[stephen_g]

Of course they wouldn’t have exposure to a bank in the US. There’s a reason that Tether has to do business with the more dodgy kind of offshore banks… Their exposure to any banks is likely far, far smaller than their claimed cash reserves, so it’s unlikely to be a bank crash that stops the Tether musical chairs…

[csomar]

Tether has significant (if not most) of its reserves in US Treasury. I'm pretty sure they are trading in US markets/banks.

[TheAlchemist]

You do realize that everything Tether says is a lie ?

It's all just a huge scam.

It's not easily provable with Treasuries, but it was easily provable when they claimed to hold something like the 8th biggest position in US commercial paper - which is not traded anonymously - and no commercial paper trader ever traded with them.