Spoiler Alert: The ‘Institution’ buying Tethers, is Bitfinex themselves.

  • of course tethers are backed by funds. you know it, the regulators know it. so what is your point? dont understand.
  • whenever you want, you can redeem tethers for cryptocoins and then you redeem cryptocoins for Fiat. you can do it on bitstamp, bittrex, polo and bitfinex. dont understand either your point?

i am going to unfollow you. too much BS.