Here you go, you unnecessarily aggressive imbecile (My VPN changed but I'm still the same guy, just different ID):
No not everyone would do it, because most people are financially fucking illiterate as expressed in this thread.
Tether itself is not the best comparison because of course Tether should not really be trusted. However, GIC's CAN BE TRUSTED:
"Make sure your GICs are protected
Your GIC is insured if you bought it at:
any major Canadian bank. Banks are members of the Canada Deposit Insurance Corporation (CDIC).
a credit union or caisse populaire
. Similar insurance is available for deposits.
This means you will get your money back if the financial institution where you bought your GIC closes down or is unable to pay you when the GIC matures. Coverage depends on the value and type of GIC you hold. For example:
CDIC insurance covers you for up to $100,000 in GICs at each financial institution.
U.S. dollar GICs and GICs with terms longer than 5 years are not insured.
The insurance is automatic. You don’t have to do anything, and you don’t have to pay anything extra, to get it.
3 tips to make sure your GICs are protected
To help you stay within the $100,000 limit per financial institution, you can:
Buy GICs at different financial institutions or their related companies. Example: a bank may have a mortgage
company or trust company
that sells GICs.
Put some of the GICs in your name and some in your spouse’s name.
Own GICs jointly with your spouse.
If you hold more than $100,000 in GICs from any one financial institution, the excess amount will not be protected against loss."
ANYTHING else you'd like to learn about today?
Yes OP, eventually it will, wait for a correction.