Quote from: johnwinds123 on June 13, 2016, 02:49:39 AM

Hi everyone,

I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here?

I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things.

I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it.

Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations?

Thanks

I was very frustrated when you think that BTC price is very fluctuate. Tether is a stable coin as like others 4-5 stablecoin but tether is the best one. After everything if you can't trust USDT coin than you can only USD which is available in several exchange, of course should use very trust exchange. Although 10K isn't very big amount to hold in USDT because I trust Tether.