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Topic: Is USDT a trustable? - page 3. (Read 1748 times)

copper member
Activity: 560
Merit: 1
December 23, 2021, 01:24:06 PM
A very small percentage of USD stable coins can be obtained by holding or stakeholding on any exchange.  Other coins, like any other coin, give a higher percentage for stacking, not stable coin. USDT stable coin has many advantages, to keep it in hold any time the market goes down and entry into a good project easily becomes the right time.
hero member
Activity: 2492
Merit: 542
December 23, 2021, 11:09:35 AM
In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

yes USDT can be trusted because it is a very stable coin and USDT price always follows the real dollar price. There is nothing to be afraid of from USDT, if you hear any news or information about cryptocurrencies then you better find out the truth of the news. Now that the proof is USDT is still safe to buy, don't be afraid to own USDT because this token is not a scam.
The issue with USDT is if its really backed by USD fiat secured in banks, we all know that USDT token minted billions of dollars you cant really mint usdt tokens if not backed by anything, this is the problem thats why until now many have doubts about this stable coin.
member
Activity: 420
Merit: 13
$CYBERCASH METAVERSE
December 23, 2021, 10:44:38 AM
This is a quick reminder, If you have anything against USDT or you can't just trust them enough then consider terra USD (UST) the whales are moving more money with this stable coin than others this days and also terra blockchain is performing better than BSC as the news said this morning
full member
Activity: 1292
Merit: 101
Vave.com
December 23, 2021, 10:27:02 AM
The bad news is part of the market, every day bad news and good news coming for crypto, USDT number 4 in coinmarketcap and leader since the long time this a not scam and bad news are wrong about USDT so you can hold your funds in USDT no need to convert in another stable coin.
Its true that bad news is always around us on crypto .We always survive after that sun will sunshine .However i have never found any bad news concerning the stable coin USDT .If you have any provide me the legal source what can really trust to me except that everything is rumor to me .A huge amount of transaction are happening with this stable coin without any issue .Honestly i have never found any issue on that so how could i tell that to ignore it .If anything might happen we all have the news concerning it .However its trader and holder choice to use it or hold it cause we have many option too as well but i have strong believe in it and i am using it on trading and holding on it as well .
jr. member
Activity: 382
Merit: 1
December 23, 2021, 10:15:14 AM
Trust me, USDT is a stablecoin that reflects the price of the US dollar, because it is one of the most stable coins in the crypto market, you don't have to worry about this one coin and don't be swayed by bad news. . out there, I think investing in usdt is very safe from the highest risks when a bear market comes along.
            
jr. member
Activity: 111
Merit: 1
December 18, 2021, 09:08:23 AM
Yea  I think usdt safest stable coin recently we see a some bad news about that but nothing happened so better is hold half in busd and half in usdt so we won't face any difficulty
sr. member
Activity: 392
Merit: 257
December 18, 2021, 12:13:09 AM
I know that USDT is the most commonly used stable coin in the market but I dont think it is trustable as each USDT is claimed to be backed by 1 USD but never given a proper audit and also its marketcap which have increased in 1 year from 40B $ to 76B $, do they really have that much USD to back USDT up?
I would prefer more safer decentralized stable coins like UST,DAI and USDC.
full member
Activity: 1025
Merit: 100
PredX - AI-Powered Prediction Market
December 17, 2021, 02:57:31 PM
USDT is the best stablecoin ever in crypto, and of course it is very safe to store and use usdt as an alternative exchange, it's been three years I use usdt but I didn't find any significant problems at all, although there is a lot of skewed news about usdt but until now we still see usdt equivalent to US dollar,
legendary
Activity: 3276
Merit: 2442
December 17, 2021, 02:10:41 PM
interesting topic. i am also worried too.
base on coinmarketcap
in less than 1 year USDT marketcap just pumping from 4B $ to 76B $.
its 20x, but if USDT will collapse, they will bring down entiry market to the very bottom

Not only the crypto markets sadly. If tether goes down, it will affect stocks too. Everything will go down for a while because crypto is a 2 trillion dollar market now. If crypto goes down, there will be a huge wealth loss and it could be very big, just enough to trigger a world wide market collapse. Tether is a systemic risk now for everybody lives on earth.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
December 17, 2021, 02:00:14 PM
In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

yes USDT can be trusted because it is a very stable coin and USDT price always follows the real dollar price. There is nothing to be afraid of from USDT, if you hear any news or information about cryptocurrencies then you better find out the truth of the news. Now that the proof is USDT is still safe to buy, don't be afraid to own USDT because this token is not a scam.

It's still being used inside crypto market, those who wanted to take some rest with this falling market simply trade their asset with USDT, same value with dollar, they can either cut their losses and try to buy back when dip continue to take place, you need to take some time before believing in anything, it's your assessment that will guide you while you are inside this market.

Don't be moved by other's opinion, better to assess it y yourself if USDT is useful or not.

Your own experienced matter when working with crypto, Wink Cool
full member
Activity: 1092
Merit: 105
Sugars.zone | DatingFi - Earn for Posting
December 17, 2021, 01:59:20 PM
Of course, there is a fly in the ointment in this project, but still the project has been on the market for a long time and I myself use this stablecoin and did not notice anything bad, only a lot of negative news, but still many people use it.It seems to me that the main issue with USDT is the provision of real $ if everything were transparent, there would be nothing like that.
full member
Activity: 640
Merit: 104
December 17, 2021, 01:32:09 PM
In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

yes USDT can be trusted because it is a very stable coin and USDT price always follows the real dollar price. There is nothing to be afraid of from USDT, if you hear any news or information about cryptocurrencies then you better find out the truth of the news. Now that the proof is USDT is still safe to buy, don't be afraid to own USDT because this token is not a scam.
full member
Activity: 815
Merit: 101
December 17, 2021, 01:09:35 PM
In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

USDT has passed various audits and no doubt USDT is very reliable, we can even see the source code so that if there is anything suspicious it will be easy to find out, the daily transaction volume of USDT is 2x that of bitcoin and makes me not hesitate to save assets to USDT.
full member
Activity: 1568
Merit: 100
COMBONetwork
December 17, 2021, 12:19:41 PM
bad news circulating about usdt does not affect its current growth at all, in fact I see these factors make usdt the more grow, this is proof that usdt is a strong and safe stablecoin to invest in, I personally have been using usdt for 2 years and no problem at all.
So far I've used USDT also never had any problems and I have no hesitation in mentioning that USDT is a good and reliable stable coin,
obviously everyone has their own experience in using USDT,
so I think everyone has their own opinion on it
newbie
Activity: 10
Merit: 0
December 17, 2021, 11:59:58 AM
I thing that recently Tether is Stablecoin and the third biggest Famous cryptocurrency And  by market capitalization holder. It's also the biggest stablecoin on the market. But its popularity doesn't necessarily make it a safe investment. Because I believe the USDT does not have its own blockchain, it operates as a second-layer token on top of other cryptocurrencies  blockchains Like Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash. And from the answers of those who are currently Manageing it, questions have often arisen as to whether there will be any cheating by ether management in the future. Because their answers have proved to be very impractical. So I don't trust ether. There are now many reliable coins available in the market to replace him. He has to pass an honesty test to maintain his popularity. Only then will it survive in the market in the future.
member
Activity: 1027
Merit: 11
December 17, 2021, 11:22:32 AM
bad news circulating about usdt does not affect its current growth at all, in fact I see these factors make usdt the more grow, this is proof that usdt is a strong and safe stablecoin to invest in, I personally have been using usdt for 2 years and no problem at all.
sr. member
Activity: 1484
Merit: 254
December 17, 2021, 10:38:20 AM
USDT is a coin that has gone through a rigorous selection and audit so that it can be ensured that it is safe, until now there has been no major issue that has disturbed USDT so that almost a year the transaction volume of USDT is the largest and is currently 2x the daily transaction volume of bitcoin.
sr. member
Activity: 1002
Merit: 254
Tontogether | Save Smart & Win Big
December 17, 2021, 10:36:05 AM
I think many trusted coin are available in the market and some fake news about USDT that is not a trusted so first of all i say that is absolutely rong and the other thing is that anyone said this type news kindly submit with a proof.
USDT is a stable coin and a Trust full coin so people support and use to USDT stable there money so its a great and strong and wonderful Coin.
full member
Activity: 1382
Merit: 105
December 17, 2021, 10:15:27 AM
The bad news is part of the market, every day bad news and good news coming for crypto, USDT number 4 in coinmarketcap and leader since the long time this a not scam and bad news are wrong about USDT so you can hold your funds in USDT no need to convert in another stable coin.
full member
Activity: 845
Merit: 100
December 17, 2021, 09:54:57 AM
Many rumors say that USDT is not safe, but I use USDT for more than 3 years and everything is safe, haven't found any problems, no matter how much we send then that's what we receive, even though it is stable sometimes the price also goes up or down, this is an adjustment between the algorithm and usually a few minutes it will stabilize again.
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