Tether is unaudited. USDC has at least been audited by a global tier-1 accountin... | Hacker News

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		ttul on May 12, 2022 \| parent \| context \| favorite \| on: Tether starting to lose its peg too, after Terra d... Tether is unaudited. USDC has at least been audited by a global tier-1 accounting firm. That’s a huge difference.

whimsicalism on May 12, 2022 | [–]

Both Tether and USDC are unaudited. Both USDC and Tether are attested by outside accounting firms, although the USDC firm is more reputable.

alexb_ on May 13, 2022 | [–]

And as we all know from 2008, large accounting firms would never lie about the quality of other companies for their own benefit.

whimsicalism on May 13, 2022 | [–]

you are conflating CRAs and accounting firms.

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