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USDT (Tether) is IOU and bitUSD is Market Pegged Asset

source: https://tether.to/legal/

more info about bitUSD you will find here:

https://steemit.com/bitshares/@xeroc/what-makes-the-bitusd-than-nubits

Look also for something about HERO ( it's like bitUSD with 5% apr)
https://steemit.com/trending/hero

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Thank you fractal. It looks like a very good argument, but isn't this kind of wording standard for the bussiness? I remember reading whitepapers with similar information, I understand it is because failing to add a disclaimer than this, would put the devs at risk of legal action or regulation, is this not the case?