Do You trust Tether (USDT) Stablecoin? - page 6.

Bushdark

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Quote from: Cryptoababe on November 15, 2023, 05:57:21 PM

I've considered USDT to be the most trusted stable coins after the recent depegs of stablecoins. Most time, i do liquidity mining with stable coins before getting to know about Bitget smart portfolio where I can easily pair anything. But then, I loss some funds due to USDC depeg cos I converted some to USDT when at 0.8 USD per USDC. So now, I pair with USDT only.

I think the USDT team are doing a Weldon job by using part of the liquidity profits to invest in Bitcoin and other altcoins like Ethereum that have good potential of doing well in the market. I don't know about other stable coins but I think USDT is the best stable coin in the market Right now. Like we all know that the Crypto market is very risky and we need to take the risk we know we can afford to lose.
We don't have to try any cryptocurrency project because the worse can happen at anytime.

slashz9

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Quote from: ashslm on February 09, 2023, 02:46:27 AM

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 USDC and BusD are the most credible in my opinion, but it's not impossible that people don't use Tether, because I sometimes sell my USDT via P2P and they still accept it.

mich

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I still do trust Tether and think it is the best stablecoin. Now it will invest $500 Million into a Bitcoin mining business over the next 6 months.
It will start with mining in the country Uruguay and wants to reach 1% of Bitcoin mining computer power.
https://news.bitcoin.com/tether-charts-strategic-course-in-bitcoin-mining-plans-500-million-infusion/

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Quote from: batang_bitcoin on November 14, 2023, 04:54:22 PM

Many still like Tether no matter issues are being thrown on it. With the volume that it has, that only tells one thing and that means that it's being trusted by many. Or not being trusted but because of the volume, they choose to use it instead of any other stable coins

Still i haven’t found any bad report that make me worry about usdt. And i believe most of us here, use usdt daily for trading, for business, investment, payment and others reasons. But if anyone think that usdt is risky, then crypto market is offers a lots of alternative ways where need can fulfilled with others stable altcoins. Usdc dai are available and also others stablecoin are available. But if you ask about me, i still Trust usdt

Cryptoababe

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I've considered USDT to be the most trusted stable coins after the recent depegs of stablecoins. Most time, i do liquidity mining with stable coins before getting to know about Bitget smart portfolio where I can easily pair anything. But then, I loss some funds due to USDC depeg cos I converted some to USDT when at 0.8 USD per USDC. So now, I pair with USDT only.

Abiky

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Quote from: libert19 on November 14, 2023, 08:40:58 AM

I don't trust any crypto, but I gotta give it to Tether, it has been always been surrounded by accusations but their stable coin never depegged (It has momentarily due to fuds).

If the accusations are true, then Tether (USDT) is bound to lose its peg sooner or later. It's like a "ticking time bomb". Once it detonates, crypto market prices will plunge like never before. A recovery is certain, but it will take a lot longer than expected. It will be a great buying opportunity for whales, but a huge loss for investors.

You can never trust something that isn't backed by the government. Private companies are known to fail over time. But governments always manage to manipulate their currencies for their own convenience. I believe stablecoins will end up being replaced by CBDCs, as governments force their use. It will be a short ride for Tether, USD Coin, and the likes. Ultimately, what matters is decentralization. As long as we have truly-decentralized cryptocurrencies by our side, nothing else matters. Grin

dansus021

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by marketcap usdt is the best but did u really believe that tether has that money and this only usdt we dont talk about their gold backed xaut and eurt and other. if all combine the money would be a lot?

one thing why tether is popular because it is everywhere on almost any popular chain and many centralized exchange do i believe the answer is yes and no

Dr.Osh

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Quote from: libert19 on November 14, 2023, 08:40:58 AM

I don't trust any crypto, but I gotta give it to Tether, it has been always been surrounded by accusations but their stable coin never depegged (It has momentarily due to fuds).

Quote from: ashslm on February 09, 2023, 02:46:27 AM

My side question to this would also be: Which type of stablecoin do You find the most credible in the Crypto space?

Usdc, don't ask for reasons, I just do.

Since the UST case, my trust in crypto has decreased, even some of the investments that I felt had great potential have also become scams. Back to the case of Stable coins, I also don't believe in USDT, however, the stable coin that I use most often is USDT. The reason is because USDT has a ranking of 3 on CMC, and I think USDT is the most frequently used stable coin at the moment.

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Quote from: batang_bitcoin on November 14, 2023, 04:54:22 PM

Many still like Tether no matter issues are being thrown on it. With the volume that it has, that only tells one thing and that means that it's being trusted by many. Or not being trusted but because of the volume, they choose to use it instead of any other stable coins.

Quote from: libert19 on November 14, 2023, 08:40:58 AM

Usdc, don't ask for reasons, I just do.

This is the other one that I use these days. I don't know why as well but maybe there's a magnet on it that makes me use it because I have always seen it being said by people.

most of people, just like me, want most convenient way to deal with storing asset which didn't fluctuate in value and USDT did just that with the fact that USDT is accepted in so many places.
kinda give assurance that my wealth is safe in this form of stablecoin.
of course diversifying portfolio is also good way, but sometime you know we're too lazy to deal with these diversification while also not adding some additional value towards our wealth that we just ignore it, considering the fact that USDT might be too big to fail but honestly seeing ftx and its stablecoin went to zero, i doubt the phrase, too big to fail is still relevant. but regardless its just most convenient.

batang_bitcoin

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Many still like Tether no matter issues are being thrown on it. With the volume that it has, that only tells one thing and that means that it's being trusted by many. Or not being trusted but because of the volume, they choose to use it instead of any other stable coins.

Quote from: libert19 on November 14, 2023, 08:40:58 AM

Usdc, don't ask for reasons, I just do.

This is the other one that I use these days. I don't know why as well but maybe there's a magnet on it that makes me use it because I have always seen it being said by people.

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Quote from: ashslm on February 09, 2023, 02:46:27 AM

My side question to this would also be: Which type of stablecoin do You find the most credible in the Crypto space?

Choosing a more stablecoin, I'm going with USDT and USDC, they're similar and served different objectives but they're both mostly used as gas fees. None of these crypto projects are safe for us to invest, rather we should plan for good results and plan for better days ahead, always prepared for the worst to happen in the system. First of all, it's not advisable to put your trust in any of these projects because there's presence of high volatility in the system, we just stick to a promising project and invest in, none of us is confident because incident that would happen tomorrow or next can greatly affects our planning and balanced positions in the market.

libert19

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I don't trust any crypto, but I gotta give it to Tether, it has been always been surrounded by accusations but their stable coin never depegged (It has momentarily due to fuds).

Quote from: ashslm on February 09, 2023, 02:46:27 AM

My side question to this would also be: Which type of stablecoin do You find the most credible in the Crypto space?

Usdc, don't ask for reasons, I just do.

mich

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Well Tether has just printed $4 Billion usdt in just the past month. And I still think it is the most trusted stalecoin in crypto with biggest marketcap of all stablecoins.

Tether is going to plan 5 new projects in the year 2024. It plans to really have a impact in Web 2. https://www.cryptopolitan.com/tether-mints-4-billion-usdt-in-a-month/

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Quote from: Teraboy on October 04, 2023, 06:35:37 PM

i honestly don't care with all these news, because every coin doesn't matter how big could definitely have the chance of collapsing, i don't think USDT is an exception.
whats important is to simply watch out for the news about the collapse of the stablecoins.
because that way you can exit the stablecoin and retain your money.

USDT is one of the trusted stable coins in the market right now and I can see that there are some persons that are trying to fud the project. USDT team had invested there funds in Bitcoin and other tokens too so it is going to be hard for us to see anything like rug pull in the project. It is a regulated stable which is different from it fellow competitors that might be trying to weigh it down. It is true that the crypto market is very risky since a lot had happened in the past and even in the future, more can still happen. We need to measure our safety and not to put too much trust on any cryptocurrency apart from Bitcoin.

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Quote from: Psynthax on October 04, 2023, 05:48:51 PM

there are many rumours surrounding USDT, but we all know this coin has been standing for so long if it collapse i doubt entire stablecoin market will not have any aftermath effect.
I mean best course of action of course diversifying across various stablecoin but if its just temporary to keep our wealth from fluctuation, i think USDT serves its purpose.

For me, I haven't chosen this coin as an investment rather it's just some alternative whenever I get some trouble trading to BTC because sometimes our local exchanges are congested and to preserve the current high price of bitcoins that time, I temporarily converted my BTC to USDT but that's a risky move considering this coin can be close at any moment and they can freeze it easily whenever they want to. But as for me, I haven't found any problem doing it.

Abiky

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Quote from: Teraboy on October 04, 2023, 06:35:37 PM

i honestly don't care with all these news, because every coin doesn't matter how big could definitely have the chance of collapsing, i don't think USDT is an exception.
whats important is to simply watch out for the news about the collapse of the stablecoins.
because that way you can exit the stablecoin and retain your money.

Exactly. Even Bitcoin can collapse in the future. For what I know, nothing is guaranteed to last forever. Only you are responsible of protecting your funds from undesired events. By taking the necessary security precautions, you'll avoid losing it all in an instant. A Tether collapse would surely make a huge impact on the crypto market. In a bad way, of course. I doubt investors will trust stablecoins again after such a disaster.

Who cares about stablecoins when crypto was meant to eliminate the middleman in the first place? Truly-decentralized cryptocurrencies like Bitcoin and Litecoin will be the ones that will last a lifetime. The rest will simply fade away into oblivion. With CBDCs right around the corner, we can finally say goodbye to stablecoins for good. Just my opinion

FahriZah

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I involved with crypto since 2015 and when i'm trading in crypto 2015 / 2016 then no have any USDT coins and sometimes got lose because totally depends on BTC market value when btc down than my balance is also down when btc up than my balance also up like this but when i know as well USDT comes in the crypto market than i'm very happy and my trade is profitable because USDT is stable coin and still now i trusted USDT always.

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USDT is trust. but we not know when that collapsed. As we know this digital world not have real value depend on.

Teraboy

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i honestly don't care with all these news, because every coin doesn't matter how big could definitely have the chance of collapsing, i don't think USDT is an exception.
whats important is to simply watch out for the news about the collapse of the stablecoins.
because that way you can exit the stablecoin and retain your money.

bettercrypto

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Honestly, I only use USDT when I convert my profit to our currency using P2P, and then I only use it when I have a trading pair with other cryptocurrencies like Ethereum, BnB, Pepe, Shib, and others.

That's just what I do, but what you say is holding is not. That's why if you ask me to buy USDT versus USD, of course I will choose USD; as far as I know, it is more stable than USDT. But of its other uses, I can't think of anything or remember, because some say that when it comes to transparency, it's not really that transparent.

Topic: Do You trust Tether (USDT) Stablecoin? - page 6. (Read 3297 times)