[PragmaticPulp]

> Tether is being printed

Tether doesn't claim to "print" anything. Supposedly, Tether is 1:1 backed by actual dollars being paid in to the Tether corporation.

If Tether corporation is "printing" Tethers without having received corresponding deposits, that's the fraud.

[sethgecko]

Yes it is backed because when they print a new tether they sell it for 1$ which they put it in their treasury.

[mekster]

No, people sell BTC to get Tether, in which case, what did the previous BTC owner buy if it's not backed up with USD?