#Which leading token of public chains do you favor?

Tether's market share has exceeded 75% of the entire Stable Coin market, which has raised concerns about Tether's influence on the encryption industry. Justin Bons, founder of Cyber Capital, is worried that Tether may be a bigger eyewash than FTX. In a post on X on September 14th, Bons wrote: Tether is one of the biggest threats to the entire Cryptocurrency. Because we have to believe they hold $118 billion in Collateral, without providing any evidence. Even after the CFTC fined Tether in 2021 for misreporting reserves. As early as 2021, Tether was fined $41 million by the U.S. Commodity Futures Trading Commission (CFTC) for falsely claiming that USDT was fully backed by reserves.
IDA Finance co-founder Sean Lee stated that while FTX's collapse was due to its inability to cash out $6 billion in large-scale customer withdrawals within three days, the potential collapse of Tether is more related to its banking partners