$PEOPLE $STORJ $SCRT Tether’s first audit, yet refusing to release the report?! A $352B stablecoin empire—does the truth dare to be shown?
Tether, for the first time ever, conducted a comprehensive financial audit—this should have been a global headline. Yet it chose not to publish the complete report?
The crypto community is in an uproar, with criticism and skepticism flooding in nonstop.
Behind it all is the stablecoin total market cap of $352 billion (as of August 13) staring right in the face. Tether controls 59% of stablecoin supply, but accounts for only 74% of on-chain transaction volume.
USDT = a trillion-dollar empire, but every “transparency controversy” is a brutal test of trust in the industry. Even more intriguing: USDC’s annual transaction volume has already surged to $1.83 trillion, surpassing USDT’s $1.33 trillion—“the most transparent” is using real money to crush “the most mysterious.”
What exactly did the audit audit, and why won’t they disclose it? Before the answer comes out, smart money has already begun voting with its feet.