Is USDT a trustable? - page 6. | Bitcointalksearch.org

Abiky

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Quote from: coco23 on November 07, 2021, 08:26:44 AM

USDT is the oldest, most established and largest stablecoin and presumably easier to integrate than other stablecoins. This doesn't mean it is the best or safest stablecoin though.
I would suggest to split your holdings across several stablecoins to avoid a large loss in case USDT or another one is going south. To me it is not a question if, but when this will happen.

USDT may be the oldest stablecoin, but it's still subject to failure. The situation is even worse when the coin itself is centralized. A government crackdown or the issuer running away with the money could put an end to Tether for good. I wouldn't trust anything that's centralized since the risk of loss is always there. Instead of trusting a centralized stablecoin like Tether, you should trust a decentralized alternative like DAI.

Ultimately, you decide what you want to do with your money. The crypto market will carry on as usual with or without Tether (USDT). As long as decentralization prevails, nothing else matters. Just my thoughts Grin

gurunanakji777

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Ignore such bad news it is still highly trustable stable coin. If you are still worried you can use BUSD or TRCusd these both also a good option but I do not see anything bad in using USDT. I don't think it will be a scam.

globalpain

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Quote from: giammangiato on November 11, 2021, 04:36:40 AM

Quote from: kojektea on November 10, 2021, 10:32:59 AM

Quote from: hak13 on October 09, 2021, 06:13:02 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?

Can you provide a news source if USDT proves to be a scam? Because so far USDT is very secure even this is like a cryptocurrency bank. USDT is centralized to keep USDT safe from dangerous things such as fraud, money laundering. An alternative to USDT is BUSD. I use both, but USDT is very expensive in its transaction fees if using the ethereum network. The solution is to switch to a tron network.

Could you cite the sources? I regularly use USDT for trading activities, up to now I have not had any kind of problem, before giving this alarming news, wouldn't it be fair to ascertain all this? I don't want to be bad, but I did a quick search and can't find anything "serious" around

I agree with you because I myself have not experienced any problems when using USDT,
so far USDT remains a stable coin and I don't have the slightest doubt about it,
I hope the worrying news really doesn't exist

Huppercase

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Quote from: Litherium on November 11, 2021, 01:03:11 AM

depending on the perception of each. So far I'm using USDT as a trading pair and haven't had any problems at all. this shows that USDT is still feasible to use. the rest depends on how you judge it.

Because you are trading an asset doesn't mean you are safe, you are safe because it still hold your value.
Usdt is surrounded by allegations and has always have something to hide for the public which is not a good thing for holders.
I used USDC not because I trust but because they have this transparency in them though but not 100%

giammangiato

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Quote from: kojektea on November 10, 2021, 10:32:59 AM

Quote from: hak13 on October 09, 2021, 06:13:02 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?

Can you provide a news source if USDT proves to be a scam? Because so far USDT is very secure even this is like a cryptocurrency bank. USDT is centralized to keep USDT safe from dangerous things such as fraud, money laundering. An alternative to USDT is BUSD. I use both, but USDT is very expensive in its transaction fees if using the ethereum network. The solution is to switch to a tron network.

Could you cite the sources? I regularly use USDT for trading activities, up to now I have not had any kind of problem, before giving this alarming news, wouldn't it be fair to ascertain all this? I don't want to be bad, but I did a quick search and can't find anything "serious" around

triat

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Quote from: Ayyang on November 11, 2021, 02:42:27 AM

For me never face a single problem during trade in USDT, I am trading with USDT from 2017, if you do not trust on USDT than there are so many cryptocurriens like BUSD etc. you can trad on it

to be honest, I already believe in USDT more than in dollar. Now in UA, the dollar rate is falling, but at the same time usdt and busd are standing still. That's it.

Ayyang

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For me never face a single problem during trade in USDT, I am trading with USDT from 2017, if you do not trust on USDT than there are so many cryptocurriens like BUSD etc. you can trad on it

Litherium

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depending on the perception of each. So far I'm using USDT as a trading pair and haven't had any problems at all. this shows that USDT is still feasible to use. the rest depends on how you judge it.

kojektea

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Quote from: hak13 on October 09, 2021, 06:13:02 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?

Can you provide a news source if USDT proves to be a scam? Because so far USDT is very secure even this is like a cryptocurrency bank. USDT is centralized to keep USDT safe from dangerous things such as fraud, money laundering. An alternative to USDT is BUSD. I use both, but USDT is very expensive in its transaction fees if using the ethereum network. The solution is to switch to a tron network.

dificanovi

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Quote from: hak13 on October 09, 2021, 06:13:02 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?

I think it's fake news made up without any explanation about the USDT issue. Now we can see that the USDT price is still stable and there are no issues with the USDT coin. Where did you get that USDT is a scam, you better digest all the news you see first and don't immediately believe in news that is not clear.

LUCKMCFLY

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Quote from: finaleshot2016 on November 02, 2021, 04:04:24 PM

Quote from: bastian466 on November 02, 2021, 01:58:44 PM

USDT is becoming another crypto pair in almost every exchange market. From the arrival of the bad news until now there has been no striking change. Like altcoins, if there is bad news, usually the price will drop. Now usdt still looks stable even though the price is going down it's because other altcoins are going up

The goal of USDT is to be a stable coin that everyone can trade and that has the same value as fiat currency. That's why USDT and BUSD don't vary their pricing much; the low percentage change is due to the fact that it's not designed to be an investment asset; instead, it's a mechanism that allows us to hold money without worrying about it.

I agree with your opinion, the truth when I exchange with USDT the transactions are very fast and reliable, in fact the majority of transactions that are to take from crypto to Fiat I prefer to change first to USDT and then obtain fiat, based on this in the exchanges decentralized I have had the opportunity to use a lot of BUSD and the experience has been very satisfactory, for me both usdt and busd have gone well for me, in fact when I have made some network changes I have had to work in the Factory network with FUSD and the bridge points directly to make the exchange with BUSD.

coco23

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Quote from: nekorakoeora on November 06, 2021, 12:51:42 PM

Until now even more and more exchanges are making USDT as their main stable coin. If why should this be indicated a scam? USDT is currently increasingly being used as an investor's choice, especially when other cryptocurrencies fall. Or it can be said to be for asset security. Related to existing scam news may need to be reviewed again the truth.

USDT is the oldest, most established and largest stablecoin and presumably easier to integrate than other stablecoins. This doesn't mean it is the best or safest stablecoin though.
I would suggest to split your holdings across several stablecoins to avoid a large loss in case USDT or another one is going south. To me it is not a question if, but when this will happen.

nekorakoeora

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Until now even more and more exchanges are making USDT as their main stable coin. If why should this be indicated a scam? USDT is currently increasingly being used as an investor's choice, especially when other cryptocurrencies fall. Or it can be said to be for asset security. Related to existing scam news may need to be reviewed again the truth.

Wawa2013

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Quote from: kapalmabur on November 06, 2021, 05:05:42 AM

Quote from: gwdf1 on November 06, 2021, 01:32:44 AM

Quote from: Dr.Osh on November 06, 2021, 01:25:45 AM

Actually, if you are afraid of FUD which is for USDT, there are still quite a lot of other alternatives such as BUSD, USDC, and so on. Personally, I don't have any complaints about using USDT so far. Indeed, there are quite a lot of existing FUDs, such as backing up real money, only 70%, and so on. however, it does not cover that USDT is currently the most widely used stability coin. So, I think, it's still very much worth using.

People use Tether in spite of all bad news just because it is convenient and one of the most stable. It is supported by all exchanges as opposed to more trustless stablecoins. For example DAI is a decentralised one so it is considered to be more reliable,but it is less popular as it doesn't have pairs with all currencies, so it takes more time and money to exchange DAI to other coins.

Although there is bad news about Tether but we can't deny that Tether is still the choice of many people,
because if we talk about stable coins it can't be separated from Tether,
I hope that some good news will come

It seems that not only USDT has its deficiency and bad news, almost all coins have their deficiency and bad news. Even Bitcoin, which is the best
and most popular coin, has its drawbacks and bad news, because no project is perfect. For USDT haters, they will definitely spread FUD about USDT
and we don't immediately trust FUD spread about USDT. We need to check all the information and news we receive, because based on my investigation,
until now USDT is still the choice of many people. That's because USDT can be trusted, so USDT are listed on various popular exchanges. Even
my experience while using USDT has never had a serious problem, so USDT is a stable coin that I recommend to save our funds to avoid
the volatile crypto market.

kapalmabur

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Quote from: gwdf1 on November 06, 2021, 01:32:44 AM

Quote from: Dr.Osh on November 06, 2021, 01:25:45 AM

Actually, if you are afraid of FUD which is for USDT, there are still quite a lot of other alternatives such as BUSD, USDC, and so on. Personally, I don't have any complaints about using USDT so far. Indeed, there are quite a lot of existing FUDs, such as backing up real money, only 70%, and so on. however, it does not cover that USDT is currently the most widely used stability coin. So, I think, it's still very much worth using.

People use Tether in spite of all bad news just because it is convenient and one of the most stable. It is supported by all exchanges as opposed to more trustless stablecoins. For example DAI is a decentralised one so it is considered to be more reliable,but it is less popular as it doesn't have pairs with all currencies, so it takes more time and money to exchange DAI to other coins.

Although there is bad news about Tether but we can't deny that Tether is still the choice of many people,
because if we talk about stable coins it can't be separated from Tether,
I hope that some good news will come

gwdf1

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Quote from: Dr.Osh on November 06, 2021, 01:25:45 AM

Actually, if you are afraid of FUD which is for USDT, there are still quite a lot of other alternatives such as BUSD, USDC, and so on. Personally, I don't have any complaints about using USDT so far. Indeed, there are quite a lot of existing FUDs, such as backing up real money, only 70%, and so on. however, it does not cover that USDT is currently the most widely used stability coin. So, I think, it's still very much worth using.

People use Tether in spite of all bad news just because it is convenient and one of the most stable. It is supported by all exchanges as opposed to more trustless stablecoins. For example DAI is a decentralised one so it is considered to be more reliable,but it is less popular as it doesn't have pairs with all currencies, so it takes more time and money to exchange DAI to other coins.

Dr.Osh

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Quote from: letyouearn on November 05, 2021, 07:25:39 PM

Quote from: hak13 on October 09, 2021, 06:13:02 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?

Oh, god... Yeah, sure. And lots of big news comes from China (again). They are banning crypto, we all gonna die from starving.
Check out how often this happens to Tether and make some conclusions about their real power

Actually, if you are afraid of FUD which is for USDT, there are still quite a lot of other alternatives such as BUSD, USDC, and so on. Personally, I don't have any complaints about using USDT so far. Indeed, there are quite a lot of existing FUDs, such as backing up real money, only 70%, and so on. however, it does not cover that USDT is currently the most widely used stability coin. So, I think, it's still very much worth using.

letyouearn

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Quote from: hak13 on October 09, 2021, 06:13:02 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?

Oh, god... Yeah, sure. And lots of big news comes from China (again). They are banning crypto, we all gonna die from starving.
Check out how often this happens to Tether and make some conclusions about their real power

Valak

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Ideally, this would mean that Tether is trading at $1 on all exchanges and can be used one dollar. But in practice, prices tend to fluctuate a bit.

kobir6678

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USDT is the always stable its good use people safe or no money risk, potential USDT use people safe or secure money use blockchain technology. Like as Maney chain USDT stable USDT

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