Issuer Archives – Wealth Hub

November 5, 2024

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Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT

Tether has been ordered by a U.S. Judge in New York to produce financial records relating to the backing of USDT as part of a lawsuit that alleges Tether conspired to issue USDT as part of a campaign to inflate the price of bitcoin.The order requires Tether to produce “general ledgers, balance sheets, income statements,… […]

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