Bitcoin Forum

They use alt/BTC pairs and there are very few coins with alt/USDT pairs, so in order to trade a coin, we need to always have BTC, but BTC itself has huge fluctuations and at the end of the day we don't know where it's going to be stabilized, especially if we are investing for relatively short time.
I emailed Binance, but I didn't receive any response. Why they don't use Tether pairs?

Some coins do have Tether pairs, at least on some exchanges. But  the lack of trading pairs to fiat is a huge issue. It's the main reason that the whole market often moves as one, and if all of crypto is dipping then it doesn't really matter if a particular alt has good news or not, it will get sucked down too. It's a symptom of a young market, and it will persist until we get those fiat trading pairs.

indeed trading pairs for usdt are not as many pairs as btc or eth, but every exchange always has a pair of usdt. in binance, pairs for ustd are only the highest ranked altcoins and in my opinion this is also influenced by their user requests as well.

I guess Bitcoin being the core of cryptocurrency market, therefore almost all altcoins are paired with BTC.
Though I prefer, that most of the altcoins must be paired with local fiat, or at-least with USD or EURO, and I have seen some crypto exchanges do support altcoin/fiat pairs but only for some popular and not all altcoins. I just hope some day all crypto exchanges will support each and every altcoin/fiat trading pairs in future.

simply because of lack of demand!

most of these altcoins you saw already had an alt/USDT pair but nobody ever used them so the market was just there with some open orders that never got filled and only took up (wasted) space in their database so they removed the market.
but sometimes they know there is no demand for such markets so they don't even bother adding them in first place.

you see people want to trade with their bitcoins because they want to make profit on their bitcoins and increase the amount that they have. they don't want to increase their "USDT"! because at the end of the day 1 USDT is either 1 USD or it has finally collapsed and died. but 1 BTC was worth $500 in 2016 and $1200 in 2017 and now $6000 in 2018 and will be a lot higher as we go forward.

for how much I know Tether and there is USDT. Now about 20 pairs on the Binance exchange are traded precisely with USDT. Later there will be even more

You are right, but other coins are being developed and may take place of BTC in near future so BTC may start to lose its value. BTC is just another crypto (with some issues). So BTC may also start to collapse. As you see, BTC dominance is variable, so we may see some day BTC dominance is 1%.

To double the fees they collect, maybe?  ;D

If you want to convert an alt that doesn't have a USDT pairing, you have to first buy BTC (or maybe ETH) before converting it to USDT. That's a lot of extra transaction fees collected by the exchange!

Did you not know that Bitcoin is still the most majorly traded pair in cryptocurrency market? If you use USDT, that means you need to maintain separate blockchain and supply, plus Tether itself is not scarce, it is created all the time out of thin air, unlike Bitcoin.

Bitcoin is the only true trading pair, and in fact it is the huge fluctuations that traders are attracted to. Do not blame Bitcoin, blame the altcoin. If Altcoin had great stable value, they would steadily trade against BTC.

Also, you are wrong, Binance already has USDT pairs. You just need to look it up in search.

there is only one reason why some altcoins do not make direct exchanges on the USDT because some altcoins are eager to follow very high bitcoin price fluctuations.

The major coin have USDT pairs. There's not much demand for it with other coins because of the low liquidity in their markets. IF there was enough liquidity and enough demand for it then you can be sure an exchange will add it. A lot of exchanges offer it even for lesser known alts but there isn't a whole lot of trading that goes on there.

There are some! in fact, plenty of coins trade into USDT. It depends on the exchanges.
But people usually trade into BTC/ETH anyways, and that is why alts usually dependant on BTC/ETH.

Maybe it's something very new, so don't be too surprised if there aren't many altcoin pairs for USDT, some people don't really know they need processes and updates to support more altcoins, the best still held by Bitcoin can be called coins the largest international coins and coins, only a few people question such things and most of them have no problem with that because it is only convenient to use BTC as the main exchange.

Most altcoins aren't heavily trusted so only a few of them have trading pairs.  Look at coinbase, they only have four options and its one of the biggest crypto exchange services we have.

Some exchanges use tether as a quote currency, most prefer to go with top currencies like, BTC, ETH, EOS, and it's not a must to own this currencies in order to trade what you want to, it's just what you would get after effecting an exchange.

Exhchanges will earn twice fee when you sell your alt for bitcoin and then sell bitcoin for USDT. It's unprofitable to make all alt/usdt pairs for exchanges.

I think your problem willsoon be solved as more transparent, compliant and dollar backed stable coins will soon be available so exchanges will not have any issue to offer their pair with all alts listed.

Well said which is actually true that having alt/usdt would always matter with demand because if it don't have any spark or interest then its normal for an exchange to remove it out and as being said this would only consume up space.People always matter or do prefer on alt/btc pairs and if we do tried to look up on just the volumes it would really justify that theres so much demand and its not surprising that we do see less alt and tether pairs.

because it's not very useful
as we know , exchange just adding a popular pairs
i mean , they just adding popular coins to usdt trading.

well you weren't asking some hypothetical question in some alternate universe. you are asking about NOW and in this universe! right now the demands are like what i described in that comment, and bitcoin is the only coin with real value without any indication of going down. if we start talking about what may or may not happen, then there is a much bigger chance of USDT collapsing hard since it is already shady, compared to the chances of bitcoin losing value.

as for dominance, bitcoin is not losing dominance! the total market cap of altcoins is rising and the reason for that rise is not because they are growing big it is because they have gigantic total supply that is unrealistic hence creating an unrealistic market cap.

it needs to be a solid parity at first. like the dollar parity against all the world countries. the turnover of this market causes the calculation and transactions to be made from the center of the BTC. trading between other coin units can cause speculation. so it has to be connected to BTC.

There are certainly altcoin/USDT pairs in some exchanges, if not all. At least, I am using Bittrex, Binance and Kucoin and I can definitely say those pairs are available. However, we all know even with all that, the market is still in a way tied to bitcoin which is why we get to see much ALT-BTC pairs than ALT-USDT pairs. Things might change in the long run as more altcoins are being paired with fiat, but for now, it is not like it is not happening at all with the way you painted it.

Yes, as far as I am concerned, most of the reputable exchanges that I know do have Altcoin USDT pairs even though it may not be applicable for every coin in the market but there are substantial amount of good altcoin projects that is being paired to fiat for trading purposes. They may not be as much as btc pair since we know beforehand, everything was basically tied to bitcoin but it is a start and we are going to get to see more of it in the long run which should be able to make most of the alts stand on their own.

Binance has a big influence on the cryptocurrency market. Capitalization of the all market depends on the price of BTC, so they doing a demand for BTC. In a similar way, they stimulate the growth of own BNB coins.

consider most of  the altcoin is not valuable compare bitcoin or ethereum.

You won't get any answers from them because they wouldn't allow it. All prices revolves around the Bitcoin/Alt pairing and that's why you will noticed that the consensus around is that Bitcoin really affects the price of altcoin, Why? Because of crypto revolves around Bitcoin prices. Bitcoi is far the most widely used and tradeable assets that you can find. But if you wanted to look for Coins/USDT, you can find everything here:

https://coinmarketcap.com/currencies/tether/#markets

Note: I see Binance has XRP/USDT and ETH/USDT pairs.

I was also very curious about this. But we can always sell our ALTS/convert to ETH or BTC then convert those BTC and ETH to USDT. Which will cause us more when it comes to trading fees and the lowering/increasing of prices as we convert to each.

Do most of who daytrade altcoins immediately trade the btc to usdt to lock in your profit? Because even if you made profit with the altcoin and sell it for btc... if btc then drops, well the profit you made from altcoin is not profit anymore if you were to sell the btc for usd or usdt