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RE: Making sense of the Tether situation
Mitsubishi Bank is introducing MUFG in March as a stable coin. They have the backing, assets, and recognition to actually succeed, unlike Tether.
Mitsubishi Bank is introducing MUFG in March as a stable coin. They have the backing, assets, and recognition to actually succeed, unlike Tether.
Had Tether been more transparent I think they could have pulled off going from nothing to bank of the world. But now they have apparently parted ways with their auditor so not looking good.
I look forward to someone stepping up to have a truly stable coin.