The latest round of USDT printing by Tether has sparked serious debate, with over 6 billion USDT printed in just the last month, bringing the total to around 12 billion in three months. This move has drawn skepticism from many within the community, especially regarding Tether's auditing process.
Tether is known for its strategy of printing USDT in smaller batches, typically between $300 million and $400 million, instead of larger sums like $1 billion. This has raised questions about transparency and the actual financial backing of their assets. Critics argue that this approach could conceal the true scale of Tether's operations.
In recent forum discussions, some community members expressed their frustration over how Tether conducts its operations. One user bluntly stated,
"How do you even differentiate between regular purchases from customers who send Tether $1 and receive 1 USDT vs 'unbacked printing'?!"
Auditing Concerns: Many have pointed out the ambiguity surrounding Tether's audits, as skepticism about their asset backing becomes more pronounced. A user noted the complexity of understanding Tether's mechanisms, implying that many people misunderstand how Tether operates.
Legal Compliance Woes: A new user noted,
"Tether is not based in the US? Therefore it doesn't need to follow the new guidelines from the GENIUS Act."
This comment adds another layer, suggesting Tether may sidestep certain regulations that affect competitors.
Trust Issues: Users continue to express doubts about Tetherβs transparency. Comments like "Thatβs the neat part: You donβt" highlight an undercurrent of mistrust within the community.
The overall sentiment remains skeptical. Many commenters are expressing doubts over whether the printing will stabilize or destabilize the market. Multiple quotes reflect a desire for greater accountability in Tether's practices:
"Fucking audits - how do they work?"
πΉ Tether printed $6 billion in USDT over the last month, indicating a quick rise in market activity.
πΈ Concerns persist about 12 billion USDT being generated in three months and how it reflects on market confidence.
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