I expect they will continue to get obscenely wealthy off interest payments on their US Treasuries; Others have forecasted for many years that they will collapse to zero.

https://www.investopedia.com/stablecoin-issuer-tether-report...

Tether has huge trust issues surrounding it, and might be little more than one of the greatest pieces of financial engineering in history.

The best place to learn about this is Protos.

noone knows, but the real question is why any govt hasnt done any significative investigation or attack on tether? the only explanation i see (from the US pov) is that they actually collaborating in deeper investigations so they let it coexist, otherwise it makes no sense how legitimated it is knowing that it's pure fake money and it's not backed up at all

bitcoin wont be real till tether dissapears

We know that Tether is sharing information with law enforcement in the US. Maybe intelligence also.

What about this one? https://www.cftc.gov/PressRoom/PressReleases/8450-21

It's backed on air. Not even hot air.

So I should not believe attestations by third parties because they are all lies then? https://tether.to/en/transparency/?tab=reports

I guess that would be not much different than Moody's lying about debt ratings prior to 2008.