The big problem of Tether Stable coin Tether is often criticized for its Bitcoin price. The criticism has risen especially in the last months, when Tether representatives quietly gradually removed USDT coverage claims to the US dollar. The current company guarantees the coverage of the USDT in its conditions by means of non-specified bank reserves. According to many critics, this is the reason for their distrust of the USDT. The company's current financial health and financial flows are not conducted in a transparent manner, which also does not contribute to the credibility of the USDT.
After a series of many allegations of insufficient cover for the USDT, Tether is under the constant supervision of the US authorities. Currently, Bitfinex has to explain its financial flows after being accused by the Attorney General of New York that the company has lost $ 850 million to Tether customers and was intended to cover it. These funds were sent to Crypto Capital Corp., where they were blocked.
What do you thing aout Tether?