Hi everyone,
I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here?
I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things.
I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email
[email protected]), or at least I couldn't easily find it.
Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations?
Thanks