Tether beforehand made an identical announcement after dropping in courtroom twice when trying to dam a June 2021 FOIL request filed by CoinDesk. That request pertained to paperwork produced in the course of the New York Lawyer Normal’s inquiry on allegations that USDT, the U.S. dollar-pegged stablecoin that Tether points, was not sufficiently backed by reserves from mid-2019 to early 2021, settling expenses with the corporate on the finish of that interval.
