Tether went from printing $100 million a day to $0 a day over night. No new Tether printed in over a month. Are we supposed to believe demand dropped 100% or is it more likely there was never any demand in the first place?
If so, why did it stop all at once? I mean if they are printing unbacked Tethers. Do you think it has anything to do with the subpoenas from the CFTC?
In theory, this kind of abrupt stoppage could also indicate the loss of banking partners as Tether becomes even more of a pariah in the banking world. I can't imagine why any banks would knowingly be involved with them at this point.