The Tether Controversy: A Deep Dive into Transparency Issues

Tether, the world’s leading stablecoin, has been embroiled in controversy for years. Pegged to the US dollar at a 1:1 ratio, this decentralized currency plays a critical role in trading, DeFi, and market liquidity. However, concerns surrounding its reserves, audits, and potential impact on Bitcoin markets have fueled ongoing debate within the crypto community. This article delves into the Tether controversy, examining its history, key findings, and current attempts at transparency.