WSJ Raises Questions About Tether USD ReservesWSJ Raises Questions About Tether USD Reserves
By Sheevika Senanayake - August 13, 2018

Tether had recently announced a $50M new USDT tokens created due to investor demand. However, the Wall Street Journal (WSJ) has issued a report questioning the transparency of the process and the lack of accountability regarding the USD backing the tokens. In particular, the WSJ takes issue with the fact that USDT has no issue limit, and no audit of the reserves has ever been done. Tether has issued a report through a reputed law firm, but this falls short of the standards met in an audit.