100% - even a few years ago, Tether claimed that they were receiving USD deposits approaching $5B per week. That amount of income is at the Saudi Aramco and others level.

Of course, it was all supposedly being deposited into Deltec Bank, whose website was a Wordpress site, whose "Deputy CEO" couldn't remember the name of the country's two banking licenses, and which one Deltec held, or whether they held both.

I guess it's hard to track all of those things when you go from getting your Masters in Science at HEC Lausanne at 15, and immediately being appointed a Professor of Finance at a Lebanese university, all while running your own hedge fund, "Indepedance (sic) Weath (sic) Management" from Jacksonville FL...