Consumers' Protection, a California-based nonprofit, has launched a multimillion-dollar advertising campaign questioning the business conduct of the Tether stablecoin. The campaign, promoted through TV ads and billboards, questions whether Tether will become the next FTX and points to the risk that its reserves are unaudited.
Consumers' Protection will set up digital billboards in New York's Times Square and use mobile billboards in New York and Washington DC. Executive director Will Hild said consumers should be wary of stablecoins that fail to properly prove their assets. Despite the rapid growth in corporate interest in stablecoins, less than 10 per cent of transactions are actually completed by consumers.
Consumers' Protection was founded in 1929 and is supported primarily by religious and conservative groups.
Nonprofit Launches Multi-Million Dollar Ad Campaign Criticizing Tether
2024-06-20 22:02:26
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
非营利组织发起数百万美元广告活动批评TetherNext article：
美国加密政治行动委员会Fairshake截至5月底已筹集1.6亿美元
