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, will be trending and make many people do not hesitate to store assets in USDT, although stable coins, of course, many people think that the stable coins are safer, I also hope there is a currencies project other than USD so as to make cryptocurrencies users increase dramatically.
yes you are absolutely right, if USDT exposes and explains about it in the media,
then I am sure investors, traders and all actors in the crypto world will be very happy and safe,
because USDT is able to provide an explanation of this important thing,
but remember if they avoid it then we have to get ready for something bad to happen, well hopefully not.
Investors will surely seek an explanation and if they wouldn't provide further explanation, it will only make them doubt about USDT. They must always make their investors feel secure to keep them or else they will lose their trust. They also have to make sure that certain changes won't affect the status of the coin negatively so they wouldn't back out. If the said coin would be handled and regulated by the authorities, they should assure that it will run continuously the same way.