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.
Such USDT is really a big good news for the owner.If all his reserves are explored and he shows them willingly and if there is no deception in him, he will become stronger.People will have more confidence in him and he will gain more popularity.
It's not all of people will be confidence with it since tether reserved funds have not yet revealed to the public. that's why government wants public to know how many reserved funds owned by tether.
This to make sure public will got accurate data and they can determine whether that's good to hodl tether or not. I hope tether wanna follow an order from the court