Yes, I'd rather not champion the tether cause at all as I thought it was a fractional reserve from the beginning (you can find tons of my posts warning about it years ago) and still think it was but I believe they balanced the books by BTD during the winter and then had that law firm confim they had the funds but now they only have 75% because the US led attack on them seized to 750 million (orso). So it looks like they were completely solvent until the Good ol US of A went after them and that has interesting timing as other stablecoins that are institutionally backed are now launched.
Things that make you go Hmmm.
https://i.ytimg.com/vi/XM1-16wxe24/hqdefault.jpg
The government is only trying to protect us from our own bad choices.Things that make you go Hmmm.
https://i.ytimg.com/vi/XM1-16wxe24/hqdefault.jpg
Such as getting a double mortgage to 80x long Tesla over a 420 meme Tweet.
Or getting a job when you're on social welfare.