Recent reports concerning Tether’s loans to partners have aroused investor concerns, and Tether co-founder Reeve Collins has rejected these claims.

Collins decided to intervene in the case as the backlash against Tether grew. On CNBC’s recent broadcast of SquawkBox, he finally defended the company against multiple allegations.

"Why don't you show the reserves?" @andrewrsorkin asks @Tether_to co-founder @Reeve_Collins: pic.twitter.com/dBkRxMaoZf

— Squawk Box (@SquawkCNBC) December 2, 2022

Tether released its evidence of reserves on the company’s official website, according to the co-founder. He said the publication was available for anybody to view and evaluate its facts.

USDT’s integrity, according to the co-founder, has been preserved throughout its operating existence. He stated that the company has never failed to redeem its coin for exactly $1 per coin.

Collins stated that even after selling Tether in 2015, the company has not departed from its operating principles. According to him, the company has endured the test of time because it has continued to apply the finest strategies in reducing operational risks.

Collins also mentioned that the company is audited on a regular basis over a few months. This technique will allow government funds to investigate the procedures that go into their investment and administration.

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