Sounds exactly like being put over a barrel. Must grease a few palms of the NYAG every now and then if USDT wants to stay in business. Even JP Morgan gets their hands slapped as a fine becomes a cost of doing business. The NYAG must be seeing this as a cash cow for now until thier Handlers decide to pull the plug.
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And ofcourse they benefitting from retail and investor money removed from the trust to pay fines and if it does get taken down only retail gets hurt we the only ones without insurance and protection not like these exchanges holding USDT will be hurt
I don’t know why people think tokenising a dollar makes it any diffent same trickle up economics as always
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