Cuz if Tether is being printed out of thin air, then that means MILLIONS of people have gotten Tether for free.
Has it crossed your mind that Tether can issue USDT out of thin air and sell them as dollar pegged? Has it also crossed your mind that Tether would never make the catastrophic claim that they print money out of thin air?
But the idea that its all just printed out of thin air, well thats an outrageous claim and it will continue to be a stupid claim until literally anyone can show any proof at all that Tether has ever printed any USDT out of thin air.
I don't understand why it seems such a big conspiracy theory to you. We've experienced a lot of unethical business behavior in the crypto space years now, especially in exchanges and stable coins which were operating under fractional reserve banking, providing zero protection on behalf of them, completing lacking regulation and deposit insurance. There exist court documents (as shown in the link above) which present how they use all these centralized coins to bail themselves out and engage in illegal activities in general.
All I'm saying is, USDT is widely used and every day people are buying it with dollars, 1 to 1. So we know for a fact that USDT is not just fake money.
You probably don't understand how fractional reserve banking works:
https://en.wikipedia.org/wiki/Fractional-reserve_banking. If you practice federal reserve banking, then you can't have 1-of-1 peg. You might present that your system contains 1 million dollars, but it collapses the moment people attempt to withdraw 1/10th of them.