Community Skepticism Grows Around Stablecoin Minting Spree

[tradelikepro]

Despite the surge in new tokens, neither Tether nor Circle has seen significantly higher transaction volumes that might justify the minting. This discrepancy has fueled speculation on social media about whether a market “pump” could be underway.

Tether, in particular, has yet to undergo a third-party audit, further amplifying doubts over the company’s reserves and long-term viability. Circle faces less criticism but has also not provided a regular, fully independent audit of its USDC backing.

For now, the motives behind these issuances remain unclear, and the lack of transparency has become a key talking point in the crypto community.

[Nahid10]

️ Stablecoin scrutiny: Tether still hasn’t produced a full third-party audit, raising ongoing doubts about its reserves. Even Circle’s USDC, while viewed more favorably, lacks regular independent audits — a gap that regulators may soon close.

[kelson10]

Transparency gap: Neither Tether nor Circle offers fully independent, recurring audits. With the GENIUS Act on the horizon, the absence of verifiable proof of reserves could determine who survives tighter U.S. oversight.