Tether Denies Holding Commercial Paper Issued by Troubled Real Estate Developer Evergrande

Stablecoin issuer Tether has said it does not hold commercial paper issued by Chinese real estate company Energrande, which faces imminent default to the magnitude of the Lehman Brothers collapse. According to a Tether spokesperson, the cryptocurrency company does not own any Evergrande commercial paper, debt, or securities, and denies ever holding any of the … Continue reading Tether Denies Holding Commercial Paper Issued by Troubled Real Estate Developer Evergrande