Topic: Do you trust USDT? - page 7. (Read 7108 times)
I use it but for a long time I do not keep my assets in this token, fresh in my memory are those moments when the price fell to the level of 70 cents per dollar.
i'm not really sure if i could trust the USDT but so far it was doing well even though i'm not quite sure how it was backed up or any other information but so far it was used by most of the exchange as a stable coin but i didn't hold any USDT for a long time.
It's just an issue, until today no one else can prove the issue, if there's no evidence then you better not believe it. USDT is listed on almost all exchanges and is a trading pair, if USDT is a scam then why do so many exchanges support the coin? they should have deleted it in the exchange list. 
i'm not really sure if i could trust the USDT but so far it was doing well even though i'm not quite sure how it was backed up or any other information but so far it was used by most of the exchange as a stable coin but i didn't hold any USDT for a long time.
Despite the negative things that people have mentioned about USDT, and the issues that came on the said coin, people are still trusting the said stablecoin and are continuing to support the said project. If people still trust USDT then the said coin will survive and will continue to stay at the price of the US Dollar. If the trust is gone, then the coin disappears and then the people supporting this will be left losing their hard earned crypto. Everything right now is based on consensus.
USDT has the same liquidity as Bitcoin. That is, it is always possible to buy or sell any number of coins almost instantly. USDT is supported by the dollar, with a capitalization of about $ 10 billion, but I have heard conflicting opinions about this. Some believe that this is a Scam.
USDT market capitalization stands at $20.8 billion, and this means that the market cap has increased by almost 400% in just 12 months. And this is what makes a lot of investors nervous about keeping their wealth in the form of USDT. Despite having such a huge market cap, till date they have not agreed to any independent audit of their backup funds. And the lawsuit by NYAG is still going on, regarding the illegal loan taken out from the reserve funds.
USDT not a scam, so i trust.
I do trust USDT yes, I plan to hodl some when I sell a load of bitcoin in 2021. I will keep a sum in USDT & buy the massive correction after we meet the top of the bull run in 2021.
USDT has the same liquidity as Bitcoin. That is, it is always possible to buy or sell any number of coins almost instantly. USDT is supported by the dollar, with a capitalization of about $ 10 billion, but I have heard conflicting opinions about this. Some believe that this is a Scam.
I do believe in USDT up to a certain extent. USDT is currently regarded as one of the most trusted stable coins in the Cryptocurrency world today. Most of us in the Cryptocurrency do not really understand the technology behind USDT but we still trust it just as much as we trust all the major cryptocurrencies like Bitcoin, ethereum, ripples and many more.
I'm sure no one trusts USDT, because USDT is a stable coin pegged from fiat money,
of course this requires a lot of fiat and things that are undesirable to happen, yes, USDT has long been running,
and there is a lot of controversy in it, so if you are saving a lot of USDT, you have to think about that.
of course this requires a lot of fiat and things that are undesirable to happen, yes, USDT has long been running,
and there is a lot of controversy in it, so if you are saving a lot of USDT, you have to think about that.
Beside of a lot controversy, some token pair have no option, unless trade to USDT Pair, i think its still ok to trust USDT but dont save a lot, just for trading purposes.
USDT controversy has been since the establishment of the token, but USDT still finds a way to remain on top as the stable coin with the highest market capitalisation. I really don't know how they manage to be on top, but I trust that my meagre holding of the token is safe because what I hold is quite inconsequential when looking at the market capitalisation.
Nobody can ever tell you they don't trust usdt because that's the only rescue place one have when market is dumping. With usdt you are very sure and certain that your funds are safe because it won't moon nor dump. Nobody hates it I must say but the only hatred bis the fact it doesn't increase but that's what makes it stable coin. I'm a lover of that anyways.
I don't think about the trust to USDT... But it is very convenient to use it on different exchanges... Especially USDT TRC20, because it has minimal commission for transfers, and on Binance there is no commission at all! 
i'm not really sure if i could trust the USDT but so far it was doing well even though i'm not quite sure how it was backed up or any other information but so far it was used by most of the exchange as a stable coin but i didn't hold any USDT for a long time.
The Big Question is: Do I trust USDT more then DAI and USDC? I´m not sure so better I hodl 33% of each one
Because all of them are stablecoins, so it is better to diversify. but it would be different if we only had a few, lol. In my opinion, USDT is still the best stablecoins at the moment, despite the many issues that are not clear
I fully trust usdt stable coin. All I trade is on usdt. Because there are more or less usdt coins in almost all markets. usdt coin 3 is running blockchain. And most exchanges use these three types of blockchain. We usually do exchange to exchange and eth blockchain withdraw and transfer. It also protects our capital if the market crushes.
Of course I trust USDT and it is now 6 years old, I don't think it will go scam. USDT is the most popular stable coin and the highest volume of all cryptocurrency so I don't think this USDT will turn to scam. If those people think that USDT will turn to scam someday then they should find other stable coin that can be trusted. For me USDT is the best stable coin.
The Big Question is: Do I trust USDT more then DAI and USDC? I´m not sure so better I hodl 33% of each one
I can't say that USDT is a scam, but currently USDT is still trusted by various communities and exchanges, I think at the moment I still have a little faith in USDT
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?
Despite claiming that the Tether token is backed up to the equivalent of 1 USD per token, I am never sure if the usdt developer provides official guarantees so that usdt holders can sue, or to be able to redeem tokens if it is with USD, because I saw on their tether site the sentences : "We do not guarantee the right to be able to exchange Tether for fiat currency". and that means they could get off their hands if something bad happens to the tether price in the market. maybe some people think that usdt is a token that was created as a substitute for usd in digital form and many people feel safe to save their money now in usdt but not for me personally because i see a lot of controversy that has occurred since the initial release of usdt on the market. Do you trust USDT or believe it might be a scam?
USDT marketcap is right below $20B now. (19.
At the start of this year it was $4b. That's x5 jump.
It feels so weird that nobody questions the legitimacy of this pseudo dollar. Not even the US does anything it is like they are letting them print USDT. They don't acknowledge USDT officially and yet they don't ban it neither.
At the start of this year it was $4b. That's x5 jump.It feels so weird that nobody questions the legitimacy of this pseudo dollar. Not even the US does anything it is like they are letting them print USDT. They don't acknowledge USDT officially and yet they don't ban it neither.
There is no risk involve using USDT and many top exchanges supports the stable coin, I would choose USDT over DAI because it's well supported on all top exchanges, DAI has less volume and liquidity compare to USDT, If this stablecoin can't be trusted it won't be leading for many years now
Jump to: