Stuart concluded stating, “Ideas which change the world are frightening to those who benefit from the status quo.

Fear — of change, for their positions — is motivating some to attack and try to mislead the crypto community. Rather than live in a stolid world where we ask how we can keep things the same, we are pushing to think differently and ask how we can do better and continue to make progress.

Stuart Hoegner, in his article on “Tether is setting a New Standard for Transparency — And Responding to Criticism that is Untethered from Facts” covered for different facts like:  Our attestations prove once and for all that Tether is fully backed.  Our settlement with the New York Attorney General’s office should be seen as a measure of our desire to put the matter behind us.  Our reserves breakdown offers suitable transparency into Tether’s reserves. Those who are willing to know more to have an exhaustive glimpse of the facts should check the Medium article.

We will not change the minds of those who refuse to open them. But that is not our goal. But we will meet fiction with facts, as we strive to set a new industry standard for transparency.

We believe choice is a right, and we will fight to offer financial options to those who seek them. Just because a small group has decided not to embrace our offering does not mean they should make that decision for all, or use misinformation to try to mislead others. Our goal is the choice and autonomy they seek to deny, and the harder they fight, the more firm our resolve in both words and actions.

Our customers, stakeholders, and the crypto community have shown they support this new way of thinking. The world needs and deserves more new ideas and innovation now more than ever, and we are proud to be a small part of the change that is needed and happening.”

Irrespective of the transparency or the reserve thing, it now goes like Tether is a new way of thinking! And, we need to be a part of the most needed change.

Recently Tether announced:  We’re pleased to announce that Tether tokens (USDt) will be available on Avalanche, an open-source platform for launching highly decentralized applications, new financial primitives and new interoperable blockchains.”

Thus, now Avalanche will be a part of the DeFi Ecosystem.

Also, Tether coordinated with a 3rd party to perform a chain swap (converting from Tron TRC20 to Ethereum ERC20) for 1B USDt (in 2 txs). Further stated, the Tether total supply will not change during this process.