Disclaimer: I cannot tell you whether Tether is actually backed by anything. I cannot tell you everything listed is always a good thing for the user or for so

Disclaimer: I cannot tell you whether Tether is actually backed by anything. I cannot tell you everything listed is always a good thing for the user or for society at large. These are broad points and may not apply to particular jurisdictions, banks, cases etc. * You don't need multiple bank accounts in multiple countries with multiple banks requiring multiple onboarding, KYC and ongoing fees and management. * It's faster and cheaper to move around than USD via banks (and near zero chance of a transfer failing because of KYC etc). * All payments are (short of government action) final, you can be confident you have actually been irrevocably paid if you get tether. Your bank may reverse a transfer at will... * It's actually more versatile within Crypto as many places in crypto prefer not to use USD itself. * You can hold and transfer tether with basically no access to USD itself, the global financial system etc. So if you live in a place with very tight controls on capital (eg China or Zimbabwe). (I personally think this is a very under appreciated property of crypto for those of us in free, stable currencied nations) * It's much harder to trace you as the owner (if used correctly, big if).