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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."

Na-update May 11, 2023, 4:18 p.m. Nailathala Ago 30, 2022, 11:53 a.m. Isinalin ng AI
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)