Thoughts on Tether's new audit report & HUSD losing its peg?
Tether recently got a new accounting firm to oversee its asset reserves, probably aiming to calm down the storms regarding its reserves (or lack of them?)
They reported $66.4B in asset reserves and holdings, also reporting that Tether’s cash and bank deposit holdings rose by 32% in the period.
With all these scares regarding Stable coins like the UST crash, and HUSD losing its peg and going as low as $0.85 cents, What do you think the future is looking like for stablecoins?