Tether Still Without Audit

After nearly a decade of promises to undergo financial and security audits for users and critics to review, Tether once again disappoints by announcing a complete change in its business model.

This decision to transform aligns with many of the company's previous statements, which over the past few years have promised entry into the bitcoin mining industry, data sector, and blockchain technology education.

The latest news comes in the wake of reports from The Wall Street Journal indicating that Tether has proved highly useful to Russia in its attempt to procure weapons to fight Ukraine. Additionally, numerous harsh remarks regarding stable cryptocurrencies have been made by Janet Yellen.

Since American regulators and politicians began scrutinizing stable cryptocurrencies, Tether has shifted its narrative, labeling itself as the "largest company in the digital asset industry," rather than just the "largest stable cryptocurrency." This is a clear attempt to portray the company's activities in a positive light.

Tether Ensures It Offers More Than a $110 Billion Stable Cryptocurrency

While Tether is primarily known as the owner and operator of the largest stable cryptocurrency (USDT) in terms of market capitalization and transaction volume, the new PR campaign clearly suggests that the company offers much more.

In one of the announcements published concurrently with the press release, Tether claims to have "surpassed its origins to define what is possible beyond finance."

Indeed, according to their recruitment page, Tether is seeking managers for its educational program and engineers for missions related to artificial intelligence.

One position they're not ready to fill? An auditor willing to review nearly a decade of unaudited financial reports, breaches, fraud, and major mistakes.