RE: Should You Worry about Tether's Unregulated Minting?
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Great post! As you said this might not ever be an issue, look at the US dollar it is no longer backed by anything other than trust and they keep printing it at an insane pace. Either way I don’t like Tether and I avoid it at all costs. USDC seems to be the best option.
If tether goes down we will see a MASSIVE drop in the crypto markets in the short / mid run.
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Thank you. BUSD also seems to be a formidable foe to USDT in terms of volume but not market cap. USDT was the first stablecoin and the first stablecoin to be cross-chained with all the popular blockchains. if BUSD goes on to do the same, it might just be able to trump USDT.
I'm gonna sidetrack a little here, but the way Binance handled their business model is nothing short of ingenious. The way they created utility and capitalized on the both the atrocious fees of ETH as well as the DeFi craze is amazing. If Binance manages to peg BUSD as the reliable go-to stablecoin, USDT's days might just be numbered.
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