TechFlow news: Tether, the issuer of USDT, responded to Bloomberg's report claiming that "FTX's bankruptcy could impact Tether," stating that its relationship with FTX is no different from its relationships with other exchanges. Tether did not lend to FTX or Alameda Research, nor did it have any special transactions with them. Tether said that regulators handling the FTX bankruptcy case will ultimately confirm this. Due to defaults by Genesis, BlockFi, Voyager, Celsius, and others, institutions holding USDT tend not to lend out their USDT in order to reduce potential default risks.
Tether also stated that there is ample information verifying the security of USDT. It has already partnered with auditing firm BDO. Choosing to spread rumors and misinformation instead of citing publicly available data is a reckless act by Bloomberg.Source link
