> If there was some massive sell pressure it would go under parity fast. This isn’t necessarily true. Tether could use their reserves to buy up the demand and

> If there was some massive sell pressure it would go under parity fast. This isn’t necessarily true. Tether could use their reserves to buy up the demand and keep the price stable, all the way up until they run out of reserves (I think it’s uncontroversial that they are not 1:1 backed by USD now, right?)