The issue behind Tether is that as more people transfer holdings to USDT, Tether has to print or create more tokens and put them in circulation. As long as the company has the fiat assets to back that up, theres no cause for concern. And obviously, they have those assets, right?
Yeah about that. While Tether certainly claim to have almost $3 billion USD required to back up USDT, the lack of transparency on that claim is a major cause for concern. Tether recently dissolved the relationship between them and their third party auditor, and have stated that they cant reveal their account balance due to issues with the US government. Unfortunately I can't trust 100% on that.