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Topic: Is USDT Tether safe? - page 12. (Read 23470 times)

full member
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GoMeat - Digitalizing Meat Stores - ICO
March 28, 2020, 03:22:16 PM
Tether is safe at least to the best of my knowledge because ever since I have been using it there have been no issue. I trade with it, I store it etc and no problems till today. Also, USDT is a good stablecoin from a good exchange which is also used in other cryptocurrency exchanges, so from my own understanding, I see no issue about it or why its genuineness should be questioned.
legendary
Activity: 3122
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#1 VIP Crypto Casino
March 28, 2020, 02:11:13 PM
Tether Becomes Second Crypto to Launch on Blockchain Futures Platform

As the volume of Bitcoin (BTC) derivatives trading continues to rise, the cryptocurrency industry keeps tapping more crypto markets, like stablecoin Tether (USDT), for futures trading.

https://cointelegraph.com/news/tether-becomes-second-crypto-to-launch-on-blockchain-futures-platform
member
Activity: 938
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AMEPAY
March 20, 2020, 06:12:45 PM
What exactly are your reservations about USDT? And why have you asked about it in a suspicious manner i mean if this was scam or bad it would never have been the largest fiat backed token to be traded, i mean you can check cmc usdt has the largest volume and the most number of trading pairs among all the usd backed tokens.
full member
Activity: 896
Merit: 115
March 20, 2020, 05:07:05 PM
Usdt is just to serve as an alternative and as safety. Although people have seen it to a skeptical means which are used to pump virtual money into crypto. It has served it's purpose which it was created for.
full member
Activity: 924
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homt.net
March 20, 2020, 02:36:55 PM
USDT is closely connected to Bitfinex and Bitfinex is well known for its shady activities, there are theories that thanks to this asset (probably not really backed by dollars) they caused a bull run in 2017. So if you would like to use stable coin, rather use Gemini or USDC.  Wink
copper member
Activity: 966
Merit: 5
March 20, 2020, 12:26:22 PM
From experience and as well as I can remember, I have not see anyone complaining of Tether in whichever way, traders are okay with it, those who wish to hold as a result of bear market are still okay with it. To me, I still use USDT till today and there have been no issue whatsoever and being stable is enough reason to use it against bear season. Also, apart from users, exchanges are still utilizing it till date, that also shows all is well with it.
copper member
Activity: 994
Merit: 4
March 20, 2020, 10:44:42 AM
I honestly think tether is safe especially when you want to convert and retain the value of your fund,it can keep it safe,there will be no addition or loss though. The only disadvantage is that you no longer grow your fund even when there is a moon. It remains static just as you have left it
member
Activity: 423
Merit: 11
March 20, 2020, 09:54:56 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?

But in the world economic system, the more dollars printed, the lower the exchange rates of other currencies. Likewise with Bitcoin, the more USDTs printed, the lower the value of BTC. Because the exchange rates of all currencies, including BTC, are in dollars. Whereas USDT is equal to Dollar value. But economists are more understanding about this.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
March 20, 2020, 09:43:25 AM
Tether looks quite safe if judged by its market price which is quite stable when it can be compared with other types of coins such as bitcoin and most other altcoins. if you decide to invest with low risk I think USDT is the most appropriate coin to choose
Tether is considered a storage asset when you have made a profit in this market and this is a way to know exactly what is happening to you when participating in crypto. Any investor who has entered this market has held USDT and this stable coin is like Fiat of the crypto market. Everyone wants to raise USDT with their investments and this year seems to be a good year for everyone to do so.

Tether and USDT are the same fiat money that is stable, at the moment yesterday the decline in crypto prices was so severe that some people preferred USDT over other coins for fear of a large enough decline plus a stronger dollar of course this would be very beneficial for those holding coins stable because in my opinion wearing the dollar today is quite strong for holders of USDT and other fiat money.
sr. member
Activity: 625
Merit: 250
io.ezystayz.com
March 20, 2020, 09:00:38 AM
Tether looks quite safe if judged by its market price which is quite stable when it can be compared with other types of coins such as bitcoin and most other altcoins. if you decide to invest with low risk I think USDT is the most appropriate coin to choose
Tether is considered a storage asset when you have made a profit in this market and this is a way to know exactly what is happening to you when participating in crypto. Any investor who has entered this market has held USDT and this stable coin is like Fiat of the crypto market. Everyone wants to raise USDT with their investments and this year seems to be a good year for everyone to do so.
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
March 20, 2020, 08:09:53 AM
Tether Launches on Bitcoin Cash Network

“A key strength of Tether is that it is underpinned by a rich diversity of different blockchains. Our latest collaboration with Bitcoin Cash will provide Tether with a variety of benefits. We expect the adoption after launch to be pretty easy for any integrator. The launch will also support more applications on the Bitcoin Cash chain, with Tether facilitating payment for these applications.”

https://cointelegraph.com/news/tether-launches-on-bitcoin-cash-network
jr. member
Activity: 50
Merit: 3
KUWA.ai
March 11, 2020, 08:14:25 AM
Tether looks quite safe if judged by its market price which is quite stable when it can be compared with other types of coins such as bitcoin and most other altcoins. if you decide to invest with low risk I think USDT is the most appropriate coin to choose
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
March 11, 2020, 07:52:20 AM
Tether Looks to Catch Up in DeFi With Aave Integration

Tether (USDT) is now available on Aave, a non-custodial lending platform formerly known as ETHLend. The top stablecoin by market capitalization appears to be signaling its move into Ethereum (ETH) decentralized finance (DeFi).

https://cointelegraph.com/news/tether-looks-to-catch-up-in-defi-with-aave-integration

member
Activity: 434
Merit: 19
March 04, 2020, 05:18:30 AM
I'm pretty sure that every single exchanges on the planet right now has USDT on them for traders, this means USDT is very useful and a serious stable coin, we have other stable coins but USDT stand out, I trust the coin than many others
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
March 04, 2020, 04:11:34 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?

I have been using USDT for trading as well as storing some and I have never had any issue so far. There have been many news about it, but yet it is out there doing well, I can't be mistaken for regarding it as one of the best stablecoins. Almost every trader uses it on daily basis and so far there have not been any unfriendly report about it. So for my own understanding, USDT is still safe to use as well as safe for holding. There also other stablecoins out there one can chose from, it mustn't really be USDT but as for me USDT looks better.
legendary
Activity: 3122
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#1 VIP Crypto Casino
February 13, 2020, 01:37:25 AM
Making it even more safer now

Tether Stablecoin Taps Chainalysis for Anti-Money Laundering Compliance Tools

Stablecoin issuer Tether is partnering with blockchain forensics firm Chainalysis to bolster its anti-money laundering tools

https://www.coindesk.com/tether-stablecoin-taps-chainalysis-for-anti-money-laundering-compliance-tools
full member
Activity: 1050
Merit: 100
February 11, 2020, 07:05:49 AM
For now, it is safe as long as people are using it for trading. Tether accounted for about 10% of bitcoin trading volume. So I think there is no worry about it. But if you think it's not safe then there is another stable coin like DAI, True USD, USDC.
I think trading on Tether tokens is very safe and clearly stable, just like the tokens you mentioned, because USDT, TUSD, and USDC are both stable tokens that were born through the dollar platform, and are clearly very safe for everyone who wants to trade them.
hero member
Activity: 2366
Merit: 504
February 11, 2020, 07:04:41 AM
For now, it is safe as long as people are using it for trading. Tether accounted for about 10% of bitcoin trading volume. So I think there is no worry about it. But if you think it's not safe then there is another stable coin like DAI, True USD, USDC.
No need to worry about that. tether has made more product called XAUT and that means this company is really serious to continue its business in the stable coin. Im still using it right now and i never get even a small problem. As long as we are using it on the big exchange site and we have always the time to liquidate it into another asset.
full member
Activity: 1736
Merit: 116
February 11, 2020, 06:43:47 AM
Of course tether (USDT) is very safe to save your money, the reason is because the price is stable like USD. So your money is not affected
by volatile market conditions, for example the market is suddenly bearish. Then bitcoin and altcoins dropped dramatically. If money you are
stored in a tether of course it will be safe, even you can take advantage of the bearish market into a shopping day. Can buy coins at cheap
prices.So do not be surprised if you see the data on the coinmarketcap tether site has the highest volume beat the volume of bitcoin.
member
Activity: 728
Merit: 19
KUWA.ai
February 11, 2020, 05:44:05 AM
For now, it is safe as long as people are using it for trading. Tether accounted for about 10% of bitcoin trading volume. So I think there is no worry about it. But if you think it's not safe then there is another stable coin like DAI, True USD, USDC.
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