Tether’s First Real Audit: Is Your Crypto Safe Now?

For years, Tether has insisted that its USDT stable coin is fully backed one for one by US dollar assets sitting safely in its reserves. The problem is, for most of its existence, Tether hasn't provided the kind of full independent audits you'd normally expect from a more traditional financial institution making similar claims. And as USDT's market cap has continued to grow, the FUD has grown with it. But the biggest criticism of all, >> transparency. >> Despite Tether promising a comprehensive audit since ...