Last night, USDT (market cap at $83 billion at the time of writing) lost its peg to the US dollar. There was panic in the market, and users began to sell USDT on a large scale.

Many altcoins continue to fall, which started after they were labeled securities in the SEC’s lawsuit against Binance.

In an effort to restore calm, Tether dropped its objections to CoinDesk’s request for public disclosure of specific financial materials and provided the documents.

Although the attack on USDT occurred at the same time as the documents were handed over, Tether remains confident in the accuracy of its financial data and emphasized its commitment to transparency.

Tether emphasized that these materials are outdated and do not accurately reflect the current status of its reserves or the transformational changes in its ecosystem.

It also urged CoinDesk not to share customer names publicly and to avoid bias in reporting.