fundamental problem with Tether: the stability of the currency is determined by the actions of a privately-held company — a middleman, so to speak. Without the Tether company, the Tether currencies would collapse. This runs counter to the spirit of blockchains and cryptocurrencies: the technologies should be able to run without human intervention, their future should be democratically decided, and they shouldn’t rely on the trustworthiness of a small group of people.[520]
