You're assuming the commercial paper market is much bigger than it is. You can't go out and find $30B worth of commercial paper that no one else knows about an

You're assuming the commercial paper market is much bigger than it is. You can't go out and find $30B worth of commercial paper that no one else knows about and buy it in 3 months. When governments around the world were stuffing everyone and every company to the brim with money - and banks couldn't find anyone to borrow money beside people to buy third homes in Ibiza - how did Tether find a bunch of companies that wanted to print $30B of commercial paper in 3 months that no one in the market was competing for? Oh - and also - this heretofore undiscovered market was bigger than the previously known commercial paper market? Yeah, right... It didn't happen.