Internal audits have no value for the outside world, so we have lies or weaselry, neither is a good look. Further, they paid $41 million to settle a case over

Internal audits have no value for the outside world, so we have lies or weaselry, neither is a good look. Further, they paid $41 million to settle a case over their lies - https://fortune.com/2021/10/15/tether-crypto-stablecoin-fined-reserves/ https://fortune.com/2021/10/15/tether-crypto-stablecoin-fine... I don't think it's a stretch at this point to say they have a history of, at the very least, being highly economical with the truth and misrepresenting their own level of transparency. And I do think your argument is unreasonable. Take a look back to 2017 on the wayback machine - "Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USD₮ is always equivalent to 1 USD." "Our reserve holdings are published daily and subject to frequent professional audits." We know that neither of those things was true.