On today’s episode, NLW breaks down the final settlement of the New York Attorney General’s case against Tether. He argues that the outcome is extremely positive for the industry, discussing:
Why Tether risk became a major source of FUD in 2021
How conspiracy theories overtook legitimate concerns
The history of the NYAG’s case against Tether
Specific findings of the NYAG’s case around two times that Tether was not backed 1-to-1 by U.S. dollars held in Tether bank accounts
Why there was never any accusation of Tether printing USDT out of thin air to manipulate markets
The specifics of the settlement
Why this conclusion clears risk from institutional investors
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