Jono Spears on Nostr: Can someone explain how Tether #USDT isn't exactly the same thing as a central bank ...

Can someone explain how Tether #USDT isn't exactly the same thing as a central bank digital currency (albeit by proxy)?

Because from where I'm standing, it literally is.
Complete with blessings from the US Govt, the Treasury, the CIA, and the FBI.

Sorry Paolo.