To those who think tether is a massive fraud: time to get caught up. The crypto dollar market is extremely large, the product market fit is extremely real and tether is king.
But remember, the crypto exchange market is also extremely large and profitable, and yet exchanges keep turning out to be massive frauds.
The number of people who promised to keep your money safe and had long term incentive to do so and yet failed miserably used to astonish me. Now I assume it's the norm.