I think I agree with him, but don't know much about Tether beyond this post. It's bizarre that they are printing hundreds of millions of tethers a day though.
It freaks me out. Even if USDT was being run as advertised, it’s a terrible system that shouldn’t exist. This technology is supposed to minimize the need for trust. I only wonder how big the fallout will be.
I wish they would go down sooner than later. The whole thing stinks.