It would be so simple for an actual auditor to verify Tether's holdings. Or, to put it another way - if Tether actually held everything it claimed to hold, it

It would be so simple for an actual auditor to verify Tether's holdings. Or, to put it another way - if Tether actually held everything it claimed to hold, it would have no problem arranging an auditor to sign off on it. Given they've resisted so much, the only reasonable inference is that some percentage is bullshit. The real question is how much.