Tether centralized?

80% of Tether in 300 wallets...

As crypto gets more used there will be more people owning the crypto. Btc is a good example. Many whales holding a significant amount of coins in circulation. The amount of btc wallets have grown since and more distribution of btc.

Will there be something similar that will happen with tether? Hard to say when the crypto amount in circulation is not fixed. Furthermore the stable coin has no real function besides being stable! There are many other cryptos that can do this.