Hello everyone, personally, I think that it makes no sense to keep coins such as USDT or USDC, since it is better to immediately exchange these coins for others such as Ethereum or Bitcoin, or there are a number of other promising coins. As investments in a promising coin such as Bitcoin or Ethereum or Binance can bring excellent returns.
Who guys will invest stable coin for long term hold? I don’t think anyone will do that. There are many reasons we need to keep stable coins most of the time it’s for short term when we see bear market and need to keep stable your money or to reduce your loss. Definitely i agree with you BTC,ETH and BNB is most promising coin to big return in long term. 
Topic: Which one is best and safest STABLE coin? (Read 577 times)
I Think, USDT coin is good and safest in market right now.But some times it depends on exchange what is available.Also BUSD coin is good and safest.For me,I'm Using many times in USDT.i don't any problem Using both stable coin.i usually use USDT and BUSD coz transaction fee are too cheap.
One should have an eye on the possible future regulation of stablecoins and their issuing parties. USDT is already under investigation and I would avoid holding large amounts of it from now on. But also other stablecoins could move into the focus. Never forget that all funds can be frozen or become worthless in the worst case!
Many investors are still confused to be able to identify the best and safest stable coin in the market. DAI is still remain the best coin to invest in this season of profits making. Since I started investing on DAI coin, it hard me to feel unhappy with my investments no matter what has happen to the market that is making other customers not to be happy, I will not be among those customers . Now that the end of the year is approaching many investors will be rushing DAI coin to invest because they know it very well that it hard to fail during this month of November.
USDT coin is also a good coin but DAI is still the best stable and safest coin in the market right now, because many marketers has just confirmed that coin as the best in the community. It is well stable and reliable in terms of long term investment.
USDT coin is also a good coin but DAI is still the best stable and safest coin in the market right now, because many marketers has just confirmed that coin as the best in the community. It is well stable and reliable in terms of long term investment.
Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
I think DAI is a good choice. It is a really decentralized coin! Notice that. However, you can still rely on USDT, there is no proven reason against it yet.
So far USDT coins are very secure, the alternative is USDT on other networks such as USDT(Tron), USDC(SOL), BUSD(BSC). The purpose of USDT is to freeze assets usually to avoid unwanted things like money laundering or illegal transactions. The problem of USDT is the netted ethereum which is very expensive every transaction. I usually use BUSD to get cheap transaction fees.
I've been using USDT for 2 years without any problems. The analogy is that each stable coin has the same purpose, only differentiating the platform provided. Stable coins are just intermediary coins for us to buy other coins on different exchanges depending on the policies of the country. all just need how we control the storage safely
Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
For me, it depends on what is available on the exchange that I am using at the time and since I am using Binance more, I just trade to BUSD or my local Fiat since that too is available on Binance. This means I don't have anyone preferred stablecoin since I believe that the entire crypto trading itself is risky and I try to move to personal wallets instead of exchange wallets.
In my experience, USDT is a very safe stablecoin, because I have been using it since 2018, and I didn't find any problems at all, even though a lot of negative news has developed during this time but until now USDT is still holding on, and the growth is very promising. , so far we have found a lot of stablecoins in a crypto, but I don't dare speculate with them because I have never tried to invest and use them.
I've been using stable coins for almost 3 years and I think the best is Tether, high accuracy even when the market drops or rises significantly, besides Tether I also use BUSD to store assets in the BSC network and for the others I have not tried.
I believe that all Stable Coins are the same in their essence, you need to diversify and keep in a few. As practice shows nothing bad happens to them, you need to focus on safe storage in the first place.
Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
Haven protocol XHV is secure stable asset option that cannot be frozen
https://havenprotocol.org
Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
For me, Busd and USDT, maybe because I've been using it for a couple of years now, and so far so good my experienced.
And even up to now even every time I made a trading activity most often do this thing actually. And I think even USDC is also
a good one as stable.
For a secure stablecoin we use of course usdt although a lot of negative news about usdt but until now we can still rely on it as a stablecoin, although usdt can be frozen but this is not a big problem for now, usdt is very good to make transactions and we can always rely on, but to choose another stablecoin DAI is one that we can use because the coin is decentralized and for now there is no problem that in the face of the stablecoin.
I guess DAI is the only decentralized stable coin, correct me if I am wrong!
I use BUSD mostly, easy and cheap for moving around, good for my gambling activities! Also good for staking and farming at Binance... two advantages! OP should consider staking BUSD while he waits for the next bull run! Nice way for generating more profit!
this is the advantage of using BUSD as it is backed by binance. and if anything goes wrong, you will be covered by their SAFU. in terms of USDT, i am not really confident with this stable coin holding long term as i started to doubt when they admitted couple of years ago about their financial backing - their stablecoin is not fully backed by their USD assets. so how sure are we that they are now fully backed? remember their circulating supply is about 74B, which means, they should have that corresponding amount of USD assets. aside from the fact that they can freeze your account.
you can also opt for DAI, as it is decentralised. but is there really the best and safest here? maybe, it depends also how you keep those coins to safety and keep up with their updates.
Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
I keep using USDT(Tether) until now , whenever i wanted to convert my funds from regular crypto to Stable coin USDT is my place for years now it has been safe. so yes i will recommend tether for you to keep safe your funds .as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
Just make sure that you know when to re enter and when to withdraw.
For a secure stablecoin we use of course usdt although a lot of negative news about usdt but until now we can still rely on it as a stablecoin, although usdt can be frozen but this is not a big problem for now, usdt is very good to make transactions and we can always rely on, but to choose another stablecoin DAI is one that we can use because the coin is decentralized and for now there is no problem that in the face of the stablecoin.
I guess DAI is the only decentralized stable coin, correct me if I am wrong!
I use BUSD mostly, easy and cheap for moving around, good for my gambling activities! Also good for staking and farming at Binance... two advantages! OP should consider staking BUSD while he waits for the next bull run! Nice way for generating more profit!
Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
Maybe Pax Dollar is one of the stable coins, but they are not listed on many exchanges. The main blockchain sources are Ethereum and BSC. Whereas Tether is located on various blockchains, so your reach to hold it is easier compared to other stable coins. Can all of that be frozen, of course yes. Because they are suing not blockchain, but the crypto provider company. Apart from Bitcoin, all crypto is under the company's service. Only Bitcoin is anonymous, and cannot be contested. When it comes to crypto, only Bitcoin is safer from intervention, while other crypto is not safe, ownership is clear. Reducing and increasing the amount of crypto proves that crypto is not safe, or can still be fully controlled.
From the marketcap tether is most used in stablecoin transaction and it's also available in many exchanges.
But for me those stable coins that mentioned by many people on this thread are fine because we are not planning to hold a tether for a long time instead of just holding when market bear and starts buying coins again later on.
But for me those stable coins that mentioned by many people on this thread are fine because we are not planning to hold a tether for a long time instead of just holding when market bear and starts buying coins again later on.
DAI is the best out of the listed stable coin.
For a secure stablecoin we use of course usdt although a lot of negative news about usdt but until now we can still rely on it as a stablecoin, although usdt can be frozen but this is not a big problem for now, usdt is very good to make transactions and we can always rely on, but to choose another stablecoin DAI is one that we can use because the coin is decentralized and for now there is no problem that in the face of the stablecoin.
Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
as you mentioned in the thread above, USDT, USDC, BUSD, DAI are altcoins that have stability and are also safe altcoins to be stored in the long term. if you hold several altcoins as mentioned above then the profit is very minimal in investing. I have a little advice for you, Cardano or Ada is almost the same as other stable coins, but you can also find many advantages when holding Cardano in the long term. as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
DAI is the best out of the listed stable coin. The only problem is that it is listed on very less exchanges.
You are contradicting to yourself. How can DAI be the best, and simultaneously be traded only on few exchanges? This instantly crosses out all the advantages DAI have. Besides, you did not mention any advantage of DAI that it has over other stables. What are its main benefits? Decentralized community? Every community easily can become centralized or managed by group of others. Dont forget that DAI is based on Ethereum blockchain. Nowadays everything with Ethereum equals expensive. And that reflects on DAI as well. Whenever you, other person or devs wants to do with DAI - it will be expensive for everyone.
DAI is the best out of the listed stable coin. The only problem is that it is listed on very less exchanges.
I think there is no safest stable coin, what we have as far as security of stable coin is concern is the security of the chain they are in. Stablecoin on ethereum and to some large extent bsc are safe. The continue operations of stablecoin is another issue that will persist. There are controversies about the backing of cryptocurrency stablecoin whether they are real or made up. What is important however is that stablecoin help to manage your cryptocurrency profitably!
A stable coin that is backed by BTC is one of the best for me. Dollars on Chain or DoC is a 100% bitcoin collateralised stable coin that offers all the bitcoin features but with no volatility. It is built on rsk network that is a side chain for bitcoin and is 60% merge mined by bitcoin miners. One of the most highly secured network and never been hacked before.
USDC, BUSD and DAI, it depends which one you prefer either centralised or decentralized, I'm excluding USDT because it's not trusted 💯 but it's one of the best and most used stable coin in crypto space, if you keeping your fund for long term I trust binance BUSD more
I am making use of stablecoins only for short term based trading and I will not plan up anything with stablecoins until we are having a truly decentralized one.
Truly decentralised Stablecoin will be hard to come by because it's ability to be a Stable coin will be affected if it is decentralised. Stablecoins are not Crypto since they are pegged to fiat.
USDT will remain the Stablecoin of choice for a very long time, reason is that it is widely acceptable and also it is crosschain.
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
Until we are having a truly decentralized stable coin, more stablecoin will be safer for long term holding. For example, tether is a corporate based stabelcoin and if a government shutdown their business, then all tether native coins and tokens will become zero volume due to massive dump.I am making use of stablecoins only for short term based trading and I will not plan up anything with stablecoins until we are having a truly decentralized one.
I'm just worried about USDC and others for me all the same i.e. they are equally good for this type of stablecoin. Even though USDC can be frozen, I think it still has other alternatives such as not holding it for a long time.
Well there's a bunch of stable coins out there so if it will gonna happen probably i will choose BUSD since i used binance to trade. Actually i never heard such information about Tether USDT because i fell secured when it comes to it and ever since before i have no problems with it. Indeed mostly projects nowadays is relying with TRC20 because of fees and speed.. If it will gonna happen perhaps it's big problem for everyone who keep making transactions using tether everyday..
I usually receive USDT (TRC20) for my salaries and other gigs most of the time and so far no problem until now. However, it is centralized in which it can be frozen anytime without warning but it's stable and widely popular for cryptocurrency traders. Sometimes I receive BUSD and DAI, but haven't tried USDC yet.
I think the same as you, in fact most of my transactions I try to do based on USDT, especially when changes are going to be made to FIAT, but lately due to some projects I have been working with BUSD and the experience has been very good, really the transaction is fast and reliable.
Currently, none of the stablecoins are totally pure (it is not only currency) they have their mix in crypto and I don't know to what extent this will be good, but I have seen that USDT did not reappear a strong fall, also the mix with crypto helps you .
When i hear the name of stable coin . There are two coin wich come in the mind #1 busd #1 usdt. There are so many other stable coins but these two are more trustable than others. in the market the rumors about usdt but over all there is no danger.
I think USDT is the safest coin. Alternatives may be some such as BUSD, USDC, USDT(tron). Perhaps why the USDT Party can freeze USDT so that no money laundering or other legalities occur. It's all for the safety of the community.
There's no need to write USDT(tron) because it's just a network option that has been supported by USDT in the past few years, because network support in USDT has started to grow now, not only limited to Tron, but there are also others. 
I think USDT is the safest coin. Alternatives may be some such as BUSD, USDC, USDT(tron). Perhaps why the USDT Party can freeze USDT so that no money laundering or other legalities occur. It's all for the safety of the community.
What ever stable you choose to interact with, just make sure that the fees is kind accommodating, I mean the transaction fee because I don't get why they will call cryptocurrency a revolutionary solution to traditional ecosystem while her own price is something that isn't favourable, I hope this becomes addressed by everyone because it looks like only the richer get richer in this game.
DAI is a crypto asset built on the Ethereum blockchain programmed to have the same value as the US dollar. With its stable value, DAI is often used for trading crypto assets and as an investment instrument.
For me there are only two stable coins in which I believe more than any other USDC and USDT. Tested by the time of coins, which have not yet given reasons to doubt, maybe there is still, but I did not hear about it. If there are new projects that deserve attention to will read this topic.
I usually receive USDT (TRC20) for my salaries and other gigs most of the time and so far no problem until now. However, it is centralized in which it can be frozen anytime without warning but it's stable and widely popular for cryptocurrency traders. Sometimes I receive BUSD and DAI, but haven't tried USDC yet.
The issue with centralization is true, but that is the trade-off right? They are smooth to use, efficient, cheap. If you take algorithmic stable coins there is risk involved, you are usually subject to volatility and also to a required collateral.
I have never had a problem with USDT (TRC20) either and I also like BUSD just because I think that Binance is too big to fail and extremely profitable so why should they scam their users.
I usually receive USDT (TRC20) for my salaries and other gigs most of the time and so far no problem until now. However, it is centralized in which it can be frozen anytime without warning but it's stable and widely popular for cryptocurrency traders. Sometimes I receive BUSD and DAI, but haven't tried USDC yet.
Anyone who says that USDT is the safest has no idea what the safest means. Even BUSD is safer because it is backed by Binance and we all know Binance is a great place and they are more trustworthy than a company called "tether" that has absolutely no other product. Tether just gets your money, puts it into other stuff that could be sold quickly and has liquidity, make a small portion of profit from it, and gives you nothing at all.
The moment they lose some of that money means that they are not backing USDT and that is very risky. On the other handBinance is a company that makes billions all the time, they could simply just allow people get paid and make that back eventually anyway from the trading fee profits.
Here I agree with you because BUSD is really better idea then going into USDT which is never been good idea I am also having some serious issues with this in last few weeks, so now I am also going to change this into BUSD which is backed by Binance, and we have some good confidence on this exchange instead of Tether.The moment they lose some of that money means that they are not backing USDT and that is very risky. On the other handBinance is a company that makes billions all the time, they could simply just allow people get paid and make that back eventually anyway from the trading fee profits.
If someone doesn't want to go with BUSD then there is another better stablecoin available in market which is DAI it's also having very good use case we can go with this instead of Tether, but please still do some your own search before using any coin because it's much better than going with other's opinion.
I think I prefer Dai as it's some what decentralized up to a point! Busd is neither here nor there, it is used and operated by binance and back by pax company! Usdt is the most notorious out of the three stablecoin I have mentioned here, it's surrounded by controversies and they have not been able to refute many of those!
Anyone who says that USDT is the safest has no idea what the safest means. Even BUSD is safer because it is backed by Binance and we all know Binance is a great place and they are more trustworthy than a company called "tether" that has absolutely no other product. Tether just gets your money, puts it into other stuff that could be sold quickly and has liquidity, make a small portion of profit from it, and gives you nothing at all.
The moment they lose some of that money means that they are not backing USDT and that is very risky. On the other handBinance is a company that makes billions all the time, they could simply just allow people get paid and make that back eventually anyway from the trading fee profits.
The moment they lose some of that money means that they are not backing USDT and that is very risky. On the other handBinance is a company that makes billions all the time, they could simply just allow people get paid and make that back eventually anyway from the trading fee profits.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Well, a lot of controversial articles has circulated on the internet concerning how unsafe usdt is, but the irony here is that it's still the most used and the most liquid stable coin around in crypto atleast for today, it's the most listed stable coin on exchanges, I mean there practically no centralized or decentralized exchange without usdt listed on it, I believe this is why it's the most used of all stable coins not minding the whole unsafe things people say about the currency.
For me, I honestly can't from a personal point of view say which stable coin is totally safe or unsafe, but I do know that I wanna be on the safe side, and people have said alot of good stuffs concerning DAI, so personally, I choose DAI as my preferred stable coin due to its full decentralized nature, but the con is that DAI isn't as liquid as usdt which makes transacting with it a bit of a hassle right now.
For me, I honestly can't from a personal point of view say which stable coin is totally safe or unsafe, but I do know that I wanna be on the safe side, and people have said alot of good stuffs concerning DAI, so personally, I choose DAI as my preferred stable coin due to its full decentralized nature, but the con is that DAI isn't as liquid as usdt which makes transacting with it a bit of a hassle right now.
And the my advice is that anyone want that who secure there funds so who easily buy USDT.
I think USDT is stable but the risk is on the Fed's radar and then the impact of CBDC is probably the government's next option. Currently, the market base has expanded quite a few highly scalable compatible stable coins. It may still take time to figure out who will outperform USDT, but for now USDT is still the most important position if deciding to accumulate it. That means the risk when USDT will be higher in the near future. 
In this case my personal idea is that there are many stable coin but the most secure stable coin is USDT in all the stable coin .
And the my advice is that anyone want that who secure there funds so who easily buy USDT.
And the my advice is that anyone want that who secure there funds so who easily buy USDT.
Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
PAYB is definitely a good choice for long-term investment. Low market cap and certified rug proof. With their innovative Polkadot bridge which connects BSC to other Blockchains, we're about to get to the moon pretty soon. Grab a bag of PAYB and let's start the party! as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
USDC was good for a while but it is also good for small transfers from exchange A to exchange B. 
As for me, the best solution for those who have really many stable coins is to diversify them. It means that you have a part in USDT, in USDC, in DAI and so on. You know that the most popular one is Tether even despite a lot of bad news about its collateral and that your account can be frozen, but people are still using it as it is one of the most convenient options. But personally I would rather trust a decentralised stable coin, for example DAI.
for what you said about usdt indeed I am completely right because there are some problems about it but this I think will be very good when there are freezes like this when their reasons are acceptable such as being exposed to hackers or fraud etc.
but for the other stablecoins I think they are all the same as USDC and BUSD but I prefer BUSD when looking at stablecoins.
at least with this I can still trade daily when the market is in a correction problem
but for the other stablecoins I think they are all the same as USDC and BUSD but I prefer BUSD when looking at stablecoins.
at least with this I can still trade daily when the market is in a correction problem
~
Got this thread made by mk4 regarding that stablecoins can be frozen. https://bitcointalksearch.org/topic/updated-psa-most-stablecoins-can-be-frozen-even-in-your-own-wallets-5204055I never held that much in stablecoins anyway, but I was thinking of back when I was day trading. Kind of scary that getting your funds frozen is inevitable to some coins.
one knows when will the next bull run start then use DAI. For short term period use USDT. If you are not doing any illegal activities with your USDT then it will not get frozen.
As a stable coin i use USDT and also i always use USDT for trading pair, i always convert my altcoin to Usdt as for secure but i don’t understand that what is the relation between usdt bull run.
Until now I only use Tether because I think it's what I want, for speed and price I feel 100% stable compared to BUSD which sometimes drops 3% even though it's normal again but it takes quite a long time.
The presence of stable coins allows us to immediately transfer assets instantly, this reduces the risk in case of a red market, and I have been using Tether and BUSD for 2 years because they are proven to be more secure, this is what makes Tether transaction volume the largest beating bitcoin.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
There's always a pros and cons on each stablecoin, Token freezing can happened on other centralized stablecoin too like BUSD. USDC is the safest stablecoin in my opinion but as usual in crypto space, Anything can go wrong once there's an unforseen event happened to the stable coin you are holding. USDT is dangerous yet its still good to use it since its a big stable coin and no one can take it down within a day just like what happened on XRP, despite there SEC problem, They manage to move forward and leave there case as is. This too is same to USDT, they will have time to depend themselves and holders can always react because it has a lot of volume on exchange to catch the sell-off if ever it will occur.
Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
What also needs to be considered regarding USDT is the fact that we can not be safe anymore if every USDT that is minted by them is still backed by a real US Dollar because back in 2019 they changed the wording regarding that from "Every USDT is backed by a real USD" to "We have enough reserves to back every USDT minted with a real USD". So we don't have any possibility to verify this reserves and if they exist we don't know in what form those reserves exist.
Personally i have switched to USDC a few months ago. USDC belongs to coinbase and they are, as a US company, audited pretty regularly so the reserves for USDC should be safe.
The idea of USDT freezing those funds that came from hacks can't be removed to everyone that it can also freeze funds of anyone at their will.
DAI is decentralized and it may not be the safest in the opinion of others but it is decentralized.
DAI is decentralized and it may not be the safest in the opinion of others but it is decentralized.
If they can freeze our funds then it's not safe to store it there regularly we can only use it temporarily if we run out of choice. right now we have many more choices like the BUSD, USDC, and others which are also backed by the price of USD. I think it's best to also diversify our assets when we have a huge amount of cryptocurrencies to avoid freezing it in a single stable coin where we don't have any authority or free will to unfreeze it. It's the best thing that we have some kind of alternatives to avoid such problems in the future.
And it's all up to you if you're going to save your wealth through USDT. But for me, I won't. I might use them just for trading.
But if it's about keeping my other assets and converting it into another stable coin, I won't choose USDT.
All are good but Tether is the most well-known stablecoin in the crypto world. It is backed by gold, traditional currency and cash equivalents. Tether is also known for its security and smooth integration with crypto to fiat platforms. Mine opinion is this.
It survived the may crash this year, so I think it has proven it's success.
Even Tether got a few crash in its lifetime. I think it's hard to conclude that a token will last forever just because it survive one or two hiccups, but definitely a good indicator for short/mid-term decision. At the end of the day, it's quite stupid/risky if you decide to hold stable coin for years since the regulation is not yet clear. Who knows, maybe next year you won't be able to hold stable coin unless you do some KYC check on the project website.Hello everyone, personally, I think that it makes no sense to keep coins such as USDT or USDC, since it is better to immediately exchange these coins for others such as Ethereum or Bitcoin, or there are a number of other promising coins. As investments in a promising coin such as Bitcoin or Ethereum or Binance can bring excellent returns.
These stable coins are created not for looking for ROI, but to keep your capital when volatility hits. Definitely not the best tool to store your wealth, but it still has its own merits, at least for now.
Hello everyone, personally, I think that it makes no sense to keep coins such as USDT or USDC, since it is better to immediately exchange these coins for others such as Ethereum or Bitcoin, or there are a number of other promising coins. As investments in a promising coin such as Bitcoin or Ethereum or Binance can bring excellent returns.
the safest and good stablecoin for me is DAI. it is probably the only stablecoin that maintains its decentralization. apart from this coin there is no stablecoin that is completely safe. USDT is good because it has a higher adoption rate. but on the other hand this coin is very centralized, as well as other stablecoins. so I don't really believe in stablecoins. it is better to use crypto like bitcoin, even though it is very volatile.
Most of those *stablecoins* can be frozen so withdrawal it to your wallet many not make your funds 100% safe.
USDT is one of most of those stablecoins that have volumes in many exchange but it is not backed by 1:1 dollar so if any big problem happen you may lost your investments.
DAI/UDSC is better than USDT and have some good volumes in many exchanges.
other stablecoins are linked to some exchange and you must avoid them.
USDT is one of most of those stablecoins that have volumes in many exchange but it is not backed by 1:1 dollar so if any big problem happen you may lost your investments.
DAI/UDSC is better than USDT and have some good volumes in many exchanges.
other stablecoins are linked to some exchange and you must avoid them.
I don't really have any preference when it comes to stablecoins. They're all the same to me. Though I try to avoid USDT like the plague as there have been a lot of horror stories with them lately, causing problems to traders that takes weeks or months to resolve.
USDC was good for a while, and is also good for small transfers from exchange A to exchange B, but it is recommended that you immediately exchange it to some other tokens and not keep it as it is as it's still a stablecoin wherein they can do what they want. No reports of USDC being frozen or anything, but just to be safe.
The horror stories surrounding usdt is why I use the stable coin, it means that the project is on extreme watch as we speak and again the team behind the project is known too, if something bad is going to happen trust me it won't be from a project we all expected, I fear decentralized projects more than centralised projects USDC was good for a while, and is also good for small transfers from exchange A to exchange B, but it is recommended that you immediately exchange it to some other tokens and not keep it as it is as it's still a stablecoin wherein they can do what they want. No reports of USDC being frozen or anything, but just to be safe.
UST is by far the most stable and safest. It's 100% backed by the terra network.
It survived the may crash this year, so I think it has proven it's success.
It survived the may crash this year, so I think it has proven it's success.
USDC was good for a while, and is also good for small transfers from exchange A to exchange B, but it is recommended that you immediately exchange it to some other tokens and not keep it as it is as it's still a stablecoin wherein they can do what they want. No reports of USDC being frozen or anything, but just to be safe.
IMO USDC depends how someone use it. If you have USDC stored on your leger/trezor as "bank account", for every exchange you generate new account to not mix them.
Then chance is close to 0% of being frozen. (you just keep it away from exchange and is not in exchange that is all)
Problems may come when you start using that USDC as transaction money,checking account if AML/KYC system of some exchange (like paranoid Bitstamp detects unusual activity) they will froze you all crypto if some chain analis firm will flag your USDC. There are specialized companies making such analyzes.
EU with their AML6 is being paranoid with that so try avoid EU with almost anything that can be seen as suspicious.
Since USDC is from US there is less regulatory problems than having stable from EU.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
Comvert with some stablecoins that can give you profit by only holding them. On Binance Savings Product, the highest one gives a high percentage of APY is Dai, so if youre just gonna hold stablecoin then pick DAI ( If thats fine for your holding it /staking on Binance). But these choices are all good if you go outside of centralized system. But be careful since these stablecoins inst working like the fiat USD. 
I'd probably say USDC for now.
Definitely avoid Tether, because it has been shown to run on fractional reserve and that can collapse honestly at any time.
Others aren't bad either but really you're comparing trash and trying to come up with the best out of a pile of garbage. Just avoid stablecoins altogether. If you need fiat liquidity use bank funds.
Definitely avoid Tether, because it has been shown to run on fractional reserve and that can collapse honestly at any time.
Others aren't bad either but really you're comparing trash and trying to come up with the best out of a pile of garbage. Just avoid stablecoins altogether. If you need fiat liquidity use bank funds.
The safety of stablecoins to me is an absolute trust and there is not much to think about. Most stablecoins are guaranteed, so the risk here is not much, I also see the day not only USD but other stable coins will appear more in the future.
The idea of USDT freezing those funds that came from hacks can't be removed to everyone that it can also freeze funds of anyone at their will.
DAI is decentralized and it may not be the safest in the opinion of others but it is decentralized.
DAI is decentralized and it may not be the safest in the opinion of others but it is decentralized.
If they can freeze our funds then it's not safe to store it there regularly we can only use it temporarily if we run out of choice. right now we have many more choices like the BUSD, USDC, and others which are also backed by the price of USD. I think it's best to also diversify our assets when we have a huge amount of cryptocurrencies to avoid freezing it in a single stable coin where we don't have any authority or free will to unfreeze it. It's the best thing that we have some kind of alternatives to avoid such problems in the future.
For me this time, I am more looking forward to a stablecoin that got a huge volume.
We all know that USDT is the most highest on the list and it is popular and most used stablecoin since the beginning but yeah FUD everywhere about Tether spread especially about the bear run last 2017-2018, some people telling it was because Tether is not backed 100% by USD, FUD.
USDC is the second one, after USDC started to pop and getting noise, I am more now using USDC compare to USDT, it's either on them. Even USDC got some FUD but the market cap and volume of USDC is huge too, so for me, it's either on the TWO.
We all know that USDT is the most highest on the list and it is popular and most used stablecoin since the beginning but yeah FUD everywhere about Tether spread especially about the bear run last 2017-2018, some people telling it was because Tether is not backed 100% by USD, FUD.
USDC is the second one, after USDC started to pop and getting noise, I am more now using USDC compare to USDT, it's either on them. Even USDC got some FUD but the market cap and volume of USDC is huge too, so for me, it's either on the TWO.
DAI is the best out of the listed stable coin. The only problem is that it is listed on very less exchanges. If you are looking for a long term hold because no one knows when will the next bull run start then use DAI. For short term period use USDT. If you are not doing any illegal activities with your USDT then it will not get frozen.
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.ion
DAI was the only answer for your question but i have different opinion about that. I've been using USDT since it was getting introduced and im not feeling any problem with it. This backdoor used to prevent something like hacking fund. it has nothing to do to rob your profit from the market. that's why im not even feeling worry to keep my fund into the USDTI wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
If you're feeling worry with USDT and just go for DAI but i think as long as you're doing good and you should not feel worry even to convert your money into the stable coin like USDT or something else 
Being the most secure in cryptocurrency usdt busd usd usdn etc. All these coins are being minted very stable and the price will never fluctuate. If you don't want to take risks in cryptocurrency then of course you can keep all stable coins. Never value all the coins Will not fluctuate. You can leave with security.
DAI has to be the safest among all you listed above, Usdt is centralized and asset can be frozen and I do not think it is any different firm USDC. BUSD is owned and controlled by Binance exchange and things there are not decentralized either. Which leave us with just DAI and so far it has not been found shady. The only disadvantage DAI could have is that, you might not be able to sell that easily since it is not very popular and due to low trading volume, price could be volatile.
While you are converting your coins, do well not to store them on exchange, instead store them in your personal wallet and hardware if you can get one because they are th safest out there. In preparation for a long period of bear you have to be sure your capital are in good hands and you are the perfect person to handle that not exchanges or centralized wallet providers.
While you are converting your coins, do well not to store them on exchange, instead store them in your personal wallet and hardware if you can get one because they are th safest out there. In preparation for a long period of bear you have to be sure your capital are in good hands and you are the perfect person to handle that not exchanges or centralized wallet providers.
The idea of USDT freezing those funds that came from hacks can't be removed to everyone that it can also freeze funds of anyone at their will.
DAI is decentralized and it may not be the safest in the opinion of others but it is decentralized.
DAI is decentralized and it may not be the safest in the opinion of others but it is decentralized.
I don't really have any preference when it comes to stable coins. They're all the same to me. Though I try to avoid USDT like the plague as there have been a lot of horror stories with them lately, causing problems to traders that takes weeks or months to resolve.
USDC was good for a while, and is also good for small transfers from exchange A to exchange B, but it is recommended that you immediately exchange it to some other tokens and not keep it as it is as it's still a stable coin wherein they can do what they want. No reports of USDC being frozen or anything, but just to be safe.
USDC was good for a while, and is also good for small transfers from exchange A to exchange B, but it is recommended that you immediately exchange it to some other tokens and not keep it as it is as it's still a stable coin wherein they can do what they want. No reports of USDC being frozen or anything, but just to be safe.
Thanks for replying. If it is advised to immediately exchange stable coins to another coin/token then what is the point of converting it to stable coin in the first place anyway???
The only reason to convert a coin such as ETH or BTC to a 'stable coin' is to take profit and hold it for bear market and buy back the original coin. If it is not safe to convert it to stable coin then how can you take profit in the bull run??
Cheers
I don't really have any preference when it comes to stablecoins. They're all the same to me. Though I try to avoid USDT like the plague as there have been a lot of horror stories with them lately, causing problems to traders that takes weeks or months to resolve.
USDC was good for a while, and is also good for small transfers from exchange A to exchange B, but it is recommended that you immediately exchange it to some other tokens and not keep it as it is as it's still a stablecoin wherein they can do what they want. No reports of USDC being frozen or anything, but just to be safe.
USDC was good for a while, and is also good for small transfers from exchange A to exchange B, but it is recommended that you immediately exchange it to some other tokens and not keep it as it is as it's still a stablecoin wherein they can do what they want. No reports of USDC being frozen or anything, but just to be safe.
Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
Jump to: