Topic: USDT news： is it for attack or defense? (Read 209 times)

To begin with their was no need of fiat backed tokens as their should be direct exchange between usd, euro and gbp should be offered by exchanges and i have seen this being offered by some exchanges and if all exchanges start offering it crypto will become direct market and ithink adoption will increase as well.

Looking back at the past, around one year ago (I don't remember when such news appeared) there was news that Tether arbitrarily launched as means to boost Bitcoin price to it's all time high range. It's just a theory, but that news forced Bitcoin price decreasing dramatically. This time, I don't think we should be affected seriously with this recent news on Tether. Crypto affected by news, so we should practice and prepare our determinant mentality with likely 'bad news'.

Usdt would be the biggest thing in this world, usdt would be the famous usd in crypto in here. Thether is already booming around.

You are actually saying the truth, I am not really a fan of tether because I knew that they lied about the reserve that have, but I still use them to trade between other coins and it has always been giving me a lot of profit since it's a stable coin and other coins are not stable, if you understand well how the market works, it is possible to make about 10% profit daily trading between tether and other unstable coins, check out out and give me feedback.

You can't really be alone in anything in cryptoworld. Unfortunately for tether they were the first one and they carved up all the market for themselves in stablecoin however when other coins started to come up they realized they will have to innovate and now tether is in trouble to fight for their market share of course. Look at tron for example, ethereum was covering most of the market all by itself but than tron came up and tried to get some of the market cap. That is why I think not being the first one is advantageous in the financial world.

You get to see the market first hand and how big it can get and than you can work towards getting a bit of the market for yourself but when you are the first you both fight to create the market and not to give up your market share.

I also think is good news for Tron holders, and maybe in future the price will grow more even before bull run but depends if other people will invest and will bring much money on market.

It's might be a good news to see a low valatile coins like Tron. But having low volatileeans it would have a low profitability. I would prefer risking some money on a much volatile investment or coin to have a chance to have a higher gain.

If exchanges would start accepting PayPal or some other payment system that can be easily used and widely accepted foronline payments and can be withdrawed to your bank card almost instantly.
We already have the fiat system that doesn't force us to trust some shady 3rd parties like Bitfinex administration the emission of token. Reinventing the same thing is a pretty bad idea.

USDT is the safe haven of crypto traders when the crypto market is uncertain and I'm one of them.

for me, Tether is one of the stable altcoin nowadays and of course it has competitors that wants to imitate or even beat it to the ground and that's good because it's for the betterment of the technology and to us who uses cryptocurrencies.

Are they not that popular anymore for them to create decisions like this?

I dont get it. There is a competition and it would be helpful for the market, but yet they want to be left alone again and that is why they created this kind of trend.

So what?! They are the only one to be trusted?
I dont vote for this kind of Stablecoins. I still would rather pick bitcoin to ETH and vice versa. 

Tether is (and the others are) cumbersome to use beyond the confines of an exchange. I have come to the conclusion there is nothing to expect from these "stablecoins" until they can make one with its very own blockchain.

So yeah, useful for trading pairs, but nothing else.

My opinion is that the USDT has very little time left to live - there are already a very large number of exchanges that support fiat money and every month more and more.
P.S. we see the beginning of the end of the USDT ...

I earned small profits by trading TRON sometime back, but I don't really like it honestly. Tether is another coin surrounded by controversies which is why I am not interested in their partnership in the slightest.

Even though competition is fierce among stable coins as op pointed out, their volatility still leaves a lot to be desired.

This is great news for Tron holders. It can help holders and traders reduce the risk of market volatility since tether will be integrated in Tron blockchain. We might see tron moving taking places near ethereum, this will push ethereum to focus more on development. A healtht competition that can benefit the whole market.

On March 5, Tether, announced a partnership with the Tron foundation to launch a trc-20 compliant USDT on the Tron blockchain in the second quarter of this year.
Cointelegraph believes that TRON has positioned itself as a competitor of Ethereum. Combining decentralized finance with the broader Internet ecosystem. The TRON indicates that the addition of Tether will enhance its existing Dapp ecosystem, enhance dex mobility and improve overall value.

Recently, the TRON ecology has released a new upgrade. On March 1st, Justin Sun said that the TRON officially released Odyssey-v3.5 and realized protocols such as TIP12, TIP16 and TIP17. Next, the TRON community containing SR nodes, exchange nodes, and API nodes will be upgraded to version 3.5, called the qinghai consensus upgrade.

Last year, through the wholly-owned acquisition of BitTorrent, the TRON ecological expansion took an important step. In the beginning of 2019, the BTT token based on the TRON protocol was launched. BTT opened the crowdfunding for 15 minutes and the 59.4 billion BTT dumped on the Binance Launchpad platform.

Stable coins
On the Tether side, according to Cryptocompare data, Tether currently ranks 7th in market capitalization and still holds a large share of the stable coin market. However, since last year, more and more stable coins have been pouring into the market and competition is fierce.

A paper published by John Griffin, a professor of finance at the University of Texas. and Amin Shams, a graduate student, said that the price of Bitcoin and other mainstream cryptocurrencies rose in 2017. Largely by several players such as Tether and Bitfinex. Behind the price manipulation, Tether has a crisis of confidence and the USDT has slumpped.

Then, Firecoin announced the launch of its own stable coin HUSD. According to the release, the new HUSD solution currently only supports four stable coins, but the USDT is excluded.

Under the pressure of increasing market pressure. Tether may also hope to secure its own stable coin market share by cooperating to occupy the TRON ecology.
https://tron.venapi.net/wp-content/uploads/2019/04/image-26.png