Is USDT Tether safe? - page 2. | Bitcointalksearch.org

Ureung jameun

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Quote from: daoquanghuan on June 26, 2018, 08:00:44 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?

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.

lottery248

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greetings! i haven't been in bitcoin forum for a while since i got other things to do in real life.

i don't mean to create FUD or going off-topic, but i really think that we need a pressure test on Tether after reading this (Marco Metzler, but he did a research on it) article.

i mean, have we ever done any pressure tests on Tether before? for example, making a mass but temporal redeeming request just to verify its stability and safety. because, Tether isn't just a normal cryptocurrency like bitcoin, but a currency, with fiats backed by, that stabilises others. you can imagine what will happen to all the trading pairs involving it if Tether suddenly turns out that can't fulfil any redemption.

edit: the link is removed, it was talking that the auditors of Tether weren't in any formal manner they thought.

kensaii

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People escape fiat money backed by the state into crypto and now trust some shady company about their ' lite fiat' stable coin. I'm sure there is nothing wrong with that cause USDT or stable coins general are safe right? No, it's not. Stop being gullible and take every word at true like that. Do you know about Evergrande, they're now can't pay back their debts on time, and to extend it 3 times already and the future for them looks grim. Tho, there was some conspiracy about they have some ties with stable coin but keep it simple here. Even a big company like them could be like that then what do you think for the others, their bonds and promises of 'lite fiat' can be 100% be backed with USD?

mikemiller023

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Quote from: daoquanghuan on June 26, 2018, 08:00:44 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?

$USDT is the best stablecoin now. Most of the time we have to depend on it. In case of trading most of the time we convert our assets to tether. So we can believe in it.

Roidz

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I personally use USDT as an asset to save my money if the market is really bad, because so far I have seen no matter how bad the cryptocurrency market is, but USDT is able to survive and even usually only affects 1 or 2 digits numbers from of the dollar exchange rate, besides that, now All exchanges in the world have a USDT pair, so that is the can be reason why many people believe in USDT, the use of USDT which is able to be an alternative to sending funds across countries faster and at a low cost makes USDT the number 1 stable coin today.

mafoja1

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I like USDT the most because I've been using USDT for a long time so I think I do editing very well so I use USDT
The reason I like to do USDT is because this coin stays the same, it never decreases, it never increases, no matter how much the market increases, the value of this coin remains the same, but when the market decreases, the price of this coin remains the same, this is why I love this coin so much.

ardydyon

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Quote from: daoquanghuan on June 26, 2018, 08:00:44 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?

USDT is a stable coin that is always in the top 10 on coinmarketcap. even now usdt is in a position
fifth with a market cap of $68,444,531,043. I think USDT is very safe to store assets here. price usdt
does not fluctuate to extremes and is classified as stable. so I think it's still very safe to save money here however
not to invest in this coin. including other stable coins busd

desticy

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Despite the fact that buckets of FUD slops are constantly poured onto Tezer, news constantly appears that the project is under litigation, but then nothing happens, absolutely nothing.
I doubt that the day is near when Tezer will be covered by the SEC.

cryptobrzy

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I think we can all agree that at this moment USDT maybe safe at the moment, but no one can tell whats gonnna happen with in the nearest future because no has actually seen their bank balances yet, but most of the crypto currency is in the USDT because people prefer keeping their currency in USDT just to be safe

andriarto

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Quote from: CapGelatik on September 15, 2021, 03:18:13 AM

Quote from: Ngewex Yuk on September 15, 2021, 03:07:53 AM

When the market is too volatile like now then diverting profitable assets to fixed coins is the most appropriate and safe solution, I've been using Tether (USDT) for 2 years and everything is as I expected, the USDT system and program is designed to be stable even though the coin price up or down significantly.

I also sometimes do the same thing as you and we don't have to worry anymore because it's safe and stable for sure,
either Tether USDT or BUSD both are two stable coins,
what is clear is that we can choose various ways to protect our assets

USDT is safe to use. in the sense that it is used for certain functions, if I see it, usdt will be more useful if it is used to temporarily store our assets, and not a place to invest. especially for a trader, of course, really need this coin, because there are already many registered exchanges. In terms of market capitalization, since I got to know crypto, the USDT cap has always been at the top

bayyildiz

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I totally agree that stablecoins as a concept are one of the safest options in terms of volatility, but by definition, they have to be backed by something: a fiat currency, assets, other coins, something.
And so far, Tether failed to report evidence of 1:1 backing. Just in May, it was revealed that they were backed 2-3% only. In the latest report, they claim that they are backed up to 90%, but who can believe that?
Just an opinion...

CapGelatik

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Quote from: Ngewex Yuk on September 15, 2021, 03:07:53 AM

When the market is too volatile like now then diverting profitable assets to fixed coins is the most appropriate and safe solution, I've been using Tether (USDT) for 2 years and everything is as I expected, the USDT system and program is designed to be stable even though the coin price up or down significantly.

I also sometimes do the same thing as you and we don't have to worry anymore because it's safe and stable for sure,
either Tether USDT or BUSD both are two stable coins,
what is clear is that we can choose various ways to protect our assets

Ngewex Yuk

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When the market is too volatile like now then diverting profitable assets to fixed coins is the most appropriate and safe solution, I've been using Tether (USDT) for 2 years and everything is as I expected, the USDT system and program is designed to be stable even though the coin price up or down significantly.

zachyboy090118

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Quote from: daoquanghuan on June 26, 2018, 08:00:44 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?

Usdt is seems so legit and more used of all crytonians on investing, trading or swapping tokens. Usdt is safe actually but in the bad side its been used some of the scammers as there token to scammed people but usdt itself is very legit.
Most transaction in crypto used this coins and your right its price is rising and safe to invest.

letyouearn

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This topic is eternal Grin

Tether dollar is safe enough imho and maybe is the best way to store your money in crypto if you fix some BTC for example and don't want to move to fiat.

Wakate

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Quote from: ?? on ??

So far it is safe, and will continue to be safe as long as this technology exists, so far there is nothing suspicious of USDT, I am happy to use usdt, but now the transaction costs are increasingly high because the gas is so expensive.

USDT is a good coin and also a stable coin that can be trade with a stable worth like the usd. USDT have being a coin that had maintained the $1 balance which have increased the number of people that are using it for business transactions and other similar be uses. USDT might being the digital coin of tomorrow by that will be used by man persons and firma that are interested in where to save there money without falling with the volatility that usually occur in the market increasing or decreasing the worth of an investor. if

husencoe

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USDT is a stable coin for now, many investors trade it to USDT when the cryptocurrency market falls to avoid further losses, I think USDT is like a bank, where we can keep our money in crypto investments for a short period of time, so there is no need to it is feared if the price will fall sharply in the future

hidingyou

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I think it is safe in my opinion by the ff:
: Legitly listed on several platforms, which is why it's popular
: Recent years it shows its stability is why its good long-term investment(based on my personal experience)
: It is good and risk-free. Cheap and Easy to withdraw transactions

rugrats

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Quote from: daoquanghuan on June 26, 2018, 08:00:44 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 think this is a stable coin and we have nothing to worry about a lot of daily transactions based on Tether USDT exchange and very high transaction rate anyone wants to sell BTC/USDT ,ETH/USDT or buy and use this coin, it's still very safe for all of us now.

Veter2000

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Quote from: Swordsoffreedom on August 29, 2021, 05:15:05 PM

Tether is dominating among the Stable coins from the beginning. But personally, I don't like tether cause it is fully centralized and does not regulate by any trusted authority.
The unlimited supply is another big problem. its supply is not fixed, the owner can issue new tokens when he wants without any kind of accountability.
It can be used in exchange to stay safe from the sudden market dumps, but I don't prefer to hold this coin for the long term.

All fiat-backed stablecoins are centralized. Some of them, such as USDC, PAX, BUSD, TUSD, are more regulated than USDT because Tether insurance is not kept in US banks. But they all have a single emission center, and their transactions can be frozen at the request of law enforcement agencies or by the decision of the company that issues stablecoins. So Tether recently returned $ 33 million to USDT Poly Network, which the company froze at the hacker's address on ETH blockchain.

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