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Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by xtracto on Thursday August 12, 2021 @12:31PM (#28158353)
I live in Mexico so I get paid in MXN which historically has been, let´s say less than optimal ( https://www.tradingview.com/symbols/USDMXN/ ). I have a portfolio of different risk profiles (ETFs, bonds, IRA, etc [Mexico equivalents of course]). Some of that is in stablecoins, which are pegged to the US Dollar, because it is the easiest way for me to store them, instead of going to a "casa de cambio" and exchange the bills themselves (with the risk of being robbed, shot or killed).

It's a pretty good use case if you ask me haha.

Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by IncRnd on Thursday August 12, 2021 @03:58PM (#28160737)
It might be a pretty good use case but only until there is a run on Tether.
Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by xtracto on Thursday August 12, 2021 @04:26PM (#28160997)
I don't believe in Tether. I use other stablecoins (mainly DAI and USDC). And also, that's why you diversify your portfolio: All assets have risks.