> Market is uninformed and do not know better... The market knows and has known that Tether is a scam and not fully backed. This is not what is causing the pri

> Market is uninformed and do not know better... The market knows and has known that Tether is a scam and not fully backed. This is not what is causing the price to be what it is. Price arbitrage is one major factor keeping it up, as well as pure old fashion faith. Plenty of currencies operate that way. Including, perhaps, the paper in your wallet right now. This doesn't make it right, or viable, or stable, or anything else. It's just a known phenomenon.