Which stablecoin do you trust the most? - page 4.

giammangiato

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Quote from: jimmywh on February 04, 2021, 07:30:46 AM

Hey guys,
I plan on selling some of my altcoins in the near future. Instead of converting it to fiat, I will rather convert it to BTC and stablecoins. I hear a lot of concerns regarding USDT, which is why I want to ask you guys what stablecoin you prefer to hold?

Thanks in advance.

if you have a lot of funds I advise you to mediate and divide into three equal parts. Divide everything into usdt, usdc and dai, in this way you will split the risk. You can also think to invest them in lending or staking and earn extra profit from them.

Apostlekin$$$

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I trust USDT even when it's centralized, every decentralized projects are more risky than centralized projects in crypto space today except the popular old decentralized coins like Bitcoin, I know many prefers stable coins like DAI but centralized stablecoins are just more transparent to me than others

adamvp

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My private ranking of stablecoins reliability :
Centralized
1.USDC
2. BUSD (binance usd)
3. TUSD
4. PAX (paxos)
5. USDT
Decentralized
1. DAI
2. USDN

And I am waiting for stablecoins on PolkaDot as it could be a game changer

judaspriest

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C O M B O

Quote from: seramania on February 08, 2021, 09:18:21 AM

why do you have concerns about USDT even though since 2017 I used USDT and there have never been any problems with USDT. So it's just an untrue issue and that worry you should get rid of, so my suggestion is sticking with USDT is a good option

However, not everyone is not as worried about USDT as you do,
but regardless of what you say I think you have a point too that we should be able to get rid of these worries ourselves,
even so he had to decide for himself whether he still believed in USDT or not,
and hopefully the decisions made are correct

adamvp

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Among centralised stablecoins I think USDCoin is most trustworthy, at least of that most commonly used. They are audited reguraly.
From decentralised stables I bet on DAI - however it is as Ethereum token very expensive now and USDN on Waves platform looks good.
Interesting article about stablecoins stability: https://medium.com/coinmonks/how-well-do-the-top-stablecoins-perform-a-quantitative-analysis-c56d022719b

jan.nicolas

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Quote from: ameliana on February 08, 2021, 09:18:41 AM

of some stable coins in the crypto market, I only believe in USDT and I often use it for trading pairs, because this coin can really maintain its stabilization value. so I think USDT (ERC20) is a stable coin which is really decentralized.

May I ask you what your trust in this USDT project is based on? I am not saying that this is a bad project or other things. The fact is that I have not heard anything good from audit companies about the USDT project.

Xxmodded

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SOL.BIOKRIPT.COM

Quote from: nira09 on February 09, 2021, 01:44:19 AM

Quote from: jimmywh on February 04, 2021, 07:30:46 AM

Hey guys,
I plan on selling some of my altcoins in the near future. Instead of converting it to fiat, I will rather convert it to BTC and stablecoins. I hear a lot of concerns regarding USDT, which is why I want to ask you guys what stablecoin you prefer to hold?

Thanks in advance.

So far the stable coin that I use is USDT ERC20 "Tether", although there is some negative news about it, but so far tether can keep its value and become a stable coin with the largest market cap and very high trading volume.
you are right, not converting all your assets into stable coins, but also converting them into BTC

I think better you use usdt trx20 as stable coin for sending to other wallet because without fees transaction, I think you most less your assets when sending with usdt erc20 and running with gas fees transaction, right now you need above $10 each only transaction sending coins and looks not worth if you try send with usdt erc20, better use usdt trc20 without fees transaction and take few minutes transaction success sending.

nira09

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Quote from: jimmywh on February 04, 2021, 07:30:46 AM

Hey guys,
I plan on selling some of my altcoins in the near future. Instead of converting it to fiat, I will rather convert it to BTC and stablecoins. I hear a lot of concerns regarding USDT, which is why I want to ask you guys what stablecoin you prefer to hold?

Thanks in advance.

So far the stable coin that I use is USDT ERC20 "Tether", although there is some negative news about it, but so far tether can keep its value and become a stable coin with the largest market cap and very high trading volume.
you are right, not converting all your assets into stable coins, but also converting them into BTC

Jamesdila1

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No stablecoin pegged to a common currency will give you stability on purchasing power in the long run, inflation's always working against purchasing power of stablecoins

DeathAngel

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#1 VIP Crypto Casino

You shouldn’t have any concerns about USDT, it’s totally legit. The only concern you should have is using a reputable exchange to store it on. Never leave large amounts of any currency on crypto exchanges for too long, you don’t need me to tell you why.

Good luck.

Google+

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Until now, to store assets that profit from cryptocurrency trading, I usually use USDT as the safest stablecoin with a very stable exchange rate in my country. maybe usdt has risks but I realize that nothing is safe and all of them can not guarantee a safe.

Review Master

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Quote from: seramania on February 08, 2021, 09:18:21 AM

why do you have concerns about USDT even though since 2017 I used USDT and there have never been any problems with USDT. So it's just an untrue issue and that worry you should get rid of, so my suggestion is sticking with USDT is a good option

If anyone follow all news regarding USDT, than everyone must know that there was a allegation of market manipulation regarding USDT between Bitfinex and Tether. In short, Bitfinex loaned USDT from Tether and manipulated the whole market back in 2017 to skyrocket whole market. But recently, that loan is paid by Bitfinex and everything is now sorted out.

repear7

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BUSD and USDT.

BUSDT is binance stable coin. Binance always trusted in my eyes. And USDT for a popular stable coin. Maybe USDT is most popular stable coin. So always use those 2 stable coin.

MUG1WARA

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Don't ever listen to bad news about USDT because as long as it's not proven it won't be a problem, anyways, the news in circulation has been around for a long time, but the proof is that until now USDT is still good and this is the best stablecoin till now

carrie_white

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If you want to buy stablecoins, of course USDT is the right choice, but in my opinion, instead of buying USDT, it's better if you buy ETH or bitcoin, because I think for now the two giant coins are still going up.

ameliana

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of some stable coins in the crypto market, I only believe in USDT and I often use it for trading pairs, because this coin can really maintain its stabilization value. so I think USDT (ERC20) is a stable coin which is really decentralized.

seramania

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why do you have concerns about USDT even though since 2017 I used USDT and there have never been any problems with USDT. So it's just an untrue issue and that worry you should get rid of, so my suggestion is sticking with USDT is a good option

arifteguhr

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Usdt is talked about a lot because it prints money, but I myself often use usdt as a transaction. now I use USDT Trc-20 for transactions because the fee is quite low. Compared to the Erc-20 platform, which once sent we have to spend more money for transaction fees. I never took long to hold usdt. because this is only for transactions and not for me to trade. I think there is no risk

oemar bakrie

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SOL.BIOKRIPT.COM

bitcoin is currently showing an increase in any market ..
with the hope that things will get better, it takes patience to be able to benefit..

trauchot

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I have constantly held and keep my investments in USDT and I did not have any problems with this, there are also many other Stable Coins in which you can hold your investments, for example, in busd or in dai, these stable coins are as popular as USDT, therefore, you can also hold your investments in these Stable Coins or you can look for other stable coins, but these three stable coins seems to be the most popular, so here it is up to you to decide in which stable coin to store your investments..

Topic: Which stablecoin do you trust the most? - page 4. (Read 1124 times)