How safe is Tether.to/USDT? - page 4.

gaston castano

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Quote from: Iyeman on July 21, 2020, 12:24:52 AM

Quote from: Mrchristo on July 16, 2020, 09:29:12 AM

In my opinion USDT appears to be the most popular stable cryptocurrency and it holds a large chunk of the stable coin market. I've heard some negative news about USDT not being entirely stable at its right. I can plainly say that USDT stability is controversial, but that doesn't stop it from serving its purpose.

that's true and mostly people were still using USDT, it looks like some people may not feel good with the existence of USDT but that's life when you were seeing people who are not in the same way with you.
Im also still using USDT and im not getting any problem even i have used USDT to do a daily transaction too.

It's true that the daily volume of tether is also very large, some people say tether is dangerous because it can disappear at any time, but that does not make tether so it is not used.
I see there are still many who use it.
even tether is the top 1 daily volume on the crypto market for now.

erikoy

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Quote from: chocopapaya on July 14, 2019, 07:59:42 PM

Unfortunately, I would say, tether is not safe at all.
Also, why would you want to park your usd in tether while btc fluctuates?
Wouldn't you rather actively trade to take advantage of those fluctuations.

Another thing to consider, is do you even need a stable coin?
In a lot of ways, a stable coin can actually work against you.
The main reason is that the stable coin is actually not really stable at all.
It's only real use is to use it in crypto trading and the market is entirely unstable.
I mean, just think of this, keep your usd in a normal savings account, you'll at least get some interest.

Yes, this is also my stand that when one convert their money into crypto even if it is stable like usdt might still be risky due to some exchanges hi-jacking or phishing sites. So if one must secure money banks are usually a glld idea where to place these money. Usdt and fiat currency were stable so i guess there is no need for a stable coins. But this type of crypto might be useful especially when market volatility strikes like bitcoin halving so it is better to convert it to stable crypto than fiat foe it will take lesser fees crypto to crypto compared to crypto to fiat. Banks takes high transaction fee than crypto transaction fees.

Iyeman

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Quote from: Mrchristo on July 16, 2020, 09:29:12 AM

In my opinion USDT appears to be the most popular stable cryptocurrency and it holds a large chunk of the stable coin market. I've heard some negative news about USDT not being entirely stable at its right. I can plainly say that USDT stability is controversial, but that doesn't stop it from serving its purpose.

that's true and mostly people were still using USDT, it looks like some people may not feel good with the existence of USDT but that's life when you were seeing people who are not in the same way with you.
Im also still using USDT and im not getting any problem even i have used USDT to do a daily transaction too.

mich

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Tether CTO: ‘USDT Will Continue to Exist Alongside CBDCs’

With a market cap over $10B, Tether isn’t likely to be displaced by any central bank digital currency according to Paolo Ardoino.

https://cointelegraph.com/news/tether-cto-usdt-will-continue-to-exist-alongside-cbdcs

Mrchristo

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In my opinion USDT appears to be the most popular stable cryptocurrency and it holds a large chunk of the stable coin market. I've heard some negative news about USDT not being entirely stable at its right. I can plainly say that USDT stability is controversial, but that doesn't stop it from serving its purpose.

Aaroenz0r

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Quote from: Ryushin on July 15, 2020, 12:46:36 AM

Quote from: yudy on July 01, 2016, 09:01:03 AM

i think save, but low use tether,
only bitfinex and polo support tether, and tether not support all the world country, several country can't acces and not supported membership and use
tether

Tether ( USDT) is now available on almost all exchanges in crypto space today including small and big exchanges, it's well supported and it has the biggest marketcap among other stablecoin, it's best choice for almost all crypto traders, I don't see anything wrong with USDT, it's my favorite

Me either. For now, I don't see any problem with USDT (Tether). It's the stablest coin in the market that offers traders a way to store their capital without having too much price fluctuations. Even there is some doubts about how accurate the numbers of fiat money that Tether claimed they have to back their coin, it's still a good coins for a long period of time! Surely, there's nothing called totally safe in this world!

Ryushin

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Quote from: yudy on July 01, 2016, 09:01:03 AM

i think save, but low use tether,
only bitfinex and polo support tether, and tether not support all the world country, several country can't acces and not supported membership and use
tether

Tether ( USDT) is now available on almost all exchanges in crypto space today including small and big exchanges, it's well supported and it has the biggest marketcap among other stablecoin, it's best choice for almost all crypto traders, I don't see anything wrong with USDT, it's my favorite

mich

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Focus on USDT and DeFi as 5-Year Anniversary of Ethereum Approaches

Five years following the launch of ETH in 2015, and the future of the blockchain may lay in DeFi and USDT, according to industry experts.

https://cointelegraph.com/news/focus-on-usdt-and-defi-as-5-year-anniversary-of-ethereum-approaches

Psynthax

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Quote from: bukham88 on July 12, 2020, 04:34:01 AM

in cryptocurrency investments, nothing is safe, because investing in cryptocurrency the risk is very high even though now the price of the USDT seems stable but all of that does not escape the influence of market demand.

USDT is indeed stable if you compare it to USD rate because each USDT circulating around already pegged to their USD in their reserve(if there really is) and even if the demand is nowhere to be found it will still hold the value the same USD's. USDT and any other alike aren't for "real investment" but rather for
saving the value of your money when in crypto market.

bukham88

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in cryptocurrency investments, nothing is safe, because investing in cryptocurrency the risk is very high even though now the price of the USDT seems stable but all of that does not escape the influence of market demand.

huu78

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A safe way to store coin assets for the long term is a personal wallet such as TrustWallet, Imtoken, or using a hardware wallet. because we hold the private key. If safe to exchanges, it is very risky because there could be hackers on that exchange or they close the exchange without any news you know. And overcoming BTC falls or fluctuations can save on stable coins like USDT to minimize the risk of excessive rectification.

chanc3r

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Quote from: mt55 on July 12, 2020, 01:19:26 AM

Tether is at the market since 2015 and everything is good with it for several years. Cooperation with Tron made it even better and more safe.

They also did cooperate with several banks to increase their reputation. Usually, I don't care about the rumour going around because I used stablecoin for my transactions and never hold it for too long. It's better if they cooperate with more and more people just to make sure that they are truly legit .

mt55

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Tether is at the market since 2015 and everything is good with it for several years. Cooperation with Tron made it even better and more safe.

WalkerIVIV

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Quote from: New_order on July 10, 2020, 01:06:45 AM

Quote from: mich on July 10, 2020, 12:52:06 AM

Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT

"Tether routinely assists law enforcement in their investigations... Through the freeze address feature, Tether has been able to help users and exchanges to save and recover tens of millions of dollars stolen from them by hackers," said Hoegner.

https://finance.yahoo.com/news/tether-blacklisted-39-ethereum-addresses-144546028.html

USDT isn't a threat to us, I believe this is one of the reasons why many don't like using tether because of the fear of freezing addresses, I have no problem with this honestly, I don't involve myself in any illegal money making activities, only criminals and hackers will be worried about this

As long as your amounts are not coming from the illegal activities and that will be fine. I guess those address that have already blocked by tether have a very strong correlation with some hacked cases or it can be considered as stolen money.

New_order

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Quote from: mich on July 10, 2020, 12:52:06 AM

Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT

"Tether routinely assists law enforcement in their investigations... Through the freeze address feature, Tether has been able to help users and exchanges to save and recover tens of millions of dollars stolen from them by hackers," said Hoegner.

https://finance.yahoo.com/news/tether-blacklisted-39-ethereum-addresses-144546028.html

USDT isn't a threat to us, I believe this is one of the reasons why many don't like using tether because of the fear of freezing addresses, I have no problem with this honestly, I don't involve myself in any illegal money making activities, only criminals and hackers will be worried about this

mich

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Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT

"Tether routinely assists law enforcement in their investigations... Through the freeze address feature, Tether has been able to help users and exchanges to save and recover tens of millions of dollars stolen from them by hackers," said Hoegner.

https://finance.yahoo.com/news/tether-blacklisted-39-ethereum-addresses-144546028.html

torrantz

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Quote from: joseyphil82 on July 08, 2020, 02:01:43 AM

I hope the bad rumours about USDT is all lies because now USDT is spreading to every Blockchain corner in crypto world, if something bad happens later every single projects in crypto space will suffer and the whole market will crash, I still use USDT to hold some money but now I'm not so sure

The rumour not necessarily bad, it makes people wary and rethink about their choice, if tether could prove that the rumour is false then it will make their reputation even better because turns out they are not shady company but who really know? I hope in the future stablecoin competition will become more competitive than it currently is.

joseyphil82

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I hope the bad rumours about USDT is all lies because now USDT is spreading to every Blockchain corner in crypto world, if something bad happens later every single projects in crypto space will suffer and the whole market will crash, I still use USDT to hold some money but now I'm not so sure

mich

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The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network

The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework.

https://news.bitcoin.com/the-popular-stablecoin-tether-is-now-circulating-on-the-bitcoin-cash-network/

FairUser

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If USDT collapses, I believe the whole market will collapse and investors will lose confidence in this market. How can they continue if the biggest stablecoin in this market is a scam

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