Exchanges like Binance, FTX and Bitfinex are all Tether supporters, and will not let if fail - or they go down too. Since they themselves hold a larger portion

Exchanges like Binance, FTX and Bitfinex are all Tether supporters, and will not let if fail - or they go down too. Since they themselves hold a larger portion of it, they can in a sense, control if it fails or not.