Tether

We do not think Tether is a Ponzi scheme.

We identify a possible candidate primary reserve bank for Tether, based on financial data from Puerto Rico.

We list other pseudonymous USD based online payment systems that were shut down by regulatorshttps://t.co/j9AXycjoPP pic.twitter.com/bnSExv219O

— BitMEX Research (@BitMEXResearch) February 18, 2018