Tether quietly updates its collateral breakdown, which includes ‘cash equivalents’ and third party loans24

Tether has made a discreet bid to face off scrutiny over its stablecoin, USDT, updating their website to clarify how their reserves are made up.

The company now claims that each coin is backed by "reserves, which include traditional currency and cash equivalents and, from time to time,...other assets and receivables from loans made by Tether to third parties."

Original source
https://www.theblockcrypto.com/tiny/tether-quietly-updates-its-collateral-breakdown-which-includes-cash-equivalents-and-third-party-loans/

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