Reread your quote. It says the value is "pegged to fiat" AND "backed 100% by reserves" Nowhere does it say every tether is backed by a $1 reserve. You're fall

Reread your quote. It says the value is "pegged to fiat" AND "backed 100% by reserves" Nowhere does it say every tether is backed by a $1 reserve. You're falling for their slick scam words. (Around 2017 I did a lot of research into tether, even reading their entire legal terms)