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Topic: USDT are safeheaven - page 2. (Read 328 times)

legendary
Activity: 3262
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
March 26, 2021, 04:25:10 AM
#18
That's a very bad imagination.
Me? I'll try keeping more USD rather than stablecoins.
There is always a part of me that doubts them. Sure, they can be used in everyday trading but as a "safe heaven?" which I think you are referring to as good investment. No, I won't go that far into keeping that for a long time.
I just don't want to end up losing everything. I'd rather lose just a part of my investment thru Bitcoin or other trustworthy alts.
legendary
Activity: 2338
Merit: 1354
March 26, 2021, 02:59:53 AM
#17
(....)
you should be crazy to think stable coins are better than fiat USD!

The ethereum is safe . And USDT are on ethereum.
Proof me You are correct? 
But most of these stablecoins especially USDT are backed with the USD dollar, or it is pegged 1USD: 1USDT.
If you will check their website, and you can check it here https://tether.to/why-use-tether/, "Store, send and receive 1-to-1 pegged digital currency across exchanges, platforms, and wallets."
You will mint USDT if you want to convert your USD, and the USDT will be now backed.
legendary
Activity: 2100
Merit: 1321
Fully Regulated Crypto Casino
March 26, 2021, 02:56:09 AM
#16
USDT are safe heaven.
Its stable and Main Reason are its not a dollar.
So anything happens with USA dollar You got USDT You safe.
Usdc works too.
So I guess first cbdc approved currency Will be USDT. 

Nope its not. For all you knew its just got an issue few weeks ago, and it doesn't mean that usdt is the equivalent of usd in real fiat. Its just a representation of crypto fiat in the blockchain and its owned by a private firm which have case that has been only negotiated with a fine means this is not yet safe. Im more inclined to use the usdc instead of this one as to be more safer.
sr. member
Activity: 1722
Merit: 269
March 26, 2021, 02:54:07 AM
#15
USDT are safe heaven.
Its stable and Main Reason are its not a dollar.
So anything happens with USA dollar You got USDT You safe.
Usdc works too.
So I guess first cbdc approved currency Will be USDT. 


Don't be to careless with your USDT though because Tether is always surrounded by this rumours or concerns that since 2 years or so not every UDST that they are printing is covered by a real USD anymore.
In 2019 they switched their statement from "every UDST printed is covered 1:1 by real USD" to "we have enough reserves to cover all of the USDT.
But they did not show a proof yet of these reserves.
So many think that for example USDC is safer than USDT because it belongs to a big exchange which is regularly audited and checked.
sr. member
Activity: 1988
Merit: 283
March 26, 2021, 12:19:38 AM
#14
Yes its a safe heaven because of being so stable than other fiat in the market.. and infact mostly traders here always relying in it, especially when there's fluctuation or some sort of  issue within the market that can really cause the growth rate to keep crashing . And those who gaining quick profits "daily trading" is the one who keep using it in there daily basis.. Which is a big help tbh and very safe place to skip the volatility base also in my experience..
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
March 25, 2021, 11:21:25 PM
#13
USDT are safe heaven.
Its stable and Main Reason are its not a dollar.
So anything happens with USA dollar You got USDT You safe.
Usdc works too.
So I guess first cbdc approved currency Will be USDT. 
USDT is pegged with US dollar in value and any bad things happen with US dollar will cause the value of USDT changed a lot. You won't be safe with USDT if US dollar is in troubles.

USDT can get troubles with goverments if they file law suits to Tether company.

That stable coin gives you convenience to move your money and to trade but it is not a safe heaven. If you ask me that I would trust in the US government or trust Tether company, I will trust the government and their CBDC, the US dollar.
hero member
Activity: 2562
Merit: 577
March 25, 2021, 10:54:59 PM
#12
USDT are safe heaven.
Its stable and Main Reason are its not a dollar.
So anything happens with USA dollar You got USDT You safe.
If you are aware of their struggles and the legal troubles you will not even start this topic as USDT is not a safe heaven and i wont be surprised if it disappears due to legal troubles in the next few years  Tongue. If anything happens to US dollars any stable currency that pegged the dollars will be having a hard time and it will have a affect the entire cryptocurrency circus Cheesy.

What could happen to US dollar? I understand your uneasiness towards usdt but thinking something happening to usd is highly unlikely, except of course they have other means of transaction and don't bother thinking btc because you and I know that may never happen,
This issue with usdt has been around for long and could possibly linger on for even longer time, despite so it seem to be the most used stablecoin,  and good thing is there are other alternatives, (the ones with less or no baggage) I think the point of the OP is stablecoin in general and not just specifically usdt.
hero member
Activity: 2632
Merit: 833
March 25, 2021, 08:11:31 PM
#11
USDT are safe heaven.
Its stable and Main Reason are its not a dollar.
So anything happens with USA dollar You got USDT You safe.
Usdc works too.
So I guess first cbdc approved currency Will be USDT. 


I wouldn't say that it is a safe haven, maybe a good hedge against crypto volatility and I think this is what stable coins are and will always be.

CBCD will not be USDT, as CBCD is obviously back up by government and USDT is running on fractional reserves, unless they truly are running on 1:1, but I don't believed on that one.
legendary
Activity: 3234
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
March 25, 2021, 06:38:34 PM
#10
USDT are safe heaven.
Its stable and Main Reason are its not a dollar.
So anything happens with USA dollar You got USDT You safe.
Usdc works too.
So I guess first cbdc approved currency Will be USDT. 


USA dollar = USDT, there's no reason to call it being different than USA dollar caused by it already tokenized. CBDC will be different than USDT consider it will be issued by the central bank or something like that.
USDT already issued by an entity that doesn't have an official partnership with the central bank.
USDT will not be approved to be CBDC dude.
legendary
Activity: 2282
Merit: 1023
March 25, 2021, 05:48:01 PM
#9
USDT are safe heaven.
Its stable and Main Reason are its not a dollar.
So anything happens with USA dollar You got USDT You safe.
If you are aware of their struggles and the legal troubles you will not even start this topic as USDT is not a safe heaven and i wont be surprised if it disappears due to legal troubles in the next few years  Tongue. If anything happens to US dollars any stable currency that pegged the dollars will be having a hard time and it will have a affect the entire cryptocurrency circus Cheesy.
full member
Activity: 2086
Merit: 193
March 25, 2021, 05:39:27 PM
#8
USDT are safe heaven.
Its stable and Main Reason are its not a dollar.
So anything happens with USA dollar You got USDT You safe.
Usdc works too.
So I guess first cbdc approved currency Will be USDT. 

There’s no major crash yet with the USA Dollar so its hard to say that USDT is the safe haven for us, the worst time will come and only time can tell the effect of that into cryptomarket because I believe stable coin will still be moved if the market turns into a nightmare. I’m not being negative here, I just don’t want to believe on any Safe haven because even Bitcoin move unexpectedly.
sr. member
Activity: 1092
Merit: 254
March 25, 2021, 05:10:45 PM
#7
Yes, there were some nuances in the USDT and the situation some day may be unpredictable. By the way like with all existing coins or tokens. There is no guarantee at all. Personally I use USDT from time to time, but I would not be so sure in it and would not choose USDT for holding big amounts and for a long time for example.
legendary
Activity: 1876
Merit: 4532
March 25, 2021, 04:08:44 PM
#6
read my article
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

Here's the latest statistics to date.
https://duneanalytics.com/phabc/usdt---banned-addresses
We see new Banned Addresses every week
I only hold stablecoins in DAI. USDT still has no audit
hero member
Activity: 2408
Merit: 693
SecureShift.io | Crypto-Exchange
March 25, 2021, 04:04:08 PM
#5
Especially when the market is going down like this, usdt or any other stable at that time always come to the rescue, and can be seen as safe heaven, right now I have most of my funds in usdt and I can rest easily while watching the market continues to crash, it is stable coin so it gives stability.
copper member
Activity: 246
Merit: 7
buy bitcoin, hodl bitcoin
March 25, 2021, 02:38:34 PM
#4
i prefer busd than usdt and earn 25% apy Grin
member
Activity: 322
Merit: 14
March 25, 2021, 01:04:10 PM
#3
no it is not.

anything happening to "USA dollar" means anything happening to USA while anything happening to USDT means something happening to the small company that keeps printing it and is already under pressure from the government and can be easily shut down.

you should be crazy to think stable coins are better than fiat USD!

The ethereum is safe . And USDT are on ethereum.
Proof me You are correct? 
legendary
Activity: 2114
Merit: 1293
There is trouble abrewing
March 25, 2021, 12:50:22 PM
#2
no it is not.

anything happening to "USA dollar" means anything happening to USA while anything happening to USDT means something happening to the small company that keeps printing it and is already under pressure from the government and can be easily shut down.

you should be crazy to think stable coins are better than fiat USD!
member
Activity: 322
Merit: 14
March 25, 2021, 12:26:43 PM
#1
USDT are safe heaven.
Its stable and Main Reason are its not a dollar.
So anything happens with USA dollar You got USDT You safe.
Usdc works too.
So I guess first cbdc approved currency Will be USDT. 
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