Although,,, so what? People and countries have been doing that all the time. If people are refusing to get wise,,, let them continue using Tether as much as they want. I really hope the SEC comes down on it one of these days and then it all falls apart. This stablecoin nonsense is getting out of hand.
The problem will happen after people stop believing Tether. Now the price is 1USD=1USDT because people believe that they will get same ratio in the future, but when majority start selling their USDT tokens it could be very big problem for USDT.