When the bear market has arrived I think everyone will take their assets from cryptocurrency to real assets to fiat money. One of the easiest ways is via tether. There is no data here that shows that the 10 billion usdt transaction took place with a single transaction. The sheer number of tether users I think makes that many transactions possible.
Like they said its just a 10B, its tiny amount for a stablecoin that's on the top 3.
But some crypto observers are already expecting more stablecoin scam and they were suspecting USDT to be the next since a lot of circulating articles already about it not backed by real USD. So far nothing was said to counter this and then there's SEC who are eager to get their hands on stablecoin regulation while the FED also wants to release their own FEDstablecoin.