RE: LeoFinance - Stable Coin Lock Up! Is It Really Your Asset?
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In many ways, Tether acts as a conventional bank. When there is a problem whether it is reported by the account holder or a bank error this seems like an asset. When it comes to you actually owning the crypto and acting as your own bank is not a reality with Tether.
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It is concerning to hear info of Tether not fully backed by the USD but even more so knowing that they have in certain ways the ability to control any Tether in any wallets. I can imagine how frustrated and angry the people who currently have their funds locked up. I hope there are good reasons for the funds to be locked up but gut feeling tells me there really is not. Just have to learn more about a token project and don't take it at face value.
That is true, research has become more important than ever. We should never believe rumors. Research is what protects us and our funds.