Topic: Do you trust USDT? - page 5. (Read 7077 times)
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
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?
Usdt is mostly known for stable coin which is very helpful for the traders who are continuously do trade in different platforms. It is based on tron network and the transaction is almost free in all sites. So it is the most preferred stable coin to transfer funds. Do you trust USDT or believe it might be a scam?
Yes I do. I don't have any trust issues against usdt. I have been using usdt since 2017. And till now I haven't face any kind of problem regarding usdt. I know many people talk many things about usdt I don't feel any kind of problem. In the market there are lots of option available and I think you can pick other or many of them. Not it's your choice.
You can't make money out of USDT, it's a stable coin that's pegged to USD, very useful for traders and also a good choice for store of value, it's less risky than those new altcoins that can become worthless under a month or two, USDT works for what's ever created to do, I trust USDT
I agree with you!
Never saw any person who buy-sell USDT and get profit.
Guys its simple..
You are a rich guy. You have 10M USD in your bank account.
You dont want to have so much money in your bank because of the negative interests so, you send 6M USD to tether and they give you 6M USDT.
You deposit them in bitfinex or binance or a decentralized protocol like Compound and you lock them.
Results:
You are a rich guy. You have 10M USD in your bank account.
You dont want to have so much money in your bank because of the negative interests so, you send 6M USD to tether and they give you 6M USDT.
You deposit them in bitfinex or binance or a decentralized protocol like Compound and you lock them.
Results:
- You receive 5-14% interest APY
- You avoid the negative interests.
USDT for me is not an investment but only as a way to secure the assets that I have, so it's not a big problem for me, but for the past 6 years USDT is still safe and doesn't look a scam
You might need to review your post within the next 6 years hehehe. Also, I reckon that you have made that post without doing your research and approach the issue with a skeptical mind. Similar to what we should be doing on any project in the cryptospace.
I would say even shorter than that! If you are Ripple or Tether, or any other big centralized project trying to do business in a different way in a regulated space, AND trying to mainly make your markets in the USA, then you can't avoid all these potholes. Not to mention Tether is as shady as it gets in crypto.
The problem is, it doesn't matter if you are holding tether or not.
Tether Dominates Exchange Trading With 70% of The Volume
Long story short, this means whatever crypto you own right now is backed at least 70% by Tether. It is not backed by USD, not EUR, not gold, not anything else. That's fine if you believe tether is backed by 1:1 USD. I don't.
USDT for me is not an investment but only as a way to secure the assets that I have, so it's not a big problem for me, but for the past 6 years USDT is still safe and doesn't look a scam
You might need to review your post within the next 6 years hehehe. Also, I reckon that you have made that post without doing your research and approach the issue with a skeptical mind. Similar to what we should be doing on any project in the cryptospace.
I would say even shorter than that! If you are Ripple or Tether, or any other big centralized project trying to do business in a different way in a regulated space, AND trying to mainly make your markets in the USA, then you can't avoid all these potholes. Not to mention Tether is as shady as it gets in crypto.
You can't make money out of USDT, it's a stable coin that's pegged to USD, very useful for traders and also a good choice for store of value, it's less risky than those new altcoins that can become worthless under a month or two, USDT works for what's ever created to do, I trust USDT
USDT for me is not an investment but only as a way to secure the assets that I have, so it's not a big problem for me, but for the past 6 years USDT is still safe and doesn't look a scam
You might need to review your post within the next 6 years hehehe. Also, I reckon that you have made that post without doing your research and approach the issue with a skeptical mind. Similar to what we should be doing on any project in the cryptospace.
Im confused why ppl still dont trust usdt. Ever since it came out... it always have came close pegged to the dollar right? What was the lowest amount tether went down to? I recalled years ago... it might have hit 0.97 or 0.98 right? And what about the highest?
So why should there be any concern about it since well you can always trade it for btc or in fiat exchanges... you can change it to usd?
So why should there be any concern about it since well you can always trade it for btc or in fiat exchanges... you can change it to usd?
USDT is very liquid so many traders prefer to trade against USDT rather than USD or BTC. Even if they aren't 100% backed with real USD, they still can back the 80%+ of their minted tokens which is really great. better than a bank.
Until now USDT is still widely used and trusted by people and one of the most popular tokens, but I think this is an old issue. It never hurts to be careful, I personally use USDT when other options are not available
You are saying right. USDT is issued by a Hong Kong based company "Tether". USDT is the world third biggest coin according to the market capitalization. It's market cap is 2.4B Dollars. So, its market capitalization indicates its importance in the crypto market. USDT works on the Ethereum, EOS, TRON, Algorand and OMG blockchains. 
I was told that 17.01 is the date when the Bitfinex hearing is scheduled, however I could not find any information on this matter, and probably the hearing is already over. Can anyone give me info?
In any case, if everything went unchanged, we can see that this did not affect the kirpto market in any way. Personally, it seems to me that in the case of the USDT scam, other stablecoins will easily fall into the free space.
In any case, if everything went unchanged, we can see that this did not affect the kirpto market in any way. Personally, it seems to me that in the case of the USDT scam, other stablecoins will easily fall into the free space.
USDT for me is not an investment but only as a way to secure the assets that I have, so it's not a big problem for me, but for the past 6 years USDT is still safe and doesn't look a scam
Why we won't trust USDT when it has low cost than Ethereum or other blockchain cost. The main reason I trust this coin is for volume. I think now USDT must be out of topics because we're in the bull market. After this year we can focus on some stable coin like BUSD or DAI coins.USDT is only stablecoin, but this is bridge with cryptoworld.
USDT for me is not an investment but only as a way to secure the assets that I have, so it's not a big problem for me, but for the past 6 years USDT is still safe and doesn't look a scam
Why we won't trust USDT when it has low cost than Ethereum or other blockchain cost. The main reason I trust this coin is for volume. I think now USDT must be out of topics because we're in the bull market. After this year we can focus on some stable coin like BUSD or DAI coins. I've seen a lot of accusations against them, so I can't completely trust them. I use several stable coins to store my funds, usdc, dai etc
indeed it is better to use several stable coins instead of using only 1, because we will not know where their fate will be in the future, but it would be nice if you want to invest not in stable coins, usually I only use stable coins to secure assets only
i think that there is no one who believes 100% in usdt or any other crypto. but it comfortable when price shaking up and down and you do not know what do you want at this moment. when you just want to hold without losses. and usdt good when you want to transfer your money through trc20.
USDT does it's job pretty well so I don't see any reason for the so much hate, instead of swapping your crypto to Fiat when you are not really in need of FIAT usdt can do the job for you pretty smoothly, also if almost all top popular crypto exchanges can trust USDT why not me? I haven't seen any strong exchanges trading pairs that won't use USDT automatically
I believe 80% on usdt. It is erc 20 based token and a stable coin. There is very low chance of scam because its handle by a very smart contract. But as we know it is cryptocurrency and there may be s chance of scam so better idea is to use different stable coins.
I generally use it when price up of btc and tgen when price down i exchange it to btc
I generally use it when price up of btc and tgen when price down i exchange it to btc
Currently as the market news are not in the favour of USDT, there is a transparency issue, and a case is running on USDT after the result we will what we have to do?
But until the result, i trust it but i'm also divided my funds in some other stable coins..
But until the result, i trust it but i'm also divided my funds in some other stable coins..
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