Topic: If all your wages were paid in USDT, would you accept it? (Read 567 times)

Actually it would really be depending on how you would really be finding yourself be needing up that salary per month on which we know that not all would really be able to save up some coins into their own wallet
on converting their USDT to Btc on which its most likely you would really be converting those things into fiat on which this is something that a common approach that you would really be considering.
Its true that it wont really be that much of an issue on whatever the things that they will really be accepting. As a worker or employee if the management would really be having that kind of integration
then it would really be ending up with that kind of acceptance on which you dont really have any choice. As long it do have value and could be able to convert out to fiat directly without
issues then i dont see for this thing to be that much of a concern if there would really be on such transition in between fiat salary and a stable coin.

I can see why one would consider BTC as a salary option because I get that too and it's definitely a good way to make it work. However, USDT doesn't make sense, of course we could just get paid in USDT and turn it into USD right away, there were few times when I was paid in USDT for example and all I did was just get it to my bank account and just use USD and didn't hold it as USDT for more than 5 minutes I think.

It is literally fiat currency that is created fake by some company, there is really no need to trust this, I can see why moving it from one place to another could work well for it, but holding it makes absolutely no sense to me a tall and will definitely avoid that as much as I possibly could. Not going to really trust USDT as long as I am alive for sure.

Honestly, I would accept anything that doesn't cost me a lot of fees etc.

USDT? Sure of course. Just send my salary to an exchange, immediately exchange for BTC and withdraw to my wallet.

Bitcoin first of course. I don't even care people say high fees it's nothing compared to bank/paypal.

It's fine for me and much better since I am more into cryptocurrency right now and I think my funds are more likely 40% fiat, and 60% cryptocurrency (Bitcoin, stablecoins, altcoins).

So for me, since I am active in cryptocurrency market, it is helpful to me to have USDT because I can easily use it especially in my trading and investments.

Even though USDT is an altcoin that has a very dark past, I have seen a lot of news about USDT in the past, but still USDT is still on the cryptocurrency market so I really wouldn't mind receiving my salary in USDT, it would be very advantageous to buy more coins in times of price drops in the cryptocurrency market. Now about buying things in the real world, the usdt would probably be very limited, but there is an option to sell part of the usdt for usd and buy things in the real world with usd. In this market, things are moving towards legalization, so USDT is no longer being seen in a very bad way as in the past

This is because people know that governments are keeping an eye on this market, so the guys behind usdt would not be stupid enough to commit illegal acts in these times knowing that governments would easily catch them and imprison them with prison sentences of many years. This is why usdt is being used a lot by people on exchanges, because it has a low risk of owners disappearing from the market or carrying out the shady schemes that were accused of in the past. Today things are very different from the past when there was a lot of impunity in this cryptocurrency market. Today, a mistake on the part of the owner of a cryptocurrency company can easily result in that owner being arrested. so I don't have any problem with usdt if they paid me as salary

I think that none of the forum participants will have any problems exchanging USDT for any other cryptocurrency or fiat currency. Therefore, our main task is to earn as much as possible, and at the same time we should not care in what currency the salary will be paid.

It seems that many responses here assume that someone paid in USDT must keep his earnings in USDT forever. However, I interpret the question as: If all your wages were paid in USDT. For me, this option is good because it allows an easy exchange of the stablecoin for other cryptocurrencies or even fiat currencies, unless there are issues or reasons that prevent using exchanges or finding a suitable one to convert stablecoins to local currency in your area.

Personally, I would accept being paid in USDT, as I have in my past online jobs, and I had many options to trade them for Bitcoin or other coins, or to easily exchange them for fiat(our local currency). The question here concerns the method of payment, not storing all your salary or savings in USDT, which would be a bad choice due to the risks of de pegging of stable coins. But as long as you are being paid in USDT or another stablecoin, you can trade it safely with minimal risks in that period only.

In this I will bring one question do we believe USDT or can it be trusted? If yes then there is nothing panicking for me to accepting USDT as my salary.
Because current situation of me is kinda receiving the payments of my works on cryptocurrencies and then making some investing on bitcoin and the rest of fund going to exchange for USDT and holding them in usdt. So my current scenario like cryptocurrencies>USDT>CASH(FIAT) so in my case there is nothing better option to accepting USDT. I also also say incase of US dollar as payment because of easy accessibility If I own a non-custodial wallet the I'm the owner of my own bank.

What do you mean by fluctuation? You mean depegging from US dollar value?
Let's do some fact check how many times USDT has depegged from US since they went life since 2014.



This is a chart of USDT since it was launched back in 2014 to now, it has depegged from USD price to $0.6 and that has something do with the authenticity of their audit regarding usd in the vault and the USDT printed, there was trust then but people has learn to trust USDT, they are the oldest and far the largest in term of market cap.

I'm not sure about other stable coin but USDT remain the best stable coin to use in crypto and yiu shouldn't have anything to fear using it, getting paid as a medium of exchange and also to hold value.

Yes, there are risks, but I think they are minor. As long as USDT is a widely accepted cryptocurrency, there is no significant risk. The risk that it will de-peg and lose its value is negligible, and only exists if you decide to hold the USDT for a longer period.  Personally, I would exchange it to a currency I have more confidence in as soon as I receive the payment.

It depends on what you do with the USDT that you receive as your wages. If you sell them for cash or use them to trade other cryptocurrencies, I don't see anything wrong with that because, at the end of the day, their price is pegged to the US dollar and they both would have the same value essentially apart from the fact that the US dollar can get affected by inflation and then lose purchasing power and USDT stays unaffected from such things.

There can be some downsides to this as well as said by other members. Stablecoins can sometimes de-peg and lose value, and if something like that happens, you will lose your money in case it doesn't regain the peg again but the odds of that happening aren't very high.

It's the same as getting paid in real world job, you get some ATM card and the company will pay you through that and you have to withdraw it wherever you can withdraw it. It's just the same as getting paid with USDT and that's why for me, it's not going to be a problem if that's the crypto that will used for paying my salary. It's not about that you're going to spend it directly on businesses because it's the same as Bitcoin that not all businesses do accept it and we have the process of converting it.

I don't think there's no reason why not to accept it so, yes, I will accept it.

What are the risks? Hacking? As an investor, it's your responsibility to take care of your coins and that includes the USDT that you will get. De-peg? I can't remember the last time USDT de-pegged, so the chances of it happening is kind of low, but not impossible as well.

What I would do though is to convert it immediately either into different altcoin (or Bitcoin), or into our own fiat currency. I don't think that there's any company that implemented this though. I don't think that there's a company that pays their employees through USDT and now USD or their own fiat currency.

That's what I mean, because everyone has their own preferences.
Although they are also happy with crypto or as traders, sometimes they don't want the salary from their real work to go into crypto.
This is certainly optional if it is implemented, but until now I have not found a company that pays its employees with crypto, because it is quite high-risk.

I also don't expect any company to be able to pay with crypto because it is risky.
Regulations that have been in effect really must be applied, if it is not allowed then do not do it.

I am in a country that does not allow traditional fiat money to be replaced with other currencies,
because the use of Fiat currency is the best way for everyone nowadays.

In fact, the fluctuations are not too high compared to other cryptocurrencies. However, for people who are used to paying using US Dollars, this might be more of a hassle for some people. Or even for those who are completely new to crypto, this will be quite difficult to understand and do. So it will actually cause a small loss when selling it. However, if you are already familiar with crypto and its use, then I think this is not a big problem. This will depend on how we manage the USDT after it is received.

However, when it comes to risks, it cannot be denied that there will definitely be high risks. Because after all, crypto is risky, whatever the coin. This is related to security and other things. There will definitely be risks.

So, yes, you should consider the pluses and minuses first.
If I'm personal, it's actually not a problem. and if I'm worried about some things, then I will immediately convert to fiat. It's just that this service also requires a fee for the transfer.

It wouldn’t be something that I’d prioritise but if I was enjoying the job & paid a good salary in comparison to other fiat salaried jobs that I could get then yeah, sure, why not. As long as I could exchange the USDT for my local fiat currency & withdraw to my bank quickly after getting paid without high fees then it wouldn’t be much different to getting paid normally in fiat.

You’re right, he is thinking of the potential de-pegging risk which is normal in stablecoins if it’s not backed properly by USD or the custodian bank for the reserves got bankrupt. This happened on USDC before but they manage to survive due to the Feds help on banks bankruptcy.

I don’t want to receive USDT as payment to my real job salary since I use it immediately for my personal expenses while having USDT will give me more hassle to convert back to fiat just to spend it physically since merchants doesn’t accept crypto until now.

If you think paying with USDT will make it difficult for you to use it, what about bitcoin? Because you are also receiving bitcoin payments from the Duelbits signature campaign and how do you use them when businesses also don't accept bitcoin?


How will USDT collapse? If I remember correctly, rumors of USDT's demise were around 10 years ago but why is it still the most used stablecoin on the market? Additionally, I also believe you are also using USDT to invest in bitcoin as it is currently the most popular stablecoin on the market.

Maybe what OP meant was related to your real-world job, not your signature. where the use of USDT is still limited and not all goods and services businesses accept USDT.
for those of us who use crypto every day in trading or store it in a wallet. USDT payments for our work will not be a problem. we can still send it to an exchange to convert it into fiat and then use it for our needs.

  Why not?
 infact, I will run towards accepting it because I know it's value as a stable coin for that matter. So when you know the worth of something and you have the full knowledge of how it works, you are already in the right place and also on its advantages. Because you can be able to tell everyone about it's advantages and disadvantages. For that you will have nothing to be scared of. you can make it what ever you want to make it.
 Usdt, been one of the stable coin, can be changed to any other coin with ease if you know the method to apply during the process. So I will even like it that way. that is, it should be used to for payment as it stands now.


  Since the volatility rate is a very negligible one, I see nothing to be scared of. Usdt, when been used as a means of my wages payment, I will be very glad to accept it from any angle because for example, my country's currency is depreciating day by day significantly that is why I said that.
  Even if it's not depreciating, for the fact that it value is not even up to 1/99 of usdt, who would not take it when given? I think most of the people that have the knowledge will eagerly and desperately going to accept it because of its significant value especially compare to their currency. So no problem.

I believe that there is no difference in which coins you receive your salary, if this coin can be converted to another currency at any time. And I am sure that if the management of the company where you work really starts paying salaries in stablecoins, then you will not change your place of work, but simply exchange stablecoins for the currency of the country where you live.

If you get a job and it is a well-paying job, you may not be able to reject accepting payment in USDT if that is the only option of payment that they give. If you start receiving wages in USDT you will become used to it and know what exactly to do whenever you receive.
I do not think anyone will refuse a job offer because the only payment method is through USDT.

It's a stable coin so there's no problem with USDT but you're right that some probably are only into Bitcoin and ethereum but they don't know a lot about stable coins and other cryptocurrencies. But once they started to understand and realize that there's so much with the crypto market and if they finds out that it's liquid, they're going to be happy to accept it as there's not that much difference aside from being liquid but it's just the same as the treatment we give to other known crypto as money.

They do get a lot less though, there are a lot of places (exchanges) who are not using the stablecoin market anymore and delisting some, even getting USDT delisted, which is insane when you think about it because that is the biggest one with hundreds of billions of dollars. So, I feel like the future of stablecoins look a little bleak and I believe that we are not going to see that work.

All in all we should consider wages being paid in USDT (or any other stablecoin) as a problem because in the future it could be quite troublesome to get those cashed out, what if it's banned everywhere? I believe that we should consider that as a problem and we should probably just consider what we could do with it as much as we can and just get paid in either fiat or btc instead.

If you would have asked me this question a year ago I would have surely answer yes but now the time has changed and we have to change as well according to the shift of power.

The power is drifting out of USAs hand especially after the oil dealings have been started in different currencies rather than dollar. Now more power will shift towards yuan and other currencies so dollar was a giant but now its being faded. So its more secure to wait and then answer this question.

I'll be happy to receive my salary in usdt if my country's fiat currency is devaluing due to inflation, so that it'll not affect the value of my money, so as the currency is devaluing the stablecoins will hedge it against the inflation  Secondly it'll be beneficial to me because I'm into cryptocurrency, it'll make it easier to convert it into any cryptocurrency for trading and investments. But it won't be beneficial to people whose economy are stable and also to people who're not into crypto businesses, they cannot easily spend it, they'll have to pay transaction fees in order to convert it to fiat.

indeed that concern about insolvency as well as the safety of holding stablecoin should also taken into account, i mean we all know tether is a private company that reserved money for pegging their USDT but i'm just maybe concerned that it might have weakness like UST has in the past.
personally i have no problem with USDT, the fact that it is already reaching billions of market cap might means that it just too big to fail. but anything can happen and there's always chance.

the instant someone receive their BTC if paid at current rate, they can easily convert it crypto is as liquid as ever, there's definitely no implication.
its just that maybe some people that aren't really well versed with cryptocurrency investment might fear losing their money even though its gonna be fine mostly if its temporary the volatility won't affect that much in my opinion.

We're even getting paid in Bitcoin and getting paid in USDT isn't a problem. Just don't pay in random altcoins that have no liquidity at all.
This is the reality that most of us wanted to get paid in Bitcoin, ETH or any other top altcoins so receiving USDT as a payment is totally fine and not a problem at all.

I think most people would rather accept a stablecoin than an actually crypto coin like bitcoin or Ethereum. Many people would be scared to get paid in bitcoin if next week the coin can lose 10% of its value. But if they were paid in USDT then many would accept it most likely.

Right now I don’t think people fear tether being insolvent since they hold so much USD that they make billions in revenue just from the US treasuries they hold. They also reinvest their profits back into Bitcoin itself. So since there is no more tether fud many would be happy to accept it.

Why not ? I've been in the crypto business for years, and I've always used USDT. If you are afraid of USDT, you can exchange it for fiat at your trusted exchange when you have been paid. Apart from that, many people are enthusiastic about bounties paid using USDT. If there were jobs on the internet that paid USDT, I think a lot of people would be interested. Even in real world work, if the person knows how to utilize USDT, I don't think he will refuse it.

I do not see too many reasons why I would want to do this, the only one that exist is that being paid in USDT will make my life slightly easier when buying bitcoin, however it would make the use of the rest of my money way more complex as no business I know accepts USDT.

And I suppose I would not be the only one with that kind of problem, and even if it did not existed, I am sure many people on this forum will never accept to receive stable coins as their main source of income, since we know that those coins can collapse at any given time, and we have witnessed examples of this recently.

This is the advantage of USDT, as it is available in most centralized exchanges, you have no problem exchanging it right away. So if in case you will receive USDT, you can directly convert it to USD if you need it. As the price is usually stable, the change may be very small if you are worried about the price volatility of this stablecoin. So for me, it doesn't pose any problem and you can accept it without a doubt.

I think it is no problem to have the salary in USDT as long as the amount of the salary is satisfying. 
I won't keep the USDT but I will convert it on the exchange directly. It won't be difficult to sell the USDT in exchanges, we just need to have CEX account. Since it is a stablecoin, it has no huge volatility in the price. So, I think it is secure enough to be the salary of everyone.

We can convert it to dollars anytime. It can be through regular withdrawal in the exchange account, the dollars will be sent to our bank account ourselves. Or we also can use p2p transactions, it can also be an alternative in converting the USDT to bank accounts.

To me it depend on how exposed you are about the risk behind USDT and how do you think it will affect your holdings in future especially if you are into cryptocurrency.

I would accept it if it is me because I know that I can use them direct to achieve my bitcoin holding dream, I don’t need to be looking for ways to transfer them into exchange again.
And since there are exchanges that offers p2p transactions, you can cashed the money out anytime you want.

True, if the company would really be having that kind of transition and your boss or the owner would really be planning on giving out that USDT payment or pay then there's nothing you can do but if it would turns out to be an option then it would really be on your choice whether you would really be that accepting out such option or not but if you are somewhat a trader then it would be something useful but if you would really be
still that directly be cashing out all of those USDT then it would really be just still all the same on which you would really be making out those conversions after all. So it would really be that depending into someones
preference since not all would really be having on the same interest when it comes to this.

Regulation is something that will really be that an issue in regarding this since not all places in the world would really be allowing that crypto integration even if this one turns out to be a stablecoin
then it wont really be that easily be having that kind of availability as a replacement or an option for worker salary pay.

It just depends on how regulations allow crypto as a substitute for traditional currencies.
We are in the same place, regulation requires that we do not adopt crypto freely because there are restrictions on the use of crypto only for commodities.

I also don't expect my salary to be paid in crypto like USDT even though it is a stablecoin or paid in Bitcoin.
Receiving a salary with native currency is still better at the moment, because we are talking about a matter of risk and everyone will not accept crypto as payment.

But maybe another thing, when we work on this forum and accept payments using crypto, it still looks good.

It is easier to spend the digital dollar online than receiving the USD in check so that's the advantage of it which many have already been using even the people that are not in this community are aware of it already.

USDT whether backed by real USD or not, is acceptable still in different stores so why not?  if anyone prefers BTC, he may buy BTC using that USDT. i think a lot are planning to do so when they are paid in USDT. this is the most use case of USDT for most traders.

Yes I agree with you, they are both very similar and one is worse than the other.

It is true that USDT is still unclear whether they actually have the reserves, but on the other hand, does the dollar have real coverage from gold, for example? Or even do the numbers in banks and on government computers of dollar balances match the paper dollars printed on the ground? Certainly not, I think most of these numbers are fictitious.

I personally don't like the dollar or USDT either, but in general I prefer owning any digital currency over fiat currencies if I have to, but if I had a choice I would only choose Bitcoin or another cryptocurrency with a good value.

I would say it would be a "No" from my side because it would be just like fiat and no appreciation so what's the purpose of getting paid through USDT as it doesn't have any benefit to choose over fiat and if we want to spend t we save to go through the hassle of converting it into fiat so I would not prefer and moreover I am skeptical whether they really hold value equivalent of supply USDT in dollars

There is no need to panic about this as long as you know how to exchange it from USDT to US dollars using the Coinbase exchange as assistance. Because for me, this is not a serious problem, especially if USDT itself supports more networks and pairs on major exchanges at the moment, making it quite easy for anyone who wants to exchange it for another currency. So there's no need to panic over just a small thing like this, especially if you can solve it in a fairly easy way without having to worry about thinking about fluctuations or risks.

I can receive wages from any altcoin including USDT as one of them, but of course I cannot expect the government to do so. Cryptocurrencies including coinstable are not legal tender in my country, but I can sell services to be paid in crypto online, including bitcoin or USDT.

USDT is a currency that is accepted in many places as a means of payment so far, but USDT is not accepted by everyone. Regulatory issues are the biggest factor in the crypto adoption journey, so I can't expect my salary to be paid in USDT, especially in a real job.

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OP, move this topic to an altcoin discussion, that tends to be the more appropriate for this topic place.

Why not? actually I am very happy if all my wages were paid in USDT because the values of my local currency not stable yet and USDT keep increasing drastically day by day. Almost the same with bitcoin values get increasing up and USDT more excited fiat depend on my local currency how difficult to stop USDT values keep increasing.
Since this year almost 3% the increasing of USDT and seems very interested if any company in my country want to pay with USDT as wages but I don't think its come true if working with company still operation in my country.

Seems interested when working as influencer and get client around the world with their payment using USDT, I am so excited and make most of payment salary with USDT as saving and investment assets in the future with the increasing values.

We have a public ride here in our country called Jeep its a cheaper way of ride than bus and trains. Imagine you gonna pay to the driver a usdt knowing what he needs is the currency acceptable on that country how can you make that convenient? Also when you are in a hiking mountains and theres no signal and you need a payment for the tour guide I supposed they will ask for a cash payment not bank transfer even so not crypto usdt.

Can you use usdt when you to a carnival? Or some normal everyday things you need yo pay something. Yes some establishment considered that but not all your expenses are on those establishment.

So how can you make it possible maybe for a 1st world country it is flexible. But lets admit not all countries support crypto or at least accept usdt payment.

Maybe in your country its convenient for you but think other places too. Im not gonna say that if I havent have a valid arguement.

Why not? But each of us has our own preferences, so I can't force you with that if you think it's weird for you. Why won't I use them when crypto is also a currency or a money just like a fiat? And USDT is more close to it. It's name says it all >"US dollar".

Even a regular crypto can be spent out directly, much more USDT because it is a dollar but only a digital one. Yes, the employer needs to deposit it in our account first before we can use them but what about a regular salary? They are also being deposited in our bank accounts first while there are some who just handed out directly in an envelope. Some prefers it too because they can use it immediately.

USDT is a temporary solution for those who want to obtain a stable currency and do not want to convert to the dollar, or for those who want to trade without having to return to the bank account, but this does not mean that the USDT has the same value as the dollar or that it is used for long-term investing.

I mean it would be doable but I would have to cash out the USDT every time the salary hits.
Either withdraw it so you have that value in hard cash, with no option of it devalue-ing up to 2-digit-% losses in a couple of minutes. Or convert the USDT into another crypto or investments and hope for the better.

On the other hand, if you don't have any other income stream, you will have to withdraw in order to have some liquidity for life expensses.

Stable coins has a lot of pairs right now if you get back with the previous history of the market especially the Luna coin case the price of the stable coins de-peg so ideally there a volatility, if you can make a quick trade with the fiat or have a chance could be a fiat currency its better to take than having unexpected market crash and lose the value of it. Tons of topic already created about the use of the crypto as payment method but takes a lot of hassle to the user who is not knowledgeable with the crypto.

You know that USDT is pegged to the US dollar, right?

Everything you have listed here also applies to USDT, there is hardly any difference ... except that with USDT it's still not clear whether they actually have the reserves or whether at some point the bomb will burst and the pegging can no longer be maintained ... with billions in damage to the overall market.

As for me, I will accept taking my salary in USDT instead of the paper dollar, although the USDT has a lot of question marks about reserves, centralization, etc., but for me it is still much better than the paper dollar.

The paper dollar has no value. In fact, it is just a piece of paper from which the government can print as much as it wants. USDT is not much better, but it is at least a stable digital currency that can be easily stored or transferred across borders, and you can convert it to Bitcoin or any cryptocurrency of value.

If in my country, cryptos are legalised and less charges are imposed in it, then I won’t mind taking my salary in the form of USDT. To be frank currently I take money in cryptos only, specifically in Bitcoins for the little freelancing work I do. I use the p2p transactions to cash it out in my local currency. I would say USDT has more benefits than the USD, hence it won’t be any problem to take the payment in crypto or specifically USDT.

its literally just USD in digitalized form though I think some people out there doesn't matter where they come from if they can be paid in some stablecoin of various currencies based on their own region and is pegged on real fiat value they will have no problem, its just a few steps away from becoming fiat money anyway though it does indeed seems like taking more steps than just having the salary paid directly to our bank accounts but for someone that are rather investing minded they'd gladly take up the offer, save them hassle from converting their fiat to stablecoin through various process by the exchange.
its only problematic for people when they are paid in something that is volatile in value not all people can afford the volatile nature of certain investment asset so it need or require at least their agreement so that if someone just can't tolerate volatility of value they can just back off from the offer.

From time to time, some celebrity or public figure (baseball, basketball, football players, the mayor of Miami and New York, deputies from Europe) declares that he is ready to receive a salary (or part) in bitcoin, but I have never heard of anyone someone expressed a desire for USDT. I would follow their example and agree to bitcoin, but not USDT.

Does thinking about risks make you panic? Do economic crises and collapses that arise in the traditional monetary system not confuse you? Because you are used to thinking that traditional money is safe and reliable, although there are also risks in that system. I say this in defense of bitcoin, not USDT. I trust USDT the least among the announced currencies. What collateral does this asset have?

If we talk about USDT, then for most it is unlikely to be suitable as a means of receiving a salary, because this type of cryptocurrency can't pay for current expenses (housing, food, etc.). I think that not a single currency is suitable for this now.

Why not if the purpose is to accept it as your salary?  But it doesn't mean you will hold it for a long time.
Though the USDT was designed to be a stablecoin, still there's a risk behind it, it could be de-peg or lose value.

Yes, the changes in supply and demand of the market within the cryptocurrency market could also cause USDT's value to deviate from its peg.
It's inflation risk that can't protect against inflation in the market.  If the US dollar experiences significant inflation, the purchasing power of USDT holders could decrease over time.

This is only if you meant for holding, but if not, you can receive it as your salary and convert it to fiat if you want to have your fund.

UDST is enough trusted stable coin and it is very easy to cash out so I have no problem accepting USDT as payment. Us dollar is enough strong money and reserve currency of the whole world.  Also USDT is the most trusted cryptocurrency and has the highest market cap so I don't see any fear of anyone adopting it. so I think everyone who knows about crypto and knows USDT will not feel any qualms about accepting usdt as payment.

what is certain is that for security and my needs, of course choosing US Dollars is an option. but if we talk about the future when USDT can finally be used in certain networks throughout the world. then I will take the risk to continue accepting USDT payments.

Moreover, for current use, although we will be paid in USDT for our work. still, we can convert immediately to US Dollars to get a sense of security and fulfill our needs.
When there are companies that pay their employees with USDT, I think they must have taken into account what the best scheme is for the company's finances and also the situation of their employees.

All the transactions we make in real life have a greater percentage or even almost 100% using USD/Fiat so there is no urgency to receive a salary with USDT, in fact this is more risky because the value can become zero in one night if something unexpected happens because crypto is always full of surprises.
If we need stablecoins, just buy them with the fiat we have, even if we choose the salary using USDT it will be reduced due to exchange and withdrawal fees because we will still use fiat. So we have to remain realistic even though we like crypto, but fiat is what we use the most.

Interestingly, we are not faced with this choice and salaries are always paid using official fiat currency issued by the government.
The matter of choice depends on each individual who accepts it or not, but why it should be a priority. Now the jobs are paid according to the company rules and we should know that before working in that place.
Most people use USDT so when faced with the choice why don't we take this step, especially since it is easier to transfer. The only issue to consider is security issues so that the assets are not hacked or have problems.

USDT is a good option only for cross border payments other than that it doesn't hold any importance. If someone gets paid in USDT they still will need to convert it into fiat as it is not accepted everywhere. Grocery, rent payments, bill payments cannot be done using USDT, those payments require fiat. I personally won't be interested in getting my wages paid in USDT unless my employer is situated in a different country.

Probably not if you are talking about real time job but if you are a freelancer or online works maybe its okay. There are some who accept it on some remittances and platform provided you are into crypto but if not then totally not good idea. Why would you used it knowing its a crypto stable of course you need to deposit it or make it as currency first.

It was the expected one by the bitcoin traders who do the real job in other private sectors or business.The USDT can be saved in the cryptocurrency wallet,So the people who get salary will not spend it completely.Because need to convert their earnings money to fiat all the time before the expenses.The risk of the Usdt was very low,we know even the bank accounts get hacked by the some hackers.The usage of the Usdt around the country become more easier and easy to use of the Usdt among the people buying selling products.



The Usdt had their huge demand for now,many people use the Usdt to save the money in the digital form.So the company paying the income in usdt will get more employees.The employees easily accept the Usdt as compared to the USD in United States.The wallet should be covered with the more security features to avoid of hacking.

It makes sense about the reasons of everyone. But if you're into the crypto market and you're an active trader, it's an advantage to you.
It's less hassle and you've got funds ready to get traded in the market when you need it most. Yet, for the sake of safety net and the gross and net salary income, you should choose fiat IMO.

Maybe for others, it's okay if the person receiving the salary is a crypto enthusiast, because they can use the USDT directly to the exchange, where they can immediately buy crypto assets.
It just depends on which wallet destination address it will be sent to.

So the only cons of this are that there might be a chance to hack your account. So, in my opinion, if you are an employee, it is better to pay in fiat instead of such stablecoins.
This is just my suggestion.

I predicted this is the reason why some people will accept the USDT payment, the continuous devaluation of their currency but if you ask me the only thing about accepting this USDT is cross border transactions which are seemingly easier with them. But the saying that their currency devalues shouldn’t be compare, because to me you will need to convert again to that currency again to buy stuffs for upkeep. So to me as long you’re not saving the money then your currency is better. As you can also do same thing as with the USDT with it. Should you decide to invest then you can simply just buy bitcoin from exchanges again

I'm sure everyone here has a different response to this question, but for me, no, I will not accept it, or I will not let my salary be in USDT. The thing is that your salary is what you used in order to have daily expenses or pay bills, so if I receive a USDT as a salary, then I will need to do a transfer and conversion first before I can make it into US dollars. So what's the point of receiving USDT when you eventually convert it? So I don't see the point of doing that. Maybe some people want their salary to be in USDT because they are into crypto currency stuff, and they will need that ISDT in order to make investments. So in short, no, I will not accept and let that happen. I can convert my US dollar salary into USDT if I want to, if I want to invest some of my salary.

If you need USDT, you can easily get it by exchanging your USD and this does not require rebuilding the financial system of your company. As for the use of USDT in everyday life, you can issue a cryptocurrency card, for example, the Bybit exchange and use it for calculations.

Well, what you said is correct by you, but what if you happen to be overseas and your boss can't seem to credit your account for some very awful reason of not being able to find your account details or the cost of transferring the funds via a bank chanel is way difficult?

For me, it would demand that I have already had a prior knowledge of the fact that my boss knows about crypto currency and he/she is aware that I do have  a knowledge too, before such transaction of wages in USDT will be concluded. Else, he/she has to pay my wages in same format like others.

My salary is not in US dollars. I wish it were though. If given the option, yes, I would ask to be paid in USDT after all, devaluation of my currency has made it pretty useless. I am not going to accept USDT only because of its ease with cross-border payments, I will accept it because when compared to my currency, it is more stable and a better store of value.

The plan is simple though if this were to happen. And it is, get paid in USDT, convert a portion of it to bitcoin and send to airgapped wallet, convert the other to my currency and use for every day transactions since I can't use crypto yet for it.

I would definitely got for it, because the fiat rates of USD and USDT in my country are different, as USD is a little cheaper than USDT. So if I will be getting paid in USDT I might be getting more fiat, but yeah if the employer is more focused on the fiat rate than the USDT amount then he might calculate the USDT accordingly. But still if he do, I will go for USDT because I can transfer my USDT easily with USD and I can easily buy crypto with it.

I have two good options, as I am into crypto and if I am getting paid in crypto dollars I can easily invest in whatever coin I want and I don't have to do P2P anymore. Things will get a little easier. Even if I have to do the shopping I can easily do it with USDT as well on some online stores.

It wont really be an issue though if you are someone who would really be cashing it out right away on the time or once you would really be able to receive it not unless if you would really be tending to hold it for long time as an act of savings or somewhat then it is really that risky considering about on that depegging thing on which this is something that could really happen out on a certain situation on which it would
really be better to get fiat instead. Also what would really be so special on trying out to accept or getting that USDT if it would really be just that still the same in talks about value?
Its not really that something that will really be that interesting in compared on getting some other coins in the market, but well it would really be on  your choice.

This is going to be totally dependent on personal situations. If for example, I was in a country with a really really bad government, I'd most likely take the USDT so I can leave the country immediately with fewer problems with banks if I wanted to. Otherwise, maybe not.

Asking? No!

If forcibly given and I have no choice then I'll take it. So, that's the difference if I'm asked to receive that payment in USDT by my company, I'd say no.

But if they're forcing it to everyone and we have no option then that's it, no option to take it.

@Blackboss_ have good explanation towards stable coins.

But here's my take about what you have been asked well yes I would provably agree to accept USDT as payment on my salary since I know what to do with it and its good that I don't need to go somewhere else just to buy stable coin or other crypto also I can save fees by having that. Don't need to go anywhere just to have this coins just what I usually do when I want to have those currency just to deposit on my investment or to gamble.

But for other non crypto guy for sure they might don't like the idea to receive their salary in USDT since for sure they would struggle to find some ways to cash it out since there knowledge is limited about this coins.

I do not think this is the right board for this topic it would be better if you bring this discussion under altcoin discussion to get a better response.

Since most of people use USDT and it is widely used so why not accept USDT instead of the US dollar because it is easier to transfer than accepting a US dollar? The only risk is how you protect your wallet from hackers I don't think there is an issue with Depeg?

There was a hack that happened I think last 2015 about USDT that made developers push to make a hard fork USDT to make the stolen USDT unspendable. I don't see any other risk of accepting USDT.

USDT and other stable coins have risk of de-peg. You don't know stable coins will de-peg or not so if you prioritize safety of your salary, choose US. dollar.

If you are a cryptocurrency enthusiast and can afford to pay loss if a stable coin de-pegs, choose Tether USDT. Risk exists but if you can trust Tether's report for audits company, it's one of best stable coin for you to use and to store your fund in cryptocurrency.

Stablecoins: A Deep Dive into Valuation and Depegging

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!