How safe is Tether.to/USDT?



  • Hi everyone,

    I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here?

    I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things.

    Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations?

    Thanks


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