I'm not defending them. But I am noting they do have 3rd-party attestations (NOT audits!) which is the same as what Circle does with USDC. FTX used their FTT

I'm not defending them. But I am noting they do have 3rd-party attestations (NOT audits!) which is the same as what Circle does with USDC. FTX used their FTT token to prop up their balance sheet. This attestations says USDT isn't like that.