Topic: We need USDT? (Read 161 times)

If all exchanges are connected and support fiat money, I think we don't need to tether or other stable coins to become any pair in exchange.

if the USDT is at a dollar level, there will be no rise. it's been a long time. I think new investors will come to market with such volatility.

USDT gives more stability to the  crypto, it can become an alternative way to the traders save their money when the market was getting a big bearish trend. We need stable crypto but the latest fake news about tether was giving a lot of fear to all of tether holders. Binance has confirmed it if that was a fake news.

In my opinion, I think we need USDT because one of the issues with regular crypto coins such as those in the market lead (BTC and ETH) is instability. This price/market instability instigates most of the worries experienced by these crypto users which to me seems like the main scaling limitation. In retrospect, USDT's stability minimizes these concerns and for a crypto future, we need stable cryptos.

Well I honestly think we need the stable coins whether USDT, PAX, TUSD or whatever. What I've seen today shows that there are a lot of people still in crypto and these stable coins have all helped to keep funds safu. Anyways, they're all crypto and so we hope for the better for them.

Realistically speaking i don't think any crypto coin can be stable, anybody can decide to sell at price that pleases the trader, it is not a Centralized coin price is decided by market.

The price of Tether should not necessarily be $1 as we could see today. When the trust in Teather decrease
there is no demand for it and the price can go below $1 despite that it is backed with $ in ratio of 1 : 1

There was  a fake email today, that Binance will  delist Tether. It caused some confusion on the market. The price of USDT
went below $0.9  and that lead to increase in price of other cryptocurrencies that are pared with Tether.

Stable coins had a positive impact on the market, yes. But we have to risk the danger they contain for the market. If this money doesn't have a counterpart, it could be a big problem.

Previously, there was only USDT, now many have been created and many more steblcoins will be created. I believe that this will have a very positive effect on the cryptocurrency market. Personally, I will not keep everything in one coin and will try to choose for myself several stebcoins. What do you think can be trusted more than others?

After this market become rugulated and more stable we wount need any stable coin at all. I hope it will be sooon.

Really, Do we need? First of all, Tether has a bad imposition on the market now. For the last few weeks, everyone was talking about a possible Tether problem. And today we saw a show. Bitcoin showed the sky before. Behind the ground with the same speed!

in the conditions of such crazy market volatility, stablecoin is good tool. Not every crypto-exchange exchange exchange gives such an opportunity to trade in pairs to the dollar, so stablecoin is an excellent option. Although regarding USDT I have some doubts, but I don't see a big threat, the main thing is not to store all the investments in USDT.

For today we need it, but we could choose between 4 stable coins - Trueusd, Geminiusd,  Usdt and one more, forgot the neme..)

I don't think true USD, Gemini or other stable coins are much safer than Tether USDT.

They are all cryptos and you can never fully trust them in this early stage. Most probably you won't encounter problems but you never know.. It's better to be safe than sorry. Always be in control of your funds and watch the market closely.

If usdt is really backed by physical usd then i think sooner or later it will come out of the fud that was created in the market today but most of the experts are not confident about usdt so may be it will be reolaced by some other more transparent usd backed coin like tusd, gemini or otherstable coins.

We need true USD, not a fake USD like Tether.

First, please read this :

USDT is a cryptocurrency asset issued on the BTC blockchain via the OMNI Layer Protocol. Every USD Tether is backed by a USD held by the Tether company which can be redeem via their platform.
Why we need USDT ?

1.It protects you from volatility: No matter what the cryptocurreny market does, USD Tether will always be at a similar price, as it's anchored to the USD. One USDT is always backed by one USD.
2. It's extremely valuable when the market dips: If the market dips, you want to be ready to buy cheaper crypto currencies. The only way to do so is to have USDT. For more information how to make money with the dips ongoing these days: https://steemit.com/bitcoin/@crypto-insider/bitcoin-will-collapse-this-july-make-money-out-of-it-usdusdusd
3. It minimizes the risk of your portfolio: If you wish to minimize the risk exposure of your portfolio in a specific moment, changing to USDT minimizes highly that risk
4. You can leave your uninvested money without assuming risk: Very often you do not want to take your money out of the cryptospace, and you are also not sure what currency to invest in. USDT suffers no losses, as it's backed, and it's perfect to wait for the correct timing and currency.
5. Faster than Fiat: If you have USD, EUR or JPY, it will take a while until you can change them for bitcoin. But if you have USDT, EURT or JPYT (Tether currencies), you can immediately change them for bitcoins or other cryptos!

Today, USDT dumped, because 1USDT = 0.96USD, so wrong. 1 USDT must be 1 USD, no more - no less.
We really need USD in crypto market, but Tether did their job so bad.
I found some name : USDC, TUSD or PAX. Can we trust ? Share you opinion there