Tether is a time bomb that will eventually cost a lot of people a lot of money. The shitcoin of shitcoins💩 . How often have states and companies claimed that their money was "covered" until it was "suddenly" uncovered? Someone once wrote something about it...:
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts impossible." 🤔