• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Investors Concerned Over Tether's Operation Transparency

user avatar

by Giorgi Kostiuk

2 years ago


  1. Origin of Concerns
  2. Cyber Capital Founder’s Opinion
  3. Stablecoin Market and Investor Concerns

  4. Investors are increasingly worried about Tether, the world's largest stablecoin issuer, due to its persistent refusal to undergo an independent, third-party audit. With over $118 billion in circulation, concerns about Tether’s opaque operations are growing.

    Origin of Concerns

    In the context of over $118 billion in circulation, investors fear a potential liquidity crisis akin to the downfall of the FTX exchange. The lack of independent, third-party audits raises significant concerns, which could have serious repercussions for the entire crypto space.

    Cyber Capital Founder’s Opinion

    Justin Bons, the founder of Cyber Capital, has recently explained the risks of Tether. On September 14, in an X post, Bons described Tether as a 'major threat' to the crypto space. He pointed out that the company is asking the public to believe that it has $118 billion in reserves with no evidence. This lack of transparency is not new. In 2021, the U.S. CFTC charged Tether a $41 million penalty for making false statements about its reserves.

    Tether asks the public to believe that it has $118 billion in reserves without evidence.Justin Bons

    Stablecoin Market and Investor Concerns

    Tether controls more than 75% of the stablecoin market, having grown its market share by 20% over the past two years. This dominance is causing even more concern. Investors fear Tether’s size and lack of transparency could lead to a collapse similar to FTX.

    Tether's persistent refusal to undergo an independent audit and its dominance in the stablecoin market remain key sources of concern for investors. Potential risks require careful monitoring and analysis.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Investors Realize Profits Amid Price Dip

chest

Recent data indicates that Ethereum investors have realized significant profits despite a decline in ETH prices.

user avatarZainab Kamara

Metaplanet Increases Bitcoin Holdings Despite Losses

chest

Metaplanet's Bitcoin holdings rose to 40,177 BTC in Q1 2026, but the company reported a significant loss due to valuation markdowns.

user avatarAyman Ben Youssef

Zcash Surpasses Cardano in Market Capitalization

chest

Zcash has significantly outperformed Cardano, briefly becoming the 11th-largest cryptocurrency by market cap.

user avatarSon Min-ho

Market Expert Analyzes Divergence Between Zcash and Cardano

chest

Market expert Alex Carchidi analyzes the divergence between Zcash and Cardano, highlighting Zcash's compelling narrative for institutional investors.

user avatarTando Nkube

David Schwartz Issues Urgent Warning About Rising XRP Scams

chest

David Schwartz, former CTO of Ripple, warns XRP users about a surge in scams targeting them, particularly through fake airdrops and giveaways.

user avatarKofi Adjeman

Ethereum Price Recovery Attempts Amidst Resistance Levels

chest

Ethereum price is attempting to recover above key support and resistance levels, facing challenges at 2,320.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.