Exactly. I was updating my comment as you posted this. The party stops when usdt needs to be defended. And they need to use either their usd reserves or any btc

Exactly. I was updating my comment as you posted this. The party stops when usdt needs to be defended. And they need to use either their usd reserves or any btc they have from selling usdt/btc to hold the peg. Or they can defend it by selling bonds. We mat see bitfixes tying to write loans in cryptos. Or literally just steal from people. They have a lot of customer accounts they can raid "temporarily".