Recently, Whalepool, a community of day traders posted on Twitter that not a single US Dollar backed stablecoin provided their complete audits which included TrueUSD [TUSD], Gemini [GUSD], Paxos [PAX], and Circle [USDC]. The stablecoin platforms were accused of only providing attestations which proved their reserves but there was no proof of a complete audit.
Cameron Winklevoss stated that Whalepool was accusing the platforms without understanding the fact that these platforms could not be audited and only had to go through the process of attestation. He added:
https://ambcrypto.com/geminis-winklevoss-says-tether-is-an-unlicensed-issuer-and-does-not-disclose-where-fiat-is-located/
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