Since the Tether Subpoena notice on Dec 6, $1.5B in new USDT was issued.

[Crypto Piece]

Either Tether is backed by dollars or they are really really stupid.

It would make no sense to continue doing shady business if you know the court is about to have a look through your books.

This is a good sign.

And if tether does go down this is good for crypto long term.

Win win.

[darkfox12]

They're not based in the US so it's not outside the realm of possibilities they are stupid and setup this entire thing to raid a ton of BTCs.

This might be good for crypto LONG term, but you're talking about more than year before this kind of stink is wiped from the arena.  Exchanges will crash and die if this all blows up, people will be skeptical of crypto in general, more calls for regulation will sound across the countries, and it'll have a depressive effect on the whole market in general.