Northern

Coin

<ul class="news-points"> 
 <li>Tether also recently announced a strategic investment in Northern Data Group through a subsidiary. </li> 
 <li>The USDT issuer reiterated its commitment to its customers with ongoing efforts to reduce loan exposure.</li> 
 <li>Tether recently called out the Wall Street Journal for its repeated scrutiny amid ongoing banking challenges.</li> 
</ul> 
Tether, the crypto giant behind the world’s largest stablecoin, recently called out legacy media house Wall Street Journal for its repeated scrutiny against the stablecoin issuer. Tether also highlighted the ongoing challenges in the banking industry and accused the WSJ of failing to report the shortcomings in traditional finance. 
In a recently published <a href="https://tether.to/en/challenges-plague-banking-industry-as-tether-demonstrates-strength-and-commitment-to-high-quality-principles-amidst-scrutiny-from-wsj/" target="_blank" rel="nofollow">blog post</a>, Tether stated that traditional financial (TradFi) institutions were not properly addressing the needs of their customers. As per the USDT issuer, instead of focusing on their customers, TradFi players chose to scrutinize Tether’s operations. In its defense, the stablecoin firm stated that its excess reserves had exceeded $3.3 billion, all in the interest of its customers. 
According to <a href="https://coinedition.com/tag/tether-usdt/">Tether</a>, a company with excess reserves of more than $3.3 billion and on track to record a yearly p…
The post <a rel="nofollow" href="https://coinedition.com/tether-calls-out-wsj-for-scrutiny-amid-challenges-in-banking-industry/">Tether Calls Out WSJ For Scrutiny Amid Challenges In Banking Industry</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Tether Calls Out WSJ For Scrutiny Amid Challenges In Banking Industry

Coin Edition

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