All the people responding to you are missing the distinction too... They can create/destroy coins at will. They say that they only do this when customers receive/withdraw fiat but we all know that's not the case and they aren't truthful about it.
EXACTLY. What people miss the point about tether is that they can claim anything, at the end of the day there’s no transparency to what is really going on behind the curtain. And keep in mind US citizens cannot legally redeem tethers for USD either.
Did anyone do an analysis on which wallets had the most coins destroyed?