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A comment on Tether is “too big to fail” – the entire crypto industry utterly depends on it. Parent comment

Re:Tether is “too big to fail” – the entire crypto industry ... by biolurker1 on Monday December 14, 2020 @04:45AM (#25415142)
From your sentence it's clear you don't understand how tether works and you think BTC price and tether issuance should be relative to each other.
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Re:Tether is “too big to fail” – the entire crypto industry ... by tim333 on Monday December 14, 2020 @09:26AM (#25417869)
It's true I don't understand how tether works and I'm not sure anyone does apart from insiders. I'm fairly sure it's not just send them 1 US$ and they issue 1 tether and hold the dollar anymore.

Also there's this stuff:

>David Miller, an attorney for Bitfinex said: “Tether actually did invest in instruments beyond cash and cash equivalents, including bitcoin.” https://www.theblockcrypto.com/daily/24139/tether-admits-in-...

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