I thought so. I purposefully bought ust rims to avoid faffing with tape. I have mavic 819’s and 823’s which have no spoke holes or tape and have both been brilliantly. As much as I tried to avoid buying rims that need tape I also have some stans crest and some light bicycle carbon rims that I have taped with one wrap of proper stans. These have both been fine but I still prefer the proper ust. I think the better bead sealing makes for a better seal that doesn’t rely on sealant which in turn means the sealant last longer.
I keep reading about people’s success and equally failures with insulation tape and other bodges but never fancied trying it. Stans tape is hardly expensive and seems to work fine for me.
Edit: although the link above does say that some rims do use tape so just ignore me again.
The last attribute of a UST rim is that it must be airtight, which
means that any spoke holes must be fully sealed with tape or plastic, or the rim bed is
left intact and not drilled at all.