#Tether : Is Transparency the Issue? 🔍

Consumer protection group Consumers' Research 🇺🇸 is raising some red flags about Tether, claiming they haven't been transparent about their US dollar reserves. 🙊🚨

Key points: 💻👀👇

1️⃣ Lack of Audit: Tether hasn't provided a full audit from a reputable firm. 🎣🥷

2️⃣ Similar to FTX: This reminds us of the transparency issues that led to #FTX 's downfall. 🪤

3️⃣ Tether's Response: Tether has hired a former Chainalysis chief economist to produce usage reports and has collaborated with Tron to fight illicit activity. 👷

What do you think? Is Tether doing enough to be transparent? DYOR! 🤔 #Stablecoins #Transparency #USDT

Source: Cointelegraph 🙏