RE: Tether's Increasing Dominance in the Stable Coin Space, but also a couple of new comers for 2024!

Can't recall where I saw it, but apparently Tether is one of the biggest BTC holders. That makes me wonder how things are managed when it comes to $backing of a stable.

By that , I mean, you want a stable to keep peg in a crypto hurricane. What would a BTC crash mean for Tethers asset backing, how much of their $1 is in other crypto assets ?