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Any exchanges accepting and trading Tether should be considered fraudulent.

• dheera 7y ago
  They could always base themselves in a jurisdiction where it isn't considered fraudulent, then. The whole point of crypto is de-centralization, de-regulation, and anarchy. Anyone trading crypto should model the world on those assumptions and trade according to human behavior under anarchic conditions, not modeled according to the SEC-regulated world. Yes, I understand the "problems" with Tether, but it has objectively succeeded in holding up its market price of ~$1 USD for more than a couple years now, so it has functionally served its purpose to its customers needing to make short-term exchanges. To a great degree the fact that the black box's inputs and outputs work is all that really matters, not what's inside the black box. Might it implode one day? Maybe -- that's life in a financial anarchy. But that should be part of your model. For example, minimizing the time you hold USDT and using it purely as a medium to facilitate other transactions reduces your risk.