Well the crypto markets has been losing its profits for a short time. But this does not stop Tether from printing another $1 Billion of the stablcoin USDT.
I think this deploying of more money into the crypto market is a 'bullish' sign. https://whale-alert.io/transaction/ethereum/0xf9a83f786987ececb9b5912b0e59b27715bf937603acd09a39c4c53d83926cb7
Topic: Do You trust Tether (USDT) Stablecoin? - page 11. (Read 3112 times)
for now yes, because in my opinion USDT is still a stable coin that is safe to use compared to other stable coin, because the market cap and trading volume of USDT is still very high compared to other stable coin and USDT is also in the top 10 on coinmarketcap, so that proves if there are still many people who use USDT and of course that's what makes me still believe in using USDT at this time.
So far, USDT rarely has a problem compared with another stable token. I don't know why people are still feeling doubt with USDT. it has proven if USDT has become the most reliable stable token. No reason to call it as a scam or something else.
People talked about reserved too much but it's still mostly used by crypto users.
for now there is no doubt about Tether USDT because USDT is still used by all users, communities and even whales,
and most importantly there is no bad news about Tether so it doesn't matter if at this point I trust USDT 100%.
for now yes, because in my opinion USDT is still a stable coin that is safe to use compared to other stable coin, because the market cap and trading volume of USDT is still very high compared to other stable coin and USDT is also in the top 10 on coinmarketcap, so that proves if there are still many people who use USDT and of course that's what makes me still believe in using USDT at this time.
So far, USDT rarely has a problem compared with another stable token. I don't know why people are still feeling doubt with USDT. it has proven if USDT has become the most reliable stable token. No reason to call it as a scam or something else.
People talked about reserved too much but it's still mostly used by crypto users.
Tether is one of the most widely used stablecoins in the cryptocurrency market and is designed to maintain a 1:1 peg with the US dollar. It has been subject to scrutiny and controversy in the past regarding its transparency and claims of insufficient backing reserves. It's important for individuals and investors to conduct their own research and due diligence when considering the use or trustworthiness of any stablecoin or cryptocurrency.
the tether themselves has disclosed their accredited reserve, i think if someone really try to conduct a research on this stablecoin, they'd just found out that the reserve always matching.but honestly,there are some other things that makes bad rumours revolves around this stablecoin, even though having insufficient reserve is definitely one of them, but none could really prove that to be true.
in the meantime I guess using USDT is fine, so long we are not holding it for too long term like for years, that way we didn't get affected if something to occur.
after all the fact that it has massive liquidity also means that even if the coin turns out to be collapsing you still have some time to liquidate your assets, that though only if you keep updated.
for now yes, because in my opinion USDT is still a stable coin that is safe to use compared to other stable coin, because the market cap and trading volume of USDT is still very high compared to other stable coin and USDT is also in the top 10 on coinmarketcap, so that proves if there are still many people who use USDT and of course that's what makes me still believe in using USDT at this time.
So far, USDT rarely has a problem compared with another stable token. I don't know why people are still feeling doubt with USDT. it has proven if USDT has become the most reliable stable token. No reason to call it as a scam or something else.
People talked about reserved too much but it's still mostly used by crypto users.
If Tether (USDT) is considered the pioneer stablecoin and as long as it's SEC-free and legit, I'm still sticking with it. Yes. Stablecoins play an important role in protecting wealth from market fluctuations, and Tether allows easy liquidation if it wants to lose its peg to the USD.
I wouldn't say it's "SEC-free". Gary Gensler will soon target stablecoins claiming they are unregistered securities. What will only survive is BTC and similar coins with a PoW model. If USDT wants to stay in business, it's going to need to comply with regulations no matter the cost. Otherwise, it'll be game over for good.
Despite the regulatory turmoil facing the United States, stablecoins have potential to change the crypto industry for the better. They're useful "tools" for those who want the best of both worlds (Fiat and crypto). You'll get the stability of the USD, and the security + cost-efficiency of crypto/Blockchain tech. Tether (USDT) is the pioneer of the stablecoin industry, so it has a high chance of winning in the long run. Who knows if it ends up being the only stablecoin in existence while the rest fade away into oblivion? Just my opinion
I am just scared about tether because the current circulating supply is rising so big right now
If Tether (USDT) is considered the pioneer stablecoin and as long as it's SEC-free and legit, I'm still sticking with it. Yes. Stablecoins play an important role in protecting wealth from market fluctuations, and Tether allows easy liquidation if it wants to lose its peg to the USD.
I wouldn't say it's "SEC-free". Gary Gensler will soon target stablecoins claiming they are unregistered securities. What will only survive is BTC and similar coins with a PoW model. If USDT wants to stay in business, it's going to need to comply with regulations no matter the cost. Otherwise, it'll be game over for good.
Despite the regulatory turmoil facing the United States, stablecoins have potential to change the crypto industry for the better. They're useful "tools" for those who want the best of both worlds (Fiat and crypto). You'll get the stability of the USD, and the security + cost-efficiency of crypto/Blockchain tech. Tether (USDT) is the pioneer of the stablecoin industry, so it has a high chance of winning in the long run. Who knows if it ends up being the only stablecoin in existence while the rest fade away into oblivion? Just my opinion
yeah, there's no need to talk about it anymore because the credibility and trust in USDT is really very big,
it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.
The fact that many crypto exchange uses USDT was one of the major reason why I also use it though I mainly used it for transaction purposes because my broker adopted it for swift transactions, however I can't hodl my major assets in USDT I would rather store my asset in Bitcoin to avoid unnecessary touching story with regards to the credibility and trustworthy of USDT and nothing is certain among stable coins except the major cryptocurrencies whose credibility is guaranteed and well tasted and confirmed though this is my personal opinion.it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.
since even if they went bankrupt there is chance they can still recover back since they got help from government.
There is still no guaranteed even if we say that these banks are backed by the government, if I remember it correctly, there is already a case about that same scenario where the bank did not recover even if they are supposed to get some help. Some are purposely doing it and will just establish another bank with the same affiliates, I don't know why but maybe they are just trying to avoid something including the people's money who trusted their bank.
Anyway, back to the topic, staking or storing in USDT and other stable coins are good but just like what everybody is saying, it is not really advisable to do it long term as you might be in a situation where you didn't imagine in the first place.
for now yes, because in my opinion USDT is still a stable coin that is safe to use compared to other stable coin, because the market cap and trading volume of USDT is still very high compared to other stable coin and USDT is also in the top 10 on coinmarketcap, so that proves if there are still many people who use USDT and of course that's what makes me still believe in using USDT at this time.
What is the reason they say that Tether is the biggest scam? Are they seeking public attention for their content?
Tether is the best stablecoin in my opinion. I've been using Tether as my transaction tool for a long time.
Logically if Tether is a problem why are they still around today? How come we never once heard that they were in trouble? I think Coffezilla is doing some shit and something that doesn't make any sense.
Tether is the best stablecoin in my opinion. I've been using Tether as my transaction tool for a long time.
Logically if Tether is a problem why are they still around today? How come we never once heard that they were in trouble? I think Coffezilla is doing some shit and something that doesn't make any sense.
Tether is one of the most widely used stablecoins in the cryptocurrency market and is designed to maintain a 1:1 peg with the US dollar. It has been subject to scrutiny and controversy in the past regarding its transparency and claims of insufficient backing reserves. It's important for individuals and investors to conduct their own research and due diligence when considering the use or trustworthiness of any stablecoin or cryptocurrency.
I'm in crypo world since 2021 only and since then I've noticed a lot of folks talking about Tether as being a potentional scam that may crash the markets one day and I've watched videos from crypto detectives/scam busters such as Coffeezilla and he makes some pretty fair points about Tether being the cryptos biggest scam.
I wanna personally know from people who have been in crypto for little longer than I have and maybe know a few things more or could share their personal view on Tether.
My side question to this would also be: Which type of stablecoin do You find the most credible in the Crypto space?
Thanks in advance for more experienced folks for sharing their insight!
Of course, if you choose from two coins, let's say USDT and USDC are widely accepted, but differ in their usefulness. USDT is the most traded cryptocurrency with the highest 24 hour volume, while USDC is considered to be the safest store of funds as it is audited annually, here I would choose whichever is more reliable. I wanna personally know from people who have been in crypto for little longer than I have and maybe know a few things more or could share their personal view on Tether.
My side question to this would also be: Which type of stablecoin do You find the most credible in the Crypto space?
Thanks in advance for more experienced folks for sharing their insight!
Yes, Dollarization. Despite the controversy surrounding Tether, I don't think conclusive evidence has been provided to confirm it as fraud or to definitively prove the allegations against it. Stablecoins have different mechanisms to maintain stability and different levels of transparency including USD Coins (USDC), Dai (DAI), and TrueUSD (TUSD) and these are as far as I know.
UST was an algorithmic stablecoin backed by nothing. It was artificially "pumped" by the Luna Foundation Guard. With USDT, things are different. The stablecoin is backed by real USD reserves in a 1:1 ratio. Peg cannot be lost this way, unless the banks holding the USD reserves collapse in their entirety.
That is true and it seems many are ignorant with this fact, both are stablecoin yes but they are entirely different stablecoin with entirely different system.UST is just got its value artificially, basically like illusions while USDT got the value because they are reserving money for real.
the only way USDT could collapse is if the money reserved didn't match the total supply of the stablecoin they issued.
even then they could just fill in the gap in no time if they have still capital and the coin left unscathed. it's entirely different thing to be compared.
it's the pioneer of stablecoin, I think i trust this coin like i trust any other stablecoin out there that are legitimate.
after all, saving wealth from fluctuation will be harder without them, in case of the coin is about to lose its pegging to the USD i could simply just liquidate it.
after all, saving wealth from fluctuation will be harder without them, in case of the coin is about to lose its pegging to the USD i could simply just liquidate it.
yeah, there's no need to talk about it anymore because the credibility and trust in USDT is really very big,
it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.
The fact that many crypto exchange uses USDT was one of the major reason why I also use it though I mainly used it for transaction purposes because my broker adopted it for swift transactions, however I can't hodl my major assets in USDT I would rather store my asset in Bitcoin to avoid unnecessary touching story with regards to the credibility and trustworthy of USDT and nothing is certain among stable coins except the major cryptocurrencies whose credibility is guaranteed and well tasted and confirmed though this is my personal opinion.it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.
since even if they went bankrupt there is chance they can still recover back since they got help from government.
nothing is 100% safe do you remember the USTC incident? and take a good look at that incident,
the price of USTC was originally $ 1 and they said it was backed by USD but in fact now USTC has regressed -99%,
and can even be said to be the worst stable coin event in the world of crypto currency,
so with that incident of course we also have to be careful of other stable coins, including USDT
the price of USTC was originally $ 1 and they said it was backed by USD but in fact now USTC has regressed -99%,
and can even be said to be the worst stable coin event in the world of crypto currency,
so with that incident of course we also have to be careful of other stable coins, including USDT
UST was an algorithmic stablecoin backed by nothing. It was artificially "pumped" by the Luna Foundation Guard. With USDT, things are different. The stablecoin is backed by real USD reserves in a 1:1 ratio. Peg cannot be lost this way, unless the banks holding the USD reserves collapse in their entirety.
I'd trust USDT more than any other stablecoin backed by algorithms (such as Neutrino USD, USDD, etc.). However, that doesn't mean I'll be careless by putting all of my life savings into it. USDT is centralized after all. Same as USDC, TUSD, and others. Crypto is all about decentralization and freedom, so I'd suggest you put most of your money into BTC and ETH just to be safe. Who knows if stablecoins are eventually replaced by CBDCs? Just my opinion
if you are suspicious of UST and think It was artificially "pumped" by the Luna Foundation Guard. It doesn't matter now. they are gone for real. And the problem is we should not fall in love with your own crypto.
about USDT is rank 3 by marketcap but it's very different from bitcoin/altcoin which does not have 100% liquidity like USDT.
for example if someone sells 1% of the total supply of bitcoins, the price can drop by more than 10% and how about stablecoin? it's must be 1:1 and do you think it's 100% safe?
nothing is 100% safe do you remember the USTC incident? and take a good look at that incident,
the price of USTC was originally $ 1 and they said it was backed by USD but in fact now USTC has regressed -99%,
and can even be said to be the worst stable coin event in the world of crypto currency,
so with that incident of course we also have to be careful of other stable coins, including USDT
the price of USTC was originally $ 1 and they said it was backed by USD but in fact now USTC has regressed -99%,
and can even be said to be the worst stable coin event in the world of crypto currency,
so with that incident of course we also have to be careful of other stable coins, including USDT
UST was an algorithmic stablecoin backed by nothing. It was artificially "pumped" by the Luna Foundation Guard. With USDT, things are different. The stablecoin is backed by real USD reserves in a 1:1 ratio. Peg cannot be lost this way, unless the banks holding the USD reserves collapse in their entirety.
I'd trust USDT more than any other stablecoin backed by algorithms (such as Neutrino USD, USDD, etc.). However, that doesn't mean I'll be careless by putting all of my life savings into it. USDT is centralized after all. Same as USDC, TUSD, and others. Crypto is all about decentralization and freedom, so I'd suggest you put most of your money into BTC and ETH just to be safe. Who knows if stablecoins are eventually replaced by CBDCs? Just my opinion
yeah, there's no need to talk about it anymore because the credibility and trust in USDT is really very big,
it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.
The fact that many crypto exchange uses USDT was one of the major reason why I also use it though I mainly used it for transaction purposes because my broker adopted it for swift transactions, however I can't hodl my major assets in USDT I would rather store my asset in Bitcoin to avoid unnecessary touching story with regards to the credibility and trustworthy of USDT and nothing is certain among stable coins except the major cryptocurrencies whose credibility is guaranteed and well tasted and confirmed though this is my personal opinion.it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.
yeah, there's no need to talk about it anymore because the credibility and trust in USDT is really very big,
it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.
The fact that many crypto exchange uses USDT was one of the major reason why I also use it though I mainly used it for transaction purposes because my broker adopted it for swift transactions, however I can't hodl my major assets in USDT I would rather store my asset in Bitcoin to avoid unnecessary touching story with regards to the credibility and trustworthy of USDT and nothing is certain among stable coins except the major cryptocurrencies whose credibility is guaranteed and well tasted and confirmed though this is my personal opinion. it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.
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