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

[Dunedoo]

https://tether.to/
Apart from using bitcoin, their website looks smick.

 

[Bridgewater]

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

https://tether.to/wp-content/uploads/2015/04/Tether-White-Paper.pdf

 

[Dunedoo]

So if Tether is aligned to the $, trading would be similar to forex trading. Should be interesting to watch.