Not only tether is a "thing", its actually in the top 10 US bonds buyer. So this "thing" isn't a business anymore, but an actual, proper, geopolitical actor.
Do you have any information which geopolitical actor controls tether? Is it China or Russia trying to circumvent SEPA? Or North Korea because north korean hackers have so much bitcoin from their ransomware operations?
[1] https://cointelegraph.com/news/tether-us-treasury-holdings-s... [2] https://yellow.com/news/stablecoin-giant-tether-slashes-trea...