Controversial Stablecoin Tether always sounds shady. Some agencies audit its smart contract code and give clearance no vulnerability in the smart contract. But it doesn’t mean it'll last forever and never get freezed. Moreover Tether is first Centralized stablecoin, people are using this since years. Tether claimed they are backed by real dollar which still has no proof but maybe based on this statement people keep using it. Well decentralised stablecoin DAI can be use instead of usdt IMHO
Tether reports quarterly on its activities and has regular profits. It is a large company with a large capitalisation. I would compare them to Binance. Of course you can't completely trust USDT, but I think they are more trustworthy in the market than other stablecoins. Especially after the collapse of LUNA and UST. By the way they are not fully backed by the dollar and have even written about it before. 
Topic: Do You trust Tether (USDT) Stablecoin? - page 14. (Read 3297 times)
My basis is that it is all managed by one company and companies bankrupt. That is as simple as that, it is centralized and there is just one company behind it all and they could bankrupt tomorrow all I know and I do not want to be part of it when it does.
I understand not many people think the same way and some thing that it will do fine but I do not share the same feeling, I feel like that is going to be something much different and there is a good chance that we could end up with something much worse. I know that tether as a company could go down in a second and we could end up with something that would be a lot worse and I personally do not want to be a part of it and try to avoid it as much as I can and not own any of it ever.
I understand not many people think the same way and some thing that it will do fine but I do not share the same feeling, I feel like that is going to be something much different and there is a good chance that we could end up with something much worse. I know that tether as a company could go down in a second and we could end up with something that would be a lot worse and I personally do not want to be a part of it and try to avoid it as much as I can and not own any of it ever.
That's the real issue here. It's not like stablecoins are insured by the FDIC (Federal Deposit Insurance Corporation of the US). They're privately-issued digital currencies subject to failure. The issuing company could either go bankrupt, face prosecution from the government, or even lose all of its money due to hacks and/or theft. If one of these unfortunate events happen, you can say bye-bye to your life savings for good.
I'd recommend you cash out for Fiat instead of investing in a stablecoin to minimize losses as much as possible. Stablecoins like USDT and USDC are only a "temporary solution" meant to make traders' lives easier. The real deal would be CBDCs. Just wait until they launch for them to take over the world by storm. Who knows if Tether (USDT) ultimately becomes history? Just my thoughts
Controversial Stablecoin Tether always sounds shady. Some agencies audit its smart contract code and give clearance no vulnerability in the smart contract. But it doesn’t mean it'll last forever and never get freezed. Moreover Tether is first Centralized stablecoin, people are using this since years. Tether claimed they are backed by real dollar which still has no proof but maybe based on this statement people keep using it. Well decentralised stablecoin DAI can be use instead of usdt IMHO
They have long history in cryptocurrency and if there is a stable coin you can trust, USDT is one of the best options you have. Regardless of they cooked their reports, I think they have good treasuries for Tether USD.
However, in cryptocurrency, things can change very fast and we don't know how Tether USDT will change in future. If you want to store your capital in stable coin, I don't think it is safe to store all your capital in only Tether USDT. You can choose some other stable coins to store your capital like BUSD (Binance USD), USDC together with Tether USD.
Decentralize risk of bankruptcy from one stable coin by this way.
trust? there has been so many controverses surrounding the USDT about not having the actual equivalent of the token they minted, it's in public domains, though i use USDT but not trusting it, In terms of trust i will agree with you on USDC However, in cryptocurrency, things can change very fast and we don't know how Tether USDT will change in future. If you want to store your capital in stable coin, I don't think it is safe to store all your capital in only Tether USDT. You can choose some other stable coins to store your capital like BUSD (Binance USD), USDC together with Tether USD.
Decentralize risk of bankruptcy from one stable coin by this way.
Tether has over 2 billion $ in reserves surplus. They have a multi year record of trust & transparency, you can definitely trust them.
@Tether_io
Tether's Latest Q1 2023 Assurance Report Shows Reserves Surplus At All-Time High of $2.44B, up $1.48B in Net Profit; New Categories for Additional Transparency Reveals Bitcoin and Gold Allocations.
https://tether.to/en/tethers-latest-q1-2023-assurance-report-shows-reserves-surplus-at-all-time-high-of-244b-up-148b-in-net-profit-new-categories-for-additional-transparency-reveals-bitcoin-and-gold-allocations/
https://twitter.com/tether_to/status/1656299990367576072
@Tether_io
Tether's Latest Q1 2023 Assurance Report Shows Reserves Surplus At All-Time High of $2.44B, up $1.48B in Net Profit; New Categories for Additional Transparency Reveals Bitcoin and Gold Allocations.
https://tether.to/en/tethers-latest-q1-2023-assurance-report-shows-reserves-surplus-at-all-time-high-of-244b-up-148b-in-net-profit-new-categories-for-additional-transparency-reveals-bitcoin-and-gold-allocations/
https://twitter.com/tether_to/status/1656299990367576072
USDT has last for a long period of time here in the cryptocurrency market which servers as a stable coin, when market is going down, USDT conversion really help to maintain the value of the assets you have, mostly crypto trader are making use of stable coin. Therefore the USDT stable coin is the one of the Worthy trust coin in the cryptocurrency market.
you will regret it when they colapse. USDT marketcap almost reach new all time high while bitcoin and another crypto asset still in bear market,Which mean they are buying some crypto with usdt.
Why do people always want a stable coin I don't like this because if you look stable when you can make a surprising profit and when you feel your heartbeat will be pounding. If everything is only for stable you should see gold. Sometimes I don't understand what humans want with a stable coin.
stablecoin is good when its for trader who want to save their own profit. 
Why not? They have long run history in this crypto market even usdt legal of many country. However many country use usdt of business organised with buy and sell products. This is stable coin which is very helpful for crypto trader and investors. If you want working in crypto then you need to use usdt. If you want hold assets in crypto then you will need usdt.
no one can guarantee 100% that any crypto coin will be safe, even though USDT is known as a reliable stable coin, after all why would you put your money in USDT as a stable coin, you should change your USDT to BNB, at least it's more valuable
Why do people always want a stable coin I don't like this because if you look stable when you can make a surprising profit and when you feel your heartbeat will be pounding. If everything is only for stable you should see gold. Sometimes I don't understand what humans want with a stable coin.
USDT has last for a long period of time here in the cryptocurrency market which servers as a stable coin, when market is going down, USDT conversion really help to maintain the value of the assets you have, mostly crypto trader are making use of stable coin. Therefore the USDT stable coin is the one of the Worthy trust coin in the cryptocurrency market.
no one can guarantee 100% that any crypto coin will be safe, even though USDT is known as a reliable stable coin, after all why would you put your money in USDT as a stable coin, you should change your USDT to BNB, at least it's more valuable
If so far we don't trust Tether as a stablecoin, what is the basis for us not trusting it. The number of stablecoins from Tether continues to increase, but the SEC doesn't seem to see this as something that's important to review. Many have doubted Tether so far, but no one has been able to prove it. As long as exchanges still use it as a stablecoi equivalent to USD, we can still use Tether.
My basis is that it is all managed by one company and companies bankrupt. That is as simple as that, it is centralized and there is just one company behind it all and they could bankrupt tomorrow all I know and I do not want to be part of it when it does.I understand not many people think the same way and some thing that it will do fine but I do not share the same feeling, I feel like that is going to be something much different and there is a good chance that we could end up with something much worse. I know that tether as a company could go down in a second and we could end up with something that would be a lot worse and I personally do not want to be a part of it and try to avoid it as much as I can and not own any of it ever.
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!
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!
Honestly USDT is the best crypto asset I ever know. I've converted the coins and tokens that I've gotten from airdrops or bounty hunters and I'm converting them all to USDT. Because I believe USDT is the best asset for the long term.
I like also USDT and also like binance stable coin BUSD and USDC all but when thinking very faster withdrawal and need to transfer to others people’s and need to transfer other’s exchange account than i,m using TRC-20 network because for faster transaction trc-20 network best i hope than i like TRC-20 USDT.
Usdt is the one that stable coin and you can trust also. And do not invest only in one cryptocurrency try to search for the best that you put on your money. Try bitcoin or ethereum this are the best cryptocurrency that you can invest also your money. So don't put all your money in one basket try to explore.
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!
Regarding Tether (USDT) and its potential impact on the market and Tether has indeed been the subject of controversy and scrutiny, it is important to note that Tether remains the most widely used stablecoin in the crypto space today. As for the question of which stablecoin is the most credible in the crypto space, there is no clear answer. Each stablecoin has its own strengths and weaknesses, and investors should consider these factors.
Some stablecoins, such as USD Coin (USDC) and Paxos Standard (PAX), have received regulatory approvals and are regularly audited to ensure transparency and reliability others, such as Dai (DAI), are decentralized and algorithmically pegged to a stable asset value, such as the dollar US.
i trust the stablecoin as much I trust if it collapsing the entire cryptocurrency market will turn into chaos so basically it's like the last resort.
the market capitalization of this coin is simply too humongous to fail, and even if it did, i doubt entire cryptocurrency will be spared.
however, some stablecoins have failed, such as UST. the coin actually made the crypto market price crash, and evidence that stable coins can also collapse. Apart from that, there are quite a lot of negative issues regarding USDT which is one of the stable coins that has the largest volume at the moment. Well, personally, I don't believe 100% in stable coins. because of that, i never keep my assets in coin stable long term. the market capitalization of this coin is simply too humongous to fail, and even if it did, i doubt entire cryptocurrency will be spared.
i trust the stablecoin as much I trust if it collapsing the entire cryptocurrency market will turn into chaos so basically it's like the last resort.
the market capitalization of this coin is simply too humongous to fail, and even if it did, i doubt entire cryptocurrency will be spared.
the market capitalization of this coin is simply too humongous to fail, and even if it did, i doubt entire cryptocurrency will be spared.
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!
This is a good stablecoin. I often send transactions using TRC-20, because the fee is minimal. TUSTD is a reliable stablecoin. We saw this when the USDC was decreased in price. 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!
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!
If so far we don't trust Tether as a stablecoin, what is the basis for us not trusting it. The number of stablecoins from Tether continues to increase, but the SEC doesn't seem to see this as something that's important to review. Many have doubted Tether so far, but no one has been able to prove it. As long as exchanges still use it as a stablecoi equivalent to USD, we can still use Tether. 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!
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!
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!
I'm sure everyone who owns crypto assets believes in USDT because USDT is the best stablecoin in my opinion and some others. and I'm also sure that everyone must have saved assets in USDT. and the other option in my opinion is BUSD because Binance is one of the best at the moment and a big Exchange market based on coinmarketcap data.
Jump to: