Concerns about Tether are growing

Tether's opaque operations have raised $118 billion

Scam or just panic? read more ⬇️

Investors are worried about Tether, the largest stablecoin issuer, due to its refusal to undergo an independent audit

With over $118 billion in circulation, concerns about its opaque operations and a potential liquidity crisis, similar to FTX's collapse, are growing

Justin Bons, founder of Cyber Capital, recently highlighted the risks of Tether

On September 14, in a post on X, Bons called Tether a “major threat” to the crypto space, noting that the company claims to have $118 billion in reserves without providing any evidence

Tether's transparency issues are longstanding. In 2021, the U.S. CFTC fined Tether $41 million for false statements about its reserves

Controlling over 75% of the stablecoin market and growing its share by 20% in two years, Tether's dominance heightens investor fears of a collapse similar to FTX