I'm not so sure anyone should follow this considering the recent shens over bitfinex and tether.

Tether is supposedly tied directly to USD. Their website says as much and claims transparency through audits. There hasn't been a single audit that has been independently verified.

Right now there have been nearly [800m tethers minted](http://omnichest.info/lookupsp.aspx?sp=31). They are minting them at an alarming rate as seen [here](http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgW...).

This is of course circumstantial. I just thought I'd share as I'm stepping back from the markets as a result. @bitfinexed on Twitter seems to be the loudest voice on this topic.