As we can see, Binance, Bittrex and Huobi are the biggests creditors of Tether. And Binance is the biggest of them all.
I highly recommend you do not leave your savings on those exchanges, as they are like double-risk. You have the risk associate with the exchange, and the risk associate with Tether.
If tether does not pays his creditors, will Binance and those others survive?
Usually when exchanges screw up and lose their users' funds, they try to repay the losses. I can't say for certain if the same would apply if Tether themselves screw up. Exchanges may just point the finger and say "
we didn't lose your money, go pester them". While the exchanges are indeed custodians of those hundreds of millions of USDT, I can envision a situation where it would be the users left holding the bag. The exchanges would still take a hit due to the fallout and general loss of trust, but I'm sure they'd happily take that over refunding vast sums that I'm sure they'd argue they aren't liable for.
But yes, funds left on exchanges have generally never looked so precarious. It only seems to look worse after
a cancelled audit and the issuance of 300 million new tokens.
Hm, why Poloniex is also listed on this list (on the full version) while they don't have USDT pairs for a pretty long time? Polo doesn't have any fiat pairs for now.
Looking at Poloniex now and I can see 12 USDT pairs and trades going through as I type this, but you're right that there are no fiat ones. Tether has its own tab like ETH and XMR do.