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by nosuchthing 2765 days ago
Not one person has come forward with proof they've successfully registered with the Tether redemption platform.

Tether does not back 1:1, they charge 3% if you can even register to "redeem" so at best it's 1.00 : 0.97

Also worth noting, Tether has removed any mention of audits on their website:

Current FAQ: https://tether.to/faqs/

  Is Tether transparent?
  Yes. Tether’s platform is built to be fully transparent at all times. 
  Every tether is backed 100% by its original currency.
Archived page (from June): https://web.archive.org/web/20180628141947/https://tether.to...

  Yes. Tether’s platform is built to be fully transparent at all times and is regularly audited.
  Every tether is backed 100% by its original currency.