1) bitfinex situation is bad and USDT is tethered (lol) to that exchange for the most part so people are selling to get out with USDT since they can not do it with USD
Call me a dummy, but I do not understand this point.
Does Bitfinex offer Tether?
I have never seen that option on my Bitfinex account.
If Bitfinex does not offer Tether, then how could people use Tether to move their funds out of Bitfinex?
What am I missing?