Or is it just a matter of time till it comes about? Bitfinex may be moving away from Tether, though I don't really know how inseparable they are. Are they essentially the same entity, so when Tether goes to hell, Bitfinex will follow? Or could they try to make it into a separate, stand-alone something which lives and, well, dies entirely on its own? That said, I don't really think that Bitcoin is on board with Tether, the latter seems to be only a small spot on the sun
BFX and Tether have the same parent company and the same personnel pretty much. I assume they've minimised overlap where possible. As far as I can tell Tether's official 'business model' is interest on the real USD, if it exists, but that's not even going to keep pace with inflation in most places.
I think people would be ill advised to underestimate the effect Tether has had. It's fresh money on the biggest exchange. That's a doubling of effect as other exchanges follow its moves and most of the money flying on exchanges is endlessly recycled.
It's easy to forget how big USDT is with alts. There might be more of an effect on them, but nothing would get out of it unscathed.
