tether have not been audited, their reserves are misrepresented, they introduced arbitrary redemption limits (100k) and all sorts of much worse stuff like losin

tether have not been audited, their reserves are misrepresented, they introduced arbitrary redemption limits (100k) and all sorts of much worse stuff like losing money when their banking partners disappeared and backing tether with investments in crypto projects that rely on Tether. Very rarely do Tether ever redeem Tethers for dollars, they pretty much only print, so the question should not be “are they currently honouring redemptions” but “will they be able to honour redemptions at some point in the future when lots of people are trying to redeem because of arbitrage?” — best case you can expect it to take weeks for Tether to actually action any request you make. The risk mitigation is that you can always sell back into the market, assuming Tether holds its value (I’m very cynical about Tether but I doubt it’ll break its peg in the next few weeks because they’ve become experts at manipulating it in a way that UST was not) which I think is a fairly safe bet (in the context of “bets on crypto” not general financial bets, compared to real financial bets this is batshit crazy). So… relying on Tether to redeem is a terrible idea, but if you are confident the market value will hold, it’s not a bad bet to make as the downside is… a small percentage loss on selling back into the market. Not a bet I would make though, I wouldn’t touch tether with my worst enemies money.