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Tether

Tether is a cryptocurrency that represents real-world assets like the Dollar and Euro on cryptocurrency markets.

Stablecoin

💩 13%

Reviews for Tether

🔑 2 positive | 💩 13 negative

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The success of Tether, despite severe flaws in centralization and lack of transparency, is the only rebuttal necessary. There’s strong demand from the crypto community for a decentralized stablecoin; that is undeniable

2017-12-16 | Full Review

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If Tether can't just publicly show their bank statements, accounts signed powers of attorney docs, and executives authorized signatures against issued tokens, then it's very likely it's a fractional reserve gone *very* wrong. Lesson: Trusted third parties are security holes.

Donald McIntyre, Co-Founder of Global Financial Access and Business Development at ETCDEV

2018-06-20 | Full Review

💩

Just because a document shows a certain bank balance amount on a certain date doesn't mean the funds are unencumbered/free and clear. An audit, which Tether refuses to provide, and which companies large and small undertake on a regular basis, would answer that question.....Additionally, assuming, arguendo, that Tether is backed 1:1 (which I otherwise do not), that much cash sitting in a bank should trade not at par, but at a discount commensurate with the credit rating of the bank.

2018-06-20 | Full Review

💩

Tether is still shady as fuck though, but as a principle it could be applied to other tokens, and is an interesting development.

2018-04-04 | Full Review

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If markets thought Tether was insolvent, it would not still be trading (even against USD) at 1:1

2018-02-13 | Full Review

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"**Yes, the top 0.2% owns over 90% of the token’s total supply.** This is more than double BTC’s wealth concentration." (bolded in the article) So? Tether is a tool to move USD around between exchanges. Why is it bad that a small number of exchanges mainly use this tool?

2018-02-09 | Full Review

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True to at least some of their words, Tether does provide transparency into their USDT issuances. But if we actually scrutinize them, we find a sort of transparency which is no better than Donald Trump Jr tweeting incriminating emails.

2018-01-19 | Full Review

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I'm afraid #tether is an accident waiting to happen. Won't be surprised if bank accnts freeze on accusion of abetting with money laundering.

2017-09-30 | Full Review

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Tether is outsourced banking relationship for inter-exchange transfers. This activity has a high operational lift and is a high risk activity. It was likely never meant to make money. Thus, the price is not reflected in the asset/service.

2018-08-07 | Full Review

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Everyone seems to think that Tether's main problem was whether it's 100% backed...but it's main problem is that it's centralized. And GUSD and USDC are just Tether2.0. 1/

2018-09-26 | Full Review

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Tether is a systemic risk in that if it explodes billions of dollars could effectively disappear & cause exchange insolvencies. An alternative to Tether hugely reduces that risk.

2018-09-10 | Full Review

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Risk is something I’ve grown quite comfortable with as an investor, but I still get super nervous holding Tether for more than a few hours.

2018-10-18 | Full Review

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Tether just redeemed/burned another $500,000,000. This is good for the ecosystem. Having 1 stablecoin with so much gray area surrounding it be so dominant among UAD pegged-tokens is unhealthy. Slow decline of USDT + competition without FUD is healthy.

Brad Mills, Analyst at Alphabit Digital Currency Fund

2018-10-24 | Full Review

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Tether is the bastard child of global capital controls. (If USD could be traded easily and seamlessly by everyone, there would be no need for stable coins.)

2018-10-22 | Full Review

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Tether’s withdraw fees smell like shit. Absolute shit. Can anyone name a single financial service with a withdraw fee that increases in size as a percentage as the size of the withdraw increases?

2018-11-27 | Full Review

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Tether is kind of like USD, except instead being backed by the United States government, it was created by a guy who fled the US following allegations of raping children who claims if he needs more money he just invents a new token.

2018-11-25 | Full Review

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