Tether is Fully Backed Again

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Tether has been the talk of the town for quite some time since the news broke that Tether is not fully backed by USD and that opened a whole lot of troubles for Tether. Things went so haywire that an Investigation was launched onto the company but now it seems Tether has once again come out in Public and said that Tether is Fully Backed Again.

I don't know what to say about that statement and I have no clue what is going n through the minds of the people behind these decisions. The Tether Reputation has already been muddied enough and I feel like giving such a statement publicly will further bring more spotlights upon Tether which I feel is a Bad Idea.

The Tether story was quietly calming down and I feel like it would have been in Tether's best interest to sort things out behind closed doors rather than air their Dirty Laundry everywhere. Even though Tether feels like everything is in proper order these types of Investigations could bring unnecessary results which shouldn't be made Public.


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I don't fully understand how something can be backed by another coin. Does that mean that there is someone actively buying and selling dollars every time a Tether is bought?

I understand with Steem-Engine Token being pegged to STEEM; or even the Canna Curate tokens, but if there are two different blockchains, not integrated, how do you peg?

I see litecoin pegged on the steem-engine, how?

Thanks for sharing this interesting topic and if you have an article or linked on how pegging works, I would love to have a read.

Also, I agree with you, when you look at something under a microscope, you always find something that wasn't there before.

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