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I call it again and again and again :tether is the fed of crypto

It's worse. At least the Fed is checked to some degree by Congress.

Tether is outside of the control of any goverment. It's just another faceless shell company.

> At least the Fed is checked to some degree by Congress

I believe you have it the wrong way around.

Nope.

The Fed's powers come from Congressional legislation, and the Governors are Senate confirmed. They have substantial power over the Fed.