Is Tether a Collateral Backed Stable Coin?

Cory ded: Tether is ferent beasts than luna in terms of its being a collateral backed coin. But it's been, for a long time, thought to be that the big black swan event for bitcoin was if a us d t was found not to have the actual backing that it says. Cory ded: Is there stuff that people are keeping an eye on to understand how much a clatteral is really backing tether? Because as big as us, t was, still was nowhere close to the market cap of tether. Lyn he wrope firstsan alenoneed umute, if your trying to talkright lynd, may have had to stip away

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