I disagree. If tether can't keep an accounting firm that's an issue. If they are going to claim 100% backed by US$, then they need a higher level of scrutiny than some crapcoin and they should have a way to prove it. https://steemit.com/tether/@realstep/tether-failure-can-affect-all-cryptos
In any Ponzi scheme, everything is fine until the market drops or people start cashing out. I don't have anything to gain through my tether analysis and just wanted to inform people to be careful and don't assume its the same as US$.
In addition, looking at the latest charts and volume on tether it looks like they tried to pump the price back up to $1 but it fell back down again.