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What are the potential risks and concerns associated with using Tether as a cryptocurrency?

avatarAbir AntorNov 26, 2021 · 3 years ago1 answers

What are the potential risks and concerns that users should be aware of when using Tether as a cryptocurrency?

What are the potential risks and concerns associated with using Tether as a cryptocurrency?
Tether
Cryptocurrency
Risks

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we understand that there are potential risks and concerns associated with using Tether as a cryptocurrency. One of the main concerns is the lack of regulatory oversight. Tether operates in a relatively unregulated space, which can make it more susceptible to fraud and manipulation. Additionally, there have been concerns about the stability of Tether's reserves. While Tether claims to be fully backed by real-world assets, there have been doubts about the accuracy of these claims. It's important for users to carefully consider these risks and make informed decisions when using Tether as a cryptocurrency.

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