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Topic: Is USDT Tether safe? (Read 23520 times)

full member
Activity: 926
Merit: 100
December 13, 2021, 12:57:18 AM
Tether USDT are safe from any market dip or pump. Its price is stable and not any harm in USDT. You can buy and sell them anytime without any market situation.
The name is also a stable coin, obviously not affected by any market conditions or anything, because USDT was created for all coin pairs and is suitable for storing the value of existing assets.
legendary
Activity: 1582
Merit: 1006
beware of your keys.
December 12, 2021, 11:48:21 PM
I think stable coins like USDT are very safe. Usually he will add supply when the price of bitcoin rises or the price of USDT exceeds the fiat price and if bitcoin goes down he will reduce the supply. This is how USDT keeps prices stable. But it is not the cost of USDT can be manipulated, the Mecca of cryptocurrency is still bitcoin. Then the rise or fall of the USDT supply is in the condition of Bitcoin at any time.
It's true that USDT is very safe and I don't think there's any doubt about that,
USDT is also still the choice of many people including myself and even so far I have no time with it,
clearly USDT is a trusted stable coin

but in fact, you won't usually have access to the redemption section, as the fee of it is extremely high. until you can redeem your funds, you can't verify if that Tether amount is legit. also, half of the whole Tether capitalisation is backed by commercial papers we don't have access to know about.
full member
Activity: 1260
Merit: 103
The OGz Club
December 12, 2021, 11:34:01 PM
I think stable coins like USDT are very safe. Usually he will add supply when the price of bitcoin rises or the price of USDT exceeds the fiat price and if bitcoin goes down he will reduce the supply. This is how USDT keeps prices stable. But it is not the cost of USDT can be manipulated, the Mecca of cryptocurrency is still bitcoin. Then the rise or fall of the USDT supply is in the condition of Bitcoin at any time.
It's true that USDT is very safe and I don't think there's any doubt about that,
USDT is also still the choice of many people including myself and even so far I have no time with it,
clearly USDT is a trusted stable coin
sr. member
Activity: 2106
Merit: 282
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
December 12, 2021, 10:25:36 PM
I think stable coins like USDT are very safe. Usually he will add supply when the price of bitcoin rises or the price of USDT exceeds the fiat price and if bitcoin goes down he will reduce the supply. This is how USDT keeps prices stable. But it is not the cost of USDT can be manipulated, the Mecca of cryptocurrency is still bitcoin. Then the rise or fall of the USDT supply is in the condition of Bitcoin at any time.
jr. member
Activity: 546
Merit: 4
December 12, 2021, 08:04:14 PM
Is usdt safe? What a question it is, I have tried so many stable coin, and most of them that most used by the users is usdt. I think stable coin, whatever it is, it is a good coin, and totally safe. May be some cases indicated if it's not safe, but what is the cause? May be the user didn't keep their private key safely, or something.
So, I disagree with that statement. I think most of users in here agree with this too. You can try it if you really want to know
member
Activity: 1078
Merit: 15
December 06, 2021, 01:24:37 AM
I actively use USDT Tether when I see the market is too volatile, if the price is top 5 red then I immediately move to a stable coin like Tether, and I think USDT Tether is very good and satisfying because when I trade with USDT pairs the price accuracy is very precise so it's natural for USDT become the coin with the largest daily transaction volume.
what you are doing is very realistic because indeed to trade in alt especially the top 5 is now too high risk and it's time we have to move to stable coins to keep us awake but also to get the profit we want.
I also did the same for now and it worked quite well
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
December 06, 2021, 12:59:14 AM



so over the last day, $1.5B worth of Tether just minted. however, there isn't anywhere to know how these funds are backed. if i were having those funds and i knew how to redeem them, i would attempt to redeem them all for my safety of funds. this is becoming shadier than before.

if you know how to resize the image, please contact me in the mailbox so that i can shrink the image for good.
yes, that is quite a number. Since the first, the issue that USDT is not fully backed up with cash is still hanging around until now. because of this, I only use USDT in moderation, and not long term. other than that, I'm also more dominant in using BUSD than USDT for now. well, maybe once this is clear, I'll go back to using it.
sr. member
Activity: 1526
Merit: 255
December 05, 2021, 11:50:17 PM
I think USDT is safe, when the market is red and the downtrend continues then switching to a stable coin is the best solution, yesterday I transferred around $1200 to USDT, and I've been using USDT since 3 years ago and until now have never had a problem.
legendary
Activity: 1582
Merit: 1006
beware of your keys.
December 05, 2021, 09:22:28 PM



so over the last day, $1.5B worth of Tether just minted. however, there isn't anywhere to know how these funds are backed. if i were having those funds and i knew how to redeem them, i would attempt to redeem them all for my safety of funds. this is becoming shadier than before.

if you know how to resize the image, please contact me in the mailbox so that i can shrink the image for good.
full member
Activity: 1092
Merit: 105
Sugars.zone | DatingFi - Earn for Posting
December 05, 2021, 02:02:59 PM
The fact that Tether prints to the right and to the left USDT is not to everyone's liking, but if you look at it from the other side...perhaps the market is so big that they have to increase the issue of USDT, and the only important question is what they are provided with? For example, I am not sure that each USDT is provided with a real monetary fiat unit, but I have been using this stablecoin for a long time and so far everything is fine.
member
Activity: 434
Merit: 11
December 05, 2021, 01:36:13 PM
Tether USDT are safe from any market dip or pump. Its price is stable and not any harm in USDT. You can buy and sell them anytime without any market situation.
full member
Activity: 588
Merit: 100
December 05, 2021, 12:45:48 PM
Never disappointed with USDT tether, everyone who uses stable coins is a safe way to secure our money to invest when the market is bearish. for stable coins I recommend BUSD as the best option to use on binance exchange because it has good advantages in all its features
jr. member
Activity: 326
Merit: 1
December 05, 2021, 12:26:44 PM
Other crypto prices fall sharply but USDT prices do not fall sharply. So when people convert usdt to hold their crypto. They are worry free and it is also easy to tx. So there is nothing to worry about.
hero member
Activity: 1358
Merit: 513
December 05, 2021, 01:43:37 AM
The US Senate has requested information from the issuers of stablecoins on the principles of their work, so I see that regulators start monitor stable coins. Chairman of the US Senate Banking Committee Sherrod Brown called on the leadership of Circle, Coinbase, Centre, Gemini, TrustToken and Binance to disclose information about their stablecoin-related business by December 3. Nevertheless, the similar request has not yet been sent to Tether Limited (USDT) so we can't be informed by regulators in the nearest future about the model of their work.
full member
Activity: 994
Merit: 101
December 04, 2021, 10:56:13 AM
The red market like today made me switch from some coins like BNB, Cardano, and Polygon to stable coins like Tether and BUSD, I think Tether is a good and stable coin, even I use Tether on 2 networks namely ERC-20 and TRON. I have been actively using Tether for almost 3 years and everything is running smoothly.
full member
Activity: 524
Merit: 100
December 04, 2021, 10:30:51 AM
In my opinion usdt is completely safe . But so many people doesn't like it . I don't know why? But a fud  i see in the market about usdt surveiling that it will scam . But I don't think that can be real . So don't worry.
sr. member
Activity: 1722
Merit: 252
December 01, 2021, 12:54:37 AM
I actively use USDT Tether when I see the market is too volatile, if the price is top 5 red then I immediately move to a stable coin like Tether, and I think USDT Tether is very good and satisfying because when I trade with USDT pairs the price accuracy is very precise so it's natural for USDT become the coin with the largest daily transaction volume.
full member
Activity: 714
Merit: 100
December 01, 2021, 12:09:38 AM
Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?

Regardless of whether tie may be protected right now there is no assurance that it will be sheltered and secure later on. There is actually nobody who is over watching what its parent organization is doing. In any case, if tie ends up being a trick the entire crypto advertise will get singed genuine terrible and the market is going to drop huge.
full member
Activity: 547
Merit: 110
November 27, 2021, 08:27:06 PM
Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?
theter is a stable coin that is very safe if we have a certain amount of money stored on the coin.
the price of the theater is really awake.
what theter did by printing 250 million theter is the right step, because many theater demands are increasing
because many people are starting to enter the crypto world.
To compensate for the large demand for usdt, I think theter has taken the right steps so that theter prices are maintained and can continue to supply to their buyers.
by printing theter affects the price of bitcoin which continues to increase and also supports theter's position in the top 10 of the coin market.
legendary
Activity: 1778
Merit: 1474
🔃EN>>AR Translator🔃
November 27, 2021, 04:40:15 PM
Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?

this is a thread of 2018 and now it's 2021. means this thread is 3 years old. but still tops the list in altcoin discussions. So now I think your question has resolved itself without mentioning that USDT is a safe stable altcoin. and we can see that in all the exchange markets now, USDT is paired with all the altcoins that are on the exchange market.

Even though, USDT is not a safe market. It's not acceptable that any entity can create a value out of thin of air.
From another side, USDT or any other stable coin is playing like an instrument of trade and not a thing of value by any mean, however it becomes trusted more than expected due to it's stability in price. And as those coins are generated without being backed by any valuable asstet, the collapse may happen at any time for a reason or another.
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