To an outsider, it seems that one of these cases is true and is the reason why Tether is so resistant to releasing this info: * The currency is not fully backe

To an outsider, it seems that one of these cases is true and is the reason why Tether is so resistant to releasing this info: * The currency is not fully backed. * The currency is backed by crypo, commercial paper, or some other backing that is not as secure as hard currency. Either way the "1 Tether -> 1 Dollar" is either a full on lie or a very sly truth.