[wavepruner]

I think you're living in a media bubble.

There are a plenty of rebuttals to the Tether criticism, but on sites like Hacker News no one bothers anymore. It's not worth dealing with the vitriol and downvotes to even try.

That being said I also have concerns about Tether, but I think they are way overblown.

[rattlesnakedave]

This is the correct answer. This post by Dan held really explains the “it’s not that big of a deal” with tether.

https://danheld.substack.com/p/dont-fear-tether

[ProjectArcturis]

"I want to note that I feel weird defending Tether and Bitfinex. I don’t particularly like either company, as they’ve done a ton of shady things over the years. I am not vouching for the long term durability of either company."

"So we know that Tether is at least partially backed and has functioning wires in and out of the bank they use, Deltec."

Lol okay, nothing to see here, your money is definitely safe.