Tether noted that the company did not lose any money on any commercial paper, and this includes the ones issued by Chinese firms.
“Ultimately Bloomberg, CoinDesk or any other media outlet’s decision to present this information to its readers was likely done in haste with little attention to current events or facts.”
According to Tether, they “do not condone this behavior," adding that their priorities lie with their customers. The stablecoin issuer also noted that the materials obtained by the media outlets do not represent the company at it is now. Tether said that the data sent to the media platforms is limited and more than two years old.In addition, Tether also clarified that its exposure to Chinese commercial papers was liquid and all of the issuers were stable.
The stablecoin issuer also noted that its exposure to commercial paper holdings was reduced to zero last year. According to Tether, they did not lose any money on any commercial paper. This includes commercial papers issued by Chinese firms.
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