It would be hard pressed for me to believe that Tether has 2.2billion of liquidity. You can guarantee this won't end well, someone is gonna get hammered by Uncle Sam before its over...
$2.2 billion isn't that much money for a financial. So while maybe there has been some funny business, I don't believe that amount of money is ludicrous by any stretch. It is
well within the realm of possibility for Tether to be backed 100%.
Chase, for example, holds $2.5 trillion.
Many hedge funds manage $50+ billion.