→Risk Assessment of staked USDT (stUSDT)
stUSDT lacks disclosure of reserves, custodians, and third-party attestations, with uncertainties around the legal validity and transparency of its custody agreement with JustLend DAO. Operations are managed by anonymous EOA accounts, contracts are unaudited and mostly unverified, and there's high concentration in wallets tied to Justin Sun, raising smart contract, operational, and counterparty risks despite targeting low-risk short-term government bonds.

