🚨 USDT Issuer Tether Under Fire! 🚨
S&P Global's Consumers' Research drops a bombshell report on Tether! 📉
🔍 Lack of Transparency: Tether has been criticized for failing to deliver a full audit of its US dollar reserves, despite numerous promises.
⚠️ Alarming Allegations: The report compares Tether’s transparency issues to the FTX and Alameda collapse.
🔗 Collaborations Under Scrutiny: Claims of bad actors using USDT to evade sanctions have raised red flags, and the company has been rated 4/5 on stability—just shy of the lowest score!
💼 Assurances from Cantor Fitzgerald CEO: Howard Lutnick backed Tether in January, stating they “have the money they say they have.”
🔐 Action Against Illegal Activity: Tether has seized 108.8M USDT from accounts linked to illicit activities since 2014. Plus, they’ve hired former Chainalysis economist Philip Gradwell to boost transparency in USDT reports.
💡 The future of #USDT hangs in the balance—watch closely as more reports are shared with regulators!
#TetherTrouble #Write2Earn! #StablecoinWatch #USDTTransparency #CryptoNews