Tether’s Opaque Operations Raise $118 Billion, FTX-Like Concerns On The Rise

Tether, the issuer of the largest stablecoin, USDT, is facing serious scrutiny over its lack of transparency and third-party audits, with Justin Bons labeling it a $118 billion "scam" that poses a significant risk to the crypto ecosystem, drawing parallels to the FTX collapse. source: https://cryptonews.com/news/tethers-opaque-operations-raise-118-billion-ftx-like-concerns/