You have been warned!

"Their own lawyer admitted that Tethers are not redeemable.. Not financial instruments, and not money .

http://archive.is/TA7Ou

Spoiler:
The lawyer for Tether is Stuart Hoegner, and is general counsel for Bitfinex and Tether. Member of Bars of Ontario (LSUC #42037E) and Nevada (NVbar #12774).

While they are sure to assure everyone that they in fact have 1 USD for every Tether issued, that is pointless if they never actually have to give you that USD for your Tether.
Let’s not forget that the entire concept of Tether, even if they were redeemable and legit, will eventually run afoul of US banking regulations. In my opinion, that is the actual reason why they made them legally no cash value car wash tokens, as an attempt to make them legally permissible. I do not think regulators are this stupid.

Let’s not forget that the entire concept of Tether, even if they were redeemable and legit, will eventually run afoul of US banking regulations. In my opinion, that is the actual reason why they made them legally no cash value car wash tokens, as an attempt to make them legally permissible. I do not think regulators are this stupid.
Let’s think about what happens to Tethers if their bank accounts are seized, or if it turns out that money is co-mingled with BTC-E withdrawals from criminals.

This is actually a subset of a large article about trade wash and spoofing going on. https://t.co/oPOsS6MVzd?amp=1

I do agree though if there is any connection found with Btc-e, or other fraud, Tether is equally unsafe, and will be seized en masse. " - From a user on HackForums