They could although it's more likely, given their own pie charts, they didn't receive any US dollars for printing their coin over the past 1-2 years and instead loaned (i.e. commercial paper) USDT out. These loans are also significant in that they put Tether in the top 10 commercial paper holders in the world, but not significant enough for others in the top 10 to know about them or do any business with them.
You just reminded me how long it has been since I had to deal with this. Conference room group video conferencing is one of the most frustrating things about office work.
You're right and your approach works well for all the mostly static content. The tools above are useful if you want to enable things like authentication/gated content, e-commerce etc while also having some static content.
It's important to know that WordPress can be used as a headless CMS. There is active work in that area with plugins like WPGraphQL[0] and frontend frameworks like Faust.js[1]. So you don't _need_ to leave WordPress in order to use some of the tools and gain the scaling benefits of JAMstack.
Yeah I definitely don't disagree with you. The backing can change over time, and I linked to a tool that programmatically checks the backing of DAI so that's what I quoted.
In Tether's case they are backed by almost no USD and mostly short term loans to undisclosed entities... I do not think Tether is legit, and USDC is questionable as well. Without third party auditing it's hard to trust any of this stuff.
My original response was trying to highlight how DAI is mostly made up of USDC (at this time), and USDC is a direct competitor to USDT. So in what world would it make sense for USDC to bail out USDT in the event USDT is revealed as a total fraud.
DAI is backed by USDC, and USDC is a competing stablecoin. Why would a competing stablecoin want to use their own reserves to redeem USDT for you? I don't mean to be antagonistic here, but there is no safe and steady off ramp for holders of USDT if it is found to be a scam. The value of USDT will collapse, and anyone holding it will have to take a 100% loss. The only way to remedy that would be in the form of some sort of bailout from some other entity, but I don't know how or why that would happen.
I do agree that crypto has been through some issues in the past and has recovered, and I'm sure in the long run it will recover from a Tether collapse as well. In the short term the market will take a significant hit, and many of the exchanges that deal heavily in USDT could collapse because of a lack of liquidity.
I don't know if this specific auction is listed, but on the whole the auctions are generally the same. There are two types of Auctions: Simultaneous Multi Round (SMR) and Clock. The rules vary between those two Auctions significantly. SMR auctions are an older model, and clock auctions are more common in recent years, though SMR auctions are not completely dead.