Anyone had a look at Teher? $83k volume in 24hours

This doesn't exactly inspire confidence. I admire their honesty, though. I'd trust it more than Ripple!

Implementation Weaknesses
We understand that our implementation doesn't immediately create a fully trustless cryptocurrency system...
  • We could go bankrupt
  • Our bank could go insolvent
  • Our bank could freeze or confiscate the funds
  • We could abscond with the reserve funds
  • Re-centralized of risk to a single point of failure
Click to expand...

https://tether.to/wp-content/uploads/2015/04/Tether-White-Paper.pdf
 
So if Tether is aligned to the $, trading would be similar to forex trading. Should be interesting to watch.
 
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