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A comment on Tether ordered to produce documents showing backing of USDT [pdf]. Parent comment

Re:Tether ordered to produce documents showing backing of US... by sizzle on Wednesday September 21, 2022 @03:43PM (#32930498)
Isn’t tether USDT built on ethereum? How does it affect btc exactly? Can you buy BTC with USDT or am I missing something about the connection between the two?
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Re:Tether ordered to produce documents showing backing of US... by papercrane on Wednesday September 21, 2022 @03:54PM (#32930650)
It's generally assumed that if USDT collapsed it would drag down the entire crypto market.
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