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.
They take their dollars, give people a sketchy token, buy Bitcoin with the dollars and make bank. It's really simple actually. The give out something that the generate by the hundreds on millions over and over again and keep buying and inflating crypto. This is definitely going to be huge because Tether is so big that when it fails (not if, when) we're all going to feel it. Shit that's annoying.
At least someone else understands it!!
There are some people who have unshakable faith that Bitcoin will continue to climb forever, even when things like this are the driving force behind it.