News Explorer — Tether a Potential 'Disaster' for Consumers, Watchdog Group Alleges

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Sep 13, 3:10 pm

Decrypt

Tether a Potential 'Disaster' for Consumers, Watchdog Group Alleges

Tether, the issuer of the USDT stablecoin, is facing criticism from consumer protection group Consumers' Research for its lack of transparency regarding its U.S. dollar reserves. The group claims that Tether's failure to undergo a full audit from a reputable accounting firm poses a potential risk to consumers. Tether has not yet responded to the report.

Tether, the issuer of the USDT stablecoin, is facing criticism from consumer protection group Consumers' Research for its lack of transparency regarding its U.S. dollar reserves. The group claims that Tether's failure to undergo a full audit from a reputable accounting firm poses a potential risk to consumers. Tether has not yet responded to the report.

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