If so, the entire crypto market is going to get about a 67% haircut. - Tether's % of total Crypto Volume https://coinmarketcap.com/currencies/volume/24-hour/ - Michael Burry's predictions about Tethers CP reserves https://www.youtube.com/watch?v=W9KTUDXzx5E - Evergrande officially defaults saturday the 23rd, 30 days from their first missed payment. Four other property developers are defaulting or have missed payments for September and October. Foreign holders are more than likely getting fucked. - Bitfinex dipping into Tethers reserves to cover losses https://coincodex.com/article/10411/tether-vs-new-york-what-the-nyag-injunction-could-mean-for-the-future-of-tether-and-cryptocurrency-in-the-united-states I think how this is going to play out is once BTC hits record highs, and everyone wants to cash out via Tether, the money will be gone. This guy has some pretty harsh criticism of Tether. https://www.youtube.com/watch?v=-whuXHSL1Pg What do you guys think?