[fitchjo]

What evidence have you seen that tether is backed by real money? I haven't seen "definitive" proof/evidence either way, but it would seem there are certainly strong suspicions that tether is not backed by real money (e.g., never having completed an audit and being fired by their auditing firm).

[DINKDINK]

Research rather than speculation: https://blog.bitmex.com/tether/

[sireat]

That was a decent report considering the source has the incentive to be pro Bitcoin.

And the best that positive report could come up with was:

* serious lack of Tether transparency is not necessarily fraud.

* some correlation with deposit balance in Puerto Rico

I will eat my hat if a respectable audit firm releases a Tether audit showing that Tether has been 1:1 backed by real USD reserves in all of 2017.