Tether, the issuer of USDT, one of the largest stablecoins by capitalization, has accused the Wall Street Journal (WSJ) of misrepresenting facts and deliberately publishing negative reports about the company.

In his article in a blog post, Tether criticized the WSJ for deliberately publishing “outdated, inaccurate and misleading reports” about the company. According to her, in 2021 alone, the WSJ posted 84 negative reports. The Tether team lamented that the popular news outlet “rarely focuses on hard data”, bringing in experts from now bankrupt crypto companies such as FTX, Genesis or Celsius Network as experts.

Tether noted that many cryptocurrency and blockchain companies, which the WSJ, like other major media outlets, have praised in recent years, have become some of the biggest financial failures and disappointments in history, as well as causing unprecedented losses for investors.

The friction between Tether and WSJ has been going on for several years. Their prehistory was the WSJ accusations against the company of artificially inflating the real value of USDT and doubting the reliability of data on the backing of the stablecoin. Tether also rebutted a recent WSJ article that claimed the company’s activities were not in compliance with US law.

“This is contrary to the fact that Tether operates in accordance with financial regulations and cooperates with law enforcement almost daily. This includes regular engagement with the US Department of Justice and other key US financial regulators,” a Tether spokesperson said.

Earlier, the Bits.Media portal published a detailed article on the issues of securing the USDT stablecoin.