I do find it odd that Bitcoiners who tend to be incredibly, incredibly outspoken about Ending the Fed, and QE money printing, call any criticism of Tether as FUD in a cult manner, or shrug it off as non-issue. It was/is effectively a fractional reserve, where they admitted in court in the past that Tether wasn't completely backed by cash. It does seem a little convenient that they aren't ideologically consistent, and against Tether because it just so happens to help prop up the price of Bitcoin.