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❔Watchdog Warns About Tether’s Reserves

#USDT#Stablecoin

▫️ Stability Rating: 4 out of 5 by S&P Global
▫️ Main Concern: Lack of full audit transparency

What you should know ⤵️

1️⃣Consumers' Research raised concerns about Tether’s transparency regarding its US dollar reserves.
2️⃣The company has yet to provide a full audit of its reserves, despite numerous promises.
3️⃣Tether is accused of doing business with "bad actors" and allowing USDT to be used to bypass international sanctions.

🔍 In August, Tether’s CEO stated they are cooperating with law enforcement to identify and freeze illegal transactions. 

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