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.
Before FTX collapsed in November 2022, it was the third-largest exchange in terms of volume and had over one million users. The market size and age of a company don't guarantee that it is reasonable. People trusting some altcoins doesn't make them reliable, it could be because of ignorance. The discussion is about conducting a comprehensive audit of Tether. Until it is done, USDT remains a risky currency to keep.