Hmm seems you are not a believer in Tether.
The fact that Circle ran and submitted an application to comply with the banking laws shows they are likely operating on the up and up. Doing that opens them up to audits, something they are obviously not fearful of.
Those behind Tether, I am sure they are going to fight it to the very end.
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They're just very different assets is my point here. Under different conditions each may have advantages.