has concentrated on ust. The difference is that ust is actually backed by terra. What is usdt backed by?
                  
                  
                
From what I heard (could be wrong) only 3% of actual cash reserves. The rest are all invested in multiple pools of all sorts etc
 CypherPunk78
                          
                        
                      
                    
                    
                    
                    
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                          CypherPunk78
                          
                        
                      
                    
                    
                    
                    
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                  They have never been audited, it is only what they claim to be.
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