Ask yourself this, where's the proof of any backing? Where are the journalists questioning USDT's holdings? The true state of obliviousness in crypto is still baffling. Despite billions of dollars and repeated offenses by countless wolves over the past 10 years in all of crypto, no one bats an eyelash at the lack of any evidence from the largest stablecoin.
A little impressed by what you wrote because it's true that I personally also never realized this for the last 10 years where I very often use USDT in terms of storing the amount of assets that already exist and also very often use it when buying on the exchange I want. So for now who knows about the lack of evidence of the biggest stablecoin?
USDT will become the biggest scam in crypto history, bigger than XRP by 5-fold. The day of reckoning will arrive soon enough. Maybe a few more years before this speculative prophecy comes to fruition.
If these speculative forecasts come to fruition it will certainly be catastrophic for those who like to hold and use USDT in everything they need.
Although at the moment I still like USDT, but in the future maybe I will switch it to another stablecoin if the evidence you are referring to has not been found.