TETHER DOWN

This.
But no one with a money printer has ever shown restraint so it was kind of obvious this would happen.

I would rather take shelter in Tether than lose over 50% from a BTC crash.

I still have no clue how the price of this stays anywhere near a dollar

People dumping tether for real fiat

...

Tether limited and bitfinex own 90% of USDT, it won't go down, they'll prop it back up via wash trading.

It's a scam but they aren't letting it die yet, not by natural causes. I'm pretty sure they'll keep going until US government intervenes at which point all crypto will crash like never before.