseUSDT is the largest stablecoin by market capitalization in the crypto industry. If its parent company, Tether, were to face a financial scandal, it would have a negative ripple effect on the entire crypto market.had fallen and reached a 21-month low of 11.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.