There is a lot of fear that unbacked usdt has been the driving force behind the recent crypto pump. If this turns out to be true this will be 100x worse than mt gox disaster for crypto. The fact that Tether nor Bitfinex has allowed their bank accounts to be examined by an independed source is extremely suspicious. The fact that newly minted usdt continues to be used to prop up the markets without any explanation as to where the usd is coming from is extremely suspicious. The fact there is no way for an individual, group of company to buy or sell usdt tokens using usd fiat is extremely suspicious.
I'm posting this hoping someone can show me some proof this is nothing to worry about. PROOF.