I think it will continue to do a good job of staying pegged to the dollar... How they make money... I don't really understand it.
BitFinex owns Tether, so they're only happy cause it brings more and more people to their exchange as they're able to give people the stability of the dollar on an exchange which doesn't do much KYC, or even any anymore as they're not even doing business in the United States.
While I do think this is a large problem which is brewing, I do think it will take some time until shit really does hit the fan and we are in FULL panic mode. As of right now, we're OK. Awaiting some sort of issues with Tether and mass withdrawals is when we'll see a meltdown.