Read

<div class="protos">
 After nearly a decade of promising financial and security audits for users and critics to look over, Tether has once again failed to put its money where its mouth is, instead choosing to announce a complete change of its business model.
 The rebrand is in line with many of the statements the company has been making over the past several years, around plans to get into the bitcoin mining business, the data industry, and blockchain education.
 The news comes on the back of new reporting from the Wall Street Journal that Tether has been extremely useful for Russia in its bid to acquire weapons to defeat Ukraine and numerous damning statements from Janet Yellen regarding stablecoins.
 Since US regulators and politicians started to pay closer attention to stablecoins, <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a> has taken to calling itself ‘the largest company in the digital asset industry’ instead of the ‘largest stablecoin,’ and is clearly trying to put a positive spin on the work that it does.
 <figure class="wp-block-embed is-type-wp-embed is-provider-protos wp-block-embed-protos">
 <div class="wp-block-embed__wrapper">
 <blockquote class="wp-embedded-content" data-secret="wAXZ0AFgLf">
 Tether: Ten years, 100,000,000,000 USDT, and still no audit
 </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Tether: Ten years, 100,000,000,000 USDT, and still no audit” — Protos" src="https://protos.com/tether-ten-years-100000000000-usdt-and-still-no-audit/embed/#?secret=syMYpNdBzu#?secret=wAXZ0AFgLf" data-secret="wAXZ0AFgLf" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
 </div>
 </figure>
 Read more: <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a> implicated in Russian weapons sales, completes security <a rel="noopener noreferrer nofollow" title="audit" href="https://thebittimes.com/tag/audit.html">audit</a>
 <h2 class="wp-block-heading" id="h-tether-says-there-s-more-to-it-than-a-110-billion-stablecoin">Tether says there’s more to it than a $110 billion stablecoin</h2>
 While Tether is almost exclusively known for being the owner and operator of the stablecoin (USDT) with the highest market cap and most volume, the new PR campaign is clearly an attempt to suggest there’s far more to the company.
 In an advertisement released at the same time as its press release, <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a> says it’s “transcended [its] beginnings to redefine what’s possible beyond finance.”
 Indeed, according to its hiring page, <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a> is looking for managers for its education program and engineers for its AI mission.
 One position it isn’t hiring for? An auditor willing to trudge through almost a decade of unaudited financial statements, hacks, scams, and giant missteps.
 Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;Instagram,&nbsp;Bluesky, and&nbsp;Google News, or subscribe to our&nbsp;YouTube&nbsp;channel.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/a-decade-without-an-audit-tether-says-it-s-a-new-business-tbt86259.html">https://thebittimes.com/a-decade-without-an-audit-tether-says-it-s-a-new-business-tbt86259.html</a>

A decade without an audit, Tether says it’s a new business

목차

TheBitTimes

2024년 4월 23일에 게재된 다른 기사

XRP set for ignition as this indicator points to 180% rally

Dog Coin with AI Capabilities: WienerAI is Sizzling Hot Despite Market Dip

Exploring the Impact of Render Token in GPU Rendering and Cryptocurrency Markets

Notcoin (NOT) 4/20 Delayed Launch Gets Updated ETA

Unveiling BIP-420: A Formal Introduction of OP_CAT, the Bitcoin Covenant Initiative

Insights on US Economic Data and Cryptocurrency Trends

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!