Peter Brandt 对 Tether（USDT）的稳定性表示严重怀疑

Peter Brandt 对全球最大稳定币 Tether 的稳定性表示严重怀疑。这种担忧与各种金融监管机构的担忧相呼应

Peter Brandt, a renowned technical commodities trader, has voiced his apprehensions about the stability of Tether (USDT), the world’s largest stablecoin. This concern aligns with the critical observations made by several financial watchdogs and analysts regarding USDT and the practices of Tether, its issuer.

著名技术商品交易员 Peter Brandt 表达了他对全球最大稳定币 Tether (USDT) 稳定性的担忧。这种担忧与一些金融监管机构和分析师对 USDT 及其发行人 Tether 做法的批评意见一致。

Brandt's comments come in response to a recent post by Consumers' Research, the oldest consumer protection organization in the United States. The nonprofit highlighted some troubling details about Tether's operations.

布兰特的评论是对美国历史最悠久的消费者保护组织消费者研究最近发表的一篇文章的回应。该非营利组织强调了有关 Tether 运营的一些令人不安的细节。

One of the key revelations is the allegation that Tether has been misleading the public about the sound backing of its U.S. dollars, a claim that the report suggests is setting the stage for doubt and distrust.

其中一个关键的揭露内容是，Tether 一直在其美元的良好支持方面误导公众，该报告认为这一说法正在为怀疑和不信任埋下伏笔。

“Interesting perspective,” Brandt writes in response. “My contention for years is that Tether is headed eventually for disaster. I agree with this all. The USD will eventually meet its demise, but years after the same is experienced by Tether.”

“有趣的观点，”布兰特回应道。 “我多年来的观点是，Tether 最终将走向灾难。我同意这一切。美元最终会走向灭亡，但多年后 Tether 也会经历同样的情况。”

Adding to the concerns is Tether's persistent refusal to undergo a thorough, independent financial audit, an omission that speaks volumes. Consumers' Research strongly criticizes this lack of transparency, emphasizing the risks faced by potential users of Tether.

雪上加霜的是，Tether 一直拒绝接受彻底、独立的财务审计，这一遗漏意义重大。消费者研究强烈批评这种缺乏透明度的行为，强调 Tether 潜在用户面临的风险。

The critique extends further, with a spotlight on Tether's creditworthiness, or rather the lack of it. In December, S&P conducted a risk assessment of leading stablecoins and ranked Tether alarmingly low, placing it near the bottom of their scale. The report raises several red flags, including Tether's reserve management and non-compliance with regulatory frameworks.

批评进一步延伸，焦点集中在 Tether 的信誉度上，或者更确切地说，是缺乏信誉度。去年 12 月，标准普尔对领先的稳定币进行了风险评估，并将 Tether 的排名低得惊人，接近其排名的底部。该报告提出了一些危险信号，包括 Tether 的储备管理和不遵守监管框架的情况。

To make matters worse, an investigation by the New York Attorney General's office revealed that Tether's reserves had a substantial exposure to commercial paper and securities from Chinese entities, including some major state-owned banks. While Tether maintains that it no longer holds any China-related assets, the absence of an independent audit leaves these claims unverified, adding to the narrative of risk and uncertainty surrounding the stablecoin.

更糟糕的是，纽约总检察长办公室的一项调查显示，Tether 的储备中存在大量来自中国实体（包括一些主要国有银行）的商业票据和证券。尽管 Tether 坚称其不再持有任何与中国相关的资产，但由于缺乏独立审计，这些说法未经证实，增加了围绕稳定币的风险和不确定性。

JPMorgan also shared similar concerns, highlighting an “increasing concentration in Tether” as a worrying trend impacting the crypto industry at large. The report adds that Tether is particularly vulnerable owing to its “lack of regulatory compliance and transparency.”

摩根大通也表达了类似的担忧，强调“Tether 的日益集中”是影响整个加密行业的令人担忧的趋势。该报告补充说，由于“缺乏监管合规性和透明度”，Tether 特别容易受到攻击。