they just issued it and because of special rule for USDT its treated as actual dollars, this group is inflating the prices of bitcoin eth and doge this way
i follow this person Ben Goertzel a little bit and he says another kind of technology works better overall; youtube.com/watch?v=GCnJwTWN47E
IMO there is inflation and a black market supporting legacy cryptos right now and that it is an unstable investment, should drop sharply and suddenly eventually
Even if it is true that only a fraction of legacy coins value is backed by real assets , they might still be the best possible position over time but it would be for stupid reasons, corruption basically. I want to bet on ada cuz of singularitynet and xrp because my friend keeps telling me so.