I would put this article down as mostly FUD. I suspect Tether is raising because they can and that they will put the funds toward market expansion. Everybody and their brother is putting out a stablecoin, they're going to have to defend their turf somehow.
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Because they can. Why not sell overvalued equity when your profits are about to shrink if short term rates decline with Fed rate cuts.
Reserves don't matter, what matters is cashflows