Tether and Bitfinex, the issuers of the largest stablecoin USDT in terms of market value, have announced an hour ago that they are taking important steps towards transparency and reserve confidence regarding the FUDs that have been shaking crypto investors for years.
Tether and Bitfinex, the issuers of USDT and cryptocurrency exchange, stated that they will no longer respond to information freedom requests made by news platforms in New York and that they will pay attention to information sharing after Coindesk’s FOIL request earlier this year.
Despite the “malicious” and “beyond the boundaries of professional journalism” news by journalists such as Zeke Faux, Shane Shifflett, and Ada Hui, Tether and Bitfinex stated that they will respond to information requests.
Tether can argue that the claims that media organizations such as Wall Street Journal and Bloomberg prepare “unilateral and biased” reports are not completely baseless. It has been observed that many allegations causing turbulence in the markets are exaggerated or related to past events.
In summary, from now on, when an allegation is made about Tether, top-level journalists reaching the company will receive more responses. This can prevent possible FUDs in the future and can be positive for investors.