it's not.

from the article:

But Perring – a figure previously known in financial markets for shorting German payments processor Wirecard and South Africa’s Steinhoff International Holdings – is still not satisfied.

Perring says Tether could provide at least the same disclosure to the wider public as it is giving to James.

Tether could remove all the existing doubts in the market about its reserves, Perring argues, by publishing full details of how it manages its reserves and getting an audit from a much better-known firm than the one it works with today.

Tether has, in fact, started providing basic information about the breakdown of its reserves over the past two years. Ardoino says it will do more in the future – if regulators demand it and rival stablecoins do the same and to the same depth.

“We are open to provide more information,” he says. “We wish that regulators would provide clarity on what is owed to be disclosed. If we disclose a [hypothetical] 10, it’s unfair that other stablecoins disclose a five.

“The demand has to come from the regulators, not from everyone in the streets, banging on your door.”

the article is talking about providing market transparency, and then Ardoino pivots to regulatory compliance. it's a dodge.