Its assets. They claim to own so much commercial paper that they would be one of the top owners of the class, yet no one who sells paper for a living has heard of them.

The kinds of audits it has had.

The amount of regular money it has in the banks.

And even lying so badly that basic fourth-grade math says that month-to-month reports from binance cannot be truth.[1]

[1] https://www.kalzumeus.com/2022/11/11/tether-required-recapit...