They logically had to move towards gold because bitcoin‘s market capitalization isn’t large enough to support tether’s market cap at this point. So they needed to buy treasuries or gold sounds to me like they made the right choice Tether could have assets increase in value versus the dollar they could have treasuries that pay a tiny dividend, or they could become a bank and attempt to issue tether in a fractional reserve fashion. Those seem to be the options on the table and becoming a bank was never gonna be a real option.