> probably is now Here are the facts we know about Tether being backed: 1. They used to say they were backed 1 to 1 by cash. 2. This was a direct lie. 3. Th

> probably is now Here are the facts we know about Tether being backed: 1. They used to say they were backed 1 to 1 by cash. 2. This was a direct lie. 3. They now say they are backed 1 to 1 by cash and "cash equivalents", not otherwise specified. Which one of these facts is it that you are basing your claim that they "probably are now" on?