And neither should Tether. If any meatspace bank was found to be doing that they would be raked over the coals by the SEC but it doesn't make people trading in USD suddenly worthless.
> If any meatspace bank was found to be doing that they would be raked over the coals by the SEC but it doesn't make people trading in USD suddenly worthless
Lebanon’s central bank was found to be engaging in funny business. Its currency crashed. Tether is akin to the central bank of USDT, not another player in the system.
