Watchdog Warns Against Tether’s Transparency Issues

Tether's Transparency Under Scrutiny

A prominent watchdog group is raising alarms about the cryptocurrency stablecoin Tether, highlighting potential risks associated with its transparency and regulation. Consumers' Research has expressed concerns, labeling Tether as a threat to U.S. financial stability due to its unregulated nature. The organization emphasizes the absence of a comprehensive audit to verify Tether's claim of 1:1 U.S. dollar backing, urging investors to exercise caution.