Topic: Is USDT Tether safe? - page 8. (Read 23520 times)
I think that currently it is very safe to transact with USDT, because this altcoin can be relied on in the crypto world, in addition to its stable price, this altcoin is also ranked in the top 5 in CMC, of course this provides very positive things for the development of USDT in the future. Come,
Just 1 day after listing USDT for Pro-traders Coinbase has now listed USDT for its general users too.
https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2
https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2
Smart step! I am surprised they didn't have USDT pairs available for their general user base much earlier? See it might have to do with regulations? It can't be laziness. Maybe they realized that the only way to conquer market share from the retail investors market is by adding USDT at this point.
Just 1 day after listing USDT for Pro-traders Coinbase has now listed USDT for its general users too.
https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2
https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2
Tether has its history as far as I know in terms of being shut down or being put on ice by authorities. Not sure, was a couple of years ago where nobody could access or move anything for two or so weeks. That's terrifying if you parked a substantial amount in Tether. It is a centralized stable coin solution. Whatever is centralized brings about the risks that come with centralization.
Yeah, you know things are bad enough that you can't verify if what they distribute is actually backed by a 1:1 ratio. So far tether has been quite capable of answering some of the challenges posed for them, but still, for a centralized stable coin it is not convincing enough, at least for me.I 100% concur with what you said. First you can't verify if everything is backed up 1:1, secondly all the funds that are used to back up USDT 1:1 must be stored on bank accounts and any of these bank accounts could be shut down or get frozen literally anytime.
I am sure back when the first shut down of Tether happened for two weeks or so I think it was, a lot of traders and investors were sitting in front of their screens with shaking hands typing on their keyboard to search for the most recent news. Tether is efficient because it's centralized. You don't have any hassles with a stuck transaction and so on. But once shit hits the fan, that's when it becomes interesting!
Tether now can be safe for a few months given the NY agreement, Coinbase will be adding USDT soon and this could like some kind of endorsement for the shadow US dollar. IMO, I've never used USDT and if I really need a stablecoin I prefer DAI.
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?
Indeed, there is no solution for stable coins to increase the market cap other than printing the number of coins. The higher the coin price, the lower the stable coin rating, but vice versa. If the coin price gets lower, the stable coin will go to the top.
But basically USDT must have real money amount according to the USDT coins they print. However, it is under the authority of the SEC. They must control the circulation of USDT.
Tether has its history as far as I know in terms of being shut down or being put on ice by authorities. Not sure, was a couple of years ago where nobody could access or move anything for two or so weeks. That's terrifying if you parked a substantial amount in Tether. It is a centralized stable coin solution. Whatever is centralized brings about the risks that come with centralization.
Yeah, you know things are bad enough that you can't verify if what they distribute is actually backed by a 1:1 ratio. So far tether has been quite capable of answering some of the challenges posed for them, but still, for a centralized stable coin it is not convincing enough, at least for me.
Tether has its history as far as I know in terms of being shut down or being put on ice by authorities. Not sure, was a couple of years ago where nobody could access or move anything for two or so weeks. That's terrifying if you parked a substantial amount in Tether. It is a centralized stable coin solution. Whatever is centralized brings about the risks that come with centralization.
Cayman Islands accounting firm Moore Cayman has confirmed that USDT is fully backed with plenty of reserves.
https://cointelegraph.com/news/tether-s-reserves-are-fully-backed-according-to-latest-assurance-opinion
https://cointelegraph.com/news/tether-s-reserves-are-fully-backed-according-to-latest-assurance-opinion
USDT now with more then a $50b marketcap after being listed with coinbase pro.
https://www.coindesk.com/tether-passes-50b-market-cap
https://www.coindesk.com/tether-passes-50b-market-cap
The biggest advantage with cryptocurrencies such as Bitcoin, Ethereum and Bitcoin Cash is that they are decentralized. That means that you are able to store money on your own. But that is not the case with USDT. With Tether, the Bitfinex exchange is holding your money and you are being issued a token which establishes ownership to the funds. Now the drawback here is that the tokens can be stolen from your account, and at the same time they can become worthless if the Bitfinex exchange goes down.
In that case, we could use "DAI" for its decentralization. Cryptocurrency is beloved of all, the only reason is Decentralize. Today, Binance exchange is popular, which is decentralized. We know that some decentralized exchanges are dying, when centralized exchange is being popular because of its fake volume. Latoken, bitforex and kucoin have a very fake volume, especially Latoken. Volume also matters, especially when we are talking about top stable coins.
USDT is safe but not profitable as compared to other cryptocurrencies like ripple, cardano, dogecoin etc because usdt price is stable at 1$. But it is good for traders as they invest in other altcoins make profit and convert the profit into usdt because of it’s stability. The other reason is transaction fee is low when we are trading in usdt. So usdt is safe because of less fluctuations.
I see it is safe for USDT now, because there are still a lot of exchanges made through USDT and a lot of convenience is obtained from USDT and also benefits if we experience a decline from alcoin while USDT remains at a price in accordance with fiat dollars.
Yes it is safe, besides I had been using USDT pair to trade to get some profit actually.
In fact, USDT for me in my own opinion it is more safe to this pair rather than ETH at the moment.
Because, fluctuation most often to ETH unlike on USDT is not that volatile in terms of movement in the
platform exchange.
In fact, USDT for me in my own opinion it is more safe to this pair rather than ETH at the moment.
Because, fluctuation most often to ETH unlike on USDT is not that volatile in terms of movement in the
platform exchange.
The biggest advantage with cryptocurrencies such as Bitcoin, Ethereum and Bitcoin Cash is that they are decentralized. That means that you are able to store money on your own. But that is not the case with USDT. With Tether, the Bitfinex exchange is holding your money and you are being issued a token which establishes ownership to the funds. Now the drawback here is that the tokens can be stolen from your account, and at the same time they can become worthless if the Bitfinex exchange goes down.
For now holding usdt I think it is safe and can already be relied on in the crypto world, and what we should know is that usdt is now a stable coin so it is safe to store our assets, and usdt also has no internal problems at the moment so we are not worried about changes that occur suddenly, but we also have to be careful because not all crypto coins are safe up to 100%.
We've heard several frightening news about USDT, but I personally prefer holding USDT as compared to other stable coins. The most prominent information we heard was that USDT doesn't have the required back up in dollars to offset the amount being circulated and its possibly true.
Big News as tether will be launching on major crypto exchange Coinbase Pro.
https://blog.coinbase.com/tether-usdt-is-launching-on-coinbase-pro-3a1353060e41
https://blog.coinbase.com/tether-usdt-is-launching-on-coinbase-pro-3a1353060e41
yep usdt is legit and its safe its long time ago ill used in trading in usdt pair in bittrex and untill now iam still tarde on alts in usdt pair on binance. Untill now many traders used usdt pair because if the bear market is started usdt pair is still safe.
In my opinion, what is conveyed in your statement is very wrong if the price of bitcoin continues to soar because it is pumped or supported by the Usdt token, that is the wrong statement in my opinion. without being supported by USDT tokens, the price of bitcoin will also continue to increase, USDT tokens are always the strongest level of security and the price is always in Normal, if USDT rises no more than 10% and if the price drops no more than 10%, that's what I mean the USDT token has a fantastic level of security. I call this Usdt token this is a Token that has no volatility, the price is always $ 1 all the time.
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