Tether had such enormous USD inflows that it all comes down to how they played the rising interest rate environment and maaaybe exposure to Chinese bonds, not w

Tether had such enormous USD inflows that it all comes down to how they played the rising interest rate environment and maaaybe exposure to Chinese bonds, not whether or not they were fraudulent even as late as a few years ago. If they did a good job dancing to the music, even a poly-billion dollar hole in their balance sheet will rapidly heal, if it hasn't already. If they did a poor job dancing to the music (see: SVB), this sin would eclipse the comparatively small matter of shady founders pocketing a billion or three.