https://www.encouragingangels.org/new-blog/2022/4/8/bmvproi6g79ypruxm2itwzp1hy6jz0

To get into the cryptocurrency game in most cases (unless you do a person-to-person swap of cash-for-crypto or buy crypto at a crypto ATM) you have to move cash from the banking system into one of the numerous cryptocurrency exchanges such as Binance, Coinbase or Kracken. You establish an account with the crypto exchange and give them your banking information and then authorize the move of cash from your bank into your chosen cryptocurrency exchange. A cryptocurrency exchange is a warehouse for cryptocurrency. That means those funds have to go into one of the bays in the warehouse named for a specific cryptocurrency. Of course when moving cash, you want your money to go into something ‘stable’ before you choose which crypto(s) you actually want to own. That landing pad, 9 times out of 10 times in these exchanges is Tether (typically known on your exchange as USDT).

. . . The real question that I am raising today (I’m not the only one by the way) is: Does Tether fulfill the definition and expectation of a ‘StableCoin’, or does it fall short to the detriment, disservice and handicap of investors, banks and even the worldwide economic system?

. . . Do you see just how easy this devaluation of a ‘StableCoin’ can happen? How close are we to revelations about the fate of the mammoth Tether? Are we on the precipice of a major monetary collapse because of the deception of one company intricately intertwined in world markets? Deception is -never- a trait worth considering when contemplating where to put your money. Tremendous counter-party risk exists generally in the financial markets today. Only tangible assets (bought with no leverage) that you take possession of may save you from counter-party risk. You have been presented some information today and now the choice is up to you.