I definitely don't trust their auditor, they're based out of the cayman islands and don't have the best reputation. https://www.coindesk.com/markets/2022/01/26/tethers-new-acco...

It's funny because this is pretty trivial stuff to audit for a 3rd party, yet they only open their books to a private company of their choosing with questionable background. It's obvious what's going on. This is the biggest issue with crypto traders, they're too damn gullible as long as the news fits their agenda.