One thing to learn from is that they stated that they are putting their bitcoin holding into a self-custody wallet. As a person or organization, there is nothing better than to have your keys and your coins than to depend. This means a lot to me and to people that prefer self-custody.
Tether has $1.5 billion in bitcoin. That is 2% of their total reserves. 85% of their total reserves is in cash, cash equivalents and other short-term deposits, primarily treasure bills.
https://cointelegraph.com/news/tether-to-buy-bitcoin-based-on-monthly-net-profitsBitcoin will be a coin that people and organizations will depend on. More organizations will see that bitcoin offers value more than fiat, but they need to understand why, when and how.
I personally feel like the best thing to do at this moment is to make sure that there is absolutely nothing wrong or shady going on in their books. If they are fine with getting audited constantly then I would be fine with them doing whatever with their money. If it shows that they are doing nothing wrong then there is nothing wrong, if they are doing anything wrong then we are going to see that and that's the important thing.
I personally do not trust any stable currency as long as the company rejects the idea of getting audited by a good company and that would require it to be a lot more expensive if you keep getting that done constantly. Maybe not every month, but it has to be frequent so that we as investors would see that. We are giving them our hard earned money after all.