It costs them next to nothing to issue these, right? They can still dump on those who bought it with dollars. Problem isn't the price itself but liquidity.
Edit: if the price were $1 per coin, the issuers can try to sell their supply for $800M in USD (or USDT which has enough liquidity to be converted to USD). the problem is if they tried doing that in reality, the price would go towards zero because there aren't enough buyers/fools willing to give up their Dollars.
It costs them next to nothing to issue these, right? They can still dump on those who bought it with dollars. Problem isn't the price itself but liquidity.
Edit: if the price were $1 per coin, the issuers can try to sell their supply for $800M in USD (or USDT which has enough liquidity to be converted to USD). the problem is if they tried doing that in reality, the price would go towards zero because there aren't enough buyers/fools willing to give up their Dollars.