Is tether really backed by USD?

Related questions

1. What is fiat money backed by?
2. What is Usdt coin?
3. What happens when US dollar weakens?
4. Is tethering free?
5. Is Usdt same as USD?
6. How do I sell Usdt?
7. What USD means?
8. Why does dollar rise when stocks fall?
9. Is money with writing on it legal?
10. What are the disadvantages of commodity money?

Tags

1. #backing
2. #issuer
3. #dollars
4. #tether
5. #traditional
6. #backed
7. #currency
8. #actual
9. #tethers
10. #reserves
11. #admitted