Stablecoin issuers publish attestations and assurance reports to assure the broader crypto market that their coins are backed by real assets. Tether began publishing these reports after settling an inquiry with the New York Attorney General’s office, when the law enforcement entity claimed that, for a time, USDT was not fully backed.
Venezuela Looks to Tether to Bypass Sanctions: Reuters
Venezuela's state-run oil company started experimenting with Tether in 2023. Source link