Tether is responsible for the MAJORITY of crypto trading volume. This means you will NOT BE SAFE from Tether collapse/fraud uncovering even if you don't hold any.

Tether is responsible for the majority of crypto trading volume.

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Over the past 24 hours Tether had a trading volume of U$ 79,942,874,644 dollars. Bitcoin had U$ 34,764,002,915 dollars traded, and ETH had U$ 19,402,373,410 dollars.

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That means Tether trading volume corresponds to 1.5 times that of Bitcoin and Ethereum. Added together. There are also days (like yesterday) where it's closer to 2 times.

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If you think you'll dodge a Tether crash by "nOt HoLDinG UsdT" you're so very mistaken, because a Tether collapse would mean much less market action, and that would make prices less stable (probably on the downside, since a big fraud would be uncovered).

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Tether also claimed they hold cryptoassets on their reserves that back USDT. This means that:

• Client gives Tether 10 USD, gets 10 USDT
• Client uses 10 USDT to buy $10 of Bitcoin
• Tether uses the USD to buy $10 of Bitcoin to back the USDT they gave the client.
• Essentially every USD is used to buy Bitcoin twice, meaning there's leverage and the Bitcoin float price is probably, at least, twice what it should be.

^{PS: For the bullet point analogy right above I'm considering Tether holds only Bitcoin as their reserve asset of choice to back USDT. In the past they claimed to have a portion of USD, a portion in Crypto and a few other assets, but from what I remember on their pizza chart Cryptoassets were over half of their reserves.}

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In case of a collapse/fraud uncovering the market will dry up and prices will correct on the downside as people realize they were artificially inflated by a fraudulent company.