I was excessively fudding. Nobody knows the truth about Tether, but it really seems shady as f*ck. They can kick the can down the road and continue to manipulate crypto markets for many more years. They are domiciled and registered in some Caribbean tax havens. Nobody can stop them.
Just telling you guys in advance in case their scam blows up that you all have been warned about Tether.
See what this Ex-Google/Facebook Tech Lead, YouTuber (1M subscribers), multi-millionaire app entrepreneur, digital nomad says:
If they really are a scam, it would be the most sophisticated and most elaborate ponzi in world history. The management team of Tether are mostly Italians (Giancarlo Devasini, Paolo Ardoino).
Italians and Ponzis.

The original Ponzi was also Italian.