They can't do that because they have likely been "printing" tether out of thin air to boost the price of Bitcoin. They don't have assets to buy treasuries, othe

They can't do that because they have likely been "printing" tether out of thin air to boost the price of Bitcoin. They don't have assets to buy treasuries, otherwise they would have 100% done it. In reality, there was never $60B+ of interest from the market, but once they invented it via printing unbacked tethers, they could grab real USD from people FOMO'ing in and then park that cash somewhere offshore where it can't be touched when the whole thing melts down. Occam's razor states that they don't have the money given that they'd have zero issues if they actually had $60B+ in deposits.