Quote from: Die_empty on Today at 02:07:55 PM

Quote from: Coyster on July 24, 2025, 12:47:45 PM

The community has been sceptical about Tether for a long time now and that is why it is advisable not to hodl it for too long, this is without adding that they can freeze your usdt, even if you have it in your non-custodial wallet.

Never hodl Tether. Just use it for quick transactions and convert it immediately to more reliable currencies. This is because nobody knows when the can of worms will be exposed.

Quote from: JeffBrad12 on July 25, 2025, 05:02:33 AM

This allegation has been going on for so long.
I really hopeful that USDT will do a proper audit after the US enforce the GENIUS act to make these stablecoins issuer much more transparent according to the law.

This is also why I prefer using USDC these days.

A company that has not been fully audited cannot be trusted. These allegations have not been verified because an independent audit has not been carried out. People who keep a large chunk of USDT are taking a blind risk. Until the government verifies that the 1:1 dollar ratio is true, people need to deal with Tether caution.

I'm not defending them but what's interesting is that the allegations of Tether's lack of transparency are not new. This has been going on for years and if I remember correctly it has been over 11 years since 2014. Not to mention, USDT is the coin with the largest market capitalization (stable coin) and is supported and used by all of the largest and most reputable exchanges in the industry. Do you think a fraudulent, dishonest company can last this long and be so widely used?

Come on, let's be real, they are still one of the most trusted giants when it comes to the stablecoin market with the largest capitalization and the most widely used.