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RE: Why You Might Want to Avoid Tethers (USDT)
Yeah agreed, read this on reddit a while ago too.
When holding USDT on an exchange, you are exposing yourself to:
- Changes in US dollar value
- Trust in the exchange
- Trust in OMNI
- Speculation on the USDT value
All those could turn agains you. If the exchange goes bust, or OMNI files for bankruptcy, you're out of luck.
Excellent points. Caveat emptor!