[shkkmo]

Except that Tether has no legal requirement to allow you to redeem their coins, aren't 100% backed by USD, and has a history of lieing about their backing.

[retube]

Sure, they're unregulated with little or no oversight and could be spunking it all tropical islands, but that's the theory :)

[TrapLord_Rhodo]

That's the point of an algo stablecoin. I can see the code and have direct oversight.