[grey-area]

Tether is not fully backed.

[charcircuit]

There is no proof of this. Despite many people complaining Tether continues to pay out billions dollars to people redeeming tethers.

[bananapub]

what does that have to do with anything?

being able to pay out some portion of "deposits" is obviously not evidence of being "fully backed".

[charcircuit]

It is evidence that Tether isn't going to instantly crumple like what some Tether haters believe.

If you want evidence of being fully backed they have attestations on their transparency page that breaks down their assets.