> We don't know if there is enough USD in Tether's coffer to redeem all the withdrawals I'd take it a step further and say that we know Tether's USD coffers ar

> We don't know if there is enough USD in Tether's coffer to redeem all the withdrawals I'd take it a step further and say that we know Tether's USD coffers aren't deep enough to cover withdrawals. They've fully and publicly accounted for the assets that back UST and it's almost entirely in cryptocurrency which will nose dive the second people start divesting. You seem to think that ignoring this glaring liability will somehow make it go away or will buy enough time for people to safely divest. It simply won't. The only cure for this cancer is sunlight and an ugly haircut for Tether holders. The only way to fix this is for unstable stablecoins to fail hard and have it serve as a warning for future investors not to play with fire.