Business

Judge Orders Tether to Produce Records on Backing Stablecoins


A judge for the Southern District of New York has ordered the largest stablecoin issuer to produce financial records relating to the backing of their coin, tether.

Tether Holdings The world’s largest stablecoin issuer, will need to present its balance sheet, income statement, cash flow statement and profit and loss statement on order. It will also have to provide documents to establish sufficient reserves for its stablecoin, tether, including account statements for all of its banks.



Source link

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button