They swapped 3B of Tether after this was written. https://twitter.com/tether_to/status/1602654597805445123 https://twitter.com/tether_to/status/160265459780544

They swapped 3B of Tether after this was written. https://twitter.com/tether_to/status/1602654597805445123 https://twitter.com/tether_to/status/1602654597805445123 Presumably they will shore up USDC in short order. I do think Binance is shady, but so far they seem to be responding as well as one would expect from this magnitude of withdrawals.