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Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News

Tether Holdings Ltd. at one point counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, according to Bloomberg News. Tether at a point in time held securities issued by state-owne...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News
Tether Holdings Ltd. at one point counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, according to Bloomberg News. 
Tether at a point in time held securities issued by state-owned Chinese companies including Industrial & Commercial Bank of China Ltd., China Construction Bank Corp. and Agricultural Bank of China Ltd, according to documents Bloomberg obtained from the New York State Attorney General’s office. ...
Read More: Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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