Why do you think it is backed now? If i look at the amount of freshly minted coins since the investigation could not be halted i very much think that the rate may have even got worse.
I theorize based on the previously published documents that they made up the previous shortfall in gains in holdings of other cryptocurrencies, via Bitfinex.
I would imagine that much of the recent issuance is legitimate. I, of course, have no way of knowing as they have never once been subjected to an audit. As I mentioned, I never touch USDT for any reason.
If you trade cryptocurrency, USDT is touching you.
From what I have read, as much as 60 percent of all crypto trades involve USDT. Any stability (such as it is) in the crypto marketplace largely rests on the fantasy that USDT is backed by USD.
I would imagine that much of the recent issuance is legitimate. I, of course, have no way of knowing as they have never once been subjected to an audit. As I mentioned, I never touch USDT for any reason.