I'm not really sure what you're getting at here. If you're generating income but arbing stablecoins, then you know exactly what I'm talking about. I can say with near certainty that you have never, and never will, directly mint or redeem Tether...which proves my point.

> This is why I know that USDT has actual real utility and it is currently best instrument in its category.

I don't disagree at all.

> If something goes horribly wrong for USDT it is going to be due to incompetence and not because of some long term planned con.

You can't be serious...