The evidence is that - by their own numbers - they would've needed to buy 1% of all commercial paper in existence in a one month period. It just didn't happen.

The evidence is that - by their own numbers - they would've needed to buy 1% of all commercial paper in existence in a one month period. It just didn't happen. I will add that the problem is roughly 2x worse. Tether is only ~60% of the stablecoin market: https://coinmarketcap.com/view/stablecoin/ https://coinmarketcap.com/view/stablecoin/