With all the FUD surrounding Tethers, and the lack of official responses from Bitfinex only fanning the fire, I'm wondering how long it will be until there is a more trustworthy way to hold USD tokens in the blockchain sphere during times of market volatility?
Besides USDT, there are many other alternative stable coins on the market, but I don't understand what worries you. The price is equal to the dollar and the coin is stable, of course I do not like that they release their own coins to buy bitcoin, but the essence of the project does not change. 
Topic: USDT Alternative? (Read 348 times)
Alternative projects that are currently available on the exchanges in general are not entirely transparent since these projects do not conduct an audit. I think that now there will be opinions of people who will be foggy.
Why use dollars for storage, and suddenly people stop using them all over the world, I suggest going further, or returning back to basics, let's store our savings in food, water, hair, etc., why do we need paper 
With all the FUD surrounding Tethers, and the lack of official responses from Bitfinex only fanning the fire, I'm wondering how long it will be until there is a more trustworthy way to hold USD tokens in the blockchain sphere during times of market volatility?
And what prevents you from transferring part of the funds to other stablecoins? They are now quite a lot (USDS, USDC, TUSD, PAX, and others). Divide and store in different.
that's a good question , after all tether FUD , some markets would said they would change usdt with usd , i'm pretty sure the substitute of tether would be stronger because of the former experiences , and market would be stronger .
yeah i do not really trust usdt to be all honest. I do not even trade with it so if you count your money in btc and not in fiat money usddt is usell anyway in my opinion
as of now, we need the best alternative to USDT. Are Steem Dollars or SBD the ideal choice because of the guaranteed ability to ...n that case, we need the best alternative to USDT. Are Steem Dollars or SBD the ideal choice because of the guaranteed ability to being succes..
With all the FUD surrounding Tethers, and the lack of official responses from Bitfinex only fanning the fire, I'm wondering how long it will be until there is a more trustworthy way to hold USD tokens in the blockchain sphere during times of market volatility?
I think that it is worth using the exchange, where there are real dollars. Around Tether there are really a lot of rumors and news, and too many coins have been issued. Usdt will probaby not pop but also do not worry about it because there is some competitors to tether coming to market 
The one I'm waiting for this year is kUSD by http://kowala.tech
Both decentralized, mine-able and can handle enterprise grade performance (per wp).
Hopefully will launch soon and will be a good alternative to tether and it's USDt currency.
Only other alternative is going to be using an exchange which actually has USD to give you when you sell your bitcoins, as this is something which Coinbase/ GDAX has and this is FDIC insured, obviously making investors feel a lot safer when they're sitting on the sidelines waiting to see if they should trade.
I'd rather have actual USD, then some shitty coin which is printing more and more tether as they please. Plus the fact that they've never been audited (tether) and who knows if they're able to be trusted.
I'd rather have actual USD, then some shitty coin which is printing more and more tether as they please. Plus the fact that they've never been audited (tether) and who knows if they're able to be trusted.
I think this will be new era of fiat in exchange like applying USD in every exchange.
In my local exchanger, i am so easy to withdraw fiat to my bank account whenever i want. I cash out my capital when i need to buy something offline
Usdt will probaby not pop but also do not worry about it because there is some competitors to tether coming to market
that's a good question , after all tether FUD , some markets would said they would change usdt with usd , i'm pretty sure the substitute of tether would be stronger because of the former experiences , and market would be stronger .
I heared that Teather already fixed all problems and now its good without any red flags or scam alerts i think we can work with them very easy !
Hi, There was the first to launch a stablecoin like the USDT but you will see more and better alternatives this year.
You should read: Bringing stablecoins to the next level
https://medium.com/@globcoin_io/bringing-stablecoins-to-the-next-level-357879430b0f
You should read: Bringing stablecoins to the next level
https://medium.com/@globcoin_io/bringing-stablecoins-to-the-next-level-357879430b0f
Only other alternative is going to be using an exchange which actually has USD to give you when you sell your bitcoins, as this is something which Coinbase/ GDAX has and this is FDIC insured, obviously making investors feel a lot safer when they're sitting on the sidelines waiting to see if they should trade.
I'd rather have actual USD, then some shitty coin which is printing more and more tether as they please. Plus the fact that they've never been audited (tether) and who knows if they're able to be trusted.
Fully agree with you! If you need for safe alternative, you need to use exchange with USD. USDT is shady coin and I can't trust them. Releasing new coins to market which aren't really backed by USD and all other suspicious activities by Tether. I'm not surprised if one day it will collapse. And due to shady activities with Tether, I'm staying away from Bitfinex.I'd rather have actual USD, then some shitty coin which is printing more and more tether as they please. Plus the fact that they've never been audited (tether) and who knows if they're able to be trusted.
Am I the only one who doesn't understand the actual need of tether? If you want fiat money, why not using the 'real' USD instead?
Exactly!
With all the FUD surrounding Tethers, and the lack of official responses from Bitfinex only fanning the fire, I'm wondering how long it will be until there is a more trustworthy way to hold USD tokens in the blockchain sphere during times of market volatility?
Am I the only one who doesn't understand the actual need of tether? If you want fiat money, why not using the 'real' USD instead?
With all the FUD surrounding Tethers, and the lack of official responses from Bitfinex only fanning the fire, I'm wondering how long it will be until there is a more trustworthy way to hold USD tokens in the blockchain sphere during times of market volatility?
Am I the only one who doesn't understand the actual need of tether? If you want fiat money, why not using the 'real' USD instead?
GLOBCOIN is starting to gain fame as a USDT alternative. It's also asset-backed, it's linked to fiat, it's stable.
Check them out.
Check them out.
maybe just trade only on exchange which backup with real USD such as Coinbase, Bitstamp for now. Until all this situation with tether resolved.
If you don't want to hold tether then the only way for you is to trade it to USD on exchanges that have such option but then you are risking to get extra troubles with KYC or bank withdrawals. There is no such thing as a stablecoin in a free market. The price is either determined by the market or you will always have a risk to lose liquidity and all your money after different changes. This is a simple economic rule.
Tether is the largest stablecoin. Devs are claiming that they still have good reserves of USD and the coin have a good exchange behind itself. Yes, it have troubles now but if USDT fails then it will just prove that stablecoins can't survive in the free market for a long time (none of them).
Tether is the largest stablecoin. Devs are claiming that they still have good reserves of USD and the coin have a good exchange behind itself. Yes, it have troubles now but if USDT fails then it will just prove that stablecoins can't survive in the free market for a long time (none of them).
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