Implying Tether (USDT) Stuart Hoegner stated, the second-biggest stablecoin issuer doesn’t give a breakdown of their reserves, either. Observers should ask why our detractors are pushing one rule for them and another for us.

Stuart Hoegner further pointed to a couple of CoinDesk tweets and stated:   Many celebrated Tether_to’s decision to bring in an auditor to attest its reserves. But stable coin issuers such as Gemini, Circle Pay, and Paxos Global provides higher quality reporting and more assurance for investors says JP_ Koning.

There was another Tweet that he pointed to from CoinDesk as well:  Tether_to only makes an assertion about the total size of its assets. Unlike Gemini and Paxos Global, it tells us nothing about their composition. Is it safe holding treasury bills? Dogecoin.

In response to these tweets, Paolo Ardoino stated, “We should NFT these clown click-bait articles from Coin Desk. I bid 100 SATs.”

When Stuart Hoegner stated, “Stay tuned for more info. We have made great strides in 2021 in terms of transparency. More to come.”

There were others who replied stating, “We will be more transparent” – I’ve heard this in 2014, 2015, 2016, 2017, 2018, 2019, 2020, and now 2021.

Tether are continuing with their regular business.  They recently stated, “We have just completed some routine maintenance on the Tron contract administrative keys.”

It just looks like Tron and Tether are an unstoppable combination of financial innovation and trustworthiness.

For those who are uninformed, Justin Sun recently tweeted:  The holder addresses of TRC20-USFT issued by Tether_to on TRON network surpassed ERC20-USDT.  Stating, this is another huge milestone for TRON and TRONICS.

Also, recently Paolo Ardoino pointed to how Tether Launches on Hermex rollup as Ethereum starts falling behind.

Paolo stated, L2 is the path and further expressed that he is proud of Tether_to + bitfinex + Hermez_Network to be first in line. CEXs can offer 0 wd fee for all ERC20.

Reportedly, Hermez provides an Ethereum-native alternative to Tron. It has however been stated that, “without a meaningful number of possible destinations for the funds, Hermez risks getting stifled by competition from other sidechains and layer-one networks.”

In January Tether tokens ($USDt) stood at US$25 billion.  And now, they have already surpassed $45B market cap.  This is sign that they are growing each day.

The community are awaiting to see the launch of Tether on Kusama and Polkadot very soon.