Was it maybe that it could impact lightning efficiency/reach/success and that could be compromised if Tether fails?

(Thinking out loud 💭.)

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I always thought they were saying Tether's printed out of thin air & it pumps bitcoin.

I can see a weak argument about it being needed as an a bitcoin on ramp. It won't stop people finding the exit though.

Agreed 💯

Not worried 🤙