This is the important part going forward: "Tether must offer public disclosures, by category, of the assets backing tethers, including disclosure of any loans

This is the important part going forward: "Tether must offer public disclosures, by category, of the assets backing tethers, including disclosure of any loans or receivables to or from affiliated entities. The companies will also provide greater transparency and mandatory reporting regarding the use of non-bank “payment processors” or other entities used to transmit client funds." So from now on Tether must be backed 1:1 and provide transparency. This should severely limit the risk of Tether blowing up the crypto ecosystem.