**News Flash: Investor Concerns Mount Over Tether’s Transparency**

Investors are increasingly worried about Tether, the issuer of the world's largest stablecoin, USDT. The lack of third-party audits and transparency has sparked fears of a potential liquidity crisis akin to the FTX collapse.

Cyber Capital founder Justin Bons highlighted these concerns, pointing out Tether's $118 billion in collateral without proof. Tether's market share now exceeds 75% of the stablecoin market, intensifying scrutiny.

Despite honoring $16.7 billion in withdrawals in May 2022, experts like IDA Finance’s Sean Lee warn that Tether’s structural ties to banking partners pose significant risks. Calls for greater transparency continue as Tether remains under the microscope.