Tether has released its third quarter financial report, reporting its excellent success ($2.5 billion net profit).
Source: Tether
Well, I am not surprised, nor am I excited about such a development from a crypto company. Because Tether is worthless, it keeps users away from economic freedom.
Tether's Air reserve
Tether mines tokens from thin air based Reserve; this might be done in a corrupt way. Now look, Tether, which has mined 1B USDT several times, has a net profit of only $2.5 billion. Tether as a stablecoin is still boasting of holding $102.5 billion in the US Treasury bonds.
Policy of supporting US pressure
Tether freezes anyone's tokens on US orders. Due to this, unnecessary sanctions have been recognised in the crypto world. If the US government has any differences with another government, even in the so-called borderless Cryptoverse, innocent citizens of the banned country lose their rights.
Not My Tether
The crypto industry to support Tether; USDT is the largest and most used stablecoin. However, tether is unsuitable for economic freedom, yet it is up to the Cryptoverse to decide whether or not to embrace economic freedom.
