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ONCHAIN POTUS
@onchainpotus.eth
Corporate Stablecoin USDT has 2 critical bugs: 1. Zero Community: Tether(USDT Issuer) earned over $10B/Year BUT shared zero financial upside with the Community. 2.Stability Risk: The Reserve of USDT is questionable. The Reserve is off chain, reported quarterly & can be modified at any moment by the Directors of Tether.
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ONCHAIN POTUS
@onchainpotus.eth
Indeed, USDT is United Stablecoin for Directors of Tether. It has the advantage of Network Effect. But new Defi Primitives in DEX(Uniswap V4) and Lending(Morpho Blue, Euler V2,...) are creating new ground. Many Network Effects of USDT are falling.
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