What's the difference between both of them? they're centralized and could be frozen whenever the CEO want it. You're like comparing an apple with an apple, there's nothing difference, if you compare USDT/USDC with DAI, then it's have a difference since DAI is decentralized.
And the worst thing is you're staking most of your tokens to centralized party, if Natomi got hacked, all of your tokens will disappear since the hacker is the one who stole your tokens.
Topic: I stake most of my USDT, it is better to leave it as USDT or change it to USDC ? - page 2. (Read 302 times)
June 14, 2022, 03:49:27 AM
June 14, 2022, 01:29:28 AM
At this point I am totally confused that USDC is a lot safer that USDT but all in all I believe USDT is right under the nose of the law, if something is going to get wrong the team won't be making it out alive 
I meant running away, they once had issue with the law in the past and this put some kind of surveillance on the team.
I meant running away, they once had issue with the law in the past and this put some kind of surveillance on the team. 
June 13, 2022, 11:23:35 PM
Both of these are good stablecoin especially usdt as iy widely used on the cryptomarket and exchanges. But you should be ready on the risk of any kind such as depegging and freeze of account as it happened on ust luna already or some issue before that usdt got some freeze accounts. Thats really dangerous and quite sfary to know that they can do that anytime.
June 13, 2022, 11:12:27 PM
USDT should be okay, if it fails entire crypto fails.
i mean usdt not entirely backuped with usd unlike usdc, so it's not really that safes stable coin out there June 13, 2022, 11:11:12 PM
USDT should be okay, if it fails entire crypto fails.
Cryptocurrencies do not depend on USDT, but if USDT collapses, it could cause a big crash to the market. but honestly I don't think USDT will lose its peg like UST. that's very unlikely since USDT is pegged to dollars and government bonds and not other crypto-assets.
June 13, 2022, 10:29:52 PM
I don't think "USDT" are gonna to de-pegg
I think so too but don't never say never.Quote
So, there is no problem at all while you are holding with "USDT". But off course the decision is up to you, however from my perspective with the volume and asset treasure (USDT are not gonna to de-pegg).
Amongst all stable coins, USDT is the oldest stable coin and it has proven its strength through many drama, attacks. I hope this time, in the massive attack on stable coins, USDT will show its strength again.Anyway, if the OP is really worrying about USDT and risk of depeg, why does OP have to consider about USDC?
It is a bit stupid my opinion, why we have to move from oldest, safest, strongest stable coin to alternative?
If we are worry about stablecoin, we should cash it out, and switch to USD. When all the attack completes, we can switch USD to USDT again. It is better and safer approach.
June 13, 2022, 10:20:42 PM
Both were better. USDT and USDC are the safest assets and this moment and you didn't need to convert it but if you are feeling doubtful with USDT and you can convert it into the USDC. These days people didn't even care about what kind of stable token as long as they can secure their assets. i think that if still holding your USDT was a very good choice for now. In my opinion if converting it means nothing and it was also having the same mean if you are only swapping the token
June 13, 2022, 06:59:40 PM
If you stake them for a short period than you are good to go. But for ling term holding, i don't think it's a reliable method to stake your savings using one of the stable coins because of some few reasons :
- How you guarantee that those stable coins are safe for long run ?
- Based on what you may chose this stable coin or another ?
- What's the difference between using any of them and using any other form of Fiat money ?
- Some of them are backed by real dollars money, then what forbids you to use dollar itself ? Isn't much more safer ?
Holding in cryptocurrencies means investment by staking. Using a stable coin for long term investment staking seems to me like no sense .
- How you guarantee that those stable coins are safe for long run ?
- Based on what you may chose this stable coin or another ?
- What's the difference between using any of them and using any other form of Fiat money ?
- Some of them are backed by real dollars money, then what forbids you to use dollar itself ? Isn't much more safer ?
Holding in cryptocurrencies means investment by staking. Using a stable coin for long term investment staking seems to me like no sense .
June 13, 2022, 06:59:26 PM
For me, the highest the market capitalization, the better. Above this post are the market capitalization of the two stablecoins.
If you are afraid on what happened on UST LUNA, I am more positive it will be impossible to happen with USDT and USDC. For me now, I have 50% on USDT and 50% USDC too.
If you are afraid on what happened on UST LUNA, I am more positive it will be impossible to happen with USDT and USDC. For me now, I have 50% on USDT and 50% USDC too.
June 13, 2022, 06:54:50 PM
For a long time, we think the stable coins were a secure bet, but after all the Luna drama we realize those coins can crash too. But I would say the best bet is to stay closer to the one with the biggest market capitalization. As you can see:
USDT has $72,203,097,262
USDC has $54,271,521,019
That makes me feel more secure with USDT. But it's your call.
USDT has $72,203,097,262
USDC has $54,271,521,019
That makes me feel more secure with USDT. But it's your call.
June 13, 2022, 06:27:21 PM
USDT is fine for short term but if you wanna go for long term and USDC or BUSD were the best choices caused by this stable token already licensed by the authorities. So USDC and BUSD more reliable compared with the USDT in term of various things. I meant this is much more safe compared when you are holding USDT which was backed by various things like bonds and etc. You can consider both USDC and BUSD to be stable token for your asset.
June 13, 2022, 04:24:31 PM
Beter dump the USDT it is not safe. Theydo not hsve sufficient backing. You neede to manage risks in this bear market and USDT is a big risk uou should not take. USDC is safer.
June 13, 2022, 03:40:30 PM
USDT should be okay, if it fails entire crypto fails.
June 13, 2022, 03:38:45 PM
There’s a lot of rumors spreading around crypto world about stablecoins de-pegging and I think this is also one of the reason for a market crash which is to create FUD and Panic to people. If the rate is good with USDT and you’re ok with it then I think you are on the right path beside you’re more safe from this bear market. I can suggest that make sure you can get that USDT anytime and if you see opportunity, its better to convert it into BTC than to another Stablecoin.
June 13, 2022, 03:24:11 PM
I don't think "USDT" are gonna to de-pegg
So, there is no problem at all while you are holding with "USDT". But off course the decision is up to you, however from my perspective with the volume and asset treasure (USDT are not gonna to de-pegg).
So, there is no problem at all while you are holding with "USDT". But off course the decision is up to you, however from my perspective with the volume and asset treasure (USDT are not gonna to de-pegg).
June 13, 2022, 01:05:49 PM
I stake most of my USDT,
it is better to leave it as USDT or change it to USDC ?
https://i.ibb.co/XLqs38R/zzz.png
it is better to leave it as USDT or change it to USDC ?
https://i.ibb.co/XLqs38R/zzz.png
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