June 16 (Cointime) - According to documents obtained by the New York Attorney General, Tether had indeed backed its stablecoin with Chinese securities, including those from China Construction Bank Corp. and Agricultural Bank of China Ltd, despite denying it previously. Tether had faced rumors about its use of Chinese securities, but remained silent on the matter until September 2021 when it denied holding commercial paper from Evergrande. In July, Tether stated that it did not hold any Chinese commercial paper at that time, but did not confirm or deny whether it had done so in the past. The documents were released as part of the NYAG's investigation of Tether, which resulted in a settlement and fine in 2021.