Tether is a token used to trade cryptocurrency with. The CEO of Tether is also the CEO of BitFinex, the largest crypto exchange in the world. Tethers are supposed to be backed by USD. So, for every Tether they issue, they have a dollar in their bank account. Everytime a new bunch of Tethers is 'created', the price of Bitcoin shoots up, because they buy Bitcoin with it on Bitfinex. Because they are issuing so many Tethers (100 million in a day isn't uncommon), people are starting to doubt whether they actually have the USD to back it. Coupled with the fact that they are far from transparent, delay audits to prove they have the dollars, and they do not have the obligation to trade your Tethers back to USD, it sure looks fishy. You can imagine what will happen if it turns out the Tethers are created out of thin air to prop up the price of cryptos.

Whats your opinion on Tethers?