USDT is primarily backed by RWAs. These assets including $3+ billion worth of precious metals (like gold) and $53+ billion in US Treasury Bills. Now they're looking after investments in RWA of various sectors, such as BTC Mining (Tether Energy) and Gold for the 'Alloy Tether" (aUSDT) and platform for asset tokenization. Such as stocks, funds and bonds.
While that is a good thing to keep the confidence on the Tokens, the FUD is that it's being delisted from Europe's Exchanges due to compliance problems, so they're mainly being eclipsed by Circle's stablecoin USDC.
Also, Circle is setting it's feet in Brazil and they already are in cahoots with the biggest investment distributor of the country (BTG Pactual Bank) Show Less
