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Title: How safe is Tether.to/USDT? Post by: johnwinds123 on June 13, 2016, 02:49:39 AM Hi everyone,
I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks Title: Re: How safe is Tether.to/USDT? Post by: vlom on June 13, 2016, 08:57:06 AM sorry. but i can't answer your question. because i searched for tether to find an answer to you question...
and because i dont have any experience with Tether.to i will hold my USDT on polo. Title: Re: How safe is Tether.to/USDT? Post by: johnwinds123 on June 14, 2016, 11:19:27 AM Hi vlom,
Isn't that risky to hold money on an exchange? I lost a couple of BTC on MintPal, and almost lost some money on Cryptsy (had to sell coin for Doge at a bad price to get out). Since then I try to never keep money on any exchange (even if it's supposedly safe, like poloniex). Title: Re: How safe is Tether.to/USDT? Post by: mobnepal on June 14, 2016, 05:30:11 PM Hi vlom, It is very risky to trust any one exchanger totally, its better to hold all bitcoin in different exchanger and you can sell them whenever you like and with this you can also do arbitage trading in different platforms.Isn't that risky to hold money on an exchange? I lost a couple of BTC on MintPal, and almost lost some money on Cryptsy (had to sell coin for Doge at a bad price to get out). Since then I try to never keep money on any exchange (even if it's supposedly safe, like poloniex). Title: Re: How safe is Tether.to/USDT? Post by: yudy on July 01, 2016, 02:01:03 PM i think save, but low use tether,
only bitfinex and polo support tether, and tether not support all the world country, several country can't acces and not supported membership and use tether Title: Re: How safe is Tether.to/USDT? Post by: amacar2 on July 01, 2016, 05:39:15 PM i think save, but low use tether, Isn't tether meant to be used globally? Did they also have country restriction, i am also in quite deli-ma just like OP in holding my fiat in tether as i have heard it is also a decentralized platform with fiat backing its value. only bitfinex and polo support tether, and tether not support all the world country, several country can't acces and not supported membership and use tether Beta stage sound really scary to hold, so i think its better to hold in perfect money wallet half and half in fiat form in exchanger. Title: Re: How safe is Tether.to/USDT? Post by: Lagduf on June 21, 2019, 01:47:30 AM i think save, but low use tether, Oh yeah, it's country and not exchange site. Go to the mcap and find how many markets are still accepting tether. https://coinmarketcap.com/currencies/tether/#marketsonly bitfinex and polo support tether, and tether not support all the world country, several country can't acces and not supported membership and use tether Not all of country can't access it because that depends on the regulation that followed by exchange site. If you are talking US and then only a little percentages Title: Re: How safe is Tether.to/USDT? Post by: DebitMe on June 21, 2019, 01:55:14 AM I dont think you can transfer money into tether anyway. Last time I checked it is still locked down for new users.
Title: Re: How safe is Tether.to/USDT? Post by: tsaroz on June 21, 2019, 02:42:02 AM Tether is a stablecoin from bitfinex exchange. They are backed up by the same amount of USD reserve. There were some accusations and problems in its accounting but now I believe everything is settled. They proved they do hold the proper amount to insure the price of the token and Tether is one of the most legit centralized stablecoin to trade with.
Title: Re: How safe is Tether.to/USDT? Post by: Nalbo on June 21, 2019, 02:44:23 AM Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks Tether is the most used and widely accepted stable coin. They have the largest volume among stablecoins and are stabler than many others. Tether is used as a tool by daily traders and also is a mean of making cheaper option for interchange transfer as the withdrawal fees are lower than most of crypto and it retains the USD value at the time of exchange. Title: Re: How safe is Tether.to/USDT? Post by: Tipstar on June 21, 2019, 02:47:01 AM It's in the top 10 by marketcap for a reason. Tether is the first of widely recognized stable coin. There were many others but they were either low in volume or were not able to retain the fixed value while Tether became the first to successfully convince people of its stability. And it's the only stable coin you could find in almost all exchanges.
Title: Re: How safe is Tether.to/USDT? Post by: z21770179 on June 21, 2019, 03:46:03 AM The amount of 10k compared to the value and current circulation of USDT is very small, I don't think there will be any risk with such an amount.
Title: Re: How safe is Tether.to/USDT? Post by: pinoy.bolanon on June 29, 2019, 04:47:41 AM Everything is risky my friend, and there is no solid proof that this project will exist for so long, we all know the game of crypto, some of it, popular at the current time, but after so many months they are gone, i could not say that it would not last long, but my point is that we are aware of what we are doing or taking, but for now, i trust USDT and some of my funds are stored in it in some exchanges as i do some short trading to my coins.
Title: Re: How safe is Tether.to/USDT? Post by: Jpti on June 29, 2019, 05:31:41 AM I think stable coins are the best way to store your bitcoin or ethereum to retain the value of your bitcoin. So stable coins are meant to serve this purpose of the people to store their money and tokens. As far as I know tether is performing well in the market, and it is the old and established coin. I favour this coin.
Title: Re: How safe is Tether.to/USDT? Post by: r_delossa on June 29, 2019, 10:21:01 AM USDT has a bad reputation on this forum, because they do not have a limited supply. They always releasing like 10 million of new coins, without any background and due to this fact a lot of traders are making loses.
Title: Re: How safe is Tether.to/USDT? Post by: ivaf on June 30, 2019, 10:32:29 AM Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks There is an old proven way. Bring your virtual dollars to fiat. And keep them in cash. Well, do not forget about the other stablecoins (for example, TUSD, PAX). Title: Re: How safe is Tether.to/USDT? Post by: Atang Sulaeman on June 30, 2019, 10:49:22 AM what I know for Tether.to/USDT is a stable currency because it follows fiat currencies.
but all risks must be there. Title: Re: How safe is Tether.to/USDT? Post by: martychubbs on July 14, 2019, 10:28:38 PM Hi vlom, It is very risky to trust any one exchanger totally, its better to hold all bitcoin in different exchanger and you can sell them whenever you like and with this you can also do arbitage trading in different platforms.Isn't that risky to hold money on an exchange? I lost a couple of BTC on MintPal, and almost lost some money on Cryptsy (had to sell coin for Doge at a bad price to get out). Since then I try to never keep money on any exchange (even if it's supposedly safe, like poloniex). Title: Re: How safe is Tether.to/USDT? Post by: Belianez on July 14, 2019, 11:02:14 PM I have long been using usdt and never had problems with the fact that the coin did not reach and so on , a lot of negativity about this coin but I think not reasonable , I keep a lot of money in the usdt and do not worry about it.
Title: Re: How safe is Tether.to/USDT? Post by: chocopapaya on July 15, 2019, 12:59:42 AM Unfortunately, I would say, tether is not safe at all.
Also, why would you want to park your usd in tether while btc fluctuates? Wouldn't you rather actively trade to take advantage of those fluctuations. Another thing to consider, is do you even need a stable coin? In a lot of ways, a stable coin can actually work against you. The main reason is that the stable coin is actually not really stable at all. It's only real use is to use it in crypto trading and the market is entirely unstable. I mean, just think of this, keep your usd in a normal savings account, you'll at least get some interest. Title: Re: How safe is Tether.to/USDT? Post by: sorrros on July 15, 2019, 02:14:30 AM With this big sum of money why you do not choose any other alternative? Paxos or Gemini dollar seems like most trusted stable assets with many regular audits.
Title: Re: How safe is Tether.to/USDT? Post by: glendall on July 15, 2019, 02:25:18 AM theter is one of the very good stable coins, even DAI is less popular with thether,
but here I don't want to compare, it's just that if I look at theter it's not a problem as long as the coin function is still running and there are still many large exchanger who want to accept it. Title: Re: How safe is Tether.to/USDT? Post by: dearbesz1219 on July 15, 2019, 02:33:30 AM Tether changed rules and they are not backed 1:1 to american dollar but to other assets and loans. That doesn't look trustworthy for a long term hodl.
Title: Re: How safe is Tether.to/USDT? Post by: asriloni on July 15, 2019, 02:51:23 AM Tether changed rules and they are not backed 1:1 to american dollar but to other assets and loans. That doesn't look trustworthy for a long term hodl. They have changed the rules and they have lost all of the credibility and tether is not a credible stable coin again and look at the latest news of tether and how it can print a new tether anytime and the latest bews said tether is a big scam in the world. the team can print even billion tether anytime. Title: Re: How safe is Tether.to/USDT? Post by: wack slacker on July 15, 2019, 02:55:28 AM I don't like that they constantly print new coins, but you know, usdt is a basement of whole crypto sphere, so crypto depend on it and we should trust to usdt I agree on your point of view. USDT is an intermediary asset to prevent market collapse. When the market collapses, it is better to transfer assets to usdt than to swallow up all markets.Title: Re: How safe is Tether.to/USDT? Post by: wack slacker on July 15, 2019, 02:58:42 AM Tether changed rules and they are not backed 1:1 to american dollar but to other assets and loans. That doesn't look trustworthy for a long term hodl. If considering assets to keep for a long time, surely all investors will never choose usdt because Usdt's ability to generate profits is very low and they only buy usdt to see it as a reserve asset when have investment opportunities and when the market gets worse.Title: Re: How safe is Tether.to/USDT? Post by: ilovealtcoins on July 15, 2019, 03:26:24 AM Tether changed rules and they are not backed 1:1 to american dollar but to other assets and loans. That doesn't look trustworthy for a long term hodl. They have changed the rules and they have lost all of the credibility and tether is not a credible stable coin again and look at the latest news of tether and how it can print a new tether anytime and the latest bews said tether is a big scam in the world. the team can print even billion tether anytime. The crypto market is too small and I realize that every time the market goes up or down, the value of usdt tends to follow. I have witnessed a time of 1usdt with a price difference of 1usd about 1.05 times. Therefore, the issuance and circulation of Usdt requires a larger amount to ensure the stability needed for exchange rates. Title: Re: How safe is Tether.to/USDT? Post by: Maxre on July 15, 2019, 04:44:22 AM nothing is really safe when you are in the crypto scope.
everything can happen and if there is a fluctuation in bitcoin it is natural and depends on how we react. Title: Re: How safe is Tether.to/USDT? Post by: Mikcik on July 15, 2019, 09:03:23 AM Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks Tether is now the stablecoin with the biggest cap, over $ 3 billion, so I think your $ 10k compared to the amount they have is very small. If they go bankrupt, many people die before you j/k :D Title: Re: How safe is Tether.to/USDT? Post by: Red-Apple on July 15, 2019, 11:10:20 AM Tether is "safe" as long as you are only using it as a temporary hedge against the altcoin market during its dumps for example when you want to dump your altcoins to get a fiat value and keep it until the dump ends. as long as the duration is not that long (preferable less than a day) i'd say the risks are low.
also another usage would be to transfer value between exchanges. anything other than that, such as storing it for long term, storing large amounts of money in it,... is the worst idea that you can have. because Tether may not look it but it is really shady and we all know it is centralized and because of that it is very possible that it can disappear some day without warning. Title: Re: How safe is Tether.to/USDT? Post by: dungp3132 on July 15, 2019, 11:16:44 AM There is a drama on USDT, that only 74% of USDT printed from USD or other monetary funds stored in banks. It means there is an assumption that BTC might drop around 30 percent from its current price. However, it is a drama, and I don't believe BTC will fall like this.
Title: Re: How safe is Tether.to/USDT? Post by: carrigan on July 15, 2019, 11:31:12 AM Tether or USDT is a kind of stable coin, isn't it? Actually, it is quite safe to bold, but of course, it may not give you big profits. However, about safe or not, I think every coin has a different chart of their security systems. And so far, there are no big negative issues about it.
Title: Re: How safe is Tether.to/USDT? Post by: Daha19 on July 15, 2019, 11:32:45 AM Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks it is absolutely not safe, it's just candy wrappers that give out for a dollar, I try to spend less time trading to usdt, but alas, on some top exchanges, trading to the US dollar is closed ( Title: Re: How safe is Tether.to/USDT? Post by: OptimusPrime_3 on July 15, 2019, 11:33:42 AM I no longer think tether is safe after they recently minted about 5billion usdt out of nowhere and then burnt it. That wasn't a good News for tether as that shows a huge red flag. I hope they can make better explanation and correct what just happened
Title: Re: How safe is Tether.to/USDT? Post by: AgentZero23 on July 15, 2019, 07:13:52 PM I don't advice you to convert your alt coins to usdt as it is not fully backed by asset as they claimed. They just printed 5 billion usdt and it's not a good sign. Instead convert your alt coins to USDC or Dai because it's much safer and reliable compared to Usdt.
Title: Re: How safe is Tether.to/USDT? Post by: stigmacryptonight on July 15, 2019, 07:27:36 PM I don't advice you to convert your alt coins to usdt as it is not fully backed by asset as they claimed. They just printed 5 billion usdt and it's not a good sign. Instead convert your alt coins to USDC or Dai because it's much safer and reliable compared to Usdt. That's a very good suggestion, I will choose USDC. For conversions from altcoin to USDC, because in my opinion USDC is one of the stable coins that is safe. And now I save all my assets in USDC. Maybe someone can use this suggestion for those who want to secure their assets because the crypto market is not good.Title: Re: How safe is Tether.to/USDT? Post by: ilovealtcoins on July 18, 2019, 03:27:49 AM I don't advice you to convert your alt coins to usdt as it is not fully backed by asset as they claimed. They just printed 5 billion usdt and it's not a good sign. Instead convert your alt coins to USDC or Dai because it's much safer and reliable compared to Usdt. That's a very good suggestion, I will choose USDC. For conversions from altcoin to USDC, because in my opinion USDC is one of the stable coins that is safe. And now I save all my assets in USDC. Maybe someone can use this suggestion for those who want to secure their assets because the crypto market is not good.Title: Re: How safe is Tether.to/USDT? Post by: Cryptostudio.info on July 18, 2019, 06:43:18 AM Many traders convert btc to Tether when btc goes down, I consider it very secure but I normally switch to Pax because its value is always the same or very similar to the value on Bitmex
Title: Re: How safe is Tether.to/USDT? Post by: slaman29 on July 18, 2019, 07:34:19 AM Unfortunately, I would say, tether is not safe at all. Also, why would you want to park your usd in tether while btc fluctuates? Wouldn't you rather actively trade to take advantage of those fluctuations. Those who parked their BTC in Tether during the last ATH would be telling you that they could by 6 times more BTC back when it was at $3k a few months ago. And anyone who parked in Tether 2 weeks ago would be very happy to buy BTC yesterday at 9.2k. It's all a matter of perspective but you're right. I would never trust Tether longer than a few seconds. Title: Re: How safe is Tether.to/USDT? Post by: Drai on July 18, 2019, 12:06:09 PM I don't see any reason why you should be thinking of holding USDT for long term, because it's a stable coin and the price never changes so I doubt you would be making any profits anytime soon... Tether is meant to be held temporarily in my opinion, just something you convert to while waiting for other coins you are trading to stabilize.
Title: Re: How safe is Tether.to/USDT? Post by: crypmon259 on July 18, 2019, 12:14:57 PM I have long been using usdt and never had problems with the fact that the coin did not reach and so on , a lot of negativity about this coin but I think not reasonable , I keep a lot of money in the usdt and do not worry about it. Negativity about usdt has a fair point. Their audit report is doubtful , they say they keep in real estates and bitcoins , there s not details about this. Only talking about keeping in usd reserves is not really cutting the point. and the most strange thing is they just keep on minting tokens as they like . Its like they are holding bitcoins , then minting more to pump again bitcoin price. Its fairly been established Tether s used for pumping btc price big time Title: Re: How safe is Tether.to/USDT? Post by: StatesManG on July 18, 2019, 12:23:06 PM I would say that I got confused about Tethers salty after their last saga of minting 5billion USdt out of nowhere. It only means that they don't have any specific total supply and could mint any amount of token at anytime which is not safe for cryptocurrency in general
Title: Re: How safe is Tether.to/USDT? Post by: pinoy.bolanon on July 18, 2019, 12:44:54 PM Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks Ive been trading USDT in binance for a quite some time, and i never experienced any difficulties regarding my deposits and withdrawals, but of course we have different experienced and expectation to a coin, but most of the time that i used this coin, i never had any problems at all, i dont know the others, but this is just based on my own experienced. Among all stable coins, id still recommend USDT. Title: Re: How safe is Tether.to/USDT? Post by: tebzzz on July 18, 2019, 12:47:52 PM I would say that I got confused about Tethers salty after their last saga of minting 5billion USdt out of nowhere. It only means that they don't have any specific total supply and could mint any amount of token at anytime which is not safe for cryptocurrency in general yes, that's what happened. this is a stable asset, and it will not be different from fiat money. they are free to duplicate and re-create the amount that exists and circulates in the market. but I think developers will definitely calculate how to control prices so they don't become too expensive or too cheap.Title: Re: How safe is Tether.to/USDT? Post by: Bitcoin Seller on July 18, 2019, 06:59:41 PM Unfortunately, I would say, tether is not safe at all. Also, why would you want to park your usd in tether while btc fluctuates? Wouldn't you rather actively trade to take advantage of those fluctuations. Another thing to consider, is do you even need a stable coin? In a lot of ways, a stable coin can actually work against you. The main reason is that the stable coin is actually not really stable at all. It's only real use is to use it in crypto trading and the market is entirely unstable. I mean, just think of this, keep your usd in a normal savings account, you'll at least get some interest. I would stay away from Tether. Cryptocurrency capitalization is calculated by the number of tokens in circulation and the size of the reserve. Coinmarketcap says that Tether’s market cap is now equal to $ 4 billion. It turns out that the reserve can formally support the value of these tokens. According to some experts, the bulk of this money is already offshore. In this case, the Tether capitalization is a simple fiction. Title: Re: How safe is Tether.to/USDT? Post by: beerlover on July 19, 2019, 11:36:39 AM It is not safe actually. People do not realize this fact but if every single person in the world wanted to cash out their tether to either dollar directly or even bitcoin, tether company will not be able to cover all of it. First of all they do not have cash that can cover even half of it, they do not posses that much cash at all, they have very few amount just to keep some people happy that want to cash out but not many of them.
On top of that they have a lot of investments to stable things like bank interests and simple stocks and bonds etc all over the world so they would have to sell them, and even after that they do not have 1 to 1 ratio anymore. So long story short tether is very dangerous and is a ponzi, if we all end up trying to get our tether we will realize that the real value of tether is 0.7 cents on 1usdt not 1 dollar. Title: Re: How safe is Tether.to/USDT? Post by: 0verseer on July 19, 2019, 11:40:05 AM Nothing is 'safe' in cryptocurrency, yes that's include Tether USDT.
Don't hold too much USDT only if you plan to cash out at later. Title: Re: How safe is Tether.to/USDT? Post by: adamin1i on July 19, 2019, 11:51:06 AM Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks The speculation about Tether is never over. I've always heard negative news about him since I've known him. I do not trust him too much and do not use as a stablecoin Title: Re: How safe is Tether.to/USDT? Post by: Rengga Jati on July 19, 2019, 01:19:11 PM I have also read the comments of some people that Tether as stable coin tends to be like shit coin. Where more and more days have little development, even rarely have progress. But of course there are many contradictions for those who like the function of stable coins for various interests, especially payment methods, Regarding safe or not, I personally don't really understand.
Title: Re: How safe is Tether.to/USDT? Post by: hell_slayer on July 19, 2019, 02:28:31 PM If you have even the slightest doubts about the reliability of Tether, then just do not use it. Tether was needed by the market as a stablecoin, but now it has enough alternatives, so you can freely use any stableblecoin you trust.
Title: Re: How safe is Tether.to/USDT? Post by: fullhdpixel on July 23, 2019, 01:58:29 PM Well for now, tether is still very strong and can be trusted for the moment, but it is impossible to tell the future of some of these stable coin, and I believed more in tether after the bitfiniex issue with government and transparency challenge they had about the services of tether which even landed them in court, but none of these issue affected tether.
I think tether has come to stay strong for the time being, but before I can quickly conclude on this is when their new rival arrives the market, then I can know if they will be strong enough to withstand the storm or not. Libra coin is also a stable coin, and Libra coin will really gain more popularity and usage than these other stable coins, and until it’s release, we will, then know if they can stand Libra or not. Title: Re: How safe is Tether.to/USDT? Post by: Iykecollinz on July 23, 2019, 03:16:02 PM Being worried about the fact of the effect of more tether printing, I would consider sharing among other stable coins to be at least on more safer side, Binance about five different stable coins to hedge fund, Usdt, Tusd, Usdc, Pax, Usdsb
Title: Re: How safe is Tether.to/USDT? Post by: MidnightWolf on July 23, 2019, 06:46:21 PM I believe that any cryptocurrency carries with it a certain risk and therefore I control all my assets in order to react in time to any situations in the cryptocurrency market. Of course, such stable coins as USDT help to avoid large losses during the fall of the cryptocurrency market, but nevertheless even this coin is monitored by me, although I believe it most.
Title: Re: How safe is Tether.to/USDT? Post by: Caishen_Project on July 23, 2019, 07:38:58 PM Keeping funds exchange is one of the greatest risks in crypto, although we have exchanges that we can trust but since crypto is not yet regulated, exchange owners can do anything. But lately why researching on how to keep my BTC safe and that I can easily convert to usdt during dip, I came across enjin wallet, am still reading about them to know how decentralised they are.
Title: Re: How safe is Tether.to/USDT? Post by: mannybitcoins on August 01, 2019, 06:07:22 PM Tether is a stable coin. It is very widely used. It is a good coin and also in the top 10, and is holding that position for a reason. (Well until Libra, the stable coin by Facebook, comes in ). 10k doesn’t seem that much money in terms of the what exchange are dealing with. It will have minimal risk, I believe. But do your research thoroughly. The points made by pinoy.bilonon are spot on, you should consider them too. Everything has a risk involved.
But according to my opinion, Tether is after all among the top 10, and widely used stable coin, so you be the judge. Just do your research thoroughly before putting your money into anything. Just remember, everything has risk in it, especially this crypto world. Best of Luck, mate. Title: Re: How safe is Tether.to/USDT? Post by: BQ on August 01, 2019, 06:12:36 PM There's a lot of attention on Tether from the New York Attourney General for example, and it's not going to end well.
A better choice is to just place your funds in real fiat, this is offered in many exchanges. CoinMetro (http://coinmetro.club/) will be offering 30 fiat currencies natively for withdrawal/deposits and pairs for example Title: Re: How safe is Tether.to/USDT? Post by: bkbirge on August 01, 2019, 06:25:24 PM What is the use case for stablecoins in general? Is it just a way to trade in and out of positions on exchanges that don't have a fiat gateway? Or is it a way to avoid capital gains tax since you don't actually convert to fiat? Not sure I see the benefit, can someone kindly explain?
Title: Re: How safe is Tether.to/USDT? Post by: crypmon259 on August 12, 2019, 01:41:17 AM There's a lot of attention on Tether from the New York Attourney General for example, and it's not going to end well. A better choice is to just place your funds in real fiat, this is offered in many exchanges. CoinMetro (http://coinmetro.club/) will be offering 30 fiat currencies natively for withdrawal/deposits and pairs for example Exactly was my point , Tether has been manipulating and minting tokens without any audits like there s not tomorrow .Its generally extremely fishy , and they are fooling people into thinking that its real USD like tokens. Title: Re: How safe is Tether.to/USDT? Post by: bryant.coleman on August 12, 2019, 03:17:01 AM If you have even the slightest doubts about the reliability of Tether, then just do not use it. Tether was needed by the market as a stablecoin, but now it has enough alternatives, so you can freely use any stableblecoin you trust. There are no stablecoins out there, which we can trust 100%. Earlier I used to trust Tether, but later it was proven that they didn't backed up their tokens 100%. Bitfinex used funds from the Tether backup to cover its own losses. That makes you wonder whether any of these stablecoins are reliable. Now the Tether market cap has zoomed past the $4 billion mark. And to this date, they haven't completed external audit from any of the reliable third party vendors. There are other stablecoins out there such as USDC, TUSD, GUSD and PAX. But after the bad experience we had from Tether, how is it possible to trust these coins? And one more thing. A recent analysis revealed that more than 80% of all the Tether tokens are being stored in just 318 addresses. This should rise enough eyebrows in my opinion. There is no other cryptocurrency out there, which has such a skewed distribution. Not even Ripple, which is regarded as the most centralized crypto. Title: Re: How safe is Tether.to/USDT? Post by: dungp3132 on August 12, 2019, 05:55:11 AM There are no stablecoins out there, which we can trust 100%. Earlier I used to trust Tether, but later it was proven that they didn't backed up their tokens 100%. Bitfinex used funds from the Tether backup to cover its own losses. That makes you wonder whether any of these stablecoins are reliable. Now the Tether market cap has zoomed past the $4 billion mark. And to this date, they haven't completed external audit from any of the reliable third party vendors. I totally agree with your perspective. It is true not only for stable coins, for Tether USD in particular, but it is true for other things in our lives, especially in crypto market. If biggest exchanges like Poloniex, Bittrex can tail off and lose their market significantly within short period; it is possible to see Tether USD lose its position as the biggest stable coin in the future. Tether USD recently has upgrade or tried to bring more convenience to users, by switching partially to TRON, Ethereum network, rather than sticking with OMNI as it originally built. It's a good move, but not a guarentee for Tether USD's future growth.There are other stablecoins out there such as USDC, TUSD, GUSD and PAX. But after the bad experience we had from Tether, how is it possible to trust these coins? And one more thing. A recent analysis revealed that more than 80% of all the Tether tokens are being stored in just 318 addresses. This should rise enough eyebrows in my opinion. There is no other cryptocurrency out there, which has such a skewed distribution. Not even Ripple, which is regarded as the most centralized crypto. Title: Re: How safe is Tether.to/USDT? Post by: kindbtc on February 23, 2020, 09:46:27 PM I have found usdt to be fine and i am trading it regualrly without any problem what so ever, also i have read somewhere that their audit report is also ok and it is a legitimate and fiat backed token so many people who were confused must have got the answer now. It is legit that is why it is available at all the big platforms and it has the largest volume in its category of fiat backed coins so there is no question of it being bad.
Title: Re: How safe is Tether.to/USDT? Post by: oscarftw on February 23, 2020, 11:59:18 PM Hi everyone, I was very frustrated when you think that BTC price is very fluctuate. Tether is a stable coin as like others 4-5 stablecoin but tether is the best one. After everything if you can't trust USDT coin than you can only USD which is available in several exchange, of course should use very trust exchange. Although 10K isn't very big amount to hold in USDT because I trust Tether.I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks Title: Re: How safe is Tether.to/USDT? Post by: ahyadinnn on February 24, 2020, 01:12:08 AM I was very frustrated when you think that BTC price is very fluctuate. Tether is a stable coin as like others 4-5 stablecoin but tether is the best one. After everything if you can't trust USDT coin than you can only USD which is available in several exchange, of course should use very trust exchange. Although 10K isn't very big amount to hold in USDT because I trust Tether. Tether is indeed the best for stable coins and in various large markets also applies the Tether market, I often use Tether to buy and sell altcoin because the value is the same so if prices start to fall I will sell it with Tether and buy again at the lowest priceTitle: Re: How safe is Tether.to/USDT? Post by: kayvie on February 24, 2020, 01:30:55 AM Unfortunately, I would say, tether is not safe at all. Do you have any referrence to provide on how and why did you say that tehter is not safe?Also, why would you want to park your usd in tether while btc fluctuates? Wouldn't you rather actively trade to take advantage of those fluctuations. Another thing to consider, is do you even need a stable coin? In a lot of ways, a stable coin can actually work against you. The main reason is that the stable coin is actually not really stable at all. It's only real use is to use it in crypto trading and the market is entirely unstable. I mean, just think of this, keep your usd in a normal savings account, you'll at least get some interest. There are people who wants to avoid the current situation we have right now, it is very unstable wherein they can't predict the flow of the market. They prefer to exchange their tether to btc if the bull run starts. Yes, we do need a stablecoin. It is used to avoid the volatility or the unstable market we have, most investors prefer to keep the value of their investment, though it is based on the amount of USD, it is better than to lose tens or hundreds of dollars in a blink of an eye. Title: Re: How safe is Tether.to/USDT? Post by: moonblocks on February 24, 2020, 04:01:27 AM You can store Tether in your own wallet or one of the more reputable exchanges if you want to hedge against volatility for Bitcoin and any alternatives that are pegged to it and this is often done by day traders and smart investors
Title: Re: How safe is Tether.to/USDT? Post by: hirngespenst on February 24, 2020, 04:22:13 AM It's been 4 years when you made this topic mate but I wonder answer is still the same. No exchange came in these years that we can trust their security blindly and USDT still don't have 100% safety as their some activities look suspicious! If I had 10K USD for hodl, then I would convert that into USDC and hodl in a hardware wallet. If someone asks me about it, I will suggest them the same, because USDC and Hardware wallet is better in every way!
Title: Re: How safe is Tether.to/USDT? Post by: awik p on February 24, 2020, 04:30:51 AM You can store Tether in your own wallet or one of the more reputable exchanges if you want to hedge against volatility for Bitcoin and any alternatives that are pegged to it and this is often done by day traders and smart investors it's better to keep a tether in a personal wallet, so we can take full responsibility for the security of our assets. indeed save on an exchange that has a good reputation is safe, but this will increase the risk, because we entrust assets to other parties. and we don't know going forward about the exchangeTitle: Re: How safe is Tether.to/USDT? Post by: Lantind on February 24, 2020, 04:52:06 AM You can store Tether in your own wallet or one of the more reputable exchanges if you want to hedge against volatility for Bitcoin and any alternatives that are pegged to it and this is often done by day traders and smart investors True, if we want to assess the value of assets that are already in the wallet it is better to save in the form of Tether, because Tether is a very stable token and sometimes those who store Tether can also benefit from a slight increase in Tether prices.Title: Re: How safe is Tether.to/USDT? Post by: davinchi on February 24, 2020, 05:00:40 AM Anything as a centralized-corporate based must be NOT safer to work with as government may seize them at any time. When facebook was first talking about their stablecoins, the American senate people were empathizing about strictly following all the federal things before issuing a stable token because if you want be a bank then you must make yourself a bank first. Migrating an asset with fixed value cannot work. By this way tether may face allegations at any time even they will not be covered under US/European laws.
We can make use of tether and I guess as it is a stablecoin, most of us not holding it. As long as we are not holding them for longer periods, I guess we are all safe with tether right away but anything may happen in near future so get ready to face them at any time. Title: Re: How safe is Tether.to/USDT? Post by: bkbirge on February 24, 2020, 03:04:09 PM Still don't understand the use case for Tether, other than as a temporary place to park value between trades on the ever diminishing number of exchanges that don't settle in fiat.
Title: Re: How safe is Tether.to/USDT? Post by: cabron on February 24, 2020, 03:53:09 PM The only people trust is BTC actually but tether gives opportunity to earn more BTC if a trader just knew what he is doing. My question however is if you get to have a ton or tether stored in your ether wallet, is it safe that USDT will live long until the market once again flourish because if the tether.to end up scamming or seized by government, USDT will be doomed and your money is gone. Is this posible? Title: Re: How safe is Tether.to/USDT? Post by: mich on April 22, 2020, 07:33:03 AM Tether Mints $120 Mln Worth of USDT. Bitcoin (BTC) Price Boost Incoming?
The Bitcoin (BTC) price spikes two percent as Tether prints $120 mln USDT to address future demand https://u.today/tether-mints-120-mln-worth-of-usdt-bitcoin-btc-price-boost-incoming Title: Re: How safe is Tether.to/USDT? Post by: mich on April 30, 2020, 06:13:50 AM Tether just printed another $240m as demand for Bitcoin flourishes
Demand for Bitcoin has been skyrocketing in recent times, with this newfound excitement from investors coming mere weeks before the benchmark cryptocurrency undergoes its highly anticipated mining rewards halving event. https://cryptoslate.com/tether-just-printed-another-240m-as-demand-for-bitcoin-flourishes/ Title: Re: How safe is Tether.to/USDT? Post by: mich on May 05, 2020, 06:55:43 AM Tether Printer Goes Brrrr: 1.6 Billion USDT Minted In April As Bitcoin Recovers From March Loss
Tether, the issuer of the dollar-pegged stablecoin USDT, is in the limelight again as the company’s treasury minted fresh USDT worth more than a billion dollars in a single month. https://cryptopotato.com/tether-printer-goes-brrrr-1-6-billion-usdt-minted-in-april-as-bitcoin-recovers-from-march-loss/ Title: Re: How safe is Tether.to/USDT? Post by: Novatech8 on May 05, 2020, 07:00:50 AM Do not keep coins on any exchanges, they aren't safe, USDT is a stablecoin pegged to dollar but it's Centralized kinda that's why I don't like using it, I think Dai and USDQ are better, anything decentralized are just safer
Title: Re: How safe is Tether.to/USDT? Post by: mich on May 07, 2020, 08:11:22 AM As Tether Supply Hits Record Highs, It Moves Away From Original Home
“At Tether, we truly care for Omni, since it was the first protocol that made Tether possible, and it also relies on Bitcoin security. But we had to give traders what they were asking for.” https://www.coindesk.com/as-tether-supply-hits-record-highs-it-moves-away-from-original-home Title: Re: How safe is Tether.to/USDT? Post by: BlacksmithCorporation on May 07, 2020, 09:53:09 AM There is no 100% security in the crypto space, but I think USDT's security level is acceptable even though it has some issues. Many exchanges list USDT, the top exchanges list it.
Title: Re: How safe is Tether.to/USDT? Post by: CuriousGeorge on May 07, 2020, 09:56:03 AM There is no 100% security in the crypto space, but I think USDT's security level is acceptable even though it has some issues. Many exchanges list USDT, the top exchanges list it. USDT never faces a security problem and all of smartcontract of USDT were fully audited and people should not feel worry about that. This is a trusted stable coin that already traded in all of exchange sites. What issues that you have been talking about? Title: Re: How safe is Tether.to/USDT? Post by: TheICE007 on May 07, 2020, 12:01:10 PM After several years of trading cryptocurrency,I think tether is safe,now if you are a trader, trading bitcoin,in times of fluctuations,I mean when there is usually a dip,with Tether being a stable coin,you can convert your bitcoin to tether and hold,price won't dip futher because it's stable.
Title: Re: How safe is Tether.to/USDT? Post by: ethereumhunter on May 07, 2020, 02:53:11 PM After several years of trading cryptocurrency,I think tether is safe,now if you are a trader, trading bitcoin,in times of fluctuations,I mean when there is usually a dip,with Tether being a stable coin,you can convert your bitcoin to tether and hold,price won't dip futher because it's stable. The Tether can be a solution for people who don't want to see their bitcoin value up and down because Tether value is not up and down too deep. They can hold Tether for a long time until they see bitcoin price is down deeper so they can back to buy bitcoin at a low price. But they need to store the Tether in the other wallet and don't use the exchange wallet because that will not be safe for them. They can send some amount of Tether back to the exchange to buy any coins. Title: Re: How safe is Tether.to/USDT? Post by: mich on May 08, 2020, 07:18:08 AM Tether Held on Exchanges Could Help Forecast Bitcoin Bull Runs
“Most USDT isn't just being taken off exchanges to be stored in wallets or cashed out through a FIAT-based platform like Coinbase. When people aren't using USDT, they most often put it in Bitcoin. And what's cool is the fact that this USDT percentage often fluctuates a few hours or days in advance of BTC's price reacting to it. So monitoring this metric in advance can end up producing a tremendous advantage by catching a sudden fluctuation early enough.” https://cointelegraph.com/news/tether-held-on-exchanges-could-help-forecast-bitcoin-bull-runs Title: Re: How safe is Tether.to/USDT? Post by: TheClownSong on May 08, 2020, 07:43:43 AM Now there are many stable coins that can be used if you can't trust Tether. Tether is traded on various exchangers and I think this is one of the most reliable tether proofs and if you don't want to use tether as a stable coin, you can use credit cards or debit cards because almost all exchangers provide this facility
Title: Re: How safe is Tether.to/USDT? Post by: mich on May 11, 2020, 11:43:45 AM For stablecoins like Tether, is its main ‘usefulness’ to facilitate crypto trades?
“Interestingly, stable coins have a two-sided distribution. So they do trade at premiums as well as discounts. And so there are a few reasons why, but the main reason that we focus on is its usefulness as a vehicle currency and what we mean by vehicle currency is that the point of Tether is to facilitate the exchange of cryptocurrencies.” https://eng.ambcrypto.com/for-stablecoins-like-tether-is-its-main-usefullness-to-facilitate-crypto-trades/ Title: Re: How safe is Tether.to/USDT? Post by: Script3d on May 11, 2020, 12:10:15 PM Now there are many stable coins that can be used if you can't trust Tether. Tether is traded on various exchangers and I think this is one of the most reliable tether proofs and if you don't want to use tether as a stable coin, you can use credit cards or debit cards because almost all exchangers provide this facility Tether is untrustworthy for me because of the audit thing before. Just because tether is used on all exchanges doesn't mean they can be trusted, i don't know why you wanted to use credit card, using credit card has a lot of fees compare to stable coin which has less fees and hassle, if preserving money is your goal.Title: Re: How safe is Tether.to/USDT? Post by: Tipstar on May 11, 2020, 12:13:06 PM Now there are many stable coins that can be used if you can't trust Tether. Tether is traded on various exchangers and I think this is one of the most reliable tether proofs and if you don't want to use tether as a stable coin, you can use credit cards or debit cards because almost all exchangers provide this facility Tether is untrustworthy for me because of the audit thing before. Just because tether is used on all exchanges doesn't mean they can be trusted, i don't know why you wanted to use credit card, using credit card has a lot of fees compare to stable coin which has less fees and hassle, if preserving money is your goal.Tether is readily accepted by most of the exchanges. So, they are okay as a trading currency. But I'd not recommend holding tether as an long term investment as there had been issues with the basis of valuation and whether the foundation holds the exact amount of cash as the tokens. For longer term interest, decentralized stable coins are a better choice. Title: Re: How safe is Tether.to/USDT? Post by: mich on May 13, 2020, 12:52:43 PM Tether emerges as popular choice among Asian, European traders; USDC follows
The aggregate stablecoin market cap grew over $10 billion by May, with the same continuing to rise. This dramatic increase in the market cap of stablecoins can be associated with their growing demand among Asian and European OTC traders as an onramp to the crypto-market. https://eng.ambcrypto.com/tether-emerges-as-popular-choice-among-asian-european-traders-usdc-follows/ Title: Re: How safe is Tether.to/USDT? Post by: nreal on May 13, 2020, 03:09:21 PM The reliability of Tether is only moderate because of these stable currency troubles encountered in the past, If you are not required to use USDT you can consider using USDC or PAX.
Title: Re: How safe is Tether.to/USDT? Post by: mich on May 16, 2020, 09:46:15 AM Bitfinex’s Paolo Ardoino on Tether’s success and scrutiny
Bitfinex CTO Paolo Ardoino has defended his team in light of Tether's alleged involvement in manipulating the Bitcoin price in 2017 https://coinrivet.com/bitfinexs-paolo-ardoino-on-tethers-success-and-scrutiny/ Title: Re: How safe is Tether.to/USDT? Post by: mich on May 18, 2020, 08:01:46 AM Tether (USDT) to Manage Volatility Worries Financial Revolution Will Be Remembered For 100 Years
Volatility worries are eased with stable coins like Tether (USDT). Volatility in the cryptocurrency space will never end, and stable coins are the key to managing volatility worries. With the pandemic here to stay for some more time until a new vaccine is found, investors should prepare to deal with volatility. https://thecurrencyanalytics.com/14685/tether-usdt-to-manage-volatility-worries-financial-revolution-will-be-remembered-for-100-years/ Title: Re: How safe is Tether.to/USDT? Post by: mich on May 19, 2020, 11:11:36 AM Bitcoin Demand Pushes Tether Below $1 for Longest Stretch Since March
Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin hit 12-month lows in March. Tether maintained or exceeded par value consistently during bitcoin’s subsequent two-month rally. https://www.coindesk.com/bitcoin-demand-pushes-tether-below-1-for-longest-stretch-since-march Title: Re: How safe is Tether.to/USDT? Post by: chmod755 on May 20, 2020, 01:02:55 AM Not even close to be safe asset, stablecoins really potentially very valuable in terms of usability, but at the moment it is far from better than decentralized cryptocurrencies. The crypto world has taught us not to jump to conclusions, Stable coins are backed in money which is linked directly to governments and inflation.
Title: Re: How safe is Tether.to/USDT? Post by: mich on May 22, 2020, 12:59:20 PM Stable Coin Usage Rates are Increasing Every Day
According to crypto asset analyst firm Glassnode data, addresses holding 1,850 Tether (USDT) are recorded every hour in the Ethereum blockchain, and this number continues to increase rapidly since January. https://www.somagnews.com/stable-coin-usage-rates-increasing-every-day/ Title: Re: How safe is Tether.to/USDT? Post by: hushpupppy on May 22, 2020, 01:08:43 PM Tether is a very good safe haven in times of need and massive dumps.
Instead of panicking on how to stay safe when you smell the bear, tether can be your hero, all you do is trade to tether and wait for another entry. Easy and swift. Title: Re: How safe is Tether.to/USDT? Post by: mich on May 25, 2020, 01:20:42 PM Top 3: Tether (USDT) Is Now The 3rd Largest Crypto By Market-Cap Surpassing Ripple (XRP)
Upon printing billions of fresh USDT in the past few months, the most widely adopted stablecoin has become the third-largest cryptocurrency by market cap. Tether has now surpassed Ripple (XRP) with its nearly $9 billion market capitalization. https://cryptopotato.com/top-3-tether-usdt-is-now-the-3rd-largest-crypto-by-market-cap-surpassing-ripple-xrp/ Title: Re: How safe is Tether.to/USDT? Post by: mich on May 26, 2020, 11:04:14 AM Tether stablecoin settled $212 billion worth of value in 2019
Dantoni examined the aggregate value of transactions conducted in Tether in the last year and found that the most substantial quarterly increase was from Q1 2019 to Q2 2019, when Tether's settlement value increased 220%, from $17.4 billion to $55.7 billion. https://www.theblockcrypto.com/linked/66326/tether-stablecoin-settled-212-billion-worth-of-value-in-2019 Title: Re: How safe is Tether.to/USDT? Post by: Pecunia non olet on May 26, 2020, 01:33:36 PM We do not know because it didn't experience any problem. But when it happens it will be too late. Bitcoin is here for about 10 years, but Tether for about 2 years, too early to judge if it is safe.
Title: Re: How safe is Tether.to/USDT? Post by: torrantz on May 26, 2020, 02:53:25 PM Not even close to be safe asset, stablecoins really potentially very valuable in terms of usability, but at the moment it is far from better than decentralized cryptocurrencies. The crypto world has taught us not to jump to conclusions, Stable coins are backed in money which is linked directly to governments and inflation. The commodity or currency that backed the stable coin can be considered as a thing that makes the stable coin became the safe asset compared with another altcoin that has very high volatility. The decentralized will give guarantee in term of security but it will not save the value from the volatility. Title: Re: How safe is Tether.to/USDT? Post by: rexxarofmoknathal on May 26, 2020, 06:52:02 PM I personally try to stay away from Tether where possible. After finding out that they lend money out to institutions and organizations and are actually operating a fractional reserve because of this.... Just sounds like a catastrophe waiting to happen.
Instead I stick with Gemini Dollar and USD Coin, they're both far more transparent and have a live proof of funds page that shows you just how closely matched the circulating supply and their holdings are. Tether has one too, but I don't trust it. Title: Re: How safe is Tether.to/USDT? Post by: mich on May 27, 2020, 01:16:27 PM Ethereum-based Tether (USDT) transactions reach new highs
More than $1.2 billion worth of Ethereum-based Tether (USDT) was traded in a single day, setting a new record for the stablecoin. https://decrypt.co/30137/ethereum-based-tether-usdt-transactions-reach-new-highs Title: Re: How safe is Tether.to/USDT? Post by: Vishnu.Reang on May 27, 2020, 03:28:09 PM Many of those who post here have little knowledge of USDT. You should never trust an asset, if you don't know about the details. First of all, Tether was formerly known as Realcoin. In 2017, it was revealed that Philip Potter and Giancarlo Devasini of the Bitfinex exchange owned Tether Holdings Limited. Do you really trust a token issued by an exchange such as Bitfinex? If you still trust them, then what about this - on April 2019, the Tether officials admitted that only 74% of the value of Tether is backed up with real assets. The remaining 26% are not backed up.
Title: Re: How safe is Tether.to/USDT? Post by: mich on May 28, 2020, 06:58:47 AM Tether Continues Tear as its Daily Crypto Transactions Reach Record Levels
“In order to maintain accountability and to ensure stability in exchange price, we propose a method to maintain a one to one reserve ratio between a cryptocurrency token, called tethers, and its associated real world asset, fiat currency.” https://www.newsbtc.com/2020/05/27/tether-continues-tear-as-its-daily-crypto-transactions-reach-record-levels/ Title: Re: How safe is Tether.to/USDT? Post by: irixo10 on May 28, 2020, 08:55:39 AM Many have always said they don't trust Tether while we all have every reason to because it is not decentralized but as for me, it's a different thing altogether because I have not seen nor come across any problems with it thus I continue using it. Talking about using it, it is only for trading or when the market is not friendly but for long term, I don't. Therefore, since it has been there all this years and still surging high I don't have any problems using it.
Title: Re: How safe is Tether.to/USDT? Post by: mich on May 30, 2020, 07:01:01 AM After a Slow Start, Tether Sees Increasing Usage in DeFi
Tether (USDT) usage in decentralized finance (DeFi) appears to be growing, as lending protocol Aave reports over $7.2 million in USDT locked, out of a reported $60 million in total assets. https://cointelegraph.com/news/after-a-slow-start-tether-sees-increasing-usage-in-defi Title: Re: How safe is Tether.to/USDT? Post by: mich on June 02, 2020, 11:48:22 AM Tether Integrates With Plasma Sidechain to Reduce Load on Ethereum
Tether has integrated the just-launched OMG Network Plasma sidechain, formerly known as OmiseGo, promising cheaper transactions as Ethereum’s fees skyrocket. https://cointelegraph.com/news/tether-integrates-with-plasma-sidechain-to-reduce-load-on-ethereum Title: Re: How safe is Tether.to/USDT? Post by: mich on June 05, 2020, 12:59:38 PM Bloomberg: Only a Matter of Time Before Tether Overtakes Ether as #2
Bloomberg’s report that provides crypto outlook for June says that it expects Tether to pass Ether as the number two cryptocurrency on the strength of the dollar. https://cointelegraph.com/news/bloomberg-only-a-matter-of-time-before-tether-overtakes-ether-as-2 Title: Re: How safe is Tether.to/USDT? Post by: Iyanu14 on June 05, 2020, 02:57:03 PM Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks With my little experience, USDT as one of the reliable stable coins has been used largely by investors because of its stability. Unlike other coins that can fall extensively in term of price, the fluctuations of USDT price is minimal and bearable. That's investors store most of their assets in USDT and invest when the market is red. Title: Re: How safe is Tether.to/USDT? Post by: Balili on June 06, 2020, 03:39:50 PM Hi vlom, I really don't know about this question but I think it's a risk to leave such amount of money in an exchange basically in a low level exchange. Isn't that risky to hold money on an exchange? I lost a couple of BTC on MintPal, and almost lost some money on Cryptsy (had to sell coin for Doge at a bad price to get out). Since then I try to never keep money on any exchange (even if it's supposedly safe, like poloniex). Title: Re: How safe is Tether.to/USDT? Post by: Emilyearl on June 06, 2020, 04:30:19 PM I doubt if USDT is safe. I always feared the consistent printing of USDT from time to time. If this isn't backed by anything then it's a disaster to anyone investing in it because it's a stable coin and a stable coins should have a backing of either gold or bank reserve.
Title: Re: How safe is Tether.to/USDT? Post by: mich on June 09, 2020, 05:29:53 AM Why Tether has printed $5 billion USDT this year
Tether CTO Paolo Ardoino says over-the-counter trading desks and crypto exchanges want dollars on hand, and this is driving up demand. https://decrypt.co/31581/why-tether-has-printed-5-billion-usdt-this-year Title: Re: How safe is Tether.to/USDT? Post by: leea-1334 on June 09, 2020, 01:14:30 PM I never saw it as safe not in 2017 with all the scandals becoming big and definitely not now when everything was seemingly getting out of hand with unlimited printing just like US dollar. Use it as a sort of hedge to hold value but never for too long. Need to also use it at an exchange you hope you can trust like Binance who insures your loss.
Title: Re: How safe is Tether.to/USDT? Post by: mich on June 12, 2020, 03:39:46 PM Chinese investors secretly buying Bitcoin helped fuel Tether’s $5 billion surge
Who says Bitcoin’s most popular stablecoin is backed by nothing? A new report says demand comes from China. https://decrypt.co/32041/chinese-investors-secretly-buying-bitcoin-helped-fuel-tethers-5-billion-surge Title: Re: How safe is Tether.to/USDT? Post by: mich on June 13, 2020, 06:19:55 AM Metrics show 80 percent of stablecoins like Tether and Binance USD are held by only six accounts
CoinMetrics analyzed the supply and activity distribution of the six most-popular stablecoins, noting most are issued on ERC20, have the same price (the USD), and end up serving the same end users. https://cryptoslate.com/metrics-show-80-percent-of-stablecoins-like-tether-and-binance-usd-are-held-by-only-six-accounts/ Title: Re: How safe is Tether.to/USDT? Post by: X-ray on June 13, 2020, 09:01:07 AM I doubt if USDT is safe. I always feared the consistent printing of USDT from time to time. If this isn't backed by anything then it's a disaster to anyone investing in it because it's a stable coin and a stable coins should have a backing of either gold or bank reserve. If you are thinking usdt is not a safe coin and why there were so many people have been using it since it was created? It's backed by the dollar but tether has already stated that it's not fully backed by dollars. Tether was printing money based on how much money that available on its hot wallet. Title: Re: How safe is Tether.to/USDT? Post by: jerrison on June 13, 2020, 09:23:11 AM if one converts his funds to crypto just to be in the crypto assest portfolio list, i will advise you keep the funds in tether since it is a stable coin but if it you want to gamble into the volatility of crypto prjects then i suggest bitcoin is best. I don't mean bitcoin to be a gamble, am only using the word gamble because, money used for investment in crypto is supposed to be money that can be called spare as it may be lost.
Title: Re: How safe is Tether.to/USDT? Post by: kensaii on June 13, 2020, 10:03:47 AM The main point of stablecoin or Tether.to/USDT is to escape the volatile in crypto in general or bitcoin if you want to narrow down. Maybe back then, it was hard to grasp the concept of it and there are a lot of distrust but surely, after years we can see and find the benefit of a stablecoin like USDT.
Title: Re: How safe is Tether.to/USDT? Post by: Galley on June 13, 2020, 10:10:18 AM Tether is probably the most stable coin for quite some time. There were, of course, questions regarding their financial component, but as far as I know, they were settled. I keep part of my savings in usdt and do not worry about this.
Title: Re: How safe is Tether.to/USDT? Post by: Chuky92 on June 13, 2020, 10:42:38 AM To the best of my knowledge so far, I think USDT is the best stablecoin to hold this is because of the number of people using it, its volume and maybe the reputation built over the years despite all the news or what was said about it. Also, let it be known to you that the main aim of USDT is to safeguard your funds from crypto volatility and nothing more, no matter how long you hold, it will never grow in price neither will it drop in value. Also, about going out of business, I think USDT has come too far to go out of business, however the crypto space itself is unpredictable and if you think you can't deal with holding for long then maybe Bitcoin should be the best.
Title: Re: How safe is Tether.to/USDT? Post by: mich on June 16, 2020, 07:32:28 AM What’s Driving The Demand Behind Stablecoin’s $10B Crypto Market Cap Milestone?
The growth of stablecoins in 2020 has been unlike anything seen before. Each week, more and more of the fiat-backed crypto assets are printed, nearly as fast and as often as the Federal Reserve is printing new cash https://www.newsbtc.com/2020/06/15/stablecoins-10b-crypto-market-cap/ Title: Re: How safe is Tether.to/USDT? Post by: amos77978 on June 16, 2020, 07:44:18 AM it seems like you're in need of a stable coin to hold your funds. while bitcoin and other alternative coins are in the red... if you dont trust tetyer, there are other alternative stable coins you can make use of, for me I make use of DAI most of the time instead of tether
Title: Re: How safe is Tether.to/USDT? Post by: TanakabZX on June 16, 2020, 07:46:49 AM I've been using usdt for years now mostly in trading and keeping safe some USD to take advantage of the market when bears take over, it's safe using USDT and you have nothing to worry about
Title: Re: How safe is Tether.to/USDT? Post by: mich on June 18, 2020, 04:22:59 AM BTC-Tether relationship: How long can it last?
It’s time to take another look at USDT, the USD-pegged “stablecoin” otherwise known as Tether. https://coingeek.com/btc-tether-relationship-how-long-can-it-last/ Title: Re: How safe is Tether.to/USDT? Post by: MrMojoRising26 on June 18, 2020, 06:06:29 AM I'm not sure how safe tether is I've been hearing fud for as long as I can remember. It has been around for a few years but I would rather use usdc or some other option in case something goes wrong my concern would be they don't have the actual dollars to back the coins
Title: Re: How safe is Tether.to/USDT? Post by: elewton on June 18, 2020, 06:16:22 AM I'm not sure how safe tether is I've been hearing fud for as long as I can remember. It has been around for a few years but I would rather use usdc or some other option in case something goes wrong my concern would be they don't have the actual dollars to back the coins True! Even though Tether has been in the market for a few years until now. I still don't have enough confidence to use Tether as a stable coin or a store-of-value method. I rather use USDT to store my capital in the circumstance that the other crytos are on red or decreasing time. Title: Re: How safe is Tether.to/USDT? Post by: cryptoknightt on June 18, 2020, 08:02:03 AM I'm not sure how safe tether is I've been hearing fud for as long as I can remember. It has been around for a few years but I would rather use usdc or some other option in case something goes wrong my concern would be they don't have the actual dollars to back the coins True! Even though Tether has been in the market for a few years until now. I still don't have enough confidence to use Tether as a stable coin or a store-of-value method. I rather use USDT to store my capital in the circumstance that the other crytos are on red or decreasing time. I think it's safe, lots of people and even usdt / tether is a stable coin with the largest volume of other coins. this proves that tether has been trusted, I also sometimes store usdt on the exchange for quite a long time and there is no problem, as long as you keep it in a safe and reliable exchange there is no need to fear. Title: Re: How safe is Tether.to/USDT? Post by: litepool.ru on June 18, 2020, 09:28:30 AM I'm not sure how safe tether is I've been hearing fud for as long as I can remember. It has been around for a few years but I would rather use usdc or some other option in case something goes wrong my concern would be they don't have the actual dollars to back the coins If they don't have enough USD to convert to USDT, I believe they will soon collapse. In 2019 I saw a few FUDs like that for USDT, but fortunately they overcame it and the price just collapsed slightly. Hopefully this will never happen againTitle: Re: How safe is Tether.to/USDT? Post by: Mighty_crypt on June 18, 2020, 09:40:19 AM Usdt is the most used stable coin as store of value by traders, it has the max market cap among other stable coins and it's not a new project, some said the project is centralized, if you are worried about this then switch to Dai
Title: Re: How safe is Tether.to/USDT? Post by: mich on June 19, 2020, 06:55:35 AM Tether strongly correlates with future returns on major crypto pairs
“As a matter of fact, a simple trading strategy based on a long-short portfolio generates significant outperformance with respect to naive, commonly used, investments in the cryptocurrency space such as an equal-weight portfolio and a buy-and-hold position on BTC.” https://eng.ambcrypto.com/tether-strongly-correlates-with-future-returns-on-major-crypto-pairs/ Title: Re: How safe is Tether.to/USDT? Post by: Teraboy on June 19, 2020, 09:31:50 AM I'm not sure how safe tether is I've been hearing fud for as long as I can remember. It has been around for a few years but I would rather use usdc or some other option in case something goes wrong my concern would be they don't have the actual dollars to back the coins If they don't have enough USD to convert to USDT, I believe they will soon collapse. In 2019 I saw a few FUDs like that for USDT, but fortunately they overcame it and the price just collapsed slightly. Hopefully this will never happen againTitle: Re: How safe is Tether.to/USDT? Post by: Wayrey2020 on June 19, 2020, 10:06:36 AM I won't say very safe, but i would state that the advantages of usdt is top notch, and is more than its disadvantages.
On a scenario, with USDT, you have an opportunity to avoid a dump, by selling your btc, or etherum to usdt pairs. But on another scenario, staying and too comfortable in usdt could lead you to miss out on a potential pump. You ability and speed to move in and out of usdt will prove pivotal in defining how safe tether or usdt for each individual. Title: Re: How safe is Tether.to/USDT? Post by: MikeyVeez on June 19, 2020, 10:48:11 AM It is safe until regulators come and regulate it :). That means that even Tether as a company is legit, you bet that future will be friendly for Tether. But everyone who created own money was punished in history, so think about it in this way :).
Title: Re: How safe is Tether.to/USDT? Post by: aemma on June 19, 2020, 11:01:11 AM Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks The first thing you should know about cryptocurrency Investing is that, it comes with its own risks and one of the best ways to reduce this risks is by keeping large funds outside exchanges and into your personal wallet. Secondly, I don't know the type of exchange you are referring to but major exchanges have been trying their best to maintain their integrity, so if you buy there is every tendency you will withdraw. Lastly, talking about Tether mainly, it has been around for years and the only reason it keeps growing is because people have come to trust it, so I think there is nothing like going out of business because many people are now involved. In addition, the only safer way is to buy from exchanges that are trustworthy. Title: Re: How safe is Tether.to/USDT? Post by: bits4books on June 19, 2020, 11:26:30 AM Quote what is the risk There is always a risk, but no one can tell you exactly which one. We are in crypto space. I think that you can keep this amount of money, usdt is the most popular stablecoinTitle: Re: How safe is Tether.to/USDT? Post by: mich on June 22, 2020, 08:19:03 AM Tether’s USDT Stablecoin Grows Faster on Compound Protocol than Others, Has Potential to Streamline Cross-Border Payments: Report
“USDT has grown faster than all rival offerings on the Compound protocol… Some of the USDT investors indirectly interact with the Compound protocol, which focuses on establishing money markets that are a pool of assets with algorithmically derived interest rates.” https://www.crowdfundinsider.com/2020/06/163002-tethers-usdt-stablecoin-grows-faster-on-compound-protocol-than-others-has-potential-to-streamline-cross-border-payments-report/ Title: Re: How safe is Tether.to/USDT? Post by: makishart on June 23, 2020, 02:22:34 AM It is safe until regulators come and regulate it :). That means that even Tether as a company is legit, you bet that future will be friendly for Tether. But everyone who created own money was punished in history, so think about it in this way :). have you seen the problem that faced by tether? even tether has been getting a big problem and tether can pass it. Regulators are interesting to issue their own digital currency. Tether issues more money based on its dollar supply. Title: Re: How safe is Tether.to/USDT? Post by: solomine on June 30, 2020, 05:38:35 AM I read the name of the topic with a smile, how long ago it was. Tether has shown himself well in recent years. But they print too many new coins. I was disappointed in him. Now I plan to purchase other stablecoins, like eurg
Title: Re: How safe is Tether.to/USDT? Post by: Swordsoffreedom on June 30, 2020, 06:40:37 AM It is safe until regulators come and regulate it :). That means that even Tether as a company is legit, you bet that future will be friendly for Tether. But everyone who created own money was punished in history, so think about it in this way :). have you seen the problem that faced by tether? even tether has been getting a big problem and tether can pass it. Regulators are interesting to issue their own digital currency. Tether issues more money based on its dollar supply. You believe it or not, there is a lot of spoofy are lying under Tether industry, you may know around 31 million worth of USDT were stolen on November 2017, there are too many controversies are fluting on online about Tether money. I don't know any other stable coin which has so much fuss at the market like USDT. Title: Re: How safe is Tether.to/USDT? Post by: Twinkledoe on June 30, 2020, 07:08:19 AM It is safe until regulators come and regulate it :). That means that even Tether as a company is legit, you bet that future will be friendly for Tether. But everyone who created own money was punished in history, so think about it in this way :). have you seen the problem that faced by tether? even tether has been getting a big problem and tether can pass it. Regulators are interesting to issue their own digital currency. Tether issues more money based on its dollar supply. You believe it or not, there is a lot of spoofy are lying under Tether industry, you may know around 31 million worth of USDT were stolen on November 2017, there are too many controversies are fluting on online about Tether money. I don't know any other stable coin which has so much fuss at the market like USDT. Also, last year Tether admitted that they are not fully backed by USD assets. So right now, we don't know if they are already saying the truth about their assets. So just be careful in holding this stable coin. Only time will tell what another breaking news they will inform the public. https://www.bloomberg.com/news/articles/2019-04-30/tether-says-stablecoin-is-only-backed-74-by-cash-securities Title: Re: How safe is Tether.to/USDT? Post by: tetuto on June 30, 2020, 11:29:35 AM It's a good question. I'm thinking to add some thoughts from this thread to my article about Teather https://defiwiki.org/wiki/Tether_(USDT)
Title: Re: How safe is Tether.to/USDT? Post by: mich on July 01, 2020, 05:14:01 AM Tether: Challenging the USD’s Hegemony, Championing CBDC and Beyond
Exploring six major points regarding Tether’s impact on geopolitics and the future development of sovereign digital currency. https://cointelegraph.com/news/tether-challenging-the-usds-hegemony-championing-cbdc-and-beyond Title: Re: How safe is Tether.to/USDT? Post by: mich on July 03, 2020, 12:51:21 PM Tether market capitalization surges close to $10 Billion
Tether is still the only stablecoin with a market capitalization greater than $1 billion. https://nairametrics.com/2020/07/02/tether-market-capitalization-surges-close-to-10-billion/ Title: Re: How safe is Tether.to/USDT? Post by: mich on July 07, 2020, 07:07:32 AM Tether’s Booming Popularity in China Sparks a New Wave of Crypto Crackdowns
Tether (USDT) has seen massive inflows of capital throughout 2020, with much of this coming about not as a result of turbulence within the crypto market, but rather due to that seen in the traditional markets. https://www.newsbtc.com/2020/07/06/china-sees-new-wave-of-crypto-crackdown/ Title: Re: How safe is Tether.to/USDT? Post by: DDante on July 07, 2020, 08:02:56 AM Usdt is safe enough for me, though I don't use it for long term hold but it's my favorite for trading, whether it's centralized or not it does the job well, moreover it's the highest marketcap stablecoin and it's available on Tron network as well, not just ERC20
Title: Re: How safe is Tether.to/USDT? Post by: covfefe_ on July 07, 2020, 09:55:46 AM Tether is highly popular and is accepted on almost every exchanges. I'd have been madly in love with it if it just made it clear that they hold the amount of dollar bills equal to the coins they mint. They have been accused of falsely minting token and their answer is even more confusing. I'm no expert and if a lot of good exchanges are using it as a primary stalbcoin, I'd have not much choice.
Title: Re: How safe is Tether.to/USDT? Post by: iv4n on July 07, 2020, 11:50:56 AM Tether is highly popular and is accepted on almost every exchanges. I'd have been madly in love with it if it just made it clear that they hold the amount of dollar bills equal to the coins they mint. They have been accused of falsely minting token and their answer is even more confusing. I'm no expert and if a lot of good exchanges are using it as a primary stalbcoin, I'd have not much choice. And its good only for that, to bypass some trade, to save your dollar value when the value of crypto is going down. Its good for that because its imitate dollar and its good for all of us, its crypto but in the same time its a dollar. Its good for trading and only for that, for sure its not good for buying it and keeping it for a long run. Title: Re: How safe is Tether.to/USDT? Post by: FairUser on July 07, 2020, 11:53:56 AM If USDT collapses, I believe the whole market will collapse and investors will lose confidence in this market. How can they continue if the biggest stablecoin in this market is a scam
Title: Re: How safe is Tether.to/USDT? Post by: mich on July 08, 2020, 06:07:21 AM The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network
The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework. https://news.bitcoin.com/the-popular-stablecoin-tether-is-now-circulating-on-the-bitcoin-cash-network/ Title: Re: How safe is Tether.to/USDT? Post by: joseyphil82 on July 08, 2020, 07:01:43 AM I hope the bad rumours about USDT is all lies because now USDT is spreading to every Blockchain corner in crypto world, if something bad happens later every single projects in crypto space will suffer and the whole market will crash, I still use USDT to hold some money but now I'm not so sure
Title: Re: How safe is Tether.to/USDT? Post by: torrantz on July 08, 2020, 07:31:49 AM I hope the bad rumours about USDT is all lies because now USDT is spreading to every Blockchain corner in crypto world, if something bad happens later every single projects in crypto space will suffer and the whole market will crash, I still use USDT to hold some money but now I'm not so sure The rumour not necessarily bad, it makes people wary and rethink about their choice, if tether could prove that the rumour is false then it will make their reputation even better because turns out they are not shady company but who really know? I hope in the future stablecoin competition will become more competitive than it currently is.Title: Re: How safe is Tether.to/USDT? Post by: mich on July 10, 2020, 05:52:06 AM Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT
"Tether routinely assists law enforcement in their investigations... Through the freeze address feature, Tether has been able to help users and exchanges to save and recover tens of millions of dollars stolen from them by hackers," said Hoegner. https://finance.yahoo.com/news/tether-blacklisted-39-ethereum-addresses-144546028.html Title: Re: How safe is Tether.to/USDT? Post by: New_order on July 10, 2020, 06:06:45 AM Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT USDT isn't a threat to us, I believe this is one of the reasons why many don't like using tether because of the fear of freezing addresses, I have no problem with this honestly, I don't involve myself in any illegal money making activities, only criminals and hackers will be worried about this"Tether routinely assists law enforcement in their investigations... Through the freeze address feature, Tether has been able to help users and exchanges to save and recover tens of millions of dollars stolen from them by hackers," said Hoegner. https://finance.yahoo.com/news/tether-blacklisted-39-ethereum-addresses-144546028.html Title: Re: How safe is Tether.to/USDT? Post by: WalkerIVIV on July 10, 2020, 06:16:49 AM Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT USDT isn't a threat to us, I believe this is one of the reasons why many don't like using tether because of the fear of freezing addresses, I have no problem with this honestly, I don't involve myself in any illegal money making activities, only criminals and hackers will be worried about this"Tether routinely assists law enforcement in their investigations... Through the freeze address feature, Tether has been able to help users and exchanges to save and recover tens of millions of dollars stolen from them by hackers," said Hoegner. https://finance.yahoo.com/news/tether-blacklisted-39-ethereum-addresses-144546028.html Title: Re: How safe is Tether.to/USDT? Post by: mt55 on July 12, 2020, 06:19:26 AM Tether is at the market since 2015 and everything is good with it for several years. Cooperation with Tron made it even better and more safe.
Title: Re: How safe is Tether.to/USDT? Post by: chanc3r on July 12, 2020, 06:57:06 AM Tether is at the market since 2015 and everything is good with it for several years. Cooperation with Tron made it even better and more safe. They also did cooperate with several banks to increase their reputation. Usually, I don't care about the rumour going around because I used stablecoin for my transactions and never hold it for too long. It's better if they cooperate with more and more people just to make sure that they are truly legit .Title: Re: How safe is Tether.to/USDT? Post by: huu78 on July 12, 2020, 09:14:44 AM A safe way to store coin assets for the long term is a personal wallet such as TrustWallet, Imtoken, or using a hardware wallet. because we hold the private key. If safe to exchanges, it is very risky because there could be hackers on that exchange or they close the exchange without any news you know. And overcoming BTC falls or fluctuations can save on stable coins like USDT to minimize the risk of excessive rectification.
Title: Re: How safe is Tether.to/USDT? Post by: bukham88 on July 12, 2020, 09:34:01 AM in cryptocurrency investments, nothing is safe, because investing in cryptocurrency the risk is very high even though now the price of the USDT seems stable but all of that does not escape the influence of market demand.
Title: Re: How safe is Tether.to/USDT? Post by: Psynthax on July 12, 2020, 11:25:50 AM in cryptocurrency investments, nothing is safe, because investing in cryptocurrency the risk is very high even though now the price of the USDT seems stable but all of that does not escape the influence of market demand. USDT is indeed stable if you compare it to USD rate because each USDT circulating around already pegged to their USD in their reserve(if there really is) and even if the demand is nowhere to be found it will still hold the value the same USD's. USDT and any other alike aren't for "real investment" but rather forsaving the value of your money when in crypto market. Title: Re: How safe is Tether.to/USDT? Post by: mich on July 15, 2020, 05:42:13 AM Focus on USDT and DeFi as 5-Year Anniversary of Ethereum Approaches
Five years following the launch of ETH in 2015, and the future of the blockchain may lay in DeFi and USDT, according to industry experts. https://cointelegraph.com/news/focus-on-usdt-and-defi-as-5-year-anniversary-of-ethereum-approaches Title: Re: How safe is Tether.to/USDT? Post by: Ryushin on July 15, 2020, 05:46:36 AM i think save, but low use tether, Tether ( USDT) is now available on almost all exchanges in crypto space today including small and big exchanges, it's well supported and it has the biggest marketcap among other stablecoin, it's best choice for almost all crypto traders, I don't see anything wrong with USDT, it's my favorite only bitfinex and polo support tether, and tether not support all the world country, several country can't acces and not supported membership and use tether Title: Re: How safe is Tether.to/USDT? Post by: Aaroenz0r on July 15, 2020, 06:27:19 AM i think save, but low use tether, Tether ( USDT) is now available on almost all exchanges in crypto space today including small and big exchanges, it's well supported and it has the biggest marketcap among other stablecoin, it's best choice for almost all crypto traders, I don't see anything wrong with USDT, it's my favorite only bitfinex and polo support tether, and tether not support all the world country, several country can't acces and not supported membership and use tether Title: Re: How safe is Tether.to/USDT? Post by: Mrchristo on July 16, 2020, 02:29:12 PM In my opinion USDT appears to be the most popular stable cryptocurrency and it holds a large chunk of the stable coin market. I've heard some negative news about USDT not being entirely stable at its right. I can plainly say that USDT stability is controversial, but that doesn't stop it from serving its purpose.
Title: Re: How safe is Tether.to/USDT? Post by: mich on July 21, 2020, 04:09:21 AM Tether CTO: ‘USDT Will Continue to Exist Alongside CBDCs’
With a market cap over $10B, Tether isn’t likely to be displaced by any central bank digital currency according to Paolo Ardoino. https://cointelegraph.com/news/tether-cto-usdt-will-continue-to-exist-alongside-cbdcs Title: Re: How safe is Tether.to/USDT? Post by: Iyeman on July 21, 2020, 05:24:52 AM In my opinion USDT appears to be the most popular stable cryptocurrency and it holds a large chunk of the stable coin market. I've heard some negative news about USDT not being entirely stable at its right. I can plainly say that USDT stability is controversial, but that doesn't stop it from serving its purpose. that's true and mostly people were still using USDT, it looks like some people may not feel good with the existence of USDT but that's life when you were seeing people who are not in the same way with you. Im also still using USDT and im not getting any problem even i have used USDT to do a daily transaction too. Title: Re: How safe is Tether.to/USDT? Post by: erikoy on July 21, 2020, 05:44:50 AM Unfortunately, I would say, tether is not safe at all. Yes, this is also my stand that when one convert their money into crypto even if it is stable like usdt might still be risky due to some exchanges hi-jacking or phishing sites. So if one must secure money banks are usually a glld idea where to place these money. Usdt and fiat currency were stable so i guess there is no need for a stable coins. But this type of crypto might be useful especially when market volatility strikes like bitcoin halving so it is better to convert it to stable crypto than fiat foe it will take lesser fees crypto to crypto compared to crypto to fiat. Banks takes high transaction fee than crypto transaction fees.Also, why would you want to park your usd in tether while btc fluctuates? Wouldn't you rather actively trade to take advantage of those fluctuations. Another thing to consider, is do you even need a stable coin? In a lot of ways, a stable coin can actually work against you. The main reason is that the stable coin is actually not really stable at all. It's only real use is to use it in crypto trading and the market is entirely unstable. I mean, just think of this, keep your usd in a normal savings account, you'll at least get some interest. Title: Re: How safe is Tether.to/USDT? Post by: gaston castano on July 21, 2020, 05:48:32 AM In my opinion USDT appears to be the most popular stable cryptocurrency and it holds a large chunk of the stable coin market. I've heard some negative news about USDT not being entirely stable at its right. I can plainly say that USDT stability is controversial, but that doesn't stop it from serving its purpose. that's true and mostly people were still using USDT, it looks like some people may not feel good with the existence of USDT but that's life when you were seeing people who are not in the same way with you. Im also still using USDT and im not getting any problem even i have used USDT to do a daily transaction too. It's true that the daily volume of tether is also very large, some people say tether is dangerous because it can disappear at any time, but that does not make tether so it is not used. I see there are still many who use it. even tether is the top 1 daily volume on the crypto market for now. Title: Re: How safe is Tether.to/USDT? Post by: Vishnu.Reang on July 21, 2020, 06:24:27 AM In my opinion USDT appears to be the most popular stable cryptocurrency and it holds a large chunk of the stable coin market. I've heard some negative news about USDT not being entirely stable at its right. I can plainly say that USDT stability is controversial, but that doesn't stop it from serving its purpose. I am not sure whether USDT is the most popular stablecoin right now. Even if that is the case, I am sure that Binance USD will be able to topple it. For sure, Tether claims to have a circulating supply of $10 billion or so. But how much of this supply is in free-float? And how much of this is being held outside the exchanges? I still believe that USDT is having a lot of liquidity issues and it will be out in the open sooner than later. Title: Re: How safe is Tether.to/USDT? Post by: 3227jw on July 21, 2020, 06:36:35 AM I have very mixed feelings about USDT.
I personally use it sometimes when trading, but I dont think its safe at all. Back when USDT started, it posted all the documented proof of their cash holdings from banks to prove that they have enough dollars to back up every USDT tokens. But after couple of months or so, if I remember correctly, they stopped posting these proofs and just began to massively produce more and more USDT. This is one of the biggest reasons for the 2017 pump, and now USDT is no where near backed up by their USD holdings. I do agree, however, that it is indeed the most popular stable coin, and thats gotta count for something. So I would use it to do day tradings or dodging a big dump, but I would never hold them nor stake them for mid to long term. Title: Re: How safe is Tether.to/USDT? Post by: Aaroenz0r on July 21, 2020, 06:42:30 AM In my opinion USDT appears to be the most popular stable cryptocurrency and it holds a large chunk of the stable coin market. I've heard some negative news about USDT not being entirely stable at its right. I can plainly say that USDT stability is controversial, but that doesn't stop it from serving its purpose. I am not sure whether USDT is the most popular stablecoin right now. Even if that is the case, I am sure that Binance USD will be able to topple it. For sure, Tether claims to have a circulating supply of $10 billion or so. But how much of this supply is in free-float? And how much of this is being held outside the exchanges? I still believe that USDT is having a lot of liquidity issues and it will be out in the open sooner than later. Title: Re: How safe is Tether.to/USDT? Post by: Apostlekin$$$ on July 21, 2020, 06:44:18 AM Not safe for criminals or any illegal activities and fraud money, honestly I just trust USDT more than even BUSD and USDC, it's a matter of choice of course but definitely a bad choice for scammers, hackers and fraudsters
Title: Re: How safe is Tether.to/USDT? Post by: ufaiz50 on July 21, 2020, 07:43:37 AM I don't know what to answer, tether.to is the official website for coin tether / USDT, and I'm sure we all know that coin. Although many conspiracy theories on USDT use the concept of stable, but so far USDT is safe. Safe or not depends on your goals and what transactions you will do. USDT is a coin that increases the type of stable coin so I think it's very funny if you keep asking that.
Title: Re: How safe is Tether.to/USDT? Post by: Wingsbtc on July 21, 2020, 07:58:09 AM Tether (USDT) is safe and better than many stable coins in crypto space, for security reasons I advice to only keep some dollars in USDT, for me the max is 1000$, it's not bad to hold other stable coins like BUSD too,
Title: Re: How safe is Tether.to/USDT? Post by: mich on July 23, 2020, 05:16:36 AM Tether Jumps to $10 Billion Market Capitalization
Tether has reached $10 billion in market capitalization as growth in 2020 picked up. https://cointelegraph.com/news/tether-jumps-to-10-billion-market-capitalization Title: Re: How safe is Tether.to/USDT? Post by: mich on July 24, 2020, 11:50:08 AM Tether set to overtake Bitcoin in another important metric
The market capitalization of Tether has multiplied fivefold in the last year. Now the stablecoin is being used to move more value than ever. https://decrypt.co/36328/tether-set-to-overtake-bitcoin-in-another-important-metric Title: Re: How safe is Tether.to/USDT? Post by: kynaz on July 24, 2020, 01:11:43 PM I don't know what to answer, tether.to is the official website for coin tether / USDT, and I'm sure we all know that coin. Although many conspiracy theories on USDT use the concept of stable, but so far USDT is safe. Safe or not depends on your goals and what transactions you will do. USDT is a coin that increases the type of stable coin so I think it's very funny if you keep asking that. USDT is the safest for me and 100% of investors here have used this coin to trade in the past. In addition, USDT is always available at all exchanges in this market so there will not be any risks that you need to worry. I am also using USDT and for me this stable coin is the number one in this market. There are many other options like HUSD, USDC, TUSD but generally there is no stable coin that can replace USDT.Title: Re: How safe is Tether.to/USDT? Post by: bittick on July 24, 2020, 01:23:01 PM Not safe for criminals or any illegal activities and fraud money, honestly I just trust USDT more than even BUSD and USDC, it's a matter of choice of course but definitely a bad choice for scammers, hackers and fraudsters I think so because the stolen amount can be frozen anytime when there was a report about that, if USDT has a very bad reputation like what already accused by some people and it will never be used by a lot of people in all of crypto exchange sites. Title: Re: How safe is Tether.to/USDT? Post by: bison on July 24, 2020, 01:33:04 PM Not safe for criminals or any illegal activities and fraud money, honestly I just trust USDT more than even BUSD and USDC, it's a matter of choice of course but definitely a bad choice for scammers, hackers and fraudsters I think so because the stolen amount can be frozen anytime when there was a report about that, if USDT has a very bad reputation like what already accused by some people and it will never be used by a lot of people in all of crypto exchange sites. Title: Re: How safe is Tether.to/USDT? Post by: Moeda on July 25, 2020, 07:19:44 AM Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks I think there are so many wallets that you can use to hold Tether. If you have doubts about the Tether platform, which is still in beta. Almost all wallets support Tether, because Tether is a successful stable coin. If Tether ERC20, I think using MEW wallet will be safer. But MEW doesn't support Omni Tether. Title: Re: How safe is Tether.to/USDT? Post by: Stanlo on July 25, 2020, 07:57:30 AM If you aren't storing big money in USDT you shouldn't be scared of getting your address freezed, spread your fund across other stable coins as well if stable coins is a must have for you, there are USDC, BUSD, DAI and few others too, I have no problem with USDT and this can't make me stop using it too
Title: Re: How safe is Tether.to/USDT? Post by: el kaka22 on July 25, 2020, 10:08:56 AM I would say it is semi safe right now and not totally safe, there is still some ways to go because there is still the centralization issue and that really kills the whole concept of it, but without a central organization how do you really turn dollar to usdt and usdt to dollar which is why I think there is no way to make a stable crypto currency into a decentralized concept since you always need some sort of organization to act as a "bank" in the middle.
However they have to at least be a bit more transparent without them being transparent we are just blindly trusting them with 10 billion dollars and that is not really acceptable right now. At the same time it is everywhere, all exchanges have it, I am not sure if I would like to actually be part of that or not but that gives a security to it. Title: Re: How safe is Tether.to/USDT? Post by: posi on July 25, 2020, 12:01:42 PM I would say it is semi safe right now and not totally safe, there is still some ways to go because there is still the centralization issue and that really kills the whole concept of it, I wont call it semi safe because USDT can freeze user fund just like USDC did acouple of days back and they are never honest/transparent about their total assest backed. but without a central organization how do you really turn dollar to usdt and usdt to dollar which is why I think there is no way to make a stable crypto currency into a decentralized concept since you always need some sort of organization to act as a "bank" in the middle. Dont tell me youre still among those that believe only centralizm is the only solution for stablecoin are you not aware that there are 3 various type of stablecoins? Fiat backed, precious metal and crypto backed. However they have to at least be a bit more transparent without them being transparent we are just blindly trusting them with 10 billion dollars and that is not really acceptable right now. Glad yoh understand that they need to be transparent which they are not till now.At the same time it is everywhere, all exchanges have it, I am not sure if I would like to actually be part of that or not but that gives a security to it. Thats because it was the first stablecoin and i dont kbow why most exchange are still fool by them despite their lying.Title: Re: How safe is Tether.to/USDT? Post by: mich on July 28, 2020, 07:06:25 AM Tether (USDT) Inflows to Exchanges Reach Highest Level in 2020
The inflow Tether (USDT) to cryptocurrency exchanges recently reached its highest level since November 2019, according to data provided by Glassnode. https://cryptocomes.com/news/tether-usdt-inflows-to-exchanges-reach-highest-level-in-2020 Title: Re: How safe is Tether.to/USDT? Post by: RabbiTANK on July 28, 2020, 07:09:33 AM USDT is safe and well supported, people are just worried for nothing sake, only criminals will find it difficult and unsafe to use USDT to safe money, if you are a holder and a crypto trader USDT is a better choice
Title: Re: How safe is Tether.to/USDT? Post by: mich on July 30, 2020, 05:25:35 AM Tether mints $540 million during Bitcoin price rally
Leading US dollar stablecoin Tether has introduced over half a billion dollars in the last three days—to meet growing demand. https://decrypt.co/37072/tether-mints-540-million-during-bitcoin-price-rally Title: Re: How safe is Tether.to/USDT? Post by: Bitbtc8 on July 30, 2020, 05:57:42 AM If you are so worried that something can happen to USDT some day you can swap for BUSD or DAI Stable coins, I don't see reason to anyway so I will continue using USDT for trading and holding stable coin, USDT is the best
Title: Re: How safe is Tether.to/USDT? Post by: Akoldi_ibk on July 31, 2020, 10:06:33 PM There are good options available for you if you are not comfortable with using USDT. We have USDC, BUSD, DAI, PAX and many others. One key advantage of USDT is that it is widely use across larger percentage of exchanges and crypto platforms. It is also the first and oldest stablecoin. It has been tested and still widely use.
Title: Re: How safe is Tether.to/USDT? Post by: bitkanu on July 31, 2020, 10:49:51 PM If you are so worried that something can happen to USDT some day you can swap for BUSD or DAI Stable coins, I don't see reason to anyway so I will continue using USDT for trading and holding stable coin, USDT is the best I have the same opinion as you. We know that the USDT holders never encounter a serious problem when all of their funds were not coming from steal from others or another criminal act. USDT is also the safe choice right now consider it has traded anywhere and it has a very huge volume. There was a lot of options for USDT too. Title: Re: How safe is Tether.to/USDT? Post by: KimmyF on July 31, 2020, 11:00:42 PM Tether is one of the top stablecoin, coinmarketcap volume is much higher than 10k USD. Bitcoin fluctuations are now more interesting than before, you can earn from them. The Tether has been a very old stablecoin since 2014. Centralized exchange has only two problems KYC and no control on your funds. To save your information in centralized exchange, you can't withdraw the whole money at one time.
Title: Re: How safe is Tether.to/USDT? Post by: mich on August 05, 2020, 08:45:16 AM Tether on a tear as market cap hits $11 billion
Record BTC and USDT inflows push market cap up nearly a half a billion dollars as on-ramps for crypto get more traffic. https://decrypt.co/37636/tether-on-a-tear-at-market-cap-hits-11-billion Title: Re: How safe is Tether.to/USDT? Post by: Gunday_07 on August 05, 2020, 08:55:45 AM Tether is reliable than other stable coins apart from BUSD from binance exchange, forget the centralized thing that many are complaining about, tether gives me peace of mind than others and I'm not into any illegal activities so tether is good enough for me
Title: Re: How safe is Tether.to/USDT? Post by: mich on August 17, 2020, 09:11:45 AM How is Tether helping Bitcoin’s demand?
“Given that, on average in the last seven days, a Tether received by the median large exchange is traded 19 times, Tether is supporting tens of billions of dollars of liquidity a day.” https://eng.ambcrypto.com/how-is-tether-helping-bitcoins-demand/ Title: Re: How safe is Tether.to/USDT? Post by: Eco_111 on August 27, 2020, 03:16:34 PM It's centralized, if that's what you feared then use DAI instead but I'm more satisfied with USDT, the highest time I've hold USDT is just 5 months and no issue or whatsoever, the choice is yours to make though
Title: Re: How safe is Tether.to/USDT? Post by: ampu on September 02, 2020, 06:03:59 AM Tether is one of the top stablecoin, coinmarketcap volume is much higher than 10k USD. Bitcoin fluctuations are now more interesting than before, you can earn from them. The Tether has been a very old stablecoin since 2014. Centralized exchange has only two problems KYC and no control on your funds. To save your information in centralized exchange, you can't withdraw the whole money at one time. I agree with your point of view. Although there are many stable coins currently available, tethers are the most popular of the trading pairs and have better liquidity than other stable coins. Compared to previous years, tether has issued more than 13 billion tethers, which helps investors to choose as a shelter when the market has bad signals.Title: Re: How safe is Tether.to/USDT? Post by: jacafbiz on September 02, 2020, 04:22:27 PM Very safe. Tether is one project that people failed to give the due credit it deserves in this space, Tether team has been here during the thick and the thin period and have served the space well. I believe it is the best Stable coin in the space forget the FUD, people do not ask questions when USDC hit $1 Billion marketcap but spread the FUD when Tether did, just do not understand
Title: Re: How safe is Tether.to/USDT? Post by: mich on September 21, 2020, 06:35:29 AM Tether is very safe and price stays at $1.
I am a holder of it as stable coin. With market cap increase 4x in 2020 to 15$ billion, thanks to the surging DeFi sector. https://cointelegraph.com/news/tether-market-cap-increases-almost-4x-in-2020-to-15-billion Title: Re: How safe is Tether.to/USDT? Post by: ruli stylon on September 21, 2020, 07:17:52 AM So far I have never saved USDT to Tether. I prefer to save it on erc20 or in an exchange which of course the legality of the market has been recognized in the country.
And so far I feel safe, depending on how we protect our assets. Title: Re: How safe is Tether.to/USDT? Post by: Google+ on September 21, 2020, 08:46:37 AM So far I have never saved USDT to Tether. I prefer to save it on erc20 or in an exchange which of course the legality of the market has been recognized in the country. There are many advantages when you store it in an exchange because we can use it for trading and instantly get a lot of profit when the market conditions are good, so instead of waiting for a very long process to send USDT to an exchange it is better to keep it in an exchange wallet.And so far I feel safe, depending on how we protect our assets. Title: Re: How safe is Tether.to/USDT? Post by: Vishnu.Reang on September 21, 2020, 12:26:10 PM Tether is very safe and price stays at $1. I am a holder of it as stable coin. With market cap increase 4x in 2020 to 15$ billion, thanks to the surging DeFi sector. https://cointelegraph.com/news/tether-market-cap-increases-almost-4x-in-2020-to-15-billion You are free to put your trust in any asset and I am not going to say anything against it. Your money, and so no one has the right to say anything against your decision. But there is no such thing as a "trusted" or "safe" resource in the world of cryptocurrency. We realized this many times, when exchanges such as Mt Gox, BTC-e, Wex.nz and Cryptopia went down all of a sudden. Now USDT is nothing more than a token which is issued by the Bitfinex exchange. Do you think that we can trust this token more than the exchange which is issuing it? Title: Re: How safe is Tether.to/USDT? Post by: wack slacker on September 21, 2020, 12:43:49 PM Right now Tether is safer than any crypto because Bitcoin and Altcoins are bleeding. The market goes down is when Tether is chosen by everyone to be the best shelter.
We often think that Tether is only guaranteed 70% of value based on the dollar but everyone uses Tether so it's liquidity is good and safe. Title: Re: How safe is Tether.to/USDT? Post by: FTrader on September 21, 2020, 01:45:53 PM The problem is not the crypto/token asset the real problem is the wallet where you store them. If you store you Tether.to/USDT on a Exchange or unsafe wallet, your are not safe. If you store it in your own wallet, you are in the safest position as you can.
Title: Re: How safe is Tether.to/USDT? Post by: TastyChillySauce00 on September 21, 2020, 02:03:49 PM Not safe for criminals or any illegal activities and fraud money, honestly I just trust USDT more than even BUSD and USDC, it's a matter of choice of course but definitely a bad choice for scammers, hackers and fraudsters I think so because the stolen amount can be frozen anytime when there was a report about that, if USDT has a very bad reputation like what already accused by some people and it will never be used by a lot of people in all of crypto exchange sites. It's just a matter of your choice and heavily depends on which exchange you decide to use. Title: Re: How safe is Tether.to/USDT? Post by: leeboy on September 21, 2020, 03:36:04 PM It safe enough to use it for everyday trading - short answer. If usdt will collapse then the whole crypto will collapse
Title: Re: How safe is Tether.to/USDT? Post by: bastian466 on September 21, 2020, 05:28:26 PM The problem is not the crypto/token asset the real problem is the wallet where you store them. If you store you Tether.to/USDT on a Exchange or unsafe wallet, your are not safe. If you store it in your own wallet, you are in the safest position as you can. So in essence the security of your money depends on how you keep it, if stored in a safe place it can reduce the risk of thieves,Free to choose a well known wallet and large exchanges. Keep your passwords lest anyone else find out. Increase security to the most level high Title: Re: How safe is Tether.to/USDT? Post by: MiningBattalion on September 21, 2020, 09:07:29 PM The problem is not the crypto/token asset the real problem is the wallet where you store them. If you store you Tether.to/USDT on a Exchange or unsafe wallet, your are not safe. If you store it in your own wallet, you are in the safest position as you can. So in essence the security of your money depends on how you keep it, if stored in a safe place it can reduce the risk of thieves,Free to choose a well known wallet and large exchanges. Keep your passwords lest anyone else find out. Increase security to the most level high USDT was a safe project. Mostlly the price of usdt won't reduce below of 9.99 or 9.98 usd.So you won't lose much in this two coins.If you hold your money in a Locker, it may be stole by thieves, wallet is safer one now then that of Lockers.Don't forgot to save your private key. Title: Re: How safe is Tether.to/USDT? Post by: Shasha80 on September 21, 2020, 09:23:17 PM It is very safe to save the money we have in USDT, because the price is not volatile and very stable. So if we look at cryptocurrency
market capitalization, USDT trading volume is the highest, even USDT volume is above Bitcoin. Because investors trust is quite high in USDT. I also keep most of my capital in USDT, so there is no need to worry about the crypto market which is currently experiencing a correction. Title: Re: How safe is Tether.to/USDT? Post by: meto012 on September 22, 2020, 07:16:33 AM Hi everyone, In long term Tether is pretty unpredictable, there are both good reviews and rumors around it.I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I believe you can safely put any amount in it for a year at least, but I still would keep an eye on it and news about the company. Title: Re: How safe is Tether.to/USDT? Post by: poodle63 on September 22, 2020, 10:22:38 AM If you aren't storing big money in USDT you shouldn't be scared of getting your address freezed, spread your fund across other stable coins as well if stable coins is a must have for you, there are USDC, BUSD, DAI and few others too, I have no problem with USDT and this can't make me stop using it too tbh if anyone who uses the stablecoin didn't do anything shady or criminal then there should be nothing to be worried of in term of money freezing. most of the time they freeze and demand for KYC indeed but that's just it and it rarely happens.Moreover if the money is a small money these stablecoin provider not gonna care that much. Title: Re: How safe is Tether.to/USDT? Post by: Francis Freeman on September 22, 2020, 10:25:02 AM Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks It is always risky to hold any big amount in exchange even if is USDT which is supposedly backed by real us dollar. Always keep it in a personal wallet and preferably hardware wallet. Title: Re: How safe is Tether.to/USDT? Post by: azarharus on October 02, 2020, 06:29:31 AM Imagine a NEW crypto with the Name 'Rope' has a trading volume of over 5 millions usd on uniswap. A visit to the website 'https://rope.lol/" has a BOLD Image of a hanging rope with further inscription 'Do not buy it' followed with a grinding face that looked like someone who got scammed. I think you should understand 2 things after witnessing this particular case: 1) almost any coin possibly can be listed on uniswap, all responsibility on your side and that is the price of DEX service.In a summary, the webpage is saying. do not buy 'ROPE' you could loose everything and you will regret it. But the reverse is the case. As a matter of fact. this token made 118% within 24 hours of listing and have a volume of 5 millions usd on Uniswap. My observation on this. Most people no longer care about the objectives of a project. they just want to Make GAINS. the days of do your Research is fast diminishing and most market users cared less about what they do with their money that they can invest on a project with BOLD description "this is a scam' as long as there is a return. i tried to trade the token but after visiting the site, i lost my little sense in trading on uniswap. 2) after 2015, year when bitcoin started to hit big numbers there already were people who were here for gains only. For sure there are more of those in here now, but there tons of serious investors that are interested in projects developing Title: Re: How safe is Tether.to/USDT? Post by: jerry0 on October 02, 2020, 08:56:09 PM Hasn't tether always been close to the dollar ever since?
So if someone had a ton of tether like 5000 usdt or 50000 usdt, shouldnt they feel safe though? Title: Re: How safe is Tether.to/USDT? Post by: semobo on October 02, 2020, 09:11:11 PM Hasn't tether always been close to the dollar ever since? But do you feel safe as holding $50K or $500K in fiat? For me no. USDT is centralized and often seized even on our wallet for shady transaction history even if you are not involved in any such activity.So if someone had a ton of tether like 5000 usdt or 50000 usdt, shouldnt they feel safe though? Title: Re: How safe is Tether.to/USDT? Post by: jerry0 on October 02, 2020, 10:05:40 PM Hasn't tether always been close to the dollar ever since? But do you feel safe as holding $50K or $500K in fiat? For me no. USDT is centralized and often seized even on our wallet for shady transaction history even if you are not involved in any such activity.So if someone had a ton of tether like 5000 usdt or 50000 usdt, shouldnt they feel safe though? If i had that type of money in my US bank account, of course I would... unless im missing what you mean here? But if you had that type of money in USDT, you would be concerned? Because all i see in the last few years, tether has always been on par with the dollar... sure it might bee 0.98 at the worst i believe.. but arent you always going to pegged it to the dollar? So are you saying its possible one day if someone has like 50000 usdt... then its possible on a day... that 50000 usdt could be worth half that or nothing? Is that even possible? If so, what could make it possible? If btc is worth close to nothing? Then again it should be on par with btc right? Title: Re: How safe is Tether.to/USDT? Post by: minatour on October 02, 2020, 10:50:42 PM Though anything related to cryptocurrency is always attached to risk, but for me is better risking saving ur money with USDT than anyother coin if I get u right, when u are in USDT, nothing to fear because no dip nor dump.
Title: Re: How safe is Tether.to/USDT? Post by: semobo on October 03, 2020, 12:48:28 AM Hasn't tether always been close to the dollar ever since? But do you feel safe as holding $50K or $500K in fiat? For me no. USDT is centralized and often seized even on our wallet for shady transaction history even if you are not involved in any such activity.So if someone had a ton of tether like 5000 usdt or 50000 usdt, shouldnt they feel safe though? If i had that type of money in my US bank account, of course I would... unless im missing what you mean here? But if you had that type of money in USDT, you would be concerned? Because all i see in the last few years, tether has always been on par with the dollar... sure it might bee 0.98 at the worst i believe.. but arent you always going to pegged it to the dollar? So are you saying its possible one day if someone has like 50000 usdt... then its possible on a day... that 50000 usdt could be worth half that or nothing? Is that even possible? If so, what could make it possible? If btc is worth close to nothing? Then again it should be on par with btc right? USDT has been printed a lot in this year and no one really knows it is pegged to the dollar value or enough of USDT in the reserve to back it up. Compared to USDT, DAI is better stable coin to hold because it is decentralized. Title: Re: How safe is Tether.to/USDT? Post by: ekeh on October 03, 2020, 07:21:38 AM The both coin or token are stable coin, which traders normally used Tether/USDT to hold on trade, while analysing the market movement, in other words, the coin are designed to be stable, one is to one dollar, in the crypto currency industries.
Title: Re: How safe is Tether.to/USDT? Post by: rajakulam on October 03, 2020, 12:10:22 PM for now the movement of USDT is relatively more stable than other coins, even so in the world of cryptocurrency it is not 100% safe, because basically the nature of cryptocurrency is fluctuating
Title: Re: How safe is Tether.to/USDT? Post by: deathcode on October 03, 2020, 12:25:34 PM for now the movement of USDT is relatively more stable than other coins, even so in the world of cryptocurrency it is not 100% safe, because basically the nature of cryptocurrency is fluctuating from the past, did you see the USDT movement in the market can be very volatile? USDT is a stable asset of course its movement will not be as fast as other cryptos. although it will not equal the fiat USD, it is still believed by many to be the most popular stable asset.Title: Re: How safe is Tether.to/USDT? Post by: mich on October 12, 2020, 06:10:18 AM I read that some 'experts' are predicting that in 2021 that USDT will replace ETH with the Number.2 spot in Market Cap.
USDT right now has market cap of 15,735,170,074$ and ETH is 42,356,606,836$ so it still has some ways to go. Main reason is popularity in Stable Coins and USDT was the 1st one. Title: Re: How safe is Tether.to/USDT? Post by: VDraci on October 12, 2020, 06:22:13 AM USDT have gain strong foundation around crypto space now and if it collapse it will go down with crypto, yes, USDT is that strong, it's available on OMNI, ETH, TRON blockchain and almost 99% of crypto exchanges implement USDT pair trading, it's the no 1 stable coin out there
Title: Re: How safe is Tether.to/USDT? Post by: mich on October 14, 2020, 12:15:05 PM USDT have gain strong foundation around crypto space now and if it collapse it will go down with crypto, yes, USDT is that strong, it's available on OMNI, ETH, TRON blockchain and almost 99% of crypto exchanges implement USDT pair trading, it's the no 1 stable coin out there With 70% of the trading volume being for USDT it is no wonder why this is most popular and used Stable Coin.Just for a comparisons purpose, BITCOIN trading pairs accounts for about 15% of all trading volume. Title: Re: How safe is Tether.to/USDT? Post by: mich on October 16, 2020, 09:47:18 AM Tethers volume has now hit $600 Billion and continue to challenge BITCOIN for the Number 1 spot.
USDT transaction volume increased by 20% since last 30 days to reach this new milestone achievement. Many experts predict USDT will take over ahead of ETH in 2021. Title: Re: How safe is Tether.to/USDT? Post by: Daltonik on August 09, 2021, 01:16:10 PM Tether has released an independent accounting report that confirms the availability of reserve funds. According to the report, Tether owns $62 billion in cash or cash equivalents, including short-term deposits and commercial securities. In addition to cash equivalents, the audit report contains a section of commercial securities, which shows a reserve of certificates of deposit in the amount of $ 30 billion. https://tether.to/wp-content/uploads/2021/08/tether_assuranceconsolidated_reserves_report_2021-06-30.pdf
https://i.ibb.co/56Y7vRs/2021-08-09-181506.jpg (https://imgbb.com/) Title: Re: How safe is Tether.to/USDT? Post by: sgenuine on August 09, 2021, 05:42:15 PM First of all, you shouldn’t hold all your money in one type of stablecoin. I mean that you should diversify between USDT, USDC and maybe BUSD, depending on what platforms you use.
I don’t want to say that Tether is unsafe. According to their quarterly report (30th of July) all the $62 billion have collateral, so it seems to be safe. Moreover, it has the biggest trading volume of all stablecoins, so people really trust and use it. Title: Re: How safe is Tether.to/USDT? Post by: Daltonik on January 05, 2022, 11:09:46 AM With regard to Tether, it is also worth considering the factor of the possibility of blocking addresses by calling the "AddedBlacklist" function. The last such case occurred quite recently on December 30, an address with a balance of more than $1 million was blocked, so 560 addresses are already in the ban.
https://dune.xyz/phabc/usdt---banned-addresses Title: Re: How safe is Tether.to/USDT? Post by: VanityWallets2015 on January 05, 2022, 11:16:57 AM I think it's pretty safe since I have been using USDT for a long time now, not only that it was only widely used especially in exchanges and for what I know the USDT was backed up by real $1 so I think it's pretty safe compare to cryptocurrency if you let your money sit in USDT it can avoid crashes and unfortunate losses in the market that's why it is considered as stable coins.
Title: Re: How safe is Tether.to/USDT? Post by: Daltonik on January 24, 2022, 04:51:53 PM Since its launch, Tether has reimbursed USDT users for $87 million sent to incorrect addresses. The refund procedure is paid and amounts to $1,000 or up to 10% of the refund amount, whichever is greater. The company accepts recovery requests from $1,000. To restore the tokens, Tether blacklists the address and cancels the assets stored on it. Next, the company issues an equivalent amount of USDT to the escrow address to process and return to the rightful owner.
https://www.theblockcrypto.com/post/131258/tether-recovered-87-million-usdt-wrong-addresses-since-launch |
