I am concerned about this issue, whether the banks have enough money to guarantee the amount that tether has printed in the past. Increasing the capitalization for tether from $ 10.6 billion to $ 15 billion in 4 months is a snap. Need an audit for the tether.
They have been avoiding audit all this while. According some articles I read, tether is not fully backed by the usd reserve on Bank, just like 70%.
Thr real question is, what will happen when the Federal reserve want full auditing of USDT?
Will that affect the price?
I sometimes brainstorm how individuals or institutions mint 300 million of Usdt sometimes, thats risky.