USDTThe largest stablecoin issuer, according to market capitalization ( ), has denied the details of the Bloomberg article on its reserves holdings.In a Thursday report, Bloomberg journalist Zeke Faux

Made numerous claims against Tether, including that its chief financial officer Giancarlo Devasini has used the company’s reserves to make investments, that seem to contradict Tether’s public position that the holdings were fully backed at all times. In addition, Faux alleges that Tether has invested in Chinese firms and issued crypto-backed loans “worth billions of dollars.” According to the report, he was only able to confirm one bank in the Bahamas was working directly with Tether.Disclaimer