Thanks, that is very enlightening. So Tether are all about maintaining the apparition of a 1:1 backing of USD to USDT. It's the lynchpin of the whole scam. Othe

Thanks, that is very enlightening. So Tether are all about maintaining the apparition of a 1:1 backing of USD to USDT. It's the lynchpin of the whole scam. Otherwise the step above you mention around the arbitrage bots buying btc-usd no longer occurs, and the game is ruined for them.