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International Business Times
International Business Times
Business
Marvie Basilan

UNBELIEVABLE: Tether accused of corruption suspicious business in times square billboard ad - Caught on Camera

Tether was recently on the spotlight after a report that billions in USDT passed through a sanctioned crypto exchange. (Credit: Tether Website/Screenshot)

KEY POINTS

  • Consumers' Research said Tether has been refusing to be audited
  • The nonprofit's executive director said Tether is 'anything but stable'
  • Tether was under scrutiny earlier this year after a UN report alleged USDT use by money launderers

A nonprofit that focuses on issues and products or services of concern to consumers has accused stablecoin giant Tether of having a "shady" business that may not be so stable after all.

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