Tether did complete audits. The results are mixed. They have a mix of treasuries, junk bonds and cash. Definitely not as risk free as they should be, but not t

Tether did complete audits. The results are mixed. They have a mix of treasuries, junk bonds and cash. Definitely not as risk free as they should be, but not to the point where you could call it a Ponzi. Overall a global move to another stable coin would be good, but it takes time. A state managed stable coin backed by the BCE or fed would really help.