Tether Refutes Allegations Of Inadequate Stablecoin Reserves

Responding to claims that the stablecoin is not adequately backed by reserves, Tether described the allegations as ‘unsubstantiated conclusions’. After a Wall Street Journal article said there were doubts about the company’s reserves, Tether reacted with a clarification. A recent article in the publication said there was a long pending demand for the company’s audited information.