You're right. The team has not even disclosed its price to remain $1. Here are a few points to look at the other side:
- 20B circulation with nothing backed
- No proof of funds either
- Banking partner on the Bahamas
- Lawsuits are pending
- No physical operation location
- Without any regulation
- Prints n x USDT like feds
I am worried about my funds in USDT. I think I have to move to USDC or BUSD.
I don't think Tether team are stupid enough to claim they have $20 billion tokens without having anything to back it up. I believe they have some stash in Billion of USD but not 100% sure all the Tether tokens are backed. Where do you think the money used to pump BTC recently comes from or it was just pumped with air, this is the question you need to ask yourself
You think? We are going to enter 2021 and there is a wide acceptance of something known as "proof". They can't admit if 1 USDT is backed by 1 USD.