Quote from: Iyanu14 on November 28, 2017, 05:56:25 AM

Can anyone tell me why tether doesn't go beyond $1 even though it's below it now. I found it strange.

The price of Tether is supposed to always be $1. That's the whole point of Tether. It is a lot easier to keep it from going higher than $1 than it is to keep it from going lower.

Quote from: multibit on November 28, 2017, 12:33:40 AM

Someone just pointed me out to a clause in their Terms and COnditions, saying that it should not be used for money laundering. I am unsure what all does that cover. But if they have the ability to pull out coins from someone's wallet who does that, then it would be the most stupid investment ever.

That's what you're worried about? Everybody has AML language. What should bother you is this:

Quote from: https://tether.to/legal

...Tethers are not money and are not monetary instruments. They are also not stored value or currency.
There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.

And this:

Quote from: https://tether.to/legal

We make no representations, warranties, or guarantees to you of any kind, including with respect to any right of redemption or exchange of Tethers for any property.

And this:

Quote from: https://tether.to/legal

In the event of any inconsistency between these Terms of Service and any other policies, FAQs, whitepapers, or pages on the Site, these Terms of Service shall prevail.

So if Tether says one thing on its home page, and another in its TOS, the TOS win! So much for that guarantee that Tethers are always backed 1:1 with money in the bank.