But... but... they've got some secret investors pumping in USD and they're hiding billions under a mattress to back it... Lol. Yeah I'm with you, they can only avoid collapse for so long. It's frustrating sometimes watching the market dip and knowing I could move to tether and buy back in at the bottom, but I don't want my money anywhere near it when the collapse comes. It seems like that will be the kind of crash that goes to zero before the news even breaks.
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One of the craziest parts of the story is that they have all their money in a bank in Puerto Rico, which is a United States territory, so I'm not buying that story one bit.