No the big questions with Tether are: do they have backing assets? How much? And where are they? Whose commercial paper is a second tier question. In August 20

No the big questions with Tether are: do they have backing assets? How much? And where are they? Whose commercial paper is a second tier question. In August 2021 The Economist estimated Tether to be leveraged 383-to-1. That's incredibly unstable. https://www.economist.com/leaders/2021/08/07/why-regulators-should-treat-stablecoins-like-banks https://www.economist.com/leaders/2021/08/07/why-regulators-...