Yes, and like $50b-$100b worth of trades each day are in USDT, with a market cap of $73b. That's according to coinbase, I can't verify it. When I look at people talking about trading crypto currency on reddit they just don't seem that sophisticated. I am not bashing on crypto, but this seems like a systemic risk people are oblivious to. It won't wipe everything out, but it can't be good for the price.