I have never used Tether, likely I never will. Do you think it has been used in such a big way by investors as to be in part responsible for the whole market crashing? I wonder how many people have used Tether for their crypto transactions. And who backs Tether? That I think is a good question, I am beginning to think these types of coins, hard forks and other unnecessary activities in the crypto world are actually weapons used by the same folks who don't like people having their hands in something that could be conducive to their economic freedom.
I dunno if it was a CONSPIRACY...likely not.
was it a scam...yup I think so.
it wasn't so much that other folks used Tether...it's the fact that Tether diluted the value of ALL Bitcoin...and any other currency that was traded for it.
Tether was most likely NOT backed by anyone (or anything)
It was a big scam.