>That's... not convincing.
Tether is a toxic creation within the cryptomarketcap, similar (metaphorically) in nature to how [some] hedge funds [can] use dark pools to make non-public trades, ensure public fund liquidity, obscure equitability, lie, cheat, steal; etc. Don't ever forget that YOU ARE JUST DUMB MONEY — all the bells&whistles are intended to get the money to it$ rightful corporate owner [1].
Tether's implosion (hopefully `when`, not `if`) would rock the entire cryptomarketcap; but ultimately would return the cryptocurrency-space to the principles founded within Satoshi's fundamental "white paper" [e.g. unlimited block sizes, no lightning/segwit, PoW, verifiable self-accountability].
I'll keep holding my breath, but until then... I'll keep HODL'ing.
[1] "I can spend it better" I once heard a philanthropist laugh to his subordinate.