usdt tether market cap grows from 4,6 billions to 10,800 billions from March 2020
For last week - when btc jumped from 9 000 to 11 000 - tether issued 800 millions usdt
Do you think tether really has fiat for backing this usdt?

Thats Why USDT beats Ripple in rank number 3 position for couple of times because of this Big Capitalization in which brings The currency to permanently
took the rank 4.
But i am not into Stable coin and i don't know why,i felt like i have nothing to expect in this type of Currency when i can just Buy none stable coin and make money in sooner time?
August, 29
usdt
Total Assets $13,458,090,864.97
From July, 29 - was issued about $2,700,000,000

But that was not CMC says?
https://coinmarketcap.com/currencies/tether/But maybe sooner we don't know since USDT is gaining support from Businesses these days.
Since USDT or tether isn't officially backed by the same amount of USD as they are printing USDT, so businesses are loving their approach and want to learn how they are keeping the market stable and yet printing so many tethers, this is complete centralization of money that Tether is doing and maybe we would need an alternative for this problem as the day isn't very far away when we can get exit scammed by the tether foundation or maybe censorship might get imposed on us, we should promote the use of alternatives of tether so as to make the playing fields equal.