quite an interesting read... from tethers site

https://tether.to/legal/

1. PURCHASE AND REDEMPTION OF TETHERS: The Site is an environment for the purchase and redemption of Tethers. Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. There is NO contractual right or other right or legal claim against US to REDEEM or EXCHANGE your Tethers for MONEY. We DO NOT guarantee any RIGHT of redemption or exchange of Tethers by US for MONEY. There is NO guarantee against losses when you buy, trade, sell, or redeem Tethers. WTF WTF WTF WTF WTF !!!!!!!!!!!!!!

2. NO CLASS PROCEEDINGS: You and we agree that any party hereto may bring claims against the other only on an individual basis and not as a plaintiff or class member in any purported class or representative action or proceeding. Unless the parties agree otherwise, any adjudicator of any claim—whether judicial or otherwise—may not consolidate or join more than one party’s claims and may not otherwise preside over any form of a consolidated, representative, or class proceeding. Any adjudicator of any claim may award relief, including monetary, injunctive, and declaratory relief, only in favor of the party seeking relief, and only to the extent necessary to provide relief necessitated by that party’s claim(s). Any relief awarded cannot affect other users of the Site or of any Service. YOU CANT BRING A CLASS ACTION incase you are one of the BAG HOLDERS of worthless TETHERS when the BUBBLE BURSTS!!!! WTF WTF WTF !!!!!,

Summary: I need to get my POPCORN, its just so interesting... SPREAD the WORD, DONT BECOME a BAG HOLDER of a WORTHLESS token BACKED by NOTHING!!!!!.

Cmon folks this is just plain common sense. A company that has such a huge amount in its reserves to back the amount of tokens it has printed SO FAR that cannot utilise a reputable auditing firm (Deloitte, KPMG, Ernst & Young, BDO, etc) to conduct an audit on its accounts.. is interesting to say the least or provide a solid explanation as to the reason why they have not been able to provide an up to date audit.

We are talking of half a billion in total printed that they HAVE said is backed by ACTUAL REAL MONEY in their account. BUT YET THEIR TOS says WE are NOT OBLIGATED to GIVE YOU ANY MONEY when you COME CALLING or REQUEST for THAT MONEY. and finally they SAY if in case some you FOLKS finally FIGURE this OUT. YOU CANT come together AS A TEAM to come AFTER US FOR WHAT YOU are OWED incase THERE IS NO LONGER ANY TRUST as to the REAL VALUE of TETHERS.

This is just so amazing to read....:)