Posted one and didn't came back. I bet he wont be reading any comments here anymore.
Or he could have been pulled by some ICO already to try how much of an expert is him.
But still why want to create something like Tether? It is like an escape pod for whales and you are just helping them.
It could be one of the reason why value of every coin and tokens have been dropping cause whales can now play in and out using Tether.
Don't like the idea. Go to bitcoin platform instead.
I understand what you're saying but for crypto to become mainstream, it HAS to apply to the real world. No one is accepting BTC because it's too volatile.
I disagree about whales, they can easily cash out to fiat (there's $billions being traded in OTC) if they want. But it's the average investor that is stuck if they want to take their gains out to actually use them for something because coinbase limits them to $1000 a day!
A solid stablecoin helps everyone because it brings more credibility and use to blockchain. People can use the stablecoin for real world payments, and invest in BTC as a store of value/inflation hedge etc