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.
The reputation will become the main bet to proves the regulators about the reliability from the tether as a company that provides the stable token. People are also having the same question for tether about the reserved funds. If tether has guts and then it will proves it to the regulators and people who feel doubt about how many real reserved funds that owned by tether. This must be transparent.