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
Topic: Do You trust Tether (USDT) Stablecoin? - page 3. (Read 3112 times)
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!
Though I am not a crypto expert or haven't been long in crypto currency, but I have strong believe that usdt is a reliable stable coin. USDT has come a long way to disappoint people in future. There is nothing that has advantage and also don't have a disadvantages. There is no coin that doesn't have there lapses but putting it out to USDT makes it looks like it's only USDT is the bad one here. If usdt was not so trusted then why has it been the most used stable coin for transaction across the globe. And used as a medium of binance P2P currency for exchange. I see all those things as a speculation and nothing more. 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!
Well, if we take into account all the stemcoins, then I trust USDT the most, I don’t know why, but most likely this is some kind of psychological aspect, probably because this is my first stemcoin in my wallet. But although I understand that it may also not be stable like all stemcoins.
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.
Well yes I do trust still usdt for my favorite stablecoin. It has biggest marketcap and Tether also does own alot of Bitcoins.
They have 66,465 Bitcoin that is worth about $2.8 Billion. And they will use its profits to buy even more Bitcoins.
https://cryptorank.io/news/feed/17e91-tether-now-holds-2-8-billion-worth-of-bitcoin
true and now even crypto investors prefer tether for their transactions. not using Fiat USD anymore. and if you look at the exchange rate, it is also balanced with fiat. so yes, it must be trusted if this tether becomes a stable coin in the cryptocurrency world.They have 66,465 Bitcoin that is worth about $2.8 Billion. And they will use its profits to buy even more Bitcoins.
https://cryptorank.io/news/feed/17e91-tether-now-holds-2-8-billion-worth-of-bitcoin
That's also why so many people hold tether and make it the mainstream in investing or trading in the market.
Well yes I do trust still usdt for my favorite stablecoin. It has biggest marketcap and Tether also does own alot of Bitcoins.
They have 66,465 Bitcoin that is worth about $2.8 Billion. And they will use its profits to buy even more Bitcoins.
https://cryptorank.io/news/feed/17e91-tether-now-holds-2-8-billion-worth-of-bitcoin
They have 66,465 Bitcoin that is worth about $2.8 Billion. And they will use its profits to buy even more Bitcoins.
https://cryptorank.io/news/feed/17e91-tether-now-holds-2-8-billion-worth-of-bitcoin
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,
Who doesn't know about the popular Tether USDT stablecoin in the market? Except for the newbies who also keen on knowing stablecoins first before exploring any other options of advancing to next building phase. The popularity of the market depends on the tokens more especially the pumping ones mostly referred to as memecoins and they've changed the life's of investors. USDT is a stable coin right from time and have been for decades, I see no need for the stable coin to fluctuate in value, afterall numerous crypto exchanges have place stability on the token worldwide. 
Tether has now frozen 41 wallets that is tied to sanctions. It is a effort to strengthen its security measures.
The wallets are people on the list of Office of Foreign Assets Control. I think this is a good thing for Tether to so letting people know they can not do illegal things with the stablecoin.
https://markets.businessinsider.com/news/currencies/tether-freezes-41-crypto-wallets-tied-to-sanctions-1032887403
The wallets are people on the list of Office of Foreign Assets Control. I think this is a good thing for Tether to so letting people know they can not do illegal things with the stablecoin.
https://markets.businessinsider.com/news/currencies/tether-freezes-41-crypto-wallets-tied-to-sanctions-1032887403
Tether's measures are good for tackling criminal activities on the Blockchain. But what if it decides to target individuals' stablecoin holdings at the request of the US government? Then it would make Tether no different than traditional banks. You can never trust a centralized coin subject to manipulation and corruption. For complete peace of mind, convert your crypto to a decentralized stablecoin such as DAI or USDJ.
Who needs a coin tied to existing Fiat currencies anyways? Isn't the whole point of crypto self-sovereignity and financial freedom? By using a stablecoin like Tether, you become a "slave" of the banking system. I'd prefer to use a truly-decentralized cryptocurrency like Bitcoin, even though its price fluctuates in Fiat terms (volatility). You'd need to choose between freedom or slavery. With Fiat currencies on the brink of collapse, Tether and similar stablecoins have their days numbered. Who knows if they're eventually replaced by CBDCs? Just my thoughts
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,
I think that's what they have to do whether they like it or not. USDT is based on the dollar and they also do a lot of business in America. Of course this will make America try to take advantage of it. By making USDT under their control they will secure a place in the future if cryptocurrency technology is truly realized throughout the world. The United States will do anything to gain its personal advantage.
Tether has now frozen 41 wallets that is tied to sanctions. It is a effort to strengthen its security measures.
The wallets are people on the list of Office of Foreign Assets Control. I think this is a good thing for Tether to so letting people know they can not do illegal things with the stablecoin.
https://markets.businessinsider.com/news/currencies/tether-freezes-41-crypto-wallets-tied-to-sanctions-1032887403
The wallets are people on the list of Office of Foreign Assets Control. I think this is a good thing for Tether to so letting people know they can not do illegal things with the stablecoin.
https://markets.businessinsider.com/news/currencies/tether-freezes-41-crypto-wallets-tied-to-sanctions-1032887403
This action is looking apparently best for Tether security but it also gives a sign of danger that Usdt is working under USA control and USA can use it for own purpose in the war. If usdt team can frozen any wallet then most of countries who has not good relationship with USA will not use it because USA will order to freeze usdt in specific country wallets and will label it for illegal activity or terrorism. Stable coins should have to be totally decentralized without any control of any country.
Tether has now frozen 41 wallets that is tied to sanctions. It is a effort to strengthen its security measures.
The wallets are people on the list of Office of Foreign Assets Control. I think this is a good thing for Tether to so letting people know they can not do illegal things with the stablecoin.
https://markets.businessinsider.com/news/currencies/tether-freezes-41-crypto-wallets-tied-to-sanctions-1032887403
The wallets are people on the list of Office of Foreign Assets Control. I think this is a good thing for Tether to so letting people know they can not do illegal things with the stablecoin.
https://markets.businessinsider.com/news/currencies/tether-freezes-41-crypto-wallets-tied-to-sanctions-1032887403
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!
For now usdt, because it is the most commonly used, recognized by many people, and has a stable exchange rate. And, usd also backed by usd, this making it even safer for transactions in the crypto world. 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!
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/
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/
The market is only going up because of Tether printing usdt. I don't know what could happen to the whole industry if something happens to Tether. It seems to me that no alternatives will be able to help. Trust in any stablecoins will be lost forever. So I guess there is no big difference in trust in different projects.
Talk about manipulation. And yet, we've thought central banks were the only ones doing this. You can't expect anything good from a coin that's pegged to the value of a centralized currency (Fiat). That's why Bitcoin was created independently from the existing monetary system. Would you imagine the USD crashing real hard in the future? It would certainly drive Tether's market price to $0. Or Tether itself could lose its peg for unknown reasons.
If USDT dies, expect the "bloodbath" to last for quite some time. This would be good for buyers, but bad for holders. The crypto market often behaves in many strange and bizarre ways, so I'd proceed with caution just to be safe.
Of course, I really believe in USDT because its popularity is very high. Apart from that, Tether is a very stable coin, therefore this coin is the best solution when the crypto market experiences inflation like several years ago.
I agree, since I first got to know crypto I have used USDT and in using USDT until now I have never encountered any irregularities. and the reality is that currently USDT is the largest stable coin and has the most stable value. I think there is no reason not to believe in USDT 
I didn’t seen any reason for untrust usdt because if we are investors then we can use usdt for buy new or old token. Just enough thinking for little investors but if you are a milliner then you can thinking of trust history. I believe usdt good strategy and impressive quality project in the crypto market.
When I checked trading view just, I saw that USDT is the second to Bitcoin in price and it is very close to Bitcoin and the only different I can figure out from these two is volatile of Bitcoin and USDT is a stable coin. And people use USDT in Binance more Bitcoin because it stable nature. I have seen a lot of my friends and relatives are using USDT for transaction and storing. They even buy it and keep it in their exchange wallet.Many trust USDT tether because it is easy for them to calculate it with dollar.
USDT is indeed a stablecoin designed to maintain the US dollar peg. However, there are several concerns that arise in my mind regarding USDT, including, because USDT lacks transparency regarding its reserves. Apart from that, there are also concerns that USDT might be used to manipulate the cryptocurrency market. However, my concerns are based on accusations and controversies surrounding USDT circulating in various news, although this does not mean that all my concerns are valid or that USDT has fundamental weaknesses. However, a lack of transparency and regulatory oversight has contributed to doubts and questions surrounding USDT operations.
Tether's unwillingness to provide proof of USD reserves, should be a huge red flag for anyone considering investing into it for the long haul. We should seek alternatives that are regulatory-compliant for complete peace of mind. I believe USD Coin and Paxos USD are much safer options. USDT may be the biggest stablecoin on the market, but that doesn't mean it's "safe". It may've reached that position due to market manipulation by the issuing company. Constant "printing" of new USDT, tells us exactly that.
The crypto market often behaves in many strange and bizarre ways, so it's best to diversify just in case. I can see how negatively the market will react after a USDT collapse. Who knows how much time there is left before this happens? Just my thoughts
USDT is indeed a stablecoin designed to maintain the US dollar peg. However, there are several concerns that arise in my mind regarding USDT, including, because USDT lacks transparency regarding its reserves. Apart from that, there are also concerns that USDT might be used to manipulate the cryptocurrency market. However, my concerns are based on accusations and controversies surrounding USDT circulating in various news, although this does not mean that all my concerns are valid or that USDT has fundamental weaknesses. However, a lack of transparency and regulatory oversight has contributed to doubts and questions surrounding USDT operations.
Tether's unwillingness to provide proof of USD reserves, should be a huge red flag for anyone considering investing into it for the long haul. We should seek alternatives that are regulatory-compliant for complete peace of mind. I believe USD Coin and Paxos USD are much safer options. USDT may be the biggest stablecoin on the market, but that doesn't mean it's "safe". It may've reached that position due to market manipulation by the issuing company. Constant "printing" of new USDT, tells us exactly that.
The crypto market often behaves in many strange and bizarre ways, so it's best to diversify just in case. I can see how negatively the market will react after a USDT collapse. Who knows how much time there is left before this happens? Just my thoughts
I didn’t seen any reason for untrust usdt because if we are investors then we can use usdt for buy new or old token. Just enough thinking for little investors but if you are a milliner then you can thinking of trust history. I believe usdt good strategy and impressive quality project in the crypto market.
Yes usdt has been in a good position in the market for a long time with a very high marketcap. So there is nothing to disbelieve it. all investors trust it a lot and use it for trading and use it to stable there money on cryptocurrency. So of course it's a trusty peg. But since investing in crypto coins is risky because sometimes crypto coins crash and stable coins like ust are not excluded. So due to this one should not keep very high amount of money here Jump to: