[nailer]

Tether is risky. US based stable coins like USDC and PYUSD are much less risky.

[KaiserPro]

all stable coins are risky, because the peg requires reserves to maintain. the peg break just at the point when you need it to most be in place.

[nailer]

Yes but US-based entities are more likely to have reserves. Tether stopped publishing their ages ago.

[krupan]

"more likely" is so reassuring!

[hlynurd]

After following the work of Zeke Faux I would not touch Tether with a 10 foot pole.

[nailer]

Likewise. It's fine for transient balances but I wouldn't hold anything in USDT for longer than a few minutes. If I was going to pick one thing that would be the next major scandal, Tether would be it.