regardless of all the analyzing and vetting of exchanges in this article there is simply too little fiat/paper dollars collected to match the bitcoin market cap -> 20+ mil. coins multiplied by 30-40k USDx ;

please check - https://medium.com/the-capital/the-danger-in-the-stable-coins-thought-experiments-and-the-real-price-of-bitcoin-6042adecb0d?source=friends_link&sk=1720a20e3a2c0db2c3d85c0295ebf313