Tether, which issues USDT crypto-tokens, pegged to dollar, presented a long-awaited report on the adequacy of reserves in its bank accounts. The document confirms that on Tether's bank accounts on June 1 there was $ 2.55 billion, which is enough to provide 2.54 billion USDT, issued on that date. The evaluation was conducted by the legal bureau Freeh Sporkin & Sullivan, LLP (FSS), created by three former federal judges and ex-deputy director of the FBI.
Traders around the world were expecting this document, which was a response to numerous Tether charges in the release of unsecured stablcoins. According to some crypto-experts, unsecured USDT could be used to manipulate the Bitcoin exchange rate.
Now one needs to closely monitor the new issue of USDT - it is possible that it will signal a new bull rally on the Bitcoin market.