"Tether responds to China bond reserve report!"
Tether responded to reports that its reserves once contained bonds from Chinese state-owned enterprises. The company said it disapproved of the action, and the information obtained by the media was limited and older than two years. Tether clarified that its exposure to Chinese commercial paper is liquid and stable, having reduced its commercial paper exposure to zero last year.
"The media is criticized for presenting outdated information!"
Tether criticized the media for not paying attention to current events and facts and only presenting outdated information. The company emphasizes that it prioritizes its customers and the data transmitted to the media does not represent the current status of the company.
Tether clarified that they had no losses on any commercial paper, including commercial paper issued by Chinese companies. The company pointed out that the commercial papers related to the Bank of China involved are all rated A1 or higher and are used by some of the world's largest investment management companies.
