ItsyBitsyHodl on Nostr: When I was reading this my first thought is could the Treasury do a rug pull on ...

When I was reading this my first thought is could the Treasury do a rug pull on Tether as a way to wipe away debt? It always seemed like there would be serious side effects up to and possibly including war if we defaulted on treasuries held by other sovereigns. But that risk is not there if it is held by a private enterprise. Or am I missing something?