USDT keeps getting better - page 5. | Bitcointalksearch.org

poodle63

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Quote from: Bitbtc8 on April 07, 2021, 12:53:40 AM

Quote from: jrrsparkles on April 06, 2021, 11:25:55 AM

One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

One reason that makes USDT the best stablecoin is because it's centralized, any project that wants to really really back USD must be transparent and centralized, real USD is centralized and something that wants to represent that USD in digital form must be centralized as well, we all hate centralization but this is dollar we are talking about here

But that's not valid reason to determine whether a stablecoin is the best or not based on its centralizatino since most of stablecoins are centralizde otherwise who gonna keep the USD reserve lol.
maybe what you mean is just that USDT has overall biggest market cap when it comes to stablecoin and transparent enough due to publication of their account snapshot statement in their website, otherwise being centralized is nothing special when it comes to stablecoin.

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Quote from: Farma on April 07, 2021, 12:17:40 AM

although there are a lot of bad issues, I still use USDT. nice to see USDT expand.

There's no issue about that but some haters were spreading hate comment about that. I see that tether as a company that was backing USDT has been working a lot of improvement since there's a case related to transparency of reserved amount.
As per the latest news and tether can handle it and that was showing if tether can still be trusted by anyone.
This proves that people are still using tether.

Bitbtc8

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Quote from: jrrsparkles on April 06, 2021, 11:25:55 AM

One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

One reason that makes USDT the best stablecoin is because it's centralized, any project that wants to really really back USD must be transparent and centralized, real USD is centralized and something that wants to represent that USD in digital form must be centralized as well, we all hate centralization but this is dollar we are talking about here

Farma

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Personally, I have nothing against USDT, and I am quite happy with the current developments. besides, it made me think of using USDT alone as a stable alternative to the coin compared to the others. although there are a lot of bad issues, I still use USDT. nice to see USDT expand.

DapanasFruit

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Despite its many disadvantages, we know that USDT or Tether remains to be the number stablecoin utilized by many in the cryptocurrency market. I am not holding any USDT but when in an exchange it is sometimes unavoidable to use a stablecoin and every time it is USDT that is my choice all because I am more familiar with it. Yes, I agree that it seems the general consensus is that USDT is not that transparent in its minting process and lack of transparency is one of the many things that we are fighting that is why we are in cryptocurrency...this is one area that people in Tether should learn to adopt and internalize.

kram31

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Quote from: Williamm07 on April 06, 2021, 11:20:23 AM

USDT is getting more expansion by going on polkadot chain and kusama combined, this means USDT isn't playing around, I know not everyone likes USDT but what could go wrong on here? It's still the best stable coin I've known till date, Wink

don't mind me if you are USDT hater Grin

, read the full news below

https://www.theblockcrypto.com/post/100614/tether-usdt-stablecoin-polkadot-kusama

I know for sure that there are a lot of USDT remain lover for this one. And actually, I had been doing trade in cryptocurrency using USDT pair or stables coin and so far so good every week I earned twice or more to the capital that I had been used for buying token in the exchange. And besides, I don't think that USDT is not a good trading pair in the platform exchange.

poodle63

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it seems they are not joking when it comes to expanding, even they could grow to billions of market cap within very short term that makes a lot of people put suspicion but regardless it's good if they could expand to more and more platform since I usually don't care whether theygonna grow their market cap to trillions or anything as long as they are reliable and can be used like any other stablecoin i personally have no problem with that, instead this expansion adds reliability to the stablecoin somewhat.

Teraboy

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well usdt is expanding its dominance by increasingly consolidating its leadership in the field of stablecoins becoming a coin that can be used on various blockchains

That's very well said that USDT has become the major stable coin that was creating a very big domination in crypto.
We will have so many options to avoid the high fees on ethereum and this is a good news. I think that tether will always try to expand its service to the more and more blockchain soon.

cryptoaddictchie

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Quote from: Williamm07 on April 06, 2021, 11:20:23 AM

USDT is getting more expansion by going on polkadot chain and kusama combined, this means USDT isn't playing around, I know not everyone likes USDT but what could go wrong on here? It's still the best stable coin I've known till date, Wink

don't mind me if you are USDT hater Grin

, read the full news below

https://www.theblockcrypto.com/post/100614/tether-usdt-stablecoin-polkadot-kusama

Actually nothing special even they loss their case on sec last time. There are plenty of other choices for stablecoin. The only thing that keeps usdt growing is community already used to them as being used as primarily main stablecoin on majority of exchanges.

I don't take it negatively that they will expand on polkadot and kusama network cause its a good thing that they will also have own stablecoin on a new ecosystem.

OcTradism

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Quote from: Williamm07 on April 06, 2021, 11:20:23 AM

USDT is getting more expansion by going on polkadot chain and kusama combined, this means USDT isn't playing around, I know not everyone likes USDT but what could go wrong on here? It's still the best stable coin I've known till date, Wink

don't mind me if you are USDT hater Grin

, read the full news below

https://www.theblockcrypto.com/post/100614/tether-usdt-stablecoin-polkadot-kusama

Expansion to more chains can help Tether company achieve better adoption for their Tether USD (USDT) but it won't make this stable coin becomes better in view of some people in crypto market.

The very old story about Tether USD and most of stable coins is centralization and transparency of real amount of US dollars or other fiats in banks, vaults that claim to be used as pegged-fiat for same amount of Tether USD.

Many drama, law suits against Tether about their arbitrary minting of USDT. It is considered by many people as a tool to inflate the crypto market.
Questions About Tether Just Won’t Go Away. Does the Crypto Market Care?
Last year, the huge minting of Tether USD is a signal of later well growth of bitcoin. You can see the sudden increase of Tether Marketcap that represents total supply of USDT: https://coinmarketcap.com/currencies/tether/ (notice the upward rise in September 2020).

makishart

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Glad to see USDT will try to expand its service on DOT platform. As per the latest news and i can say that USDT is starting to be a transparent company and according to the latest report if all of USDT were fully backed by USDT.

The centralization of USDT gives ability for sometimes there's a hacked case happened with exchange site.

If USDT is not centralized and i can imagine how much million USDT already stolen by hackers.

jrrsparkles

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One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

Williamm07

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USDT is getting more expansion by going on polkadot chain and kusama combined, this means USDT isn't playing around, I know not everyone likes USDT but what could go wrong on here? It's still the best stable coin I've known till date, Wink

don't mind me if you are USDT hater Grin

, read the full news below

https://www.theblockcrypto.com/post/100614/tether-usdt-stablecoin-polkadot-kusama

Topic: USDT keeps getting better - page 5. (Read 779 times)