Odaily Planet Daily News Tether released the latest long article in response to FUD: Tether has never and will never put the integrity of its reserves at risk. This is reflected not only in Tether's unwavering ability to honor redemptions, but also in the utmost transparency of its reserves.

Tether's commitment to maintaining the highest standards extends to the risk metrics it develops and the risk measurement process. These mechanisms enable its investment and finance teams to thoroughly assess the risks associated with any financial interaction with the firm. With an understanding of the lending business and the regulatory environment, Tether actively strives to achieve and sustain its business objectives while adhering to its risk management culture.
In addition, our commercial paper has consistently maintained a rating of A2 or higher. Nothing has changed from our past statements. We have an unwavering commitment to accountability and maintaining the highest standards.
Regarding the recently disclosed documents, Tether made the following clarification:
- In the document, Tether’s statement shows the full existence of its banking relationships and reserves, as evidenced by our publicly disclosed, independent third-party assurances;
- These documents show how Tether applies first-class asset management concepts: short-term investing and diversification, which is clearly visible from the investments listed in various bank statements;
- These materials do not represent where Tether is today (as the data received by the media only provides a limited view of old data, more than 2 years old). Among other measures, Tether will reduce its commercial paper holdings to zero by mid-2022 and significantly reduce its secured loan portfolio, aiming to get them to zero in the coming months.
Relevant evidence also shows that Tether has gradually reduced its guaranteed loans from 8.7% to 6.5%, and Tether's holdings of U.S. Treasury bonds have reached an all-time high of more than $53 billion, accounting for more than 64% of its total reserves.
In addition, Tether regularly cooperates with law enforcement, assisting in more than 150 investigations across four continents. In the past 18 months alone, Tether has recovered approximately $200 million in U.S. dollars and returned them to their rightful owners following requests from regulators and law enforcement.
At the same time, Tether once again denied any exposure to Evergrande, and explained that its exposure to Chinese commercial paper is mainly concentrated in the banking industry, but all Chinese paper held by it is liquid, and is managed by a well-known large-scale company in the international commercial paper market. issued by the issuing institution. All of these issuers are stable, and the majority of these bonds were and are held by some of the world's largest investment managers in conservative portfolios. The Chinese banking-related commercial paper involved in Tether’s previous reserves was rated A1 or higher.
Also, it’s worth noting that Tether dropped its commercial paper holdings to zero last year. Tether has not lost a penny on any commercial paper, including Chinese commercial paper.