Tether, Circle and Coinbase deny having exposure to FTX and Alameda By Cointelegraph
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Tether, Circle and Coinbase deny having exposure to FTX and Alameda Amid the liquidity crisis that fell over crypto exchange FTX and trading firm Alameda Research, some of the largest crypto companies face calls for transparency to let users know if there are risks. However, executives assured the community that they do not have exposure to either of the troubled firms.
In response to concerns brought up by the crypto community, chief technology officer Paolo Ardoino clarified in a tweet that the stablecoin issuer has no exposure to either of the distressed firms. According to the Tether executive, Alameda has previously redeemed a lot of Tether (USDT). Despite this, Ardoino highlighted that no credit exposure has matured.
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Tether, Circle and Coinbase deny having exposure to FTX and Alameda Amid the liquidity crisis that fell over crypto exchange FTX and trading firm Alameda Research, some of the largest crypto companies face calls for transparency to let users know if there are risks. However, executives assured the community that they do not have exposure to either of the troubled firms.
In response to concerns brought up by the crypto community, chief technology officer Paolo Ardoino clarified in a tweet that the stablecoin issuer has no exposure to either of the distressed firms. According to the Tether executive, Alameda has previously redeemed a lot of Tether (USDT). Despite this, Ardoino highlighted that no credit exposure has matured.
Continue Reading on Coin Telegraph
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