Untrustable at any level. It was created originally to manipulate bitcoin prices and it has been proven legally so. Bitfinex has been sanctioned for not keeping parity and the audit and processes of assurance are just too weak to encourage any trust. I do not advise holding any significant amount nor any significant period of time. Even as stablecoin, it has strong price variations due to all these reasons.
https://cointelegraph.com/news/how-severe-is-roche-freedmans-lawsuit-against-tether-and-bitfinex
Topic: Do you trust USDT? - page 4. (Read 7100 times)
USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.
Do you trust USDT or believe it might be a scam?
Your thread was created in 2020 and so far, USDT has never been a scam. I just don't think your statement is basic. USDT was created to be a stable coin not a scam coin. and it is proven that currently USDT is still the most popular stable coin, and is a coin for price comparison on the exchange Do you trust USDT or believe it might be a scam?
Honestly, I do have trust on USDT, in fact, I made daily trade using USDT as my trading fair into altcoins.
And so far as good while doing using it mate. Moreover, it is much better to trade using USDT compared to ETH
it is because on ETH there is a fluctuation happen suddenly. Based on my experienced this a couple of days only.
And so far as good while doing using it mate. Moreover, it is much better to trade using USDT compared to ETH
it is because on ETH there is a fluctuation happen suddenly. Based on my experienced this a couple of days only.
In our activities with cryptocurrency, we should consider a specific percentage of even the most inconceivable negative incidents and not invest, as is commonly said, all investments tied up on one place. Notwithstanding, now and again it merits the danger. It is regularly a critical danger that brings an enormous benefit. There can be no unequivocal guidance here.
Other ERC 20 based stable coins may be a good alternative for those that donuts the transparent and decentralized nature Of USDt
Other ERC 20 based stable coins may be a good alternative for those that donuts the transparent and decentralized nature Of USDt
USDT is probably the only coin that I fully trust and am sure that nothing will happen to it. Of course, I understand that nothing is perfect and stable. But as they say they choose the lesser of two evils
I think we dont have many choices and for now we must trust usdt because it is the best stable coin...usdt is in the market for many years and for now we didnt face any big problems expect little dump sometimes
You just haven't heard about the problems that exist in the market, according to the USDT documents, this is not a stable coin, as we all think, yes, I am completely serious and for me it also sounds terrible.But I don't think anything bad can happen to this coin at the moment!
I think we dont have many choices and for now we must trust usdt because it is the best stable coin...usdt is in the market for many years and for now we didnt face any big problems expect little dump sometimes
Overall, the USDT stable coin suits me perfectly. USDT can be transferred, stored, spent like bitcoins or any other cryptocurrency. It is very easy to use, everything is clear and there are no complications. The coin guarantees a reliable and transparent system based on the oldest and most secure blockchain - Ethereum or Tron.
As for trust, this is the best stablecoin that you can really trust, there are certainly plenty of alternatives, but USDT has been on the market for a long time and evokes a sense of reliability.
As for trust, this is the best stablecoin that you can really trust, there are certainly plenty of alternatives, but USDT has been on the market for a long time and evokes a sense of reliability.
Personally for me,I do trust USDT. Because is makes trading easy and it has a huge trading volume.it also create stable digital cash.
Yes, I believe in USDT, but it takes a long time for profit, basically, USDT is a trading coin in the crypto market. Because of its stability fluctuating daily. If you want to be a trader in the crypto market, you can trust in USDT.
Personally I have no negative thoughts about USDT. I do not consider it as a investment or something for trading and profit. But I use it as a link between cryptocurrencies and ordinary national currencies. Nowadays lots of DeFi projects also use it or accept for transactions. So personally for me USDT is a means for some operations, but nothing more. And I think it works perfectly, I have never faced problems using it.
Yes, I believe in USDT, but it takes a long time for profit, basically, USDT is a trading coin in the crypto market. Because of its stability fluctuating daily. If you want to be a trader in the crypto market, you can trust in USDT.
Yes. I have no problem with usdt. I have been using it for a very long time. I never faced any kinds of problem using usdt. I know there are a lots of negative news about usdt. And if you don't trust it there are lots of choices available in the market. The better choice is devide your portfolio and hold it inb2-3 stable coin. But I think you can use usdt now it's your choice.
USDT is currently a counterweight in crypto, many transactions are compared to USDT because USDT is stable and this is very good. So why are there still doubting the USDT is a scam? when viewed until now the USDT is still around and still running well on all exchanges
Some people are afraid that the money they reserved might be nonexistent or just fictional, not to mention the fact that they are private company and their growth is so fast some people think it might be caused by some manipulation but each on their own, if you trust usdt that's definitely no problem at all. It's okay though to create a discussion like this just to share information and expose if there's something fishy. If after some time there's still no sign of something shady, that means it's usable.
It seems to me that USDT is currently in a not very stable position. Because of these lawsuits, many have begun to question Tether's integrity. Although controversy around this stablecoin has been going on for a long time.
Tether could follow Ripple's fate. But for this it is necessary that stablecoins belong to the category of securities.
Tether could follow Ripple's fate. But for this it is necessary that stablecoins belong to the category of securities.
USDT is currently a counterweight in crypto, many transactions are compared to USDT because USDT is stable and this is very good. So why are there still doubting the USDT is a scam? when viewed until now the USDT is still around and still running well on all exchanges
Some people are afraid that the money they reserved might be nonexistent or just fictional, not to mention the fact that they are private company and their growth is so fast some people think it might be caused by some manipulation but each on their own, if you trust usdt that's definitely no problem at all. It's okay though to create a discussion like this just to share information and expose if there's something fishy. If after some time there's still no sign of something shady, that means it's usable.
https://decrypt.co/55042/tether-is-fully-backed-by-us-dollars-says-deltec-deputy-ceo
Based on this article USDT is indeed backed by US dollar but I still have doubt look at the supply its 26B and continuously minting almost every minute millions of dollar we still dont know what is the fact unless there are documents presented into the public.
Based on this article USDT is indeed backed by US dollar but I still have doubt look at the supply its 26B and continuously minting almost every minute millions of dollar we still dont know what is the fact unless there are documents presented into the public.
USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.
Do you trust USDT or believe it might be a scam?
Do you trust USDT or believe it might be a scam?
I can't see any reason to not trust USDT.
USDT becomes most preferred stable crypto among traders and it also maintain its ratio value with actual USD more stable than other stable cryptos.
But everything is under control of someone has risk of turning into scam!
And regardless of all of that, it’s been used as a medium between cryptocurrency and legit currency transactions, featuring quick and instant progress. But everything is under control of someone has risk of turning into scam!
No i trust DAI more 
USDT is currently a counterweight in crypto, many transactions are compared to USDT because USDT is stable and this is very good. So why are there still doubting the USDT is a scam? when viewed until now the USDT is still around and still running well on all exchanges
You are absolutely right that USDT cannot be a scam, because USDT is on almost all exchanges. Even now USDT is including the stable coins with
the highest demand compared to other stable coins, even USDT is in the top 3. There is no reason for us not to trust USDT, I kept some of my capital
in USDT to avoid volatility. So when the price of the coins I wanted dropped, I then converted the USDT I had into these coins. For me USDT is
very useful.
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