.Tether_to has hit back at a recent WSJ report that claims it has a 'thin cushion of equity' before becoming 'technically insolvent.' By oknightcrypto.
on the company's website, Tether said that U.S. treasury bills have been the premier safe asset for decades in response to WSJ's claim that the company has a"thin cushion of equity."recent attestation by accountancy firm BDO
, outweigh its liabilities by just $191 million, meaning that a mere 0.3% slump in assets could result in"technical insolvency." Tether also insists that it is the most honest and transparent stablecoin in the market, promising that it will provide monthly attestations from January, in spite of criticism over the lack of a formal audit.
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