Tether is most "Stable"currency in the crypto world, if USDT depegs, the crypto market will crash even more, which is exactly what the anti-crypto community wants.
The Judge-Ment
Judge Feilla granted relief to iFinex from racketeering charges levied by the New York Attorney General in 2021. It is now being considered whether or not there are enough US dollar reserves to support USDT as a stablecoin. Tether has already submitted all its documents to the Attorney General, on the basis of which the judge has told them to present records in court.
The Thought
Tether is the most popular stablecoin, but it has opponents not only in the anti-crypto community but also in the crypto world. Tether just has to prove itself, otherwise, USDT might depeg forever, and other Tether stablecoins will also depeg in the market.
