Topic: Is USDT Tether safe? - page 28. (Read 23491 times)
It never been stable but would be great if you do switch up your assets with USDT if theres a market crash.
This stablecoin has survived so many scandals and intrigues that if it really was unsafe, it would no longer exist. Nevertheless, this is just a cryptocurrency, so you can safely use it for daily transactions or trading, but keeping money in it for the distant future is clearly not a good idea , because anything can happen in this industry
The question is whether the value of USDT is equal to USD? Where are the USDT price benchmarks? Does the dollar have an effect with USDT? I see the USDT price is very stable, even if the exchange rate with the conventional currency is normal USDT price.
Until recently, this project had rather difficult legal problems in the United States of America. But today everything seems to have stabilized and, due to the current state of the cryptocurrency market, many users of cryptocurrency are grateful to the USDT for the opportunity to avoid the risks of losing their money.The question is, what is USDT? And USDT is currently used as a measure of other coins.
And I'm surprised by other coins that use USDT as a benchmark. Indirectly is promoting USDT as the greatest crypto with normal exchange rates.
USDT is very well maintained because of its market price has gone through several long processes such as backing up following the USD $ currency. He is still stable even though the price of other coins has dropped or gone up. So brief is the explanation about this Tether. 
I once read a story about a bankrupt Zimbabwe country. They are basically also developed countries. But to cover the country's debt, they keep printing money at any time. Then more and more of their money so that they do not give value to the money.
Well, back to USDT. I think if the USDT will continue to print coins, then there is a high probability that the USDT price will decline. Because of the high supply of USDT.
Well, back to USDT. I think if the USDT will continue to print coins, then there is a high probability that the USDT price will decline. Because of the high supply of USDT.
Tether is the most dangerous of all the stable coins.
First off, just apply common sense and logic.
If every tether equals one real life us dollar, how on earth did they just create $250 million dollars?
on top of that, right now there are over 2 BILLION USDT circulating, so that means they have 2 billion dollars to back that up.
Where did that money come from? How are they able to suddenly create hundreds of millions of dollars?
Why do they continue to print hundreds of millions of coins?
Even an idiot can see there is a lot of fishy stuff going on.
But not only that, they were "audited" to prove they were legitimate.
However, that company has no reputation is not considered industry standard at all.
If my uncle Bubba said I had 2 billion dollars would you believe him?
Wouldn't you rather have a licensed, internationally recognized professional auditing team do it?
On paper they most certainly have the funds to hire something of that calibre, so why didn't they?
First off, just apply common sense and logic.
If every tether equals one real life us dollar, how on earth did they just create $250 million dollars?
on top of that, right now there are over 2 BILLION USDT circulating, so that means they have 2 billion dollars to back that up.
Where did that money come from? How are they able to suddenly create hundreds of millions of dollars?
Why do they continue to print hundreds of millions of coins?
Even an idiot can see there is a lot of fishy stuff going on.
But not only that, they were "audited" to prove they were legitimate.
However, that company has no reputation is not considered industry standard at all.
If my uncle Bubba said I had 2 billion dollars would you believe him?
Wouldn't you rather have a licensed, internationally recognized professional auditing team do it?
On paper they most certainly have the funds to hire something of that calibre, so why didn't they?
The only thing that bothers me is that this stable coin is likely to be centralised. The reason is that USDT does not have any limited supply and there could be so much coins created as the devs wish to have.
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?
there is a truth that the creation of tether has pumped the price of bitcoin. when massive amount of usdt has moved to an exchange, it is likely that there would be a big btc pump. for the past several years, usdt do not have any problem when you want to withdraw or convert into fiat. 1 usdt can be encashed into 1 usd roughly.
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?
there is a truth that the creation of tether has pumped the price of bitcoin. when massive amount of usdt has moved to an exchange, it is likely that there would be a big btc pump. for the past several years, usdt do not have any problem when you want to withdraw or convert into fiat. 1 usdt can be encashed into 1 usd roughly.
according to me tether is safe and is a temporary shelter from market changes,but on a personal level i prefer true usd
I trust with tether project, cause like they said they're stable coin and so far they keep their promise till now.
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 it is not very safe to state my personal opinions and ideas. Especially if we do not have a bank account open to transparency, we do not comply with the road map designed on whitepaper, and if we need to list various reasons such as printing and burn operations which are frequently done recently, we can understand how right this thought is. On the other hand, there is so much speculation about Tether that if this news is real, we have one more reason to trust. I've been a crypto I've used 1-2 times with curiosity. In particular, I think that the claims of unrequited production are correct, but in future times it will darken many people's lives.
I think that this coin is not one of the best, but why not buy it, because it can also shoot. The main thing is to diversify your portfolio.
Well, usdt is not suitable for investment, it is a coin to wait out in the market, and of course usdt now shows openness and passes various audits that helps to trust the project !
I think that this coin is not one of the best, but why not buy it, because it can also shoot. The main thing is to diversify your portfolio.
Well, usdt is not suitable for investment, it is a coin to wait out in the market, and of course usdt now shows openness and passes various audits that helps to trust the project !I think that this coin is not one of the best, but why not buy it, because it can also shoot. The main thing is to diversify your portfolio.
Well, usdt is not suitable for investment, it is a coin to wait out in the market, and of course usdt now shows openness and passes various audits that helps to trust the project ! 
I really don't believe in any "safecoin", if I need a pegged crypto I prefer to change my crypto to FIAT, I don't see any good reason to use stablecoins really.
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 it is safe, most peoples all around the world using it as a stable cryptocurrency.
They have a legal statement from their auditors that the dev really backing the USDT coin with a real USD money in their bank.
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?
Where did you hear this ? It should be like this : Every time tether is printed, the dev must put additional USD in the bank account they using to backing USDT.
If you pay attention to the fact that today there are real opportunities to check the history of this project and conduct an audit, then with a high probability this project seems to me not to pass it. Because he has not done it yet, it means there are reasons for it.
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?
Well, as long as you using USDT and able to withdraw it and turn into real USD, it is safe.
If you don't believe it, just don't store any USDT for long time in your wallet.
You can use USDT just for trading, buying or selling cryptocurrencies between exchanges.
To me USDT is not bad,in fact is a good way to keep your asset save from falling in price unexpected, I guess many are investing in it.
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