Tether: No losses on any commercial notes, with a reserve surplus of $2.44 billion.

BlockBeats News, June 16th - Stablecoin issuer Tether has released a statement in response to FUD, stating that Tether has never and will never put the integrity of its reserves at risk. This is reflected not only in Tether's commitment to redeemability, but also in the maximum transparency of its reserves. Tether's commitment to maintaining the highest standards extends to its development of risk indicators and risk measurement processes. These mechanisms enable its investment and finance teams to thoroughly assess the risks associated with any financial interaction with the company. With an understanding of the lending business and regulatory environment, Tether actively strives to achieve and maintain its business goals while adhering to its risk management culture. In addition, Tether's commercial paper has maintained an A2 or higher rating. Tether's past statements remain unchanged. Tether remains committed to accountability and maintaining the highest standards. Regarding the recently disclosed documents, Tether makes the following clarifications: - In the documents, Tether's statement shows the existence of its banking relationships and reserves, as demonstrated by independent third-party attestations publicly disclosed by Tether; - These documents show how Tether applies first-class asset management concepts: short-term investment and diversification, which can be clearly seen from the various bank statements listing investments; - These materials do not represent Tether's current situation (as the data received by the media provides only a limited view of old data, exceeding two years). In addition to other measures, Tether will reduce its commercial paper holdings to zero by mid-2022 and significantly reduce its collateralized loan portfolio, with the goal of reducing it to zero in the coming months. Tether's latest reserve attestation shows a new high in net profit, reaching 1.48 billion US dollars, making Tether's reserve surplus reach a record high of 2.44 billion US dollars, and reducing cash deposits by more than 90%. The reserve attestation also shows that Tether continues to be committed to reducing its collateralized loans to zero, which has been reduced from 8.7% to 6.5%, and Tether's holdings of US Treasury bonds have reached a record high of over 53 billion US dollars, accounting for more than 64% of its total reserves. The relevant attestation also shows that Tether has gradually reduced its collateralized loans from 8.7% to 6.5%, and Tether's holdings of US Treasury bonds have reached a record high of over 53 billion US dollars, accounting for more than 64% of its total reserves. In addition, Tether regularly cooperates with law enforcement agencies and has assisted in more than 150 investigations on four continents. In the past 18 months alone, Tether has returned approximately 200 million US dollars to legitimate owners at the request of regulatory agencies and law enforcement authorities. At the same time, Tether once again denied having any exposure to Evergrande and explained that its exposure to Chinese commercial paper is primarily focused on the banking industry, but all Chinese paper held by Tether is liquid and issued by well-known large-scale issuers in the international commercial paper market. All of these issuers are stable, and most of these bonds have been and are held by some of the world's largest investment managers, belonging to conservative investment portfolios. The Chinese commercial paper related to Tether's previous reserves is rated A1 or higher. In addition, Tether reduced its commercial paper holdings to zero last year. Tether has not lost a penny on any commercial paper, including those issued by Chinese companies.