Chemical Firm Azelis Jumps After $2.1 Billion Brussels IPO

Reuters

Stablecoin Tether says holds no Evergrande commercial paper

Tether, the world’s largest ‘stablecoin’, said in a statement it does not hold any commercial paper or securities issued by embattled developer China Evergrande Group, as regulatory scrutiny into risks from this type of token grow. Evergrande, which has total liabilities of more than $300 billion, is also in the spotlight as it scrambles to raise funds, teetering between a messy meltdown with far-reaching impacts, a managed collapse or a government bailout. “Tether does not hold any commercial paper or other debt or securities issued by Evergrande and has never done so,” the company said.