Topic: Is USDT Tether safe? - page 30. (Read 23470 times)

On the Internet, a lot of articles that the USDT is not backed by real dollars. I think to keep their money in USDT very dangerous.

Now many users prefer to choose other stablecoins because тнeй are still believed that USDT is a scam, the same as me. When people used this stable(USDT) in the past they didn’t have as many diversification tools as they have now. so you can forget about usdt

In any case, inactive information is very much in the information space. But before you begin to act, you need to examine what the matter is. As for myself, I have already decided long ago that it will personally help me in this situation of the cryptocurrency market. I can keep my funds on the same level with this coin.

I think now usdt transparent coin , and the fact that lot of talk about it is because of the competition , as now the team completed the audit and I can say that usdt safe coin!

I would rather buy other stable coins that are not so controversial. Recently many good stable coins were created and they are more transparent than Tether. I am talking about Paxos or USDC that are listed on Binance .

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 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.

I can't claim anything about the USDT, as there is still no confirmed information about this stablecoin. But now there are many other stablecoins that have confirmed that they are backed up by dollars and use them safely. For example, I can advise TrueUSD.

It seems to me that the USDT project has been in the shadow for a very long time. Probably today it is one of the most hidden projects that can show people how greedy they are, because this project is just a printer of its kind and nothing more.

I think this will never happen. because the goal of the cryptocurrency world is to switch to payments in cryptocurrency and not in stable coins

I hope that the wallet in my country where you can exchange BTC and other cryptocurrency to FIAT will include this one USDT.
There are some tokens or coins which can only be traded on USDT which we need to buy BTC or ETH for us to transfer it to wallet then change it to FIAT again.
This will make better if USDT will be available on wallet IN EVERY WALLET all around the world.

Usdt has succeeded in pushing BTC prices, what to watch out for is that the high winds that will be caused by USDT if their material is not enough to maintain this position

so far there has been no problem for USDT. there is no hacking and I see tether becoming one of the stable coins even when the market fell a few months ago.

but despite all that, there are many questions about this coin. even though I use USDT for trading but I still have doubts about this coin.

But this one is still lack of transparency and how they can print more USDT in every period? That doesn't make sense and i never heard this company has an active source to get income. This is possible to be called as a manipulation.

I don't think it's safe enough, but it has the largest cap, history and every day volume between stable coins. Nevertheless I prefer to diversify my deposit to fiat USD and different other stable coins.

What is Tether?

A common issue faced by cryptocurrency traders is the pace of movement of funds. See a better rate on a different exchange for your favorite cryptocurrency? It’s going to take a while before you withdraw funds from your exchange and move to another.

See your coin’s price dropping? Want to sell it for another cryptocurrency? What if that one witnesses a price drop as well? That’s where Tether (USDT) comes in.

Tether: The Basics?

Just like the name suggests, Tether is a controversial cryptocurrency that is allegedly tethered to unending trading disputes and dubious ownership. This digitized token claims to be supported by US dollars reserve, portraying a 1:1 relationship with the underlying fiat currency.

This simply means that one Tether issued by the company has an equal value as of 1 dollar. However, the company has typically not able to produce conclusive evidence of their currency reserves, which has attracted a lot of negative attention from the markets and regulators alike.

Initially named as "Realcoin", the Tether cryptocurrency enables you to facilitate the transfer of national currencies, use Tether as an alternative to other cryptos and offer a quick exchange to other cryptos. Also, it shares a complex relationship with Bitfinex, one of the largest cryptocurrency trading platform. In short, it has a history worth sharing in the world of cryptos.

What are the benefits of Tether?

According to the parent company, a Tether coin is a stable currency, where each unit of Tether is pegged to each unit of a standard currency like the US Dollar.
Moreover, as per the website, it is 100% backed ie, 1 unit of Tether ( 1 USDT) is supported by 1 USD in reserves, against which they are issued.
This tethering to the USD allows traders to quickly come in and out of their cryptocurrency holdings, which is faster than dealing with fiat currency, and especially more economical than dealing with other cryptocurrencies.
For eg., if Bitcoin were to dip, a trader could quickly sell his Bitcoin holdings for USDT, which would retain their value, only to enter Bitcoin again at lower prices.

I think USDT is safe currency for saving long term or saving when BTC crushed like last year. The best currency for people who affraid if their asset decreased cause cryptocurrency's volatile.

Even with all the controversies that has been surrounding this coin in recent times, they still manage to stay afloat up till now, so I guess it is as safe as any Cryptocurrency can ever be.

I myself now use usd it is well established in the market and I think that it is unlikely it will be able to close or something will happen to him

I can't agree with your logic about Binance and Okeks =) I think you should not blindly follow these exchanges. As for Tether, I think this is a fairly reliable coin. In my opinion, all the negative news about Teter was more of a manipulation. If something really bad happens to Tether, then the whole cryptocurrency market will have huge problems, and no one is interested in that.