I read online that A US court have ordered USDT owner Tether to disclose the reserves backing its stable coin, this is the largest Stable coin in crypto space presently and this doesn't sound like a good news to me, is this the great crypto collapse in play or I am just think way too much? This freaks me out.
I think this is good news, because there is some confusion about the background of USDT ie Tether. I think if they clear it to the public as ordered by the US Govt it will shed its shadyness and emerge stronger. On the other hand, if they don't present the right information, I think any restrictions on them will hurt the cryptocurrency a bit.