Tie rope reserveWith the news that the company supports its reserves, the mystery behind the larger and stable reserves seems to be slowly unraveling. It is reported that a company headquartered on Wall Street is the mainstay of maintaining Tether reserves. This is crucial, so people are uneasy about the proven lack of transparency in the reserves of smooth cattle. Although the companies behind the smooth system are trying to change the status quo at the level of financial audit and the property of the applicable cryptocurrency they hold, the lack of transparency remains.

Tie the composition of creditor's rights investment

According to the Wall Street Journal, Cantor Fitzgerald, a Wall Street financial services project firm, is responsible for the $39 billion debt investment made up of Tether. Interestingly, Cantor Fitzgerald himself has had some close ties to the cryptocurrency market for years. The company said in 2017 that it would issue a BTC (BTC) linked stock index futures contract. Another company, BGC Partners, an affiliate of Cantor, seems to be releasing its own password trading center in early 2023.

The mysterious announcement of Tether reserves comes at a time when people are challenging the transparency of the password market. In the latest case, the Foreign Securities and Exchange Commission (SEC) sued Kraken, a password trading center, for giving unregulated securities in the form of password bets. Although bets are different from stable assets rather than stable market capitalization, the risky nature of these assets has aroused suspicion about stability.

In May 2022, the algorithm steadily collapsed in US dollars (UST), causing a catastrophic password collapse and harming the sales market for several months. One after another, more and more attention has been paid to the lack of transparency of stable reserves.

Tether (USDT) is valued at $68.2 billion, making it the most traded cryptocurrency, thanks to the exchange of Stablecoin for $1.