The only thing the NYAG revealed is that Tether was backed one to one before 2018. They moved on them as soon as it wasnt true. People thought it wasnt true for

The only thing the NYAG revealed is that Tether was backed one to one before 2018. They moved on them as soon as it wasnt true. People thought it wasnt true for all of Tether’s existence including years before 2018. I’m glad there are alternatives, at this point I don't really care as like I said: its merely ironic that the crypto market has the debt and leverage of the traditional markets having been made as a response to the debt and leverage. Just chuckle and move on, thats the entire response applicable. The only activism would be about wishing for more transparency, and routine third party audits, but there are alternatives. It isnt controversial to me that it could shake confidence in the market in a Tether redemption liquidity crisis. Its just not different enough. Stage 5: acceptance.