Such dishonesty.

"Tether just lost $10 Billion".

No.

If I go and withdraw $100K from my bank, did my bank "just lose $100K"?

Nonsense. And anyone framing my withdrawal in those terms is being purposely disingenuous.

Anyway, this was recorded two months ago. Tether has since released an auditor's report, confirming what they said they would do (reduce commercial paper) indeed did happen, and confirming further progress is still their plan going forward.

Tether Releases Independent Auditor Report, Revealing Another Major Cut ... #60908 https://tether.to/en/tether-releases-independent-auditor-report-from-top-5-accounting-firm-bdo-reinforcing-its-dedication-to-transparency-and-revealing-another-major-cut-to-commercial-paper-holdings

That being said, ... $USDT is an IOU. Therefore, it should be no part of your portfolio other than as maybe what you are holding for transacting in the very near term.