Tether the Best Stable Coin - page 2.

shinratensei_

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Quote from: ?? on ??

We know that Tether is the most valuable coin and has a great volume between all the stablecoins. But we can't trust these stablecoins to hold all our money. As we have advice, " don't put all your eggs in one bucket". To freeze your money, choose different altcoins like Binance USD, TUSD and DAI.

You don't even need to hodl tether but if you are holding it and it's fine for you as long as you know the risk by holding tether. Dude, tether will be randomly freeze your money and in the various case, that function is helping so many people to recover theirs losses due to the hacked cases that happened on several exchange sites.
There will always be pros and cons for any function. Imagine how much people will lose their money if tether was not freezing and recover it back.

OcTradism

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Quote from: Oshosondy on March 22, 2021, 07:00:28 AM

But there are many other good stable coins, and there are many better ones to come.

And some others are safe to use also.

Stable coins are less safe than fiat. They can be more convenient to use but not safer than fiat.

Quote from: freigeist on March 22, 2021, 12:49:12 PM

People are you aware that this coins could fail and all except DAI
could lock your funds in an address so that you can not move them?!

DAI is a really decentralized stable coin and it is good as well as safest in the current stable coins on the market.

Tether USD and other centralized stable coins are risky and you are correct about that risk.
PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

Quote from: ryzaadit on March 22, 2021, 01:09:51 PM

Did you know, Tether (USDT) can be freeze by the smart contract + USDT is not really 100% (1:1) backup with the asset maybe only around 60% there also have some court result between Bitfinex & Tether they losed and have to pay a million dollars because of that.

Did really Tether is the best ? I guess not, there also have a slight down on Tether the price going to 0.7$ on some case you can check on price history Tether in Coinmarketcap.

Tether USD is best for traders and people who don't take care of risks. USDT has biggest trading volume on the market and it is one of main trading pairs for cryptocurrency. Other stable coins have far journey to reach the success of Tether.

Let's me emphasize, I don't say Tether is the best in safety.

criket

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maybe in market capitalization, it is USDT stable asset that has the most adoption. but perhaps more specifically the current USDT on the TRC network has increased user interest.
yes, of course, day traders who usually use USDT will experience recalculation when they have to use USDT ERC and TRC.
because of the gas fee problem, I'm sure traders are also converting to other stable assets.

bussybuddy

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Quote from: Am139 on March 22, 2021, 06:51:34 AM

When it comes to cryptocurrencies, the first thing that comes to our mind is Bitcoin and every other cryptocurrency is alt-coins. In that term, there are stable coins as the name suggests their price stays stable and has very low volatility which attracts investor and other users, Tether or USDT Omni which was launched in 2015 on Bitcoin blockchain via Omni protocol.

It is known as the king of stable coins because of its price which is all most equivalent to USD, which will catch the eyes of online businesses. With time as we all see other cryptocurrencies are gain more great growth, we can assume that Tether will also, and the real reason behind that is it has maintained its price and will grow potential in coming years.

Tether (USDT) has the largest market capitalization among all other stable coins, which indicates why you should choose USDT to invest in or even, start accepting as your payment for business, as it is backed by fiat currencies which makes it more trusted crypto coins. It has and will gains more and more popularity, with stable growth in its price which is a really good way to make money and also started accepting as payment.

https://coinremitter.com/currency/tether-usd-erc20

I do not deny the position of Tether In the crypto space, however, it seems that many stablecoins are also emerging and showing the experience of using on separate platforms. Personally, I am currently choosing and creating a habit of keeping only USDC and BUSD.

TravelMug

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One advantage of Tether is that they are the first stable coin, doesn't mean the best, but since they are what we term "prime movers", they became the most "used" stable coins so far, despite the many fraudulent and accusations against them.

But there are competitions out there that I think can eat up Tether's dominance as the go to stable coins for now.

yohananaomi

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Quote from: Cappex on March 22, 2021, 04:10:53 PM

Personally, I don't use stablecoins, just to collect profits from trading before investing them again in crypto... so one is as good as the other and usually chosen USDT because it is the most widespread.

Obviously, until now, for the stability of all coins, it will ensure that USDT is reliable, even for the longest time.
Just like the colleague above, I agree that I will not use stablecoins for profit, because it will not be obtained at all for that step, it seems like the wrong thing to do this action. in trading, it is very important that the price difference occurs which often occurs where it is an opportunity to take advantage of it.

Cappex

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Personally, I don't use stablecoins, just to collect profits from trading before investing them again in crypto... so one is as good as the other and usually chosen USDT because it is the most widespread.

Lordhermes

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These glory on USDT? If yes then, know that stable coin aren't created in one form, there are other good stable coin that are mainly for security, traded through p2p and many other features they have. Invariably, the usage of stable coin as a mean of maintaining the value of your coin, of course, tether isn't the best stable as there are other best too.

peterpanda

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Quote from: Am139 on March 22, 2021, 06:51:34 AM

When it comes to cryptocurrencies, the first thing that comes to our mind is Bitcoin and every other cryptocurrency is alt-coins. In that term, there are stable coins as the name suggests their price stays stable and has very low volatility which attracts investor and other users, Tether or USDT Omni which was launched in 2015 on Bitcoin blockchain via Omni protocol.

It is known as the king of stable coins because of its price which is all most equivalent to USD, which will catch the eyes of online businesses. With time as we all see other cryptocurrencies are gain more great growth, we can assume that Tether will also, and the real reason behind that is it has maintained its price and will grow potential in coming years.

Tether (USDT) has the largest market capitalization among all other stable coins, which indicates why you should choose USDT to invest in or even, start accepting as your payment for business, as it is backed by fiat currencies which makes it more trusted crypto coins. It has and will gains more and more popularity, with stable growth in its price which is a really good way to make money and also started accepting as payment.

https://coinremitter.com/currency/tether-usd-erc20

It has 2 different blockchain also and these are erc20 and trc20. Personally, I use trc20 and it is so fast. The transaction fees of USDT on trc20 is very cheap if we compare with well know erc20 blockchain. Hope, within some years, most of the people will be able to know about USDT.

ryzaadit

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Did you know, Tether (USDT) can be freeze by the smart contract + USDT is not really 100% (1:1) backup with the asset maybe only around 60% there also have some court result between Bitfinex & Tether they losed and have to pay a million dollars because of that.

Did really Tether is the best ? I guess not, there also have a slight down on Tether the price going to 0.7$ on some case you can check on price history Tether in Coinmarketcap.

freigeist

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Quote from: Oshosondy on March 22, 2021, 07:00:28 AM

Know that tether is now beyond bitcoin omini layer, tether is now also built on some other blockchains such as:

1. Omini layer that you mentioned, bitcoin blockchain
2. On ethereum blockchain, ERC2
3. On Tron blockchain, TRC20
4. Solana also support tether recently.

But there are many other good stable coins, and there are many better ones to come.

1. Dai
2. USDC
3. TUSD

And some others are safe to use also.

People are you aware that this coins could fail and all except DAI
could lock your funds in an address so that you can not move them?!

Fesatmas

sr. member

Activity: 2268

Merit: 275

not only USDT is the benchmark for USD, but USDC, DAI, also have the same position where we can save money when prices fall. indeed when referring to the number of market investors, USDT is friendly to all types of exchanges or coin pairs. and it remains the standard. For various markets such as on Binance, we don't just refer to USDT, that way we can choose any coin with an equally stable volume.

Oshosondy

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Know that tether is now beyond bitcoin omini layer, tether is now also built on some other blockchains such as:

1. Omini layer that you mentioned, bitcoin blockchain
2. On ethereum blockchain, ERC2
3. On Tron blockchain, TRC20
4. Solana also support tether recently.

But there are many other good stable coins, and there are many better ones to come.

1. Dai
2. USDC
3. TUSD

And some others are safe to use also.

Am139

newbie

Activity: 12

Merit: 0

When it comes to cryptocurrencies, the first thing that comes to our mind is Bitcoin and every other cryptocurrency is alt-coins. In that term, there are stable coins as the name suggests their price stays stable and has very low volatility which attracts investor and other users, Tether or USDT Omni which was launched in 2015 on Bitcoin blockchain via Omni protocol.

It is known as the king of stable coins because of its price which is all most equivalent to USD, which will catch the eyes of online businesses. With time as we all see other cryptocurrencies are gain more great growth, we can assume that Tether will also, and the real reason behind that is it has maintained its price and will grow potential in coming years.

Tether (USDT) has the largest market capitalization among all other stable coins, which indicates why you should choose USDT to invest in or even, start accepting as your payment for business, as it is backed by fiat currencies which makes it more trusted crypto coins. It has and will gains more and more popularity, with stable growth in its price which is a really good way to make money and also started accepting as payment.

https://coinremitter.com/currency/tether-usd-erc20

Topic: Tether the Best Stable Coin - page 2. (Read 322 times)