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A comment on Tether Withdrawals Top $10B. Parent comment

Re:Tether Withdrawals Top $10B by jakelazaroff on Tuesday May 24, 2022 @02:33PM (#31495860)
This all is a good explanation for why you might hold USD instead of other assets. It’s a less compelling explanation for why you might hold USDT, which would be the same as holding USD except it also might crash and leave you with nothing.
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Re:Tether Withdrawals Top $10B by cormacrelf on Wednesday May 25, 2022 @07:43AM (#31503126)
I'm not going to do the job of Tether's accountants. There is no compelling reason to hold it given this risk. Nevertheless people do, and the reason is what I said + they additionally believe the claims about it being redeemable 1:1 for USD + it's easier to buy and sell crypto with it than actual USD.
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Re:Tether Withdrawals Top $10B by jakelazaroff on Wednesday May 25, 2022 @10:07AM (#31504710)
>* There is no compelling reason to hold it given this risk.*

Sounds like we're on the same page :)

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