[jakelazaroff]

This all is a good explanation for why you might hold USD instead of other assets. It’s a less compelling explanation for why you might hold USDT, which would be the same as holding USD except it also might crash and leave you with nothing.

[cormacrelf]

I'm not going to do the job of Tether's accountants. There is no compelling reason to hold it given this risk. Nevertheless people do, and the reason is what I said + they additionally believe the claims about it being redeemable 1:1 for USD + it's easier to buy and sell crypto with it than actual USD.

[jakelazaroff]

>* There is no compelling reason to hold it given this risk.*

Sounds like we're on the same page :)