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Stablecoin Issuer Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves

The newspaper reported that the firm's assets outweigh its liabilities by just $191 million, implying a relatively "thin cushion of equity."

Tether Chief Technology Officer Paolo Ardoino at Paris Blockchain Week in April. (Twitter/Bitfinex, modified by CoinDesk)
Tether Chief Technology Officer Paolo Ardoino at Paris Blockchain Week in April. (Twitter/Bitfinex, modified by CoinDesk)