1. With T-Bill rates up to 4%, Tether is now making more money from interest than ever before, in the ball park of $100m per month. More than a SoFi or Moneygram with a tenth of the employees.
2. Their customers are institutions, not you and me, and if the Tether can't pay out 1:1 to their customer (like a Binance) the institution will be the one with solvency issues.
3. The peg is a natural pressure release. In case of a USDT bank run, weak hands will "accept" less USD for their USDT without any involvement from Tether. After the FUD, peg can be restored by normal market forces. Bad for trust and reputation, but not a mortal wound for Tether, as it has dealt with many in the past.
2. Their customers are institutions, not you and me, and if the Tether can't pay out 1:1 to their customer (like a Binance) the institution will be the one with solvency issues.
3. The peg is a natural pressure release. In case of a USDT bank run, weak hands will "accept" less USD for their USDT without any involvement from Tether. After the FUD, peg can be restored by normal market forces. Bad for trust and reputation, but not a mortal wound for Tether, as it has dealt with many in the past.