Tether: USDT on Solana has no inherent risk, and some exchanges have suspended deposits or it is only because of the close connection between FTX, Alameda and Solana

Tether, the issuer of the stablecoin USDT, issued a statement stating that although Alameda is one of the larger issuers of USDT, the failure of Alameda does not represent a risk to Tether. Alameda's issuance of USDT means that Alameda transfers USD to Tether, and Tether issues USDT. These reserves are still in Tether's hands and are not on Alameda's balance sheet. Alameda can redeem any USDT they own for USD through the Tether redemption facility. In addition, Tether has not loaned Alameda any USDT or other funds, has no outstanding USDT loans, Tether reserves or any other funds, and has not participated in any leveraged activities and transactions. In addition, Solana USDT has no inherent risk, and Alameda's substantial participation in Solana will not affect the basic dynamics of USDT functions and USDT issuance operations. The suspension of USDT deposits on Solona by some exchanges may simply be due to the close connection between FTX, Alameda, and Solana.