Topic: Do You trust Tether (USDT) Stablecoin? - page 2. (Read 3297 times)
As this is purely my opinion i like usdt and believe it is the best currency. Actually i mostly use usdt for trading but last year i participated in some ido's and there too usdt was definitely used. Since everything in the crypto market has risk so usdt is not risk free but it has its uses in our crypto workplace. Another interesting listed currency is BUSD.
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 personally use USDT and USDC, especially I often use USDT, especially USDT, the most popular stablecoin people use in the crypto world. There are many types of stablecoins like Busd and USDC, but the easiest and most credible to use, I think, is USDT, what do you think?
Usdt is most popular stable coin i know. It's transaction is easier then other stable coin. And fee is very low so ustd is more popular right now. But it is not stable its price all time i also saw It's chart. And has no 100% backup solution. It iaso has huge Criticism for scam. So i think it has some lack of trust. I will better avoid hold USDT. We can only use it for pair to pair converte with another coin. But holding will be risky i think. It will be better for short time using it is my personal opinion.
Binance USD was one of the competitors of the usdt but now that we can see busd again, I think usdt is the only stable coin in cryptocurrency that investors believe to hold without any problem. Other stable coins are still learning and it would be very difficult for investors to adopt them because there potentials are not yet known in the market. We need to be wise and take things gradually so we don't become a problem for ourselves for buying stable coin that has no value. Usdt is actually good and a lot of people go for tether so no doubt seeing the coin as a good coin, what's actually discouraging me from buying tether is the lack of clarity and I can't just invest my money on a coin I know nothing about, traders get involve in tether a lot due to the stable price and avoiding loss at the same time. The coin has managed to gain a lot of trust over the year and despite the force surrounding usdt people still trust this coin so let's just say udst is not so bad.
Trust is very important, it gives birth to high hopes in the system, not ever going to depend on our compromising incompetent actions in the market. Traders exists in the market for good profits running into their portfolio and not for any reason, we're into the market and it's unknown to any of our colleagues that work with us, we use our medulla oblongata if we want to continue been call partners in the same area of business. Tether is a stablecoin and I've watch and study the coin, it's a broad path down and I won't give any listening ears to some that failed to follow my order when given. 
Usdt is actually good and a lot of people go for tether so no doubt seeing the coin as a good coin,
Is your preference for Tether (USDT) based only on the opinion that it is a good coin (what research is this statement based on?) and on the fact that “many” choose USDT (mass popularity is not an indicator of trustworthiness)?what's actually discouraging me from buying tether is the lack of clarity and I can't just invest my money on a coin
Why invest in a coin pegged to the dollar 1:1? Tether may cost less than a dollar, but it will certainly never cost (much) more than that same dollar. That is, the investment potential is about zero. USDT can be used as a short-term means of converting cryptocurrencies and fast (or cheap) transfers. Tether have the same disadvantages as traditional money - inflation, endless emission, and add to this the centralization and lack of security of these coins, which means no guarantee of the return of your funds in the event of a collapse.I know nothing about, traders get involve in tether a lot due to the stable price and avoiding loss at the same time.
This is roughly what happens. USDT is a temporary means of converting cryptocurrencies in order to wait for the next purchase of crypto at a favorable price. This is good for their purposes, but certainly not for investment.The coin has managed to gain a lot of trust over the year and despite the force surrounding usdt people still trust this coin so let's just say udst is not so bad.
Trust is an abstract concept, in contrast to the facts and arguments of the reliability of the project, which are more suitable arguments for the investor. It is on this faith that this coin rests. It should be undermined at least slightly and USDT will roll down. 
Usdt is actually good and a lot of people go for tether so no doubt seeing the coin as a good coin, what's actually discouraging me from buying tether is the lack of clarity and I can't just invest my money on a coin I know nothing about, traders get involve in tether a lot due to the stable price and avoiding loss at the same time. The coin has managed to gain a lot of trust over the year and despite the force surrounding usdt people still trust this coin so let's just say udst is not so bad.
USDT is actually everyone's favorite and it is popular in the crypto market, no matter how much it brings you, everyone trusts you, but even if this stable coin is above USDT, it is the last of all, but this USDT is still standing. And besides, although there are many more strawbal coins, everyone trusts on this USD and besides, even though there are different types of tokens, everyone solves and changes here, I myself depend on UST and soft tokens, everyone depends on it. So everyone would come to it but blind faith is not good and everything changes with time.
Usdt is most popular stable coin i know. It's transaction is easier then other stable coin. And fee is very low so ustd is more popular right now. But it is not stable its price all time i also saw It's chart. And has no 100% backup solution. It iaso has huge Criticism for scam. So i think it has some lack of trust. I will better avoid hold USDT. We can only use it for pair to pair converte with another coin. But holding will be risky i think. It will be better for short time using it is my personal opinion.
USDT is currently a coin stable with no rivals at all. obviously I strongly believe.
then if you don't believe in USDT then what do you want to trade and cash out your coins using. because all pairs use USDT. except local exchangers. but when you get altcoin coins from airdrops or bounties, they are made into USDT or btc first and then can be disbursed to local exchangers.
but the local exchanger trading fee is large and the withdrawal fee is also equally large so it is less competitive if for trading.
then if you don't believe in USDT then what do you want to trade and cash out your coins using. because all pairs use USDT. except local exchangers. but when you get altcoin coins from airdrops or bounties, they are made into USDT or btc first and then can be disbursed to local exchangers.
but the local exchanger trading fee is large and the withdrawal fee is also equally large so it is less competitive if for trading.
Yes, of course I believe in USDT teter because its value is the same as the American dollar, and currently many Americans are using USDT as a business field, but what I worry about is that America will misuse USDT's popularity. so that USDT will later be isolated, which can affect its price stability in the crypto market,
We actually have our choices to make as far as cryptocurrency is concerned, nevertheless, we should be more thoughtful and not be so judgemental based on the recent happening, or else, it might cloud our reasoning. We should think deeper and be insightful about it to not only trust our coins but also safeguard our assets and interest in them from unforeseen by many things that could happen.Fine, it is a pro that the USDT is not only pegged to the USD but also backed by the same, yet do not forget that manipulations can occur. As a matter of fact, they've manipulated this before, but I only hope that it doesn't be like that of the Terra case where their supposed stablecoin became worthless and people lost their money and have been unable to get it back till today. That is disappointing, and as we are not expecting our lovely Tether which happens to be the number stablecoin in the crypto world, we should at times be thinking towards that since nothing is impossible as far as cryptocurrency is concerned. Also, this is a centralised coin, your asset can be well monitored and controlled.
Now tell me again, do you still trust Tether that much?
It has always been advised that you don't put too much into stable coins, since they are pegged with traditional currency, inflation might hit one day. Beside stable coins are less volatile so why would someone invest in a coin that can even stay for a month without any increase or decrease in price. But USDT has not shown any characteristics of a scam project and it is doing well till today. What I admire of stable coins is there fast transaction rate. They can be used as intermediaries from your bank to the coin you intend investing on.
Yes, I believe in USDT, even though there are so many rumors that say USDT doesn't have a real dollar backup and say USDT is controlled by terrorists and the like, but because the stable coin is the earliest and most widely used, USDT still exists today.
The thing is Tether is working with US law enforcement agencies (FBI, DOJ) to deter criminal activity. It's a good sign that the stablecoin won't be going anywhere soon. The more Tether works with regulators, the better. What troubles me is Tether's malpractice of printing more USDT like there's no tomorrow. If it's able to back the stablecoin with real USD reserves, there should be nothing to worry about.
Be aware that a USDT collapse would be completely disastrous for the crypto market. After all, lots of cryptocurrencies are tied to USDT's liquidity. The downfall will be severe, albeit temporary as the market will recover at a slow and steady pace. We can't predict the future, so lets hope for the best.
and some say in the political scene that this USDT is going to extend the US hegemony for another 100 years if it continues. this is despite without backing.
but true also once the real fiat money USD will collapse because of the QE since it has been in the news many times when i listen to financial guys like Ray Dalio and Peter Schiff, they are looking at the possibility and only time can tell when.
About Tether USDTRC20 I heard from many people whether it is trusted or not so according to me it is trusted project and it is very beneficial many people are doing it very well. It gives benefits to save your fund, to keep your fund stable and also to transfer from one place to another, it works very easily and very well and at a very low fee, so according to me, it is an excellent project. The rest is if anyone has any doubts, then keeping your fund another stablecoin
Yes, I believe in USDT, even though there are so many rumors that say USDT doesn't have a real dollar backup and say USDT is controlled by terrorists and the like, but because the stable coin is the earliest and most widely used, USDT still exists today.
The thing is Tether is working with US law enforcement agencies (FBI, DOJ) to deter criminal activity. It's a good sign that the stablecoin won't be going anywhere soon. The more Tether works with regulators, the better. What troubles me is Tether's malpractice of printing more USDT like there's no tomorrow. If it's able to back the stablecoin with real USD reserves, there should be nothing to worry about.
Be aware that a USDT collapse would be completely disastrous for the crypto market. After all, lots of cryptocurrencies are tied to USDT's liquidity. The downfall will be severe, albeit temporary as the market will recover at a slow and steady pace. We can't predict the future, so lets hope for the best.
In the day trading I do now, I always use the usdt pair from Bitcoin and even other potential altcoins on the exchange platforms where I do trading activity. Even in the transfer of crypto usdt to our currency this is also used.
So it means that this is a huge contribution and help to me to be honest, it also means that most of the communities here usdt reaches the majority of crypto enthusiasts to help them not only in profit but also in transactions.
So it means that this is a huge contribution and help to me to be honest, it also means that most of the communities here usdt reaches the majority of crypto enthusiasts to help them not only in profit but also in transactions.
There are indeed many questions regarding this stablecoin, with the primary concern being the issuance of new coins in massive quantities, especially concerning their backing. I am not confident that all USDT stablecoins are backed by actual dollars, which raises certain doubts. However, on the other hand, USDT has been on the market for a long time, and I don't see many alternatives. Essentially, all cryptocurrencies come with risks. We can discuss what's good and what's bad, but many people still use this stablecoin.
Tether is Good as long as you don't use it for anything wrong. A lot of people might not know that. but Tether can freeze USDT in any wallet they want. that is a kind of thing I don't like. but so far it was only used to stop hackers, and it actually helped a lot of times. a lot of hacked funds were frozen by tether like that.
I think it is a good move for USDT and Cryptocurrency in generally. it'll grow mass adoption of Cryptocurrency by a lot.
Well I am wondering why this is going to happen. The country of Russia now will use it for cross boarder payments.
The payment platform is called Exved also does support the ruble and US dollars. And it will allow Russian businesses to do international transactions using tether.
https://www.cryptotimes.io/russia-integrates-tether-for-cross-border-payments/
So what is wrong in this? If United states and whole world bycott russia frome verywhere then russia had to take a step like that to protetc it's economy and businesss. I am not a supporter of everything Russia doing with Ukraine, But they had to go somewhere to solve their proble so they chose to solve that like this.The payment platform is called Exved also does support the ruble and US dollars. And it will allow Russian businesses to do international transactions using tether.
https://www.cryptotimes.io/russia-integrates-tether-for-cross-border-payments/
I think it is a good move for USDT and Cryptocurrency in generally. it'll grow mass adoption of Cryptocurrency by a lot.
Yes, I believe in USDT, even though there are so many rumors that say USDT doesn't have a real dollar backup and say USDT is controlled by terrorists and the like, but because the stable coin is the earliest and most widely used, USDT still exists today.
USDT is currently the most trusted stable coin. after BUSD was hit by a case with the government and legality in the USA. because those who make BUSD companies in America. so once hit, it's finished.
crypto companies should not need to be established in the USA because America is always in trouble. xrp example from the start of the establishment until now there is no resolution of the problem with the financial authorities in the USA
crypto companies should not need to be established in the USA because America is always in trouble. xrp example from the start of the establishment until now there is no resolution of the problem with the financial authorities in the USA
I still do not understand why it is still one of the most trusted, stablecoins. When it is known to have been the first cryptocurrency that can be frozen and is fully centralized. It is a copy of the USD against which cryptocurrencies were created, but it is still one of the most sought-after coins. If you check its market cap then it is ranked third on the ranking table after Ethereum. Its purpose was to provide stability to traders in a volatile market whereas now it is being used for everything.
Yes, I believe in USDT, even though there are so many rumors that say USDT doesn't have a real dollar backup and say USDT is controlled by terrorists and the like, but because the stable coin is the earliest and most widely used, USDT still exists today.
The main reason why no coin in crypto can be called stable is that in front of our eyes there was a USTC coin that rose to the ground in seconds and people are so scared of it. Because a lot of people had lost, but no exchange took responsibility for it, because the exchange is often hacked, then no one takes responsibility because crypto is something that people keep trying to hack it, but the more people use it.
It's better to use safe wallet for any currency in crypto
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