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Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT

The order relates to a lawsuit that alleges unbacked USDT issuances have caused $1.4 trillion in damage to the market.

Updated May 11, 2023, 6:59 p.m. Published Sep 21, 2022, 4:17 a.m.
Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Credit: Twitter/Bitfinex, modified by CoinDesk)
Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Credit: Twitter/Bitfinex, modified by CoinDesk)