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Friendly reminder not to use tether

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by COINS NEWS 259 Views

Tether is a a shady company that has been caught lying about their reserves and covering up losses in the past. If you need to, use USDC instead - or better even, cash out to a FIAT currency directly.

Tethers can not be redeemed. The creators are under investigation for bank fraud. Even though they are supposedly one of the largest holders of commercial paper (short term debt), noone in the market has heard of them. They have recently started issuing a metric fuckton of tethers again - and they are a liability for the whole crypto market. Anyone that uses tether contributes to that liability. These are all easily verifiable facts.

You can get rugged by them whenever they want - you're holding a ticking time bomb when using it.

Dont. Use. Tether.

submitted by /u/xFxD
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