

Consumers’ Research Group Raises Concerns Over Stablecoin Issuer Tether’s Lack of Transparency
The report included an open letter to state governors, radio advertisements, and a dedicated website outlining the group's concerns.
Stablecoin issuer Tether has once again come under fire for its alleged lack of transparency. On September 12, consumer protection group Consumers' Research released a report and open letter to state governors expressing concerns over the stablecoin company.
The report, which also includes radio advertisements and a dedicated website, alleges that Tether has never provided a full audit of its U.S. dollar reserves from a reputable accounting firm. Some of the group's other stated concerns include Tether’s past dealings with “questionable entities” and the use of USDT in attempts to bypass international sanctions.
Consumers' Research went on to compare the situation with Tether to the recent collapse of FTX and Alameda Research, both of which were also criticized for having similar transparency issues.
The report also highlights a list of what it claims to be false statements made by Tether throughout history, beginning in 2018, when the stablecoin firm released a report — not an audit — from a law firm, not an accounting firm.
However, the issue appears to be more complicated. For example, there have been frequent claims from auditors being hesitant to work with Tether, especially the Big Four (Deloitte, PwC, EY, and KPMG). According to Tether CEO Paolo Ardoino, these auditors are afraid to engage with the stablecoin issuer as it will “hurt” their brand.
In other words, Ardoino argues that Tether is not audited by any major firm because the firms themselves don’t want to. As it stands, Tether only gets monthly proof-of-reserves from BDO Italia, but these are attestations and not proper audits, essentially delivering a “trust me, bro” message to USDT users.
Despite this, Tether does appear to be making some efforts to increase transparency, such as hiring former Chainalysis chief economist Philip Gradwell to produce USDT usage reports and working with law enforcement to combat illicit activities involving USDT.
Related: Tron, Tether, and TRM Labs Team Up to Fight Crypto Crime on Tron Blockchain
In one recent development, Tether announced the creation of a financial crime unit in collaboration with Tron to identify and freeze illicit transactions on the Tron network, further emphasizing its commitment to security.
以上是Consumers’ Research Group Raises Concerns Over Stablecoin Issuer Tether’s Lack of Transparency的详细内容。更多信息请关注PHP中文网其他相关文章!

比特币(BTC)周二飙升了91,000美元,在投资者的乐观情绪和对美国 - 中国贸易紧张局势解冻的新希望中攀升了近5%,

随着XRP似乎获得了更清晰的联邦地位,针对加密交易所Coinbase的新的俄勒冈州诉讼引起了人们对潜在的州级压制的新担忧。

Cardano使用了销售证明(POS)系统。以太坊最初使用工作证明,并在几年后转为POS。

苏黎世,2025年4月22日(Globe Newswire) - 期待已久的$ XPL代币发行已正式开始,这表明了Xploradex之旅中的关键时刻

Uxlink很高兴宣布其与SOLV协议的战略合作伙伴关系,以团结分散技术和传统财务。

贝莱德的现货比特币ETF IBIT录制了42亿美元的交易量,因为自3月初以来,比特币的价格首次飙升至90,000美元以上

CoinSwitch是印度最大的加密货币贸易平台,它发布了对印度加密投资者在2025年第1季度的投资和交易行为的新见解。

热AI工具

Undresser.AI Undress
人工智能驱动的应用程序,用于创建逼真的裸体照片

AI Clothes Remover
用于从照片中去除衣服的在线人工智能工具。

Undress AI Tool
免费脱衣服图片

Clothoff.io
AI脱衣机

Video Face Swap
使用我们完全免费的人工智能换脸工具轻松在任何视频中换脸!

热门文章

热工具

SublimeText3 英文版
推荐:为Win版本,支持代码提示!

记事本++7.3.1
好用且免费的代码编辑器

SublimeText3汉化版
中文版,非常好用

mPDF
mPDF是一个PHP库,可以从UTF-8编码的HTML生成PDF文件。原作者Ian Back编写mPDF以从他的网站上“即时”输出PDF文件,并处理不同的语言。与原始脚本如HTML2FPDF相比,它的速度较慢,并且在使用Unicode字体时生成的文件较大,但支持CSS样式等,并进行了大量增强。支持几乎所有语言,包括RTL(阿拉伯语和希伯来语)和CJK(中日韩)。支持嵌套的块级元素(如P、DIV),

禅工作室 13.0.1
功能强大的PHP集成开发环境