Stablecoin Issuers Be Warned: New York AG’s Arm Is Long

[Riya143]

New York’s State attorney general has wide latitude to investigate a foreign entity like iFinex, said a NY appeals court.
A New York State appeals court affirmed on July 9 that the state attorney general’s fraud investigation into iFinex et al. — i.e., iFinex, Bitfinex and Tether Holdings — could continue. Whether that probe will result in litigation against the company that issues Tether (USDT), the world’s most widely used stablecoin, is anyone’s guess, but if it does, it might promote a more regulated stablecoin industry.
Read More: https://cointelegraph.com/news/stablecoin-issuers-be-warned-new-york-ags-arm-is-long

[kent47400]

It should be like that because the name Tether is 1: 1 with USD, so there must be a legal statue to protect the validity of the price of the coin.
Do not let this Tether continue to be printed just like that and eventually it will make inflation for the Tether proficiency level.

I admit I also do not understand the creation of Tether just like that (as written by WhaleAlertBot in Telegram), is there anyone here who will explain this problem to me?