Does anyone else wish we had a better stable crypto than Tether? I frequently wish to cash out to dollars but don't want to go to USD. It is too much of a hassle and costs money.
Tether, on the other hand, seems like a good choice at first. But after reading about it, I'm afraid to ever cash out to Tether again.
1. It's based in Taiwan.
2. The company has no obligation to actually exchange Tether for US Dollars.
3. https://www.reddit.com/r/CryptoCurrency/comments/6n1ycr/tether_scares_the_hell_out_of_me/ Basically everything else in this thread.
We need a stable currency to cash out to that isn't USD. This is fucking bullshit.
>>2962589
people in that thread cant even spell tether
kys
>>2962638
Not an argument.
>>2962638
you didn't notice it was hosted on reddit
>>2962638
>>2962661
[ ] Not told
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>>2962589
enough people believe its worth a dollar so its worth a dollar. end of story
>>2962713
But surely this won't always be true. And when it isn't, I'm not going to be left holding the bag.
>>2962721
why not? The big exchanges all offer it as the default quick way to exchange for dollars and back again, thus containing its value
>>2962756
Because the company that created and backs USD Tether doesn't guarantee that it can be sold back to them for US Dollars.