- Ubiquitous Trading Pairs: Tether trading pairs are widely available on cryptocurrency exchanges, facilitating the trading of various digital assets against a stable value. This ubiquity contributes to its role as a common base currency in crypto trading.
- Transparency Concerns: Tether has faced criticism and skepticism regarding its transparency practices and the actual backing of USDT with fiat reserves. Periodic audits have been called for to address concerns over the adequacy of its backing.