If Bitfinix and Tether don’t self implode through their fraudulence, there is also a chance that the US Gov will shut down USDT because they don’t want a psuedocrypto currency backed by a national government’s currency
Any thoughts?
I think that the US Gov will have to pull some really long strings to bring down USDT as they are not headquartered in the U.S., yet, the USDT in crypto space has had me suspect from the start, many crypto as pegged to the price of btc right now makes sense but a crypto peg to dollar does not make alot of sense, not sure how a bank can make a profit from it, my hopes are that the exchanges I use have protected themselves from the harm USDT could possibly cause them, I will say here that some early crypto adopters have warned against using any exchange that has USDT on it, although I see no harm in the tether cause it neither takes from the dollar or gives to it.