The people making the outrageous claim are the ones who have the burden of proof.
If I argue that I have a billion dollars, so I can issue a billion BlackHatCoins, each pegged with a dollar, then the burden of proof lies on me. It is me who claims a positive. People who claim a negative are obviously incapable of disproving my claim. It is me who needs to provide proof of reserves, not you to disprove that I don't have any; how could you ever accomplish such a thing in the first place?
Thinking Tether is fake was sooooo 2017 haha. I actually can't believe people are still harping on about that lol
It is not that I believe they have absolutely nothing in reserve; not having
enough reserves is shady enough for me. In
this post, it is demonstrated that Tether were capable to only provide evidence of just 14% of their "reserves". You can read more about it, and see yourself that USDT is not 1-of-1 backed by USD and they're essentially one big fractional reserve business.
In fact, I can't believe it's 2024 and people put trust in stablecoins.