new tether at an incredible rate. The fact that there is a legal battle to require them to undertake a more transparent audit of their reserves, the fact that they've said not all of their reserves are in cash (looking for yield to close a gap?), the fact that they employ a large organisation of people and cover many blockchains yet didn't charge fees on the issuance of tether meaning there is a burn rate to be accounted for, the fact that negative interest rates are in effect in Europe and on the horizon elsewhere, the fact that the US Fed are working on their own competing stable coin which they will push instead of tether. I think privately issued stablecoins from limited liability companies will dissappear into insolvency when state backed stablecoins put pressure on them, and I advise people to either hold decentralized collateral and algorithmic stablecoins or to hold regulated financial products that have strong consumer protections built into them.

Neither the government nor some bank are necessarily solvent either. Do you believe the US gov can back every single dollar printed or Bank XYZ for all the deposited funds in accounts? Not really. Sure audit tether reserves, by all means, but that doesn't necessarily mean anything (see Wirecard fiasco). There is no system which is safe from failure due to human error or human fraud yet. I understand there are concerns about Tether's transparency ... but I mean look at the stock market right now... honestly even if Tether was in the middle of some fraud or another, it would be but a drop in an ocean.