Well, it'd be pretty easy to partially back tether. Create new tether, declare 1:1 fiat, sell new tether for 1 fiat each. It only really becomes a problem if

Well, it'd be pretty easy to partially back tether. Create new tether, declare 1:1 fiat, sell new tether for 1 fiat each. It only really becomes a problem if they're trying to be completely backed, as new tether isn't an option then.