⚠️ Tether & USDT continue to be questioned

This is a warning from Consumers' Research - the oldest consumer protection organization in the US, founded in 1929.

Consumers' Research accused Tether of repeatedly claiming that USDT is backed 1:1 with USD but has not undergone an independent audit to confirm despite its promise over the past 10 years.

According to Consumers' Research: "Tether has a history of violations with cases dating back to 2018 and many allegations related to market manipulation, concealing financial losses and doing business with organizations that violate sanctions."

Consumers' Research calls on states to be aware and protect consumers from potential financial risks from Tether.

Tether has not yet responded to the above accusations.