Controversial “stablecoin” Tether is under the gun again, as Weiss Ratings recently released a report detailing the red flags associated with the project.
According to the alert, the largest issue facing Tether is the lack of a completed audit that accounts for the assets in circulation. During December and January, over one billion new Tethers were issued which coincided with the incredible increase in price that bitcoin experienced.
Read More:
(https://www.ccn.com/tether-under-scrutiny-again-as-weiss-cryptocurrency-ratings-releases-latest-alert/)