Anyone who's been paying attention knows that Tether is an opaque money-laundering scam, and it's only a matter of time before it totally unravels. The only reason Tether is making noises about cooperating with the US government is because they're being told in no uncertain terms that their continued near-term existence depends on it. Check back in a year.

[1] https://amycastor.com/2023/12/28/crypto-collapse-mt-gox-payo...

[2] https://davidgerard.co.uk/blockchain/2023/12/06/bitcoin-goes...