Tether will mine Bitcoin using renewable energy in the country of Uruguay. This is after last month saying it will invest portion of its profits in Bitcoin.
It is for reasons like that I trust this stablecoin. It has new ideas and giving back to Bitcoin. https://finance.yahoo.com/news/tether-start-mining-bitcoin-uruguay-024131625.html
The stablecoin has contributed largely to this industry. But that doesn't mean it's guaranteed to last forever. Since Tether is tied to the USD, anything can happen. Would you imagine the USD losing its position as the reserve currency of the world? That would cause the USD's value to plummet, as well as, stablecoins pegged to it.
One thing for sure is that Tether is issued by a private company without the backing of the US government. Why would investors' funds be safe from harms way into something like this? The same can be said about USDC, and other stablecoins on the market. Fortunately, USDT has held its peg even during the worse of times. Who knows if it survives in the long run? Just my thoughts
