The problem with Tether

The crypto coin whih is tied to the dollar and should be easily verifiable is not working, or the owners are dping something else with it. You go look it up, I will tell you how simple it is.

Any dollar peg is visible.

Have the banks post the Tether dollar amounts on the tether website, along with tethers emitted.    The fact that it is so simple boggle the mind that any dollar peg to crypto would be anything but, and certainly not like tether which does not have recent audits.

Let's create the dollarCoin

 A perfect peg is  a protocol wrapper for the bank transaction protocol.

But, you do not need an exact peg, make a three percent peg, then let the dollarCoin get a bit out of balance, negative matching error, dollarCoins emitted and not completely backed up. The same principal applies, have the banks post the account balances, make them observable.  Then let your dollarCoin owners trade chunks of dollarCoins, and markewt maker maintains the 3% as market bound.  Because, you web site can post the buy and sell book!, or put everything in a language the trading bots understand.  In other words, Tewther should be simplle and visible.  And it follows, than any vractional reserve can be visible and simple.