According to Techub News, Cointelegraph reported that the US consumer protection organization Consumers' Research released a report on September 12, warning that stablecoin issuer Tether has problems with the transparency of its US dollar reserves.

The organization pointed out that Tether has not yet provided a complete audit report published by an authoritative accounting firm. They also compared this lack of transparency with the situation before FTX collapsed, and issued an open letter to US state governors, emphasizing the potential risks of Tether.