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Topic: USDT keeps getting better (Read 765 times)

member
Activity: 431
Merit: 18
May 20, 2021, 06:41:04 PM
#93
USDT will always be a great coin, this project first introduced the concept of stable coins before a lot of other projects joined the wave  and in the midst of all the several controversies the project has faced in the past, it has always survived.
As with its advantages USDT helped me to control the dip in the value of my portfolio in d past few weeks now, i have bought back some of my coins for lesser price than i held initially and USDT made that possible
full member
Activity: 1260
Merit: 100
SOL.BIOKRIPT.COM
May 14, 2021, 01:26:35 AM
#92
Indeed, most people consider it trivial with USDT, the proof is that the public prefers other tokens with uncertain hopes.
I myself am very grateful for the presence of usdt, for providing income even though it is not as much as eth or btc.
full member
Activity: 910
Merit: 101
May 13, 2021, 10:33:13 PM
#91
if tether or usdt spreads its wings to other networks it is good news, as it is a stepping stone to saving it due to its stable price and avoids big losses when the market is down. because the price remains stable.
jr. member
Activity: 117
Merit: 5
May 13, 2021, 06:32:16 PM
#90
USDT is undoubted the best stable coin in the cryptocurrency market. It is very useful for good traders, as it helps them keep their money safe before and after making a good move in the market. they use USDT to preserve their portfolio value when the market is dumping.
legendary
Activity: 2282
Merit: 1023
May 13, 2021, 05:58:09 PM
#89
The listing of USDT on CoinBase stops all the Tether FUD once and for all, there is no doubt the team can do better with thier transparency and I am sure the team do not have all the DOllar they claim they have in the bank but having said this they have done well for the space, the rise of stable coins is as a result of Tether and other projects joining the space has them to thank
If you think that the Tether team do not have the dollars they claim in the bank as collateral, what do you think they have kept aside from dollar and do you really think they have kept other valuables as collateral as that is what they were saying but they are yet to reveal what are the other assets they have kept and you think that it is transparency. If they are not having the said collateral in valuation then how can we trust them and i think if they are saying is true they would have already published everything but we know that is not the case.
sr. member
Activity: 1246
Merit: 285
May 13, 2021, 05:41:32 PM
#88
USDT is the best Crypto stable coin in the cryptocurrencies market. Very recently Elon musk announcement that his car tesla company suspended bitcoin but he has more of interest to accept USDT to buy car tesla. So I think If cryptocurrencies market exist, the USDT would be the best stable coin position.
Well, currently Usdt is the most popular and most used stablecoin in the crypto market, based on data from coinmarketcap. wide range and available on most major exchanges. I also prefer to use USDT when there is a sudden downturn in the market and to move it to a local exchange, it costs less.

although very useful, there has been controversy regarding the audit of the number of coins available. that is what often makes many people doubt. well, as long as we use it wisely, only temporarily for a specific purpose eg transfer of value, not for long hold, then it doesn't matter.
full member
Activity: 1190
Merit: 100
May 13, 2021, 05:27:20 PM
#87
USDT is the best Crypto stable coin in the cryptocurrencies market. Very recently Elon musk announcement that his car tesla company suspended bitcoin but he has more of interest to accept USDT to buy car tesla. So I think If cryptocurrencies market exist, the USDT would be the best stable coin position.
sr. member
Activity: 1313
Merit: 278
May 13, 2021, 05:17:58 PM
#86
The listing of USDT on CoinBase stops all the Tether FUD once and for all, there is no doubt the team can do better with thier transparency and I am sure the team do not have all the DOllar they claim they have in the bank but having said this they have done well for the space, the rise of stable coins is as a result of Tether and other projects joining the space has them to thank

What kind of FUD can we talk about, because even in the darkest times of Tezer, the trading volumes on it were the highest compared to other stable coins.
And now we have Tezer on almost all blockchains. I am sure that whatever difficulties Tezer may experience, he will easily cope with them, because the most difficult is already over.
full member
Activity: 350
Merit: 104
April 29, 2021, 02:49:26 AM
#85
Stablecoins are crypto assets that have a stable value. This is because their value is directly tied to fiat currencies, such as the US dollar. and usdt is the best stable altcoin currently in the crypto world, just like you, I also prefer to secure my assets in the form of usdt when seeing the deteriorating market conditions so that at least our money value will be more stable and usually usdt will be a little experience price increases when the market continues to deteriorate this is due to the many traders who convert their assets both Bitcoin and altcoin into usdt and this further increases the demand for usdt.
usually I use usdt when suddenly there is a sudden change in the market outside of the predictions, this is the safest and easy way to prevent bigger losses. despite many bad rumors related to centralization etc., I still like usdt as a stablecoin. well, all there are risks, by understanding that we will be able to determine anticipatory steps. for example using usdt only temporarily, if it is safe then immediately convert it to something else.
It's good because you don't have to cash out and can keep it in cryptocurrency. Makes it quicker available if you want to get back into other coins. The daily volume is impressive, but it's a good tool for traders.

That is the reason USDT has a very high daily volume, even the volume of USDT is higher than Bitcoin. This is because USDT is the most trusted
stable coin by traders, and most traders use USDT as the fastest trading tool to save capital when the market suddenly crashes, and can avoid
big losses. I myself do rely on USDT to save some of my trading capital if I haven't found the coins I want for investment. In order not to be affected
by the highly volatile crypto market.

That is reasonable because they want to switch back and forth and also use it as a trading mechanism to secure little gains from small movements in bitcoin, but that is also risky. If you are ok with what you have in USD and you want to put it in a safe place for a moment maybe during too much hype, that's a good possibility.
full member
Activity: 1736
Merit: 116
April 27, 2021, 05:15:13 PM
#84
Stablecoins are crypto assets that have a stable value. This is because their value is directly tied to fiat currencies, such as the US dollar. and usdt is the best stable altcoin currently in the crypto world, just like you, I also prefer to secure my assets in the form of usdt when seeing the deteriorating market conditions so that at least our money value will be more stable and usually usdt will be a little experience price increases when the market continues to deteriorate this is due to the many traders who convert their assets both Bitcoin and altcoin into usdt and this further increases the demand for usdt.
usually I use usdt when suddenly there is a sudden change in the market outside of the predictions, this is the safest and easy way to prevent bigger losses. despite many bad rumors related to centralization etc., I still like usdt as a stablecoin. well, all there are risks, by understanding that we will be able to determine anticipatory steps. for example using usdt only temporarily, if it is safe then immediately convert it to something else.
It's good because you don't have to cash out and can keep it in cryptocurrency. Makes it quicker available if you want to get back into other coins. The daily volume is impressive, but it's a good tool for traders.

That is the reason USDT has a very high daily volume, even the volume of USDT is higher than Bitcoin. This is because USDT is the most trusted
stable coin by traders, and most traders use USDT as the fastest trading tool to save capital when the market suddenly crashes, and can avoid
big losses. I myself do rely on USDT to save some of my trading capital if I haven't found the coins I want for investment. In order not to be affected
by the highly volatile crypto market.
full member
Activity: 350
Merit: 104
April 27, 2021, 04:49:44 PM
#83

Stablecoins are crypto assets that have a stable value. This is because their value is directly tied to fiat currencies, such as the US dollar. and usdt is the best stable altcoin currently in the crypto world, just like you, I also prefer to secure my assets in the form of usdt when seeing the deteriorating market conditions so that at least our money value will be more stable and usually usdt will be a little experience price increases when the market continues to deteriorate this is due to the many traders who convert their assets both Bitcoin and altcoin into usdt and this further increases the demand for usdt.
usually I use usdt when suddenly there is a sudden change in the market outside of the predictions, this is the safest and easy way to prevent bigger losses. despite many bad rumors related to centralization etc., I still like usdt as a stablecoin. well, all there are risks, by understanding that we will be able to determine anticipatory steps. for example using usdt only temporarily, if it is safe then immediately convert it to something else.

It's good because you don't have to cash out and can keep it in cryptocurrency. Makes it quicker available if you want to get back into other coins. The daily volume is impressive, but it's a good tool for traders.
full member
Activity: 770
Merit: 113
April 27, 2021, 04:47:17 PM
#82

Stablecoins are crypto assets that have a stable value. This is because their value is directly tied to fiat currencies, such as the US dollar. and usdt is the best stable altcoin currently in the crypto world, just like you, I also prefer to secure my assets in the form of usdt when seeing the deteriorating market conditions so that at least our money value will be more stable and usually usdt will be a little experience price increases when the market continues to deteriorate this is due to the many traders who convert their assets both Bitcoin and altcoin into usdt and this further increases the demand for usdt.
usually I use usdt when suddenly there is a sudden change in the market outside of the predictions, this is the safest and easy way to prevent bigger losses. despite many bad rumors related to centralization etc., I still like usdt as a stablecoin. well, all there are risks, by understanding that we will be able to determine anticipatory steps. for example using usdt only temporarily, if it is safe then immediately convert it to something else.
full member
Activity: 798
Merit: 100
Reward: 10M Shen (Approx. 5000 BNB) Bounty
April 27, 2021, 04:36:19 PM
#81
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

here not only you know and admit that USDT is the best stable coin. because I also really like USDT. and I also believe the USD will continue to grow and survive in the future. so I always save my assets into USDT after I sold altcoins from the bounty and airdrop.
hero member
Activity: 1876
Merit: 512
April 27, 2021, 04:17:36 PM
#80
The listing of USDT on CoinBase stops all the Tether FUD once and for all, there is no doubt the team can do better with thier transparency and I am sure the team do not have all the DOllar they claim they have in the bank but having said this they have done well for the space, the rise of stable coins is as a result of Tether and other projects joining the space has them to thank
sr. member
Activity: 1694
Merit: 268
Binance #SWGT dan CERTIK Audited
April 27, 2021, 03:54:53 PM
#79
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.

This is great news. I was very pleased when I discovered this news this afternoon. All the same, Tether is more and more justifying his calling and place in the crypto market.
Starting from litigation and ending with the fact that on different blockchains, there are various variations of a stable USDT.


It is true that USDT is widely known by investors and non-investors alike, because USDT is the first stablecoin to appear in the crypto world, so of course USDT can be trusted and safe as a stablecoin, I myself have never had a problem with USDT, especially now that USDT continues to integrate with various exchanges and new coins
That's right, as long as I use USDT in several trades, I have never experienced any problems with it, so there is no word not to believe in USDT tokens, especially if during a market correction, USDT tokens are very reliable for storing assets that already existed before me reuse to trade on multiple exchanges.
Stablecoins are crypto assets that have a stable value. This is because their value is directly tied to fiat currencies, such as the US dollar. and usdt is the best stable altcoin currently in the crypto world, just like you, I also prefer to secure my assets in the form of usdt when seeing the deteriorating market conditions so that at least our money value will be more stable and usually usdt will be a little experience price increases when the market continues to deteriorate this is due to the many traders who convert their assets both Bitcoin and altcoin into usdt and this further increases the demand for usdt.
sr. member
Activity: 1313
Merit: 278
April 27, 2021, 03:25:36 PM
#78
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.

This is great news. I was very pleased when I discovered this news this afternoon. All the same, Tether is more and more justifying his calling and place in the crypto market.
Starting from litigation and ending with the fact that on different blockchains, there are various variations of a stable USDT.

sr. member
Activity: 1008
Merit: 250
April 23, 2021, 03:16:44 PM
#77
It is true that USDT is widely known by investors and non-investors alike, because USDT is the first stablecoin to appear in the crypto world, so of course USDT can be trusted and safe as a stablecoin, I myself have never had a problem with USDT, especially now that USDT continues to integrate with various exchanges and new coins
That's right, as long as I use USDT in several trades, I have never experienced any problems with it, so there is no word not to believe in USDT tokens, especially if during a market correction, USDT tokens are very reliable for storing assets that already existed before me reuse to trade on multiple exchanges.
legendary
Activity: 2268
Merit: 1655
To the Moon
April 23, 2021, 02:58:02 PM
#76
Coinbase in its blog today announced that from April 26, USDT trading will be available on the exchange: https://blog.coinbase.com/tether-usdt-is-launching-on-coinbase-pro-3a1353060e41 And this can really be considered as the recognition of USDT in the US market, although initially USDT will be available on the Ethereum blockchain.
full member
Activity: 728
Merit: 101
April 22, 2021, 12:04:22 PM
#75
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

It is true that USDT is widely known by investors and non-investors alike, because USDT is the first stablecoin to appear in the crypto world, so of course USDT can be trusted and safe as a stablecoin, I myself have never had a problem with USDT, especially now that USDT continues to integrate with various exchanges and new coins
legendary
Activity: 2660
Merit: 1074
April 22, 2021, 08:28:18 AM
#74
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
Getting better in terms of what?

If you assume that having more different platform based tokens for tether, will get bright future for it, then probably you are complete wrong. Personally I do not need more number of platform such new dapps like polkadot (it's future is still a big doubt), but I look for more transparency from tether.

I see they have removed the open auditing page from their website and also they moved their operating head office to new location. When we seek more transparency, they are doing more shadow things.
member
Activity: 601
Merit: 10
Artemis
April 22, 2021, 07:52:34 AM
#73
Yes, right. I also have the same opinion. Because besides USDT has Fiat currency, USDT also has a very strong influence on the world's economic rate. so for it is right if we maintain the assets we have become USDT
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
April 21, 2021, 02:43:06 PM
#72
There is no doubt that USDT is the best Stable coins in the space, thanks to FUD from the competitors some of which are warranted but if not for USDT Crypto market will not be where we are presently. I just feel what Tether team need to do to cement their top position is better transparency and improve in public perception of the coin
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
April 21, 2021, 02:38:56 PM
#71

That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
How can the price of USDT go up? tether was issuing USDT based on the reserved funds, the more reserved funds owned by the tether and the more USDT will be issued by tether.
There will always be restriction to issue stable coin. If that was not backed by 1USDT:1USD ratio and the new USDT will never be printed.

Even if coins like USDT are called stable coins they are not completely stable, they still present movement even if that movement is way smaller than what we see in other coins, I remember seeing USDT trading for 1.03 dollars once although I think there are instances of USDT trading for a higher price and seeing it as low as 0.90 dollars, this is because as we know everything is affected by the supply and the demand and stable coins are not an exception to this rule.

The concept stay the same, stable coin might change in value as you said but not as volatile like any crypto which the value can pump high and really provide huge profits.

It will closely near to US dollar value if not the same due to some adjustments, good for storing your investment while trying to
figure out which coin you wanted to participate and place your money.

Not exempt to the rule but very near in terms of value.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
April 21, 2021, 02:10:00 PM
#70

That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
How can the price of USDT go up? tether was issuing USDT based on the reserved funds, the more reserved funds owned by the tether and the more USDT will be issued by tether.
There will always be restriction to issue stable coin. If that was not backed by 1USDT:1USD ratio and the new USDT will never be printed.

Even if coins like USDT are called stable coins they are not completely stable, they still present movement even if that movement is way smaller than what we see in other coins, I remember seeing USDT trading for 1.03 dollars once although I think there are instances of USDT trading for a higher price and seeing it as low as 0.90 dollars, this is because as we know everything is affected by the supply and the demand and stable coins are not an exception to this rule.
They may move with those cents but that won't change the fact that it's a stable coin. The price that they're saying might be the few cents that they see.

From $0.99 to $1.

Well, if that's what they say about increasing, did they consider it as an investment?
legendary
Activity: 2534
Merit: 1338
April 21, 2021, 01:32:40 PM
#69

That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
How can the price of USDT go up? tether was issuing USDT based on the reserved funds, the more reserved funds owned by the tether and the more USDT will be issued by tether.
There will always be restriction to issue stable coin. If that was not backed by 1USDT:1USD ratio and the new USDT will never be printed.

Even if coins like USDT are called stable coins they are not completely stable, they still present movement even if that movement is way smaller than what we see in other coins, I remember seeing USDT trading for 1.03 dollars once although I think there are instances of USDT trading for a higher price and seeing it as low as 0.90 dollars, this is because as we know everything is affected by the supply and the demand and stable coins are not an exception to this rule.
legendary
Activity: 3108
Merit: 1029
April 19, 2021, 10:25:28 AM
#68

That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
How can the price of USDT go up? tether was issuing USDT based on the reserved funds, the more reserved funds owned by the tether and the more USDT will be issued by tether.
There will always be restriction to issue stable coin. If that was not backed by 1USDT:1USD ratio and the new USDT will never be printed.
sr. member
Activity: 784
Merit: 252
April 19, 2021, 07:24:37 AM
#67
That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
Yes, the price is obviously very good because it has increased from the previous one, but for their own coin making so far I don't know because there is nothing in circulation about it so far.
with a more stable USDT value with steady rising and falling prices. With the risk of being los that is not too big, it makes the holder less worried.
legendary
Activity: 2534
Merit: 1338
April 18, 2021, 12:37:14 PM
#66
I'm still confused why someone hates USDT. This is a stablecoin and this is the most used stable coin in exchanges. So, I personally don't mind enough about this, as long as we can still use it, why not?
And moreover sometimes I can take profits from converting USDT to my local currency  Grin
There are many reasons for this but the two main reasons are that to begin with many of those that came to bitcoin originally wanted to escape fiat currencies because they think they are a scam and the inclusion of a centralized fiat currency to the market is something they do not like at all, and the second reason has to do with the claims of USDT, supposedly each one of their coins is backed by one dollar but those assurances have been put into question and even right now there are some lawsuits against the owners of this coin precisely for those reasons.
full member
Activity: 560
Merit: 105
April 18, 2021, 11:23:59 AM
#65
if some traders or investors want to invest with a relatively small risk then USDT is the right choice because the price movement is relatively stable, but if traders want to multiply their assets, there are lots of attractive altcoin choices to make our investments.
in my opinion, USD is still the favorite choice for some people who are into the world of crypto, including me  Grin Grin
member
Activity: 490
Merit: 11
April 18, 2021, 11:13:35 AM
#64
Tether is becoming the biggest stable coin by market cap and largest trading volume. All coins have ever flowed through Tether.
I noticed that in 2017 there was only around $ 200 million Tether that made Bitcoin reach $ 20k and now there are over 48 billion Tether printed in Bitcoin reaching $ 60k. Tether's rate and Bitcoin's growth, cryptocurrency market capitalization is clear.
Although in the past Tether had many troubles about their money not being met at banks, but the problem has been solved. Tether is a very reliable cryptocurrency right now.
member
Activity: 476
Merit: 12
April 18, 2021, 10:58:54 AM
#63
After reaching a deal and paying $ 18 million for the lawsuit, Tether got stronger as they printed more money. The number of Tether issued is proportional to the increase in market capitalization. There are a lot of DEFI projects that use Tether to lock in liquid tanks so Tether indirectly leverages the crypto space. I believe there will be more blockchains that support Tether.
full member
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
April 18, 2021, 10:06:11 AM
#62
USDT is currently the number 1 regular trading volume in the market that surpasses Bitcoin, Ethereum, Rippe, ... Probably all currency pairs traded with USDT. In my opinion, DEFI is the trend and the new blockchains will have their own AMM, so integrating USDT into different chains will be an advantage for USDT to expand its space.
USDT is a good place to avoid storms during strong market corrections. Today I have seen USDT increase 10% compared to a normal day.
full member
Activity: 1246
Merit: 103
April 18, 2021, 09:46:45 AM
#61
That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
Yes, the price is obviously very good because it has increased from the previous one, but for their own coin making so far I don't know because there is nothing in circulation about it so far.

What you are talking about is very true that USDT is a good token and USDT can be exchanged into US dollars via the Tether Platform.
It should also be noted that USDT is here to protect its users from the high volatility of the cryptocurrency space. and it looks like the USDT developers are not interested in making their own coins.
sr. member
Activity: 784
Merit: 252
April 18, 2021, 07:49:53 AM
#60

That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
April 18, 2021, 06:47:27 AM
#59
my hope is for usdt to sort their loopholes or shortcomings and be transparent about their dealings.
I think they already sort it out I guess. They paid some fine probably just like xrp did but come one this one is so easy provided they are printing a lots of usdt. The announcement or rumors on kusama and dot blockchain is one of the biggest positive news for tether. Maybe some will change their view about it eve though a little.

I would never hold my breath for these things. Tether is highly centralized and they would never want to change the way they do things. Especially not if they could be found guilty of manipulation and cheating and yet only get away with a fine of a few millions when they have made billions and continue to do so.

Why need to change a good business model right?
full member
Activity: 2520
Merit: 204
OrangeFren.com
April 18, 2021, 04:33:28 AM
#58
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
USDT is what I am facing now and guess what ? my timing is perfect because i had converted my Bitcoin to USDT at 62k level and yeah Now the price drops to 54k now and continue falling down now.
Being one of the most renowned currency up to date, USDT established its name as one of the best out there. It's expansion on other network means better service and more options for all of us with lesser fee's I guess.
USDT is perfect as protection and yes , i must admit from being a Hater of USDT now i may say this save my investment .

because i Do believe in Holding but  i also believe in Buying and selling at the same time.
full member
Activity: 658
Merit: 103
April 18, 2021, 04:19:11 AM
#57
Being one of the most renowned currency up to date, USDT established its name as one of the best out there. It's expansion on other network means better service and more options for all of us with lesser fee's I guess.
member
Activity: 588
Merit: 11
April 18, 2021, 04:05:35 AM
#56
Although not much increase like x10, USDT is good for short trading. The +5% increase is enough profit. Also it is safe not so much volatile to dump to the bottom. To be honest I also like usdt. Unfortunately, I don't have much because I sold and withdraw my usdt last couple of days. That day we were in great need, no other choice than to sold.
legendary
Activity: 2254
Merit: 1377
Fully Regulated Crypto Casino
April 18, 2021, 03:42:39 AM
#55
my hope is for usdt to sort their loopholes or shortcomings and be transparent about their dealings.
I think they already sort it out I guess. They paid some fine probably just like xrp did but come one this one is so easy provided they are printing a lots of usdt. The announcement or rumors on kusama and dot blockchain is one of the biggest positive news for tether. Maybe some will change their view about it eve though a little.
full member
Activity: 533
Merit: 100
April 18, 2021, 02:57:37 AM
#54
Yes, i like it, i like USDT. I can sell my coin and as USDT hold a period of time. We all know that the price of cryptos can fluctuate wildly,  USDT can solve this problem. And when the time i need money, i can sell USDT.
sr. member
Activity: 543
Merit: 250
April 18, 2021, 02:55:40 AM
#53
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.
that's one good reason but not to hate, USDT being centralized has it's own benefits.
And besides it is one of the most used stable coin in all of the exchanges that existed especially on Binance, I always use USDT as a pair to alts as I find it much better than using BTC or ETH.

Well, a centralized stable coin can mean a lot of trouble if a government decided to intervene for whatever reason. And also there are people who could let the system collapse within a blink of an eye. Is USDT feasible these days despite the high fees?

Does Tether still offer a version that is not ETH based?
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
April 18, 2021, 02:45:14 AM
#52
Unarguably usdt is the most used stablecoin in the market, I have really enjoyed the trc20 usdt service,  seeing this news makes me excited, usdt in polkadot blockchain will be a big plus to their already verse user base, this is definitely a good moves by the usdt team.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
April 18, 2021, 01:36:14 AM
#51
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
I am not a USDT hater but I am honestly afraid of its reserve back ups.

We know USDT is already available on almost all platforms like we already have ETH/TRX/BNB versions and hence getting into polkadot and other new smart contract supporting platform is not a surprising move in my opinion.

I agree USDT is stable but I am seeing all others like BUSD, GUSD and DIA also doing great. Every other stable coins also performing up to the level best to keep their value around $1 at any instance of time (there could be minor fluctuations of one or two cents up or down and we can ignore that).

I do not agree that just because of adopting new platform, if you say USDT is getting better then that must be a pure shilling. I just need proper auditing for their reserves so that we could trust them without any hesitations.
sr. member
Activity: 1624
Merit: 339
https://duelbits.com/
April 18, 2021, 01:24:22 AM
#50
Since a long time ago usdt we can rely on to hold a stable coin, especially now usdt has expanded its platfrom network with DOT and I believe when the market is experiencing a dump then usdt is the choice to secure our assets and now increasingly confident with the coin, and at this time those who do not like the usdt should be aware that the coin is worth using as a stable coin.
hero member
Activity: 2562
Merit: 577
April 18, 2021, 12:28:31 AM
#49
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.

Community backing is what give any project a strong hold and real support,  usdt has that Community backing and support,  even with the many other stable coin options out there, majority often opt for USDT regardless of what controversy is surrounding the project,
Am glad to see them expanding to more blockchain, it gives opportunity for more usage and even a much bigger support from this community,  my hope is for usdt to sort their loopholes or shortcomings and be transparent about their dealings.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
April 17, 2021, 10:36:05 PM
#48
USDT - Number of Banned Addresses: 390 Banned Addresses
https://duneanalytics.com/phabc/usdt---banned-addresses
Check out these statistics before storing USDT tokens.
The company has no published audit.
They block tokens without explanation.
It is the most popular stablecoin, but caution should be exercised

I do believe the majority of those addresses were coming from scammers or hackers. We know that so well if the hackers will always try to spread its hacked amounts and that is increasing the possibility there would be some addresses that related to the 1 hacker.
legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto
April 17, 2021, 03:21:50 PM
#47
USDT - Number of Banned Addresses: 390 Banned Addresses
https://duneanalytics.com/phabc/usdt---banned-addresses
Check out these statistics before storing USDT tokens.
The company has no published audit.
They block tokens without explanation.
It is the most popular stablecoin, but caution should be exercised
full member
Activity: 1258
Merit: 104
April 17, 2021, 03:19:42 PM
#46
Whatever extra they prints shouldn't affect anybody, USDT works for whatever reason it was built to work for and that's to pegg USD, as far as my 1$ remains 1$ I'm fine with whatever updates they pull off, this is the best stablecoin coin so far I believe
Yes, because the stable coin is the benchmark price will always remain even though there is a slight decline and increase in USDT, it is also followed by the USD currency in general so that the price can be fixed and will not harm those who hold it.
full member
Activity: 1246
Merit: 103
April 17, 2021, 02:52:52 PM
#45
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 don't think it's a matter of hating USDT, but the token always looks stable with movements that slightly touch high prices. usdt is a good token but the token price is always normal.
sr. member
Activity: 784
Merit: 252
April 16, 2021, 10:57:20 PM
#44
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.
It is true that at first glance they are in full control and this is certainly not good. if the usdt could mint the coins they wanted it wouldn't be good
full member
Activity: 1120
Merit: 101
April 16, 2021, 10:24:33 PM
#43
The benefits of usdt holders are increasingly expanding and dominating a lot of crypto, usdt is flying so that it can reduce high gas by exchanging it on usdt, usdt also expands the platform network so that it has good shipping for the future
You are right. Since there are now more options for networks available, I believe there is no reason to doubt USDT. last I heard of their newest network on the polka dot chain. innovation with a better choice due to the cost issues of the ethereum network.
Some of those who doubt are people having transaction fee problems. although many are registered on several networks. but not all exchanges also support some existing networks.
most of them are still on the ERC and TRC networks.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
April 16, 2021, 10:17:48 PM
#42
I'm still confused why someone hates USDT. This is a stablecoin and this is the most used stable coin in exchanges. So, I personally don't mind enough about this, as long as we can still use it, why not?
And moreover sometimes I can take profits from converting USDT to my local currency  Grin
Some rumour going around about how they could print USDT so fast it grows the stablecoin's market capital into top 5 coin with highest market cap, I mean, USDT is owned by private company and it makes sense that people would be curious or even doubtful but now they have published their proof of funds I guess that could answer all the doubt. But at this point, I doubt a company like tether gonna make cheap move like exit scam because they simply too famous to do that and it's just gonna ruin their reputation that they have been building since years like that. I could assume that most of the popular stablecoins are safe to use.
copper member
Activity: 1428
Merit: 253
April 16, 2021, 09:53:11 PM
#41
The benefits of usdt holders are increasingly expanding and dominating a lot of crypto, usdt is flying so that it can reduce high gas by exchanging it on usdt, usdt also expands the platform network so that it has good shipping for the future
You are right. Since there are now more options for networks available, I believe there is no reason to doubt USDT. last I heard of their newest network on the polka dot chain. innovation with a better choice due to the cost issues of the ethereum network.
legendary
Activity: 3108
Merit: 1029
April 16, 2021, 09:38:20 PM
#40
The benefits of usdt holders are increasingly expanding
That's why we have no reason to hate but some people think decentralization is everything when it comes to the crypto but the fact that if centralized exchange site is still become the entity that was holding the largest volume in the crypto market. That proves that the decentralization is not always needed for sure. There's a moment that we don't need the platform or coins to be truly decentralized.
legendary
Activity: 1428
Merit: 1166
🤩Finally Married🤩
April 16, 2021, 02:22:24 PM
#39
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.
that's one good reason but not to hate, USDT being centralized has it's own benefits.
And besides it is one of the most used stable coin in all of the exchanges that existed especially on Binance, I always use USDT as a pair to alts as I find it much better than using BTC or ETH.
hero member
Activity: 1582
Merit: 502
April 16, 2021, 01:43:48 PM
#38
The benefits of usdt holders are increasingly expanding and dominating a lot of crypto, usdt is flying so that it can reduce high gas by exchanging it on usdt, usdt also expands the platform network so that it has good shipping for the future
sr. member
Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!
April 15, 2021, 08:03:16 PM
#37
I'm still confused why someone hates USDT. This is a stablecoin and this is the most used stable coin in exchanges. So, I personally don't mind enough about this, as long as we can still use it, why not?
And moreover sometimes I can take profits from converting USDT to my local currency  Grin
it's because there is some bad news on social media regarding USDT. I think you've heard of it too.
there is a possibility also because the ERC20 USDT is so expensive for transactions. hence some who do not know USDT TRC20 which has lower transaction fees will consider USDT to be a bad asset.
actually nothing different from BUSD and other stable assets.
full member
Activity: 1582
Merit: 132
BK8 - Most Trusted Gambling Platform
April 15, 2021, 06:56:07 PM
#36
I'm still confused why someone hates USDT. This is a stablecoin and this is the most used stable coin in exchanges. So, I personally don't mind enough about this, as long as we can still use it, why not?
And moreover sometimes I can take profits from converting USDT to my local currency  Grin
hero member
Activity: 2002
Merit: 535
April 15, 2021, 06:29:55 PM
#35
As well as that, USDT don't yet have proof (nobody has seen this) that they have their USDT tokens backed up by real USD. This has been a problem for years
This is the biggest problem everyone is telling for years but some of the fools does not even understand the gravity of the issue and they feel like if the protocol keeps on changing the system is getting better. There are a lot of people in the market who does not have any idea about economics nor have real experience in understanding these things and so is the reason you are seeing many fan boys of these shit coins.

now which is why some people dislike USDT but somehow USDT still seem to get away without having to show this proof despite being asked several times already  Shocked
They cannot run all the time and get away with things like that, there will be a time when they will be seized to exists and when that happens people always like to learn things the hard way. 
legendary
Activity: 2534
Merit: 1338
April 15, 2021, 01:57:53 PM
#34
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.
It is very obvious why people do not really like stable coins, the concept of a coin that is backed by a fiat currency is not very solid in the mind of most people, however people could tolerate that but as we know there were accusations against tether about whether or not every single one of their tokens were backed with dollars and even if they still maintain that has always been the case many people do not trust those assertions because it is a similar game than the one governments were playing back when their currencies were backed by gold.
jr. member
Activity: 420
Merit: 1
April 15, 2021, 12:32:57 PM
#33
Yes it is.
Its the safest place where yoyr assets are completely safe from fluctuations of the market.
Its better to convert your assrts in to usdt while a bull market is about to end any time.
So usdt is the best option to ensure the Safety of your assets.
sr. member
Activity: 1582
Merit: 264
Next Generation Web3 Casino
April 15, 2021, 10:46:19 AM
#32
What is the best network for usdt?  People say use tron because its cheaper than eth right?
As far as I know there is Ethereum, Tron and Omni network for USDT.  Of these, USDT transaction fee is lowest and speed is higher in Tron network. So I think Tron network is the best network for USDT.
full member
Activity: 826
Merit: 105
April 15, 2021, 10:36:33 AM
#31
I like Tether, every time they print more money, the crypto market continues to increase in value after a while. Tether has been printing a lot of money since March 2020, their market cap has surpassed 30 billion dollars today, Tether's daily trading volume of today is 145 billion dollars (topping volume of delivery translation on coinmarketcap). Tether has been a transparent stable since they successfully settled the lawsuit in March. I am confident that Tether will continue to help prop up Bitcoin and the entire market in the future.
legendary
Activity: 2030
Merit: 1189
April 15, 2021, 10:11:00 AM
#30
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.
As well as that, USDT don't yet have proof (nobody has seen this) that they have their USDT tokens backed up by real USD. This has been a problem for years

now which is why some people dislike USDT but somehow USDT still seem to get away without having to show this proof despite being asked several times already  Shocked
copper member
Activity: 1428
Merit: 253
April 15, 2021, 10:05:23 AM
#29
it is something that has to happen naturally. Polkadot is the new popular network this year. of course, getting market attention will be very important. and later the user will judge how comfortable they are.
many network options are currently being adopted by USDT. but not all of them provide a pleasant and comfortable transaction experience.
At the moment the USDT TRC20 is the most fun for me.
member
Activity: 182
Merit: 14
April 15, 2021, 10:03:54 AM
#28
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.

You are right here. USDT is in control of over all the stablecoins. Most holders prefer to keep their funds in usdt than any other stablecoins.
Yes, it is a stable coin and HODLing it does nothing for you however just assists you survive in the bear market by converting into it. But, Problem is the owners keep printing extra whenever point they need. There some platforms give you interest in the event that you hold a portion of the stable coins for longer than a month or something like that.



Whatever extra they prints shouldn't affect anybody, USDT works for whatever reason it was built to work for and that's to pegg USD, as far as my 1$ remains 1$ I'm fine with whatever updates they pull off, this is the best stablecoin coin so far I believe
sr. member
Activity: 2156
Merit: 323
April 15, 2021, 09:58:59 AM
#27
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.

You are right here. USDT is in control of over all the stablecoins. Most holders prefer to keep their funds in usdt than any other stablecoins.
Yes, it is a stable coin and HODLing it does nothing for you however just assists you survive in the bear market by converting into it. But, Problem is the owners keep printing extra whenever point they need. There some platforms give you interest in the event that you hold a portion of the stable coins for longer than a month or something like that.


full member
Activity: 1750
Merit: 186
April 15, 2021, 01:17:06 AM
#26
What is the best network for usdt?  People say use tron because its cheaper than eth right?
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
April 13, 2021, 07:43:29 PM
#25
Come think of it, looks like they are dead serious in their attempts at expansion and with that they would be able to make the stable coin grow to billions in market cap in a very short time. That will make a lot of people be suspicious of their motives but nevertheless, it is a good move to expand to more and more platforms. I am not sure what's in store with the stable coin for the next few years but I am pretty confident that USDT is here to stay.
hero member
Activity: 1834
Merit: 566
April 13, 2021, 07:17:27 PM
#24
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.
Centralization is not always bad as long as the authority keeps everything transparency and clean. The main reason people hate usdt because of many shady activities, not because of the centralization. And even though it is criticized, you cant refuse its benefit of making cryptocurrency trading smooth.
Centralization will be bad at some point and if the authority keeps every transparency now, there's no guarantee that the system will remain the same in the future when they see that the crypto is affecting the trust and the usage of their Central Bank Digital Currency. Have you not know that's the reason why the Chinese government never support Bitcoin and the last time decentralization was among the reason why Satoshi created Bitcoin then.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
April 13, 2021, 05:01:34 PM
#23
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.
Centralization is not always bad as long as the authority keeps everything transparency and clean. The main reason people hate usdt because of many shady activities, not because of the centralization. And even though it is criticized, you cant refuse its benefit of making cryptocurrency trading smooth.
hero member
Activity: 2184
Merit: 531
April 13, 2021, 04:57:52 PM
#22
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?
As someone using USDt just to secure your profits for a while until you move into another coin you are not risking a lot with this stable coin but don't use it as a store of value. It's not fiat money! Having USDt does not equal having USD. You're holding a company promise that they are solvent and will pay you back, you are not holding fiat even though they say so.

Quote
It's still the best stable coin I've known till date,  Wink

The biggest market cap doesn't mean the bast. They have so much because they're probably printing USDt with no backing just to have more investment possibilities. If I had the ability to make money out of thin air I'd do it and buy other things with it like gold, fiat money and bitcoin. They're probably doing the same and we won't know about it until the system collapses.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
April 07, 2021, 06:06:58 PM
#21
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 
There are many things that could go wrong, a government or a collective effort could seize USDT and they are not known to display any form of transparency and if they are seized and if you are holding the coins you have zero value and do you think it is not possible, just search about Liberty Reserve and how that stable centralized currency was seized by the actions of multiple government agencies, you will get an idea that it is possible Tongue.
legendary
Activity: 2408
Merit: 1442
April 07, 2021, 02:46:09 PM
#20
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

Despite its sultry reputation, Tether is doing remarkably well from a marketing/tactical standpoint.

Too bad that such mistrust of users exists  Roll Eyes  (and there are reasons for this, notably the vagueness that has existed for so long around the way funds are backed up)
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
April 07, 2021, 01:54:48 PM
#19
They're expanding the protocol so that everybody can have the option to choose which is better and which has the lower fees.

I think this is very good for those who usually use USDT for their trades and usually convert into this coin. I'm not into and I know that they're centralized and can freeze addresses that have been used for illegal trades and hacking.

It's the most liquid stable coin, no doubt.
legendary
Activity: 2268
Merit: 1655
To the Moon
April 07, 2021, 01:44:33 PM
#18
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.

Despite the centralization of USDT, which is negative from the point of view of decentralization, we see the development of this stablecoin in the cryptocurrency market. Now it would be impossible to provide liquidity using only decentralized stablecoins. Therefore, the extension of USDT to the Polkadot and Kusama blockchains is logical.
full member
Activity: 926
Merit: 100
April 07, 2021, 01:00:42 PM
#17
I think USDT is the best stable altcoin right now, I prefer this altcoin as alternative to secure the money that I have, because when other altcoins are down USDT can survive in every way, many exchanges use USDT as medium of the exchange because it provides free fees.  Transper,
legendary
Activity: 3094
Merit: 1069
DGbet.fun - Crypto Sportsbook
April 07, 2021, 11:20:14 AM
#16
USDT has became so large that noone could ignore it. The largest boost in my opinion came after it moving to tron blockchain. When the gas fees were high, ETH based stable coins like USDC and TUSD were nearly unusable while USDT provided a free transfer between exchanges and wallets. I try my best to not hold USDT and prefer BUSD but BUSD has one of the lowest coverage outside of Binance and you are left with no options.
sr. member
Activity: 1386
Merit: 250
1XBit.com
April 07, 2021, 10:56:43 AM
#15
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.
I personally make usdt an alternative coin to secure the money that I have when other altcoins dump in the market, because like you, I also think that usdt is the best stable altcoin right now but as an investment of course usdt is not a good choice because it is Its stable movement is certainly not possible it will provide great benefits for us as traders and usually USDT will be a little more active in moving up when the price of bitcoin and other altcoins moves down because when that happens many traders will convert their assets into USDT so that demand for USDT will increase rapidly.
sr. member
Activity: 2030
Merit: 323
April 07, 2021, 10:36:22 AM
#14
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
Some of the people who are hating USDT are doing so because of how it is and there are some reasons why.
The first reason that some of them hates tether is that it is centralized and is not even hundred percent backed by the US dollars, but can be backed by any other assets, and some people are feeling that the USDT is heavily being pumped by the company or devs that runs it, so they feel that it is not reliable. That’s why there have been a lot of people talking bad about them as of recent. It all depends on you and what you like, if you don’t like USDT there are many other stable coins that you can be making use of and if you like it, then it’s up to you to be making that decision for yourself.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
April 07, 2021, 01:20:41 AM
#13
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.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
April 07, 2021, 01:00:45 AM
#12
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.
full member
Activity: 1148
Merit: 116
April 07, 2021, 12:53:40 AM
#11
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
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
April 07, 2021, 12:17:40 AM
#10
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.
member
Activity: 1218
Merit: 49
Binance #Smart World Global Token
April 06, 2021, 11:57:10 PM
#9


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.
full member
Activity: 791
Merit: 139
April 06, 2021, 11:48:35 PM
#8
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.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
April 06, 2021, 10:27:57 PM
#7
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.
hero member
Activity: 2282
Merit: 505
April 06, 2021, 10:19:46 PM
#6
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.
legendary
Activity: 2254
Merit: 1377
Fully Regulated Crypto Casino
April 06, 2021, 09:53:19 PM
#5
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.
hero member
Activity: 1722
Merit: 801
April 06, 2021, 08:27:20 PM
#4
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).
legendary
Activity: 3108
Merit: 1029
April 06, 2021, 11:42:15 AM
#3
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.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
April 06, 2021, 11:25:55 AM
#2
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.
member
Activity: 181
Merit: 14
$CYBERCASH METAVERSE
April 06, 2021, 11:20:23 AM
#1
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
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