To finesse the idea of major central players whose downfall would collapse Tether: Tether has remained relatively unaffected by major exchange collapses and di

To finesse the idea of major central players whose downfall would collapse Tether: Tether has remained relatively unaffected by major exchange collapses and disappearances over the years, including the very recent implosion of the world's second-biggest (after Binance) crypto exchange FTX. Barely a blip on their radar. So I posit that Binance is probably the only exchange whose downfall may (may!) collapse Tether. And even then, Tether would be one among many, in that scenario. Apart from that, the only entity whose collapse might also end Tether is perhaps "Tether itself". Unless anyone has other ideas? So it would seem to me that the government action is more likely to impact them than anything else at this stage.