Tether Accused Of Corruption, 'Suspicious' Business In Times Square Billboard Ad

Tether was recently on the spotlight after a report that billions in USDT passed through a sanctioned crypto exchange. (Credit: Tether Website/Screenshot)

KEY POINTS

• Consumers' Research said Tether has been refusing to be audited
• The nonprofit's executive director said Tether is 'anything but stable'
• Tether was under scrutiny earlier this year after a UN report alleged USDT use by money launderers

A nonprofit that focuses on issues and products or services of concern to consumers has accused stablecoin giant Tether of having a "shady" business that may not be so stable after all.