Comment by csomar

Though I'm not sure why so many people were hinged about Tether (albeit the average solidity of its peg meant it's legit); the positive effect of this is that we now have lots of different stable USD coins: Coinbase, Gemini, TrueUSD, Binance all have stable coins with a total cap of over $1bn. Sure it's much less than TetherUSD $6.3bn but it's roughly 16%. Much better than the total monopoly of tether two years ago.