Tether’s first audit sparks more queries; stablecoin card volume soars

Tether, the world's largest stablecoin issuer, has completed its first audit but is refusing to release the report, leading some to suggest there may be 'less here than meets the eye.' Critics are not ready to admit defeat, and Tether's ownership remains described as a 'black box.' Separately, stablecoin-linked card volume has soared, and Mastercard's acquisition of BVNK has prompted Visa to look for new stablecoin opportunities.