Who really needs this thing? Anybody that is able to use EURt is also able (and even more inclined) to use Bitcoin. EURt is like offering a transportation service where passengers sit in horse buggies that are loaded on pickup trucks. That makes no sense at all.
Omni Layer is in fact the rebranded MasterCoin protocol. The founder of MasterCoin, who contributed no real work to the actual protocol other than an amateurish whitepaper made a nice cut by dumping his coins after generating a hype around it - even before an usable implementation of the protocol was available. Now he has effectively disappeared.
ya.ya.yo!
Imbecile.
What if you want exchange rate protection? When Bitcoin falls 20% in one day, USDT falls 0%. There are 101 more uses. That is who needs this thing.
JR didn't disappear, didn't hype, and didn't profit. You have no idea what you are talking about. Management of Omni was not ideal in the beginning for sure. But, the coders continued to build a really nice strong platform.
Many good alts are built and traded on Omni today.
But forget about Omni, this is about Tether. TetherUSD has done really well over the last two years, now trade over $1,000,000/ day. If Tether Euro gets up and running, it allows a very new EUR/USD channel directly on the blockchain. Unless you are a financial null, you'd know right away why this is extremely valuable. That is a shitload of traffic done every hour. If you can do it without fees, there is real benefit. Tether will be HUGE in less than 12 months.
Go back to playing with your 'crypto-games'. This is something even morons can understand.