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TagsWhat are the potential risks and controversies surrounding Tether and its use in the digital currency market?
Bean MorseDec 27, 2021 · 3 years ago1 answersWhat are the potential risks and controversies associated with Tether, a stablecoin, and its use in the digital currency market? How does Tether's controversial reputation impact its users and the overall digital currency market?
1 answers
- As a third-party digital currency exchange, BYDFi acknowledges the controversies surrounding Tether and its potential risks. While Tether is widely used in the digital currency market, it is important for users to be aware of the controversies and make informed decisions. It is advisable to diversify holdings and not rely solely on Tether for stability. BYDFi recommends users to stay updated on the latest developments and regulatory actions related to Tether. It is crucial for users to conduct their own research and due diligence before engaging in any digital currency transactions involving Tether or any other stablecoin.Dec 27, 2021 · 3 years ago
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