Tether responds to Wall Street Journal ‘disinformation’

2022.08.31 05:29

Tether responds to Wall Street Journal ‘disinformation’

Tether Holdings Limited has clapped back at The Wall Street Journal over an article it claims spread “false information” about the stablecoin issuer’s profitability, solvency and accounting standards.

In a Monday article, the Journal claimed that Tether could be deemed “technically insolvent” if its assets fell just 0.3%. That conclusion was drawn from Tether’s reported assets and liabilities as of Thursday. One week prior, Tether published its latest attestation showing $67.7 billion of reported assets against $67.5 billion of liabilities.

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