Anyone know much about Tether?

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What specifically would you like to know?

It's basically a money market account backing a stablecoin

Most of the tokens are on Ethereum and Tron, it's based outside the US in the British Virgin Islands and they pocket the interest on the bonds they invest in as profit.

On Ethereum and Tron there's a smart contract that tracks ownership of the USDT tokens and you can return Tether in $10,000 chunks for cash or give them $10,000 for 10,000 USDT although I'm not sure what the process is.

It's a pretty popular way to hold USD in countries with currencies that aren't very reliable like Turkey and a lot of exchanges use it as the default USD placeholder.

There are $100B worth of Tethers in the world. Tether was originally founded as Realcoin in Santa Monica, but left the US soon after.

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