The founders of CMS holdings talk about redeeming tether all the time. It's literally just the same as redeeming USDC or any other stable coin. And before you say they're insiders, Dan (one of the founders) used to work with the creators of USDC.
Did Quibi ever poach any top talent from the other established competitors? I can't remember seeing them attracting any key hires besides the legacy founding team.