It's not supposed to make any sense. USD or Tether, you have to trust the issuer to maintain the value of the asset. Doesn't take much for confidence to tumble like a stack of cards if the market decides that there's too much uncertainty in your asset. Nothing's stopping you from creating your own centralized crypto and pegging it to whatever you feel like as long as you can convince people you have the underlying assets to maintain solvency. Tether claims to have nearly 70 billion dollars in assets so whoever wishes to put any of their funds into Tether better hope that those assets are real.
so pretty much this world is clown world and we live in a time where our money doesn't make sense. Got it.
Long Bitcoin , Short the bankers.
