The fact the NYAG settled for $18.5M is as concrete as it gets. If there were more wrong doing than a frozen bank account, why would NYAG settle with no wrongdoing admitted?
A whole bunch of very guilty companies have settled “with no wrongdoing admitted”. That’s entirely standard. If that’s your only evidence of turning things around, ooof.
Clients have successfully redeemed 10% of outstanding USDT, which happens to be the fractional reserve requirement for major US banks. Evidence they are at least as liquid as any US bank is required to be.
https://www.investopedia.com/terms/f/fractionalreservebankin...
Tether is nothing like Bernie Madoff (not an investment or path to riches) and everything like a state issuing currency. As long as the core constituents have a stake in it (the elite exchanges), then it will go on with out issue.
The risk to Tether is not default, a but an attack.
