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Questions tagged [tether]

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CryptoAce CryptoAce Thu Mar 28 2024 | 6 answers 1173

Is Tether 100% safe?

I've heard a lot about Tether recently, and it's said to be a stablecoin backed by the US dollar. But is it really 100% safe? I've read some reports about its vulnerabilities and hacks in the past. What are the risks involved, and how can I ensure my funds are secure if I choose to use Tether?

Is Tether 100% safe?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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