1/🧵 Tether, the leading stablecoin, faces a campaign by Consumers' Research alleging risky practices. Despite being pegged to the USD for stability, concerns over reserve transparency persist. Tether counters with audits by BDO, yet doubts linger. #cent #threadstorm #leofinance
2/🧵 The campaign's comparison of Tether to the defunct FTX and hints of ongoing investigations, despite settled lawsuits, may unsettle the market. It's vital to discern facts from fear-inducing claims to protect investor interests and market integrity.
3/🧵 Political undertones in the "Tethered to Corruption" campaign, led by politically connected Will Hild, suggest motives beyond consumer protection. As the crypto community seeks clarity, the importance of unbiased information prevails for informed decision-making.
https://inleo.io/@azuri1/a-deep-dive-into-the-controversy-surrounding-tether-and-consumers-research-campaign-217