Tether and Bitfinex have poor prospects of surviving New York attorney generals attacks. They made public that each Tether was backed by an actual U.S. Dollar$ but now admit to having only 75% The nature of a tether is classic definition of a security. A Tether represents a a n interest in a pool of currency assets. Now is thew suprising rise in BitCoin due to printing tether and buying BTC protecting against a probable fed shut down.