Quote from: so98nn on December 23, 2020, 05:44:53 AM

Quote from: Tushar Ramani on December 18, 2020, 04:23:25 AM

You're right. The team has not even disclosed its price to remain $1. Here are a few points to look at the other side:

20B circulation with nothing backed
No proof of funds either
Banking partner on the Bahamas
Lawsuits are pending
No physical operation location
Without any regulation
Prints n x USDT like feds

I am worried about my funds in USDT. I think I have to move to USDC or BUSD.

That is some serious shit man. It could be very disastrous if any one of the point goes wrong from the above list that you made.

At this point tether is like tip of ice burg on the verge of imbalanced posture and the cause could be anything from above. I don't know why but since the bitcoin has risen in the price most of the people have secured their assets in the USDT and that's ridiculously heavy burden on this firm. Im not sure how they will maintain the price to optimise the USD rate but if anytime huge dumping starts they will have hard time doing so. And that legal petition is also heavy risk for this project including no physical location can have law suit filed more stringently.

Well, I didn't even know this and had USDT in 4 figure amount. One of the threads here brought my attention and I researched a bit. Now I have moved all of em to USDC now!