Tether claims they have USD reserves, when USD is involved the U.S. have jurisdiction over transfers of USD even between foreigners and jurisdiction over ownership of foreign USD accounts. That's how they control sanctions to countries (like to Russia) and designations to wanted criminals (like chapo Guzman). It's calculated 50%-70% of total USD is held in foreign accounts, to them it's a huge tool. Up to the 90s it wasn't like that but after 2001, that tool got refined under the guise of fighting that t word.
Tether's mistake was pegging it to the USD, they should have done it with Swiss Franc, Hong Kong Dollars or Euros or anything else. Otherwise with USD it's as if they were HQed in NYC, or not cooperate and don't ever be able to send another single dollar over the bank systems like that stupid games Costa Rican books play.
