[icelancer]

> Market is uninformed and do not know better...

The market knows and has known that Tether is a scam and not fully backed. This is not what is causing the price to be what it is. Price arbitrage is one major factor keeping it up, as well as pure old fashion faith. Plenty of currencies operate that way. Including, perhaps, the paper in your wallet right now.

This doesn't make it right, or viable, or stable, or anything else. It's just a known phenomenon.

[luckylion]

Another option is that 74% would be positive compared to what quite a few people believed might come out. "It's 74%, that's great news, we thought it's closer to 25%".

Of course, it's hard to trust this news, it might still be 25% or 2.5%.