This is about finance and trading. Bear in mind that the banks can conjure dollars out of thin air. This is why I see Tether as a threat to bitcoin.

The world is awash with money, but fewer and fewer people are getting it in their hands. Tether's market cap is $42Bn, so where did that money come from? and why?

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
“Me: HOLY $#!@”
“Since illiquid markets repel crooks, the illiquid startup ecosystem turns out to be largely (though not completely!) free from crooks. That’s part of what makes it such a pleasure to work in, but it also means that the community has never developed a great collective radar for fraud: it hasn’t needed one.”
“I believe the startup community is about to have its fraud radar recalibrated. That recalibration — and the exorbitant fee the market will charge for it — will be mandatory for anyone who holds a meaningful amount of crypto.”
“My guess is that maintaining the Tether peg on Kraken represents the single biggest ongoing capital expense of this entire fraud. If the crooks can’t scrape together enough USD to prop up the Tether peg on Kraken, then it’s game over, and the whole shambles collapses. And that makes it the fraud’s weak point.”

The latest data says that Tether has the finance it needs to balance its books. In some ways that is more worrying than if they had found fraud.
What I am saying is that when ARQ succeeds this is one of the problems it will face