usdt tether market cap grows from 4,6 billions to 10,800 billions from March 2020
For last week - when btc jumped from 9 000 to 11 000 - tether issued 800 millions usdt
Do you think tether really has fiat for backing this usdt?

Probably now, that is why we shouldn't trust the centralized tokens which might burst at any point.If we look at the growth this is insane and don't know how people still keep trusting them after keep printing lot of tokens and diluting them into the market.