Your question is similar to should I invest in tether?
1. Investing in Tether is currently one of the most debated questions amongst investors.
2. A Research published US investment bank Morgan Stanley in March 2018 indicated that trades between USDT and bitcoin have become regular supported by an estimated 14.2% of bitcoin trades paired against USDT, up from less than 1% in October 2017.
3. However, the lack of transparency in USDT has recently made it unpopular. Fortunately, a recent third party audit (albiet by a law firm, and not an audit company) confirmed that Tether’s value is backed by legitimate USD reserves, putting to rest months of controversies. This should help rebuild some of the declining trust in Tether and help make it a standard for cryptocurrency exchanges globally.
Know more about tether: https://coinswitch.co/info/tether/what-is-tether
Topic: Is USDT Tether safe? - page 32. (Read 23470 times)
I think USDT does have a good system and many choose to use it.
The stability of the USDT does provide benefits to users in transactions and this makes it easy for all to function properly.
The stability of the USDT does provide benefits to users in transactions and this makes it easy for all to function properly.
I'm not sure how safe USDT is but I decided last Q2 of 2018 to "move" the value of my crypto assets to USDT.
That decision saved my portfolio.
That decision saved my portfolio.
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 one of the best tradings peers. It is a very good coin to store your asset during the bear time because it maintains a rate that will not make you lose or retain your asset. It is a steady coin with great potential.
I think Tether is safe. This is a very big project and it is important for him to maintain his place in the market. I do not think that Tether can become a scam. I think this is the best steblecoin for trading.
You could say Tether is safe and has a stable value for real trade, many people who use USDT as a benchmark and this gives it the value that is easily accessible. Everyone has their own views about Tether.
I do not trust usdt tether. There are just too many rumors and unexplained things about tether and therefore i do not trust this stable coin. Tether is not safe for me personally, but everyone has to decide for themselves.
I think Tether is safe. This is a very big project and it is important for him to maintain his place in the market. I do not think that Tether can become a scam. I think this is the best steblecoin for trading.
I am not a big fan of centralized stable coins like USDT. It is backed by $ but the real problem is how to control it, and audit it all the time. Some doubt will always be present. I have more faith in decentralized solutions like DAI has.
The team of tether has control over all of the distributed tether in the cryptoecosystem. It's centralized crypto that the dev can do anything with it. I will prefer to use another stable coin just like PAX or TUSD which has been getting an audit to the reserved funds.
I wish I had the opportunity to reply to this thread immediately when it was posted. My point is this, we give in to any FUD flying around, and yet we still call ourselves crypto enthusiasts. Someone will just bring up an FUD about a coin, in this case USDT and the masses will give in. Assuming USDT wasn't a stable coin, it could have been worthless right now. Please crypto enthusiasts, rise up and say no to FUD.
I am not a big fan of centralized stable coins like USDT. It is backed by $ but the real problem is how to control it, and audit it all the time. Some doubt will always be present. I have more faith in decentralized solutions like DAI has.
i believe that we can trust tether, despite the increase of capital, the funds seem to be always available, but personally i prefer the new true usd because is on blockchain eth
I had some doubts about this stablecoin when they didn't want to present audit of their accounts. but when they did it and everything cleared I don't see any reasons to avoid USDT.
I think yes. There is no doubt that project with so big capitalizations can't be scam. Also it passed an indempendant audit. All these bad news which are around Tether are just fud.
I believe safe if not it wouldn't be the number one stable coin and it also listed on all big exchanges which wouldn't have been so if they had doubts about it.
I have no doubt here, although there are talk about USDT's bail but it is still the stable number 1 market today. Simple is that
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?
As far as I know that it is safe now , it has passed the same audit as the sdk , so I think it can be used safely 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?
It's in binance so, yes. USDT is safe, there is good regularities and assumptions from other platforms so we can trust it. Another thing is that, it is stable which is good for storing.
As far as I remember, there were so many options that tried to check the USDT project, it still seems to me that there is a possibility that this project does not have such a huge amount of paper dollars.
Usdt is also a cryptocurrency, a stable coin . Every cryptocurrency that is inside any exchanges are all at risk of being hacked or scammed.
I personally don't trust ANY stablecoin because none of them are certified by a trusted third part escrow. If I want to have crypto stable I convert them to $ or Eur....
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