Topic: Do you trust USDT? - page 6. (Read 7077 times)
Nothing can be said about any project. It is not possible to say when a project will do a scam. But the USDT is a good project, And I think it will go a long way with us.
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
I personally really believe in USDT as an alternative to secure the money that I have when the crypto price drops in the market, because the price is quite stable, of course it will not be too detrimental for us when market prices are volatile, as one of the digital currencies that was created as a for fiat money substitutes, of course usdt has many advantages compared to other stable altcoins, to be honest, personally, i really trust usdt nowadays.
We are to live and view our world base on crypto every stablecoins that's backed by fiat currency shouldn't be trusted because the failed system of fiat in terms of inflation was the reason why cryptocurrency was introduced by Satoshi then.Having said that, USDT just gained the highest usage in the stablecoin market cause it was the first stablecoin to be created but if we talk about how the team involves operate and mint new token USDT shouldn't be trusted.
If you can do research on USDT past you will know why even top exchanges trust this stable coin, I don't see anything wrong with trusting the stable coin, all I can say is don't store huge amount of money in USDT, the only thing i don't like about USDT is the access they have over users fund, they can freeze USDT anytime
At the same time, you say look at the top exchanges trust USDT. But if you look at what happened in the past, we know that there were scandals here is an article where it is said about Tether's connection with Bitfinex and manipulation with the market https://coingeek.com/crypto-crime-cartel-the-end-is-nigh-for-tether/
I personally really believe in USDT as an alternative to secure the money that I have when the crypto price drops in the market, because the price is quite stable, of course it will not be too detrimental for us when market prices are volatile, as one of the digital currencies that was created as a for fiat money substitutes, of course usdt has many advantages compared to other stable altcoins, to be honest, personally, i really trust usdt nowadays.
If you can do research on USDT past you will know why even top exchanges trust this stable coin, I don't see anything wrong with trusting the stable coin, all I can say is don't store huge amount of money in USDT, the only thing i don't like about USDT is the access they have over users fund, they can freeze USDT anytime
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
For now i don’t.
Cause many rumors have cam out about usdt in recent past.
But at first i trusted it even more than eth. Because its the only stable coin to keep safe your money.
But nowadays because of spreading rumors seriously for me it’s quite unsafe for now.
Cause many rumors have cam out about usdt in recent past.
But at first i trusted it even more than eth. Because its the only stable coin to keep safe your money.
But nowadays because of spreading rumors seriously for me it’s quite unsafe for now.
Some are saying SEC can go after USDT later, yes it's possible but even now that SEC is on XRP I don't see any bad impact affecting the project yet, some weak hands sold their XRP no avoid getting caught in the wave but are now regretting because XRP recovers pretty faster than expected
I trust USDT more than any other stable coin, regulations is present and atleast someone can be hold responsible if anything goes wrong, even Top exchanges will join the hunt because every God damn exchanges in crypto space supports this stable coin
There are a lot of rumors and news that some of USDTs are not back-staked by realy dollars, so many people have reasons not to trust USDT. But I`m one of them, who trust Tether, but understand risks. I have some tether for now, but I`m ready to convert it in any other crypto if there are bad news regarding USDT. It`s one of the biggest crypto projects and it will be better for all crypto world if all these rumors are fakes, otherwise we can fall down a lot, because of scam of such big project
I hold some Tether on Ownr to use it as a crypto fiat gate. I know USDT is only 74% backed, but I don't think it's a scam and an average hodler has something to worry about.
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?
How can I discredit USDT if this pair is giving me a profit. In short, it helped at the moment.
Even up to now, is some exchange platform I used USDT pair to trade into cryptocurrency.
Therefore, I cannot say it is a scam, because it gave a lot of profit to anyone here. And they know it is true.
I don't believe in 100 % because there is a scam anything in the crypto world. But I don't think that USDT is a scam.
I witnessed very strange events related to USDT, it seems in 2018. And even then I realized that under certain conditions the coin can be skimmed.
In that sense, if the company that issues the coin is pressed by the regulators, what they are trying to do anyway. The fact that this is even possible makes me wary of stablecoins and USDT in particular.
In that sense, if the company that issues the coin is pressed by the regulators, what they are trying to do anyway. The fact that this is even possible makes me wary of stablecoins and USDT in particular.
surprisingly, based from the OP's poll. a lot are trusting USDT. maybe they are the top stable coin right now. however, when they admitted last year that they were not 100% backed by US$ - Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents, i lost my trust on this stable coin. now, it is up to you how you react on this and how you use this stable coin. everyone has their own perspectives on this coin anyway.
I witnessed very strange events related to USDT, it seems in 2018. And even then I realized that under certain conditions the coin can be skimmed.
In that sense, if the company that issues the coin is pressed by the regulators, what they are trying to do anyway. The fact that this is even possible makes me wary of stablecoins and USDT in particular.
In that sense, if the company that issues the coin is pressed by the regulators, what they are trying to do anyway. The fact that this is even possible makes me wary of stablecoins and USDT in particular.
Yes, I see this controversy, but what I see is USDT is the single most stable token since the past and I also see many people using USDT as their medium of exchange so I don't consider this a scam, this controversy arises because USDT doesn't have definite supply.
Traders are smart, they are using any available resources in order to keep gaining from this market. USDT mostly use for keeping you money if you are
unsure if what articular assets to invest, it will allow you to take some time reviewing any possible projects that have good potential, once you decide to
invest you can simply convert it and keep doing it whenever you are rinsing inside.
From the last week capitalization USDT increased by 2$ billion and current value is 24.4$ billions.
I believe USDC just passed their audit. I might trust that more. But Tether is fine. Just don’t hold anything in there too long. Maybe even keep a sell order in for 98 cents if you’re really not sure.
From my general idea, I can say that there are some coins that I can use to keep our income dollars through usdt. And even though usdt has been providing us with its services in a good way for a long time, why should I call him a scam because I can't because usdt is a very popular coin to me. I think everyone benefits with these coins.
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