3 ms·

Tether is risky. US based stable coins like USDC and PYUSD are much less risky.

• hlynurd 2y ago
  After following the work of Zeke Faux I would not touch Tether with a 10 foot pole.
  • nailer 2y ago
    Likewise. It's fine for transient balances but I wouldn't hold anything in USDT for longer than a few minutes. If I was going to pick one thing that would be the next major scandal, Tether would be it.
• KaiserPro 2y ago
  all stable coins are risky, because the peg requires reserves to maintain. the peg break just at the point when you need it to most be in place.
  • nailer 2y ago
    Yes but US-based entities are more likely to have reserves. Tether stopped publishing their ages ago.
    • krupan 2y ago
      "more likely" is so reassuring!