Hacker News Reader

Why would you hold significant amounts of Tether? There's no upside and all of the downside.

Why do you do it?

It's used for margin trading at exchanges that do not accept fiat

I suppose leveraged betting is done best when backed by worthless collateral.

exactly and that means that regular long-term investors should not be worried at all about this.

Best liquidity, most pairs, and can be bought at a discount.