There are man concerning things about the tether. The thing that bugs me most is that new aburd amounts of tether are issued from time to time. Bitfinex, who is kind of the owner of the USDT, already confessed in court that they don't have a backing for the USDT. They guarantee the 1:1 but only back like 2% of the sum in $.
Is this all a big Bitfinex scam fro the beginning? Is Bitfinex going into insolvency soon? What is gonna happen to coins currently parked on Bitfinex?