tether is presumably less of a fraud than usd. tether is backed by usd - at least that's the idea.
usd isn't backed by anything but the perception, by the world, of the united states grandeur, which is vague to say the least (unless you are iraqi or afghani, in which case it's not vague at all)
don't get me wrong, i wouldn't hold tether for any longer than it takes to buy some actual ecurrency with it.
also bitfinex seems shady as fuck.
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