Quote from: little Phil on July 02, 2018, 02:35:39 AM

Hi Everyone,

Just curious what your speculation would be on the future of USDT. I know there has been some controversy as to whether they actually have the 2.7 billion odd dollars they claim are pegged to each USDT. I know it may be a long shot but do you think with banks moving into the cryptospace, that there will eventually be a system similar to how banks do fractional lending so in effect they would only need 10% of USDT value in actual USD?

It looks like there is an announcement about that and it seems like every tether has backed by each USD. This has stated by the lawyer of tether. I thought that the banks are only interested to move into the blockchain system because they can reduce a lot of operational cost.