Tether updated the official website information and played some of the reserve routines?

In December last year, Bloomberg said in a report that Tether’s bank partner said the company had sufficient legal currency reserves.

However, now after the website information is updated, it indicates that its dollar holdings are no longer subject to the full USDT supply.

Each USDT has 100% reserve support, including traditional currency and cash equivalents, and sometimes other assets and accounts receivable, these assets and accounts receivable (from tether loans to third parties), these The three parties may include affiliated entities (these assets are collectively referred to as "reserves").

The most typical affiliated entity mentioned here is the cryptocurrency exchange Bitfinex, which has a large number of people who overlap with Tether's management team.

After discovering this problem, Reddit netizens immediately raised doubts about the recognition of the authority of the USDT in recognition of assets other than the US dollar.

The netizen u/Toyake who broke the news in Reddit said:

I think we have to start trusting third parties and run the market with a partial reserve mechanism.

Some people even use Tether to compare with Ponzi scheme BitConnect.
As of press time, Tether has not issued an official statement on this revision.