I used to use USD tether all the time and still using it for trading purposes and liquidity purpose but recently we have seen a FUD or may be truth that SEC may have issue against them although they clarified that they are running it under registered business etc etc. Is tether risky from that purpose? Even if SEC warrant something like XRP, what will happen to Tether?
What about another alternative stablecoin?
Under the terms of the agreement, Bitfinex and Tether do not admit wrongdoing, but will pay $ 18.5 million and submit quarterly reports describing the composition of Tether's reserves for the next two years.
Contrary to online speculation, it has not been established that Tether ever issued [USDT] without support or manipulated crypto prices.
But this is still a big blow to Tether and I hope the consequences are not catastrophic, because it is definitely one of the best stablecoins for me.