The most popular stablecoin in the crypto community is under deep suspicion of not being backed 1-1 with US dollars, since the token has refused an audit to prove its funds.

Two polls conducted from the crypto community reflect this mistrust. A twitter poll with 875 respondents found that 58% stated that Tether was not actually backed by USD. A Telegram channel poll showed similar results, with 73% out of 52 respondents not believing USDT claims.

Combined, the two polls show 59% mistrustful of USDT and that without an audit through a third-party, the suspicion will continue to haunt the stablecoin.

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