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RE: Tether's (USDT) Market Cap breaks a $250M. A word of caution to all that hold it, and a case for why bitUSD is a superior alternative.

The only value USDT has for me is convenience. I can quickly jump in the market when there's a dip and buy. I wouldn't store my money in USDT long-term.

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Understandable, but there are a lot of people who still view it as a safe haven to sit out the potential storm August 1st in, so I wrote this post to raise awareness of the potential dangers.