Lets talk about tether.

So with many big crypto exchanges going under because of the FTX BS. Why aren't more players in the space pushing to either once and for all see that tether is gets itself fully audited and proven out, or see that tether is taken out of circulation as the defacto major stable coin for many surviving exchanges?

Binance, Coinbase, Kraken, etc... all the major exchanges all have major positions in Tether and since I have joined crypto I have heard nothing to definitively prove that it isn't just a fake money printing machine backed by piles of promises and shit. At some point in the future there is likely going to be a reckoning for Tether, and after seeing the events of the last couple months I am not sure why exchanges. or just crypto traders in general would want to risk holding that time bomb especially when there are alternatives.

Anyways just my 2c Good luck to anyone still holding on in 2023.