Tether is an unaudited black box, so no one really knows what their reserves are composed of. Tether's also been caught lying about their reserves numerous time

Tether is an unaudited black box, so no one really knows what their reserves are composed of. Tether's also been caught lying about their reserves numerous times [1], so it would be insane to think they're a credible store of value. Given their history and opaqueness, it's reasonable to assume shenanigans. [1] https://www.dirtybubblemedia.com/p/examining-tethers-secret-loan-portfolio https://www.dirtybubblemedia.com/p/examining-tethers-secret-...