This lawsuit only covers up to 2019, when the Tether supply was only a fraction of what it is now. It shows that Tether had no desire to correct the situation

This lawsuit only covers up to 2019, when the Tether supply was only a fraction of what it is now. It shows that Tether had no desire to correct the situation with the unbacked Tethers. Why does it matter why the Tethers were unbacked? The fact is that they were unbacked and Tether continued operating as if they were. Why would anyone trust an institution that has already demonstrated they don’t care about backing and, moreover, that they’d rather hide that fact as much as possible until forced to reveal it.