I'm not going to do the job of Tether's accountants. There is no compelling reas... | Hacker News

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		cormacrelf on May 25, 2022 \| parent \| context \| favorite \| on: Tether Withdrawals Top $10B 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.

jakelazaroff on May 25, 2022 [–]

>* There is no compelling reason to hold it given this risk.*

Sounds like we're on the same page :)

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