Depending on a number of factors, Tether falls under a few of these designations (which are overlapping and not mutually exclusive by design). Tether is withou

Depending on a number of factors, Tether falls under a few of these designations (which are overlapping and not mutually exclusive by design). Tether is without a doubt (by their own design/admission) both a "transferable share" and a "certificate of deposit for a security" (since the majority of their "reserves" are supposedly securities).