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.
i have feel the same with this dude, their dev wont expose it because they actually havent it 100,%. So far investors in market want get this explanation from usdt owner to make sure crypto space Will secure from any fud. Its been for long term and we actually Will facing night mare by usdt.