Topic: Which stablecoin do you trust the most? - page 5. (Read 1156 times)
What worries you about USDT coin? I personally am not too worried about saving thousands of dollars in USDT. In fact, I once kept $ 2000 in USDT to minimize the risk of loss and it wasn't bad, and in the end I changed some to convert it into other cryptos for several reasons including trying my luck with other coins. so I think USDT is safe for your money.
As of now, even though USDT had its fair share of blunders, Tether is still the most flexible ALT in the market and is the one go to from exchanges both DEX and CEX. I always use it with my BTC day trading.
I am using USDT as well. It is available in almost all exchanges and it is the preferred currency used for some ICO too. Further more I can easily transfer it without fees using USDT on Tron network. So a win win for all.
People should not "trust" stablecoins, they are not crypto currencies and they are only stable currencies that you use instead of having the money in your bank account. Back in the day it was harder to move fiat around in the crypto world, you could had fiat in your exchange if you want to move moving fiat from one exchange to another exchange was difficult, that is the only reason why fiat was created, plus it was harder for altcoin exchanges like binance to actually list fiat, now not so much but when they first started you couldn't get your money back from them to your bank account, so things like USDT was created for this reason only.
If you have to trust a company with your money, that is already wrong and that is already gives you a huge risk, the moment that company says "sike, we got your money" and leaves you have nothing to do, and there is absolutely no guarantee they won't exit scam, it is too risky.
If you have to trust a company with your money, that is already wrong and that is already gives you a huge risk, the moment that company says "sike, we got your money" and leaves you have nothing to do, and there is absolutely no guarantee they won't exit scam, it is too risky.
Usdt is one of the best stable coins though it has some negative rumours in the market. But if you don’t want to take risk you should better to hold in dai. Its a good alternative for usdt. But there is a problem with dai. You know the eth transaction fee. Its the main problem
In usdt you can easily make transaction in trc20
In usdt you can easily make transaction in trc20
As of now, even though USDT had its fair share of blunders, Tether is still the most flexible ALT in the market and is the one go to from exchanges both DEX and CEX. I always use it with my BTC day trading.
I wouldn't call it a blunder if they purposely produced usdt again without being backed up at a 1:1 $ ratio. Btw, now I still use USDT in small amounts myself, as long as they are proven innocent, I think USDT can still be trusted 
In my opinion the best stablecoin to date is USDT and see even though there is a lot of FUD but everyone still uses it, but if you still have concerns you can use USDC or DAI as another option
As of now, even though USDT had its fair share of blunders, Tether is still the most flexible ALT in the market and is the one go to from exchanges both DEX and CEX. I always use it with my BTC day trading.
True, USDT is still in a good category to use as well as in terms of other transactions as well, because there are so many platforms that support USDT at the moment, so it can really help its users.
There could be multiple things to consider when talking about conversion to stable coins. The best stable coin that I have found that seems to be worth it is USDC. All the regulations and stuff about it are really 1:1 unlike USDT. If we are talking about who has the most users and applications everywhere and anywhere in the market, it's USDT. Most of the markets have it and most people are trading with that as their base currency.
I think it's not just because you trust it but because of the more opportunities, it gives you to trade in the market. Most of us have no say with what we think about this coins but just use it because it's more practical.
I think it's not just because you trust it but because of the more opportunities, it gives you to trade in the market. Most of us have no say with what we think about this coins but just use it because it's more practical.
I'll go for UST because of its liquidity but if you have some concern that it might be possibly frozen, then you can diversify it with DAI.
Make a choice or choose both, but I believe as long as you are not violating any regulatory requirement, you wouldn't face a problem, good luck.
Make a choice or choose both, but I believe as long as you are not violating any regulatory requirement, you wouldn't face a problem, good luck.
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?
Converting the profit of alts into Bitcoin is the best option , IMHO. Also, there was a issue between Bitfinex and Tether which is now solved as bitfinex repay the loans which is taken from Tether. But DAI would be a great choice if anyone want to convert alts into stablecoin.
As of now, even though USDT had its fair share of blunders, Tether is still the most flexible ALT in the market and is the one go to from exchanges both DEX and CEX. I always use it with my BTC day trading.
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.
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.
I don't trust any when it comes to cryptocurrency, they are centralized which means, anything is possible and there is like chance of seizing one asset. There was news yesterday how tether froze an illegal fund which was trace to be USDT exploited from yearn finance vault.
If that was to be bitcoin, it can be seize. It's not as if I am in support of fraud, I just detest anything that has to do with centralization but since tether is mostly used in all exchange, I used that the most but don't hold them for long term.
I trust USDT and USDC because I can clearly see and read about the projects online, been centralized makes them more transparent to me, it's normal to doubt ,that that's what makes everything looks good, SEC was once on USDT but that don't works out in the end, Binance and other top Exchanges
If a project is here to peg USD 1:1 then why the need for decentralization? There is nothing to hide here and centralized stable coins can't run their business without proper documentation, they can't hide anything and every eye will be on them, it's no surprise that top platforms trust USDT more
I trust centralized stable coins more because the centralized part is what makes every sense here, stablecoins are to be pegged with real USD right? USD is centralized as we all know it and the most near identical USD in digital form on the blockchain must be centralized, don't take this personal, it's just how is see things
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.
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.
People use USDT because the rest of the stablecoins are not significantly different from them. USDT has been on the market for a long time and has already established itself as a more or less reliable asset. People trust Tether despite all the scandals and gossip because they don't see a good alternative.
For now, I am still using USDT in converting my altcoins to fiat currency. I have done this transaction several times and I have never had a problem, both in terms of cost or speed.
I would not keep any significant amount of money in USDT. They have been known to freeze accounts without explanation. People have lost millions for using USDT. This coin should be shunned in the community now IMO. DAI is the best option we have at the moment, other than DAI I would recommend HBD (HIVE BACKED DOLLAR) to use HBD you must have a HIVE account on HIVE.BLOG or sign up on hiveonboard.com
source:
https://cryptobriefing.com/tether-can-freeze-destroy-your-usdt/
https://www.coindesk.com/tether-froze-300k-of-stablecoin-hacked-after-victims-left-wallet-keys-in-evernote
https://news.bitcoin.com/tether-freezes-millions-of-dollars-usdt-40-addresses/
source:
https://cryptobriefing.com/tether-can-freeze-destroy-your-usdt/
https://www.coindesk.com/tether-froze-300k-of-stablecoin-hacked-after-victims-left-wallet-keys-in-evernote
https://news.bitcoin.com/tether-freezes-millions-of-dollars-usdt-40-addresses/
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.
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.
In general, I do not really like stablecoins, but if I choose, then I'm for Tether. Today I had to buy a USDC to participate in the Razor auction, but I'm still not sure if I will participate - the pricing is not clear there, the auction continues. And the USDC will remain lying, maybe I will throw it back to the exchange.
Let's all look at the risk side, if decentralized stable coin vanished today that's the end, there is no clue where to find the scammers since it's decentralized, this makes me thinks that decentralized projects are even more shady and dangerous, USDT was once accused of many things in the past but that's because they are centralized, making them and things around them more transparency
One of the rare comments in this topic that shows the other side of story! I like when people are aware of all facts before making any decision, not just about "good facts"!
I like USDT more than other stable coins, just because I got used to it... I was thinking many times to change that, but for now I didn't make that step! Simply I use USDT for quick getting in/out from the trades, and I never hold it for too long!
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