đ¨ USDT Issuer Tether Under Fire! đ¨
S&P Global's Consumers' Research drops a bombshell report on Tether! đ
đ Lack of Transparency: Tether has been criticized for failing to deliver a full audit of its US dollar reserves, despite numerous promises.
â ď¸ Alarming Allegations: The report compares Tetherâs transparency issues to the FTX and Alameda collapse.
đ 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 stabilityâjust shy of the lowest score!
đź Assurances from Cantor Fitzgerald CEO: Howard Lutnick backed Tether in January, stating they âhave the money they say they have.â
đ Action Against Illegal Activity: Tether has seized 108.8M USDT from accounts linked to illicit activities since 2014. Plus, theyâve hired former Chainalysis economist Philip Gradwell to boost transparency in USDT reports.
đĄ The future of #USDT hangs in the balanceâwatch closely as more reports are shared with regulators!
#TetherTrouble #Write2Earn! #StablecoinWatch #USDTTransparency #CryptoNews