I saw this a few days ago as the mcap was ramping up, gas fees sky high, yet people were still trading.

https://coinmarketcap.com/currencies/tether/

teather expanded thier mcap instantly by an increase of 30%, “USD backed….” 10 bill to 13bill. we then see a large ramp up in speculation followed by a dump.

there is a good paper covering the shadyness of USDT

IS BITCOIN REALLY UN-TETHERED?

October 28, 2019