Which stablecoin do you trust the most? - page 7.

X-ray

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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.

BUSD and USDC, these stable coins are the reliable stable coin that fully audited and USDC was also issuing by the very trusted party.
As far as i know there's no a serious problem with USDT and im still actively using USDT as my base pair to trade in the market or store my asset into the stable coin form.
I just vote for those stable coins.

youdacapt

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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.

You have made very good choices; i as an individual likes the tether usdt to a large extent because it makes it easy for me; i can easily withdraw trc20 tether usdt to my wallet from any exchange platform at a very low fee. having it in mind that storing in an exchange is not good enough. Dai is also good; but i am not sure you would want to pay eth charges

jimmywh

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Quote from: ?? on ??

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.

For now I still like USDT stable tokens, I still believe in them, so I still keep USDT up to now,
so if I may know what concerns have you heard about USDT so far?

If you look at the article jawhead is linking to, my concerns are pretty much summed up there.

Jawhead999

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I prefer to hold DAI because it's decentralized and can't be frozen.

USDT is centralized, can be frozen and not 100% backed with real USD fiat, so it will be more dangerous to hold rather than USD. Even though it's on top 3 market cap and has many holders, but both of them aren't guarantees to say it's safe.

Read more here [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

jimmywh

member

Activity: 140

Merit: 22

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.

Topic: Which stablecoin do you trust the most? - page 7. (Read 1124 times)