Bitfinex is the pumping station
You see Bitfinex won't take real $USD to buy coins or else they would become regulated and instead Bitfinex tell you that you have to buy USDT first
at a fixed ratio of 1:1 to then spend them on the Bitfinex exchange.
Trouble is the guy that owns Bitfinex is also behind USDT and is printing money from thin air and
it is not backed by real money and they even admit this with a get out of jail card that says USDT is
not guaranteed to be convertible back to $USD.
See
https://www.youtube.com/watch?v=MwKYbT9MoPESorry boys but my nose pickings are pegged to the $USD so does anyone want to buy any at $1 each
and note that you cannot ask for your cash back