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by tyrfing 1481 days ago
Tether is at 75B right now, up from 5B pre-pandemic.

> if that’s true and it falls 50%, who is going to put in multiple billions to try to prop it up?

Anyone who has information on the backing assets. If Tether embezzled or lost 30 billion and were able to buy back all USDT at 50 cents, they would make billions in profit as well as erase that shortage.