Does any one hold Tether (USTD) in blockfi? Interest rate is 9.3% apy and tether has held it's value pretty much 1:1 over the last year with USD. Is there a catch?

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I’ve heard they’ve had legal issues, so I just use GUSD or USDC

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Did a post about this a few days ago. Scroll back a lil

Got it. USDC is still 8.6%

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Tether is a gray market coin.

TUSD definitely serves a purpose, but I attribute additional risk associated with TUSD especially because they don’t have 1:1 usd reserves, and there is ongoing legal issues with bitfinex and the US.

Not worth the additional 0.7% yield in my risk tolerance.

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How reputable is USDC?

Governed by CENTRE consortium (Coinbase + Circle). Claim to be fully regulated and back each USDC with $1, audited on a regular basis.

Pretty reputable

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Tether may not be as stable as they claim, and if the legal issues go wrong it may be worth like 1/3 of what it is now. If you want a stable coin I suggest DAI

I’m going to do USDC myself

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