Bitcoin Forum

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

Thanks in advance.

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

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

Read more here [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets (https://bitcointalk.org/index.php?topic=5204055.0)

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

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

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

There are some Truly decentralized cryptos available and DAI is one of it which is pegged to ethereum via smart contracts so no ine can be able to freeze or take access of your coins. So it can be used for long term storage but if you don't have plan to buy cryptos again for years then better convert into fiat.

In case you would like to learn what stablecoins are better, I would stress that I prefer USDT ERC-20, because there are USDT TRC-20, for the last ones you will need Tron wallet. I prefer USDT ERC-20, because you will get more opportunities and more projects to cooperate with. But it depends on the person, his aim and preferences.

USDT Concerns? do you mean like a scam or something? I think USDT remains the best stable coin at the moment. besides USDT bitcoin can be an option. do it if you choose USDT because I myself have USDT since 2017 until now it is still safe and there are no problems with the stable token

I am a huge fan for bitcoins, even at levels of above $30,000, but the upside potential is very limited at the moment. So if you just look for a coin to store value and don't look for higher prices in the future you should definitely buy some bitcoins. The price is very volatile at the moment, so it's better to buy smaller amounts over a longer period of time than to just buy at all at once. As for stablecoins I would probably go for USDt. A lot of people are already using it.

why are you concerns USDT? I think most people choose USDT as a stablecoin to exchange their assets. Currently USDT is a stable coin that many people use. so I think it will be safe for the long term

I prefer USDT stable coins because it's centralized and yes they can lock your USDT tokens, people who don't like this idea of locking are those who are into fraudulent activities online, I've seen some saying DAI is the way to go because it's decentralized well USDT has real reserve that they can't hide and I'm not so sure about DAI

of course USDT, although many people are worried about using USDT, but I personally still trust to using USDT, because the volume of USDT is also very high and besides that USDT is also listed on almost all exchange, so it is very easy for me to trading on any exchange, because I can transfer my USDT to any exchange quickly and easily.

many of us will likely do the same and hold DAI instead til things are calm.  there could be a lot of things coming with stablecoins in the future, the centralized ones like USDT and BUSD and so on. if regulations are really going tighter soon, its the stablecoin that will greatly be affected and it's not going to be surprising to see USDT  (ERC or TRC) are going to be frozen in the wallet.

I don't care about any decentralized projects, been decentralized but nothing to show for it, this was said to be more secured but it's all a lie, I wonder if SEC can go after decentralized platforms if they scam or rip their investors off, anyways the reason why I choose USDT is because they are more popular and also centralized, if anything goes wrong many will chase after them

For my current situation now, I am using USDT for a very small period of time and DAI for a somehow extended period of time more likely for weeks but not exceeding for months. I am using USDT before for my main stable coin but there are issues using it like locking and not being backed by USD in a value of 1:1.

USDT become the only stable coin become destination for all investor when bitcoin and altcoin have lower price, so they can make usdt as saving assets during bitcoin and altcoin back to higher price, I think USDT keep stable and have potential higher price depend how world situation, maybe when get good news usdt can get impact higher price although few percent but more dominance to keep stable on higher price.

I don't hold stable coins for so long, that's why I don't see any reason to patronize any decentralized stable coins like DAI, the highest I hold stable coin is for some months, USDT is enough to get the job done, volume and liquidity are like no other and top exchanges supports the centralized Stable coin too so why not?

Dai is the safest imo. It's the only one i truly trust as it's based on smart contract on the eth chain. It's a decentralized stable coin, not a custodian coin.

Ive always been an ardent user of usdt, i mean its the only stable coin ive always trusted used ever since i got into crypto, but the concerns they had of recent made me to do some research about it which made me discover its not even the safest, i mean ive always thought its the safest amogst all other stable coins but after my research, i learnt that DAI is the safest stablecoin to use, so personally, am shifting to DAI and i hope you consider it too.

so to answer your question in plain sentence, DAi is the best to use.

To be frank, considering the fud or whatever that is being spread around USDT, calls for concern, that was how it started with XRP and today, the case is still lingering but looking at the growth over the years and how huge it has grown to made a lot of people to overlook whatever fud, and also, USDT seems not to care about whatever that is being said about them. Nevertheless, since you are yet to decide when to sell, as you said in the near future, then you can use USDT just for short term reasons, but once you are ready for long term, then look towards DAI; DAI is a decentralized stablecoin which means it can't be frozen like other stablecoins. Also, holding DAI for short term is also good, at least it is been supported by a lot of exchanges now.

I personally don't like USDT because if they once lied then (which I believe they are still doing the something) nothing stop them from doing the something but everything depends on your place because most centralized stable coin is backed with fiat and if you're with that you can choose USDC or BUSD while decentralized stablecoin are goo for a long time holding they are usually backed with precious metal.
If you are planning to use a decentralized precious metal back stable coin stay away from this kind of stablecoin (https://bitcointalk.org/index.php?topic=5268787.msg54993414#msg54993414).


If you are aware of the previous allegations and scam activities are done by the USDT team you won't have seen it as the perfect stable coin to choose. But, I still don't get the reason why people still love this coin.

Let's all look at the risk side, if decentralized stable coin vanished today that's the end, there is no clue where to find the scammers since it's decentralized, this makes me thinks that decentralized projects are even more shady and dangerous, USDT was once accused of many things in the past but that's because they are centralized, making them and things around them more transparency

Traders are already anticipating that tether can be frozen inside your wallet and with regulations today, it's likely will happen when governments want to collect tax from the profits of the traders.

If you are going to move it out of the exchange and going to the Eth wallet for a long-term hold, just use DAI its safer that way. And I hope it really is as what others are telling because its decentralized.

I quite trust DAI, USDC and they are also stable coins that I reward to use every time I liquidate all of my cryptocurrencies. Usdt used to be the top choice that I came to think of, but maybe because it had a lot of problems that were not clear and this made me choose other stablecoins that I felt safe, in this space always that we will have many choices instead of just one.

It is totally okay to be concerned about USDT. I have heard your coins can get frozen anytime. So it is a risk not worth taking. Try some other stable coins that is "truly" decentralized. Maybe try one of those decentralized coins like TUSD or DAI (Do your own research. I don't know much about them and did no research. I have only heard that they are "good". You should trust your OWN opinion).
Why would you want to hold a stable coin though?

One of the rare comments in this topic that shows the other side of story! I like when people are aware of all facts before making any decision, not just about "good facts"!
I like USDT more than other stable coins, just because I got used to it... I was thinking many times to change that, but for now I didn't make that step! Simply I use USDT for quick getting in/out from the trades, and I never hold it for too long!

In general, I do not really like stablecoins, but if I choose, then I'm for Tether. Today I had to buy a USDC to participate in the Razor auction, but I'm still not sure if I will participate - the pricing is not clear there, the auction continues. And the USDC will remain lying, maybe I will throw it back to the exchange.

I would not keep any significant amount of money in USDT. They have been known to freeze accounts without explanation. People have lost millions for using USDT. This coin should be shunned in the community now IMO. DAI is the best option we have at the moment, other than DAI I would recommend HBD (HIVE BACKED DOLLAR) to use HBD you must have a HIVE account on HIVE.BLOG or sign up on hiveonboard.com


source:

https://cryptobriefing.com/tether-can-freeze-destroy-your-usdt/

https://www.coindesk.com/tether-froze-300k-of-stablecoin-hacked-after-victims-left-wallet-keys-in-evernote

https://news.bitcoin.com/tether-freezes-millions-of-dollars-usdt-40-addresses/

For now, I am still using USDT in converting my altcoins to fiat currency. I have done this transaction several times and I have never had a problem, both in terms of cost or speed.

Almost people use USDT as stable coin right now without any risk if hold on USDT coin as assets investment, but just many trader only take moment with USDT when bitcoin or altcoin down, they waiting during bitcoin or altcoin down save money on USDT coin. After bitcoin and altcoin have good moment to buy they will move assets from USDT to be altcoin or depend which coin have to buy. Every trader use USDT as saving assets because have stable price maybe change under 0.5% every time and good to keep assets value.

I trust centralized stable coins more because the centralized part is what makes every sense here, stablecoins are to be pegged with real USD right? USD is centralized as we all know it and the most near identical USD in digital form on the blockchain must be centralized, don't take this personal, it's just how is see things

If a project is here to peg USD 1:1 then why the need for decentralization? There is nothing to hide here and centralized stable coins can't run their business without proper documentation, they can't hide anything and every eye will be on them, it's no surprise that top platforms trust USDT more

I trust USDT and USDC because I can clearly see and read about the projects online, been centralized makes them more transparent to me, it's normal to doubt ,that that's what makes everything looks good, SEC was once on USDT but that don't works out in the end, Binance and other top Exchanges

I don't trust any when it comes to cryptocurrency, they are centralized which means, anything is possible and there is like chance of seizing one asset. There was news yesterday how tether froze an illegal fund which was trace to be USDT exploited from yearn finance vault.
If that was to be bitcoin, it can be seize. It's not as if I am in support of fraud, I just detest anything that has to do with centralization but since tether is mostly used in all exchange, I used that the most but don't hold them for long term.

As of now, even though USDT had its fair share of blunders, Tether is still the most flexible ALT in the market and is the one go to from exchanges both DEX and CEX. I always use it with my BTC (https://trade.kucoin.com/BTC-USDT) day trading.

Converting the profit of alts into Bitcoin is the best option , IMHO. Also, there was a issue between Bitfinex and Tether which is now solved as bitfinex repay the loans which is taken from Tether. But DAI would be a great choice if anyone want to convert alts into stablecoin.

I'll go for UST because of its liquidity but if you have some concern that it might be possibly frozen, then you can diversify it with DAI.
Make a choice or choose both, but I believe as long as you are not violating any regulatory requirement, you wouldn't face a problem, good luck.

There could be multiple things to consider when talking about conversion to stable coins. The best stable coin that I have found that seems to be worth it is USDC. All the regulations and stuff about it are really 1:1 unlike USDT. If we are talking about who has the most users and applications everywhere and anywhere in the market, it's USDT. Most of the markets have it and most people are trading with that as their base currency.

I think it's not just because you trust it but because of the more opportunities, it gives you to trade in the market. Most of us have no say with what we think about this coins but just use it because it's more practical.

no one doubts USDT. I think traders and investors have experienced how this stable asset really helps how they profit. I am the one who always uses it.

In my opinion the best stablecoin to date is USDT and see even though there is a lot of FUD but everyone still uses it, but if you still have concerns you can use USDC or DAI as another option

I wouldn't call it a blunder if they purposely produced usdt again without being backed up at a 1:1 $ ratio. Btw, now I still use USDT in small amounts myself, as long as they are proven innocent, I think USDT can still be trusted

Usdt is one of the best stable coins though it has some negative rumours in the market. But if you don’t want to take risk you should better to hold in dai. Its a good alternative for usdt. But there is a problem with dai. You know the eth transaction fee. Its the main problem
In usdt you can easily make transaction in trc20

People should not "trust" stablecoins, they are not crypto currencies and they are only stable currencies that you use instead of having the money in your bank account. Back in the day it was harder to move fiat around in the crypto world, you could had fiat in your exchange if you want to move moving fiat from one exchange to another exchange was difficult, that is the only reason why fiat was created, plus it was harder for altcoin exchanges like binance to actually list fiat, now not so much but when they first started you couldn't get your money back from them to your bank account, so things like USDT was created for this reason only.

If you have to trust a company with your money, that is already wrong and that is already gives you a huge risk, the moment that company says "sike, we got your money" and leaves you have nothing to do, and there is absolutely no guarantee they won't exit scam, it is too risky.

I am using USDT as well. It is available in almost all exchanges and it is the preferred currency used for some ICO too. Further more I can easily transfer it without fees using USDT on Tron network. So a win win for all.

What worries you about USDT coin? I personally am not too worried about saving thousands of dollars in USDT. In fact, I once kept $ 2000 in USDT to minimize the risk of loss and it wasn't bad, and in the end I changed some to convert it into other cryptos for several reasons including trying my luck with other coins. so I think USDT is safe for your money.

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

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

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

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

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

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

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

BUSD and USDT.

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

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

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

Good luck.

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

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

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

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

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

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

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

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

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

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

If you’re looking for the stable coins with more liquidity I wouldn’t say DAI, because there are others that follows, although Tether still has more liquidity over all of them for now.

True USD (TUSD) is another stable coins that you might have to look into. But I have noticed that a lot of people have started talking about DAI recently which is a sign that it is picking up and things can change from any moment for the better for it. And the good thing about DAI like you said is that there is no centralized authority, it’s just completely free on it’s own, and there is no bank that backs it.

Dividing asset in various stablecoins definitely a good idea but considering the current fee and most of the stablecoins only available in ethereum blockchain, which means ERC-20 tokens and have ridiculous fee price.
I think it's better to rethink whether he really need to save it for long term or short term, in case of long term he will be fine because he can wait until the fee problem settle down first otherwise he need to take advantage of the TRC-20 version of USDT.

Best idea to divide portfolio and DAI is the best stablecoin, IMO. Also, lending or staking is a great way to compound our stablecoins and BUSD might be a good choice to farm as more defi adoption is going on BSC. For ethereum blockchain, dai and usdt is a great choice to compound.

 ??? ??? ???

Sorry, but how you can call Tether USD transparent? I'm shocked  :o I won't tell it is a scam, but transparency it is what is lacking to USDT definitely
Maybe new decentralized projects are risky, but not Ethereum tokens (which is 2nd best secure network in crypto after btc) and DAI is becoming better and better - look at their blog please:
https://blog.makerdao.com/
only concern is high gas fee, but it affects usdt transfers, too ...

They are a lot of stable coin but the one am familiar with is Digital gold token and USDT, because i regarded as money due to it stability in value and they tend to stand the test of time i.e they tend to overcome the cryptocurrency major problem which volatility which is mostly cause by forces of demand and supply. 

If you like stablecoins and like to make some money with them, there are algo stablecoins now, the most famous one I know is bDollar, they are on binance smart chain and last I checked one sbdo was around 1800 or 1900 dollars and it was giving you profit as well. They keep printing new money, people get it because it is a stablecoin after all and they could gain interest with it, and it keeps printing more and more because there are people who would like to earn more from it as well.

I do not know how long it will go on like this since if there is a lack of interest that could result with lower price of sbdo but the price of bdo is stable and pegged to 1 dollar and will never change so you can't lose money there. It is both stable like you want it, and it is also a way to move from crypto to usd if you think crypto currencies will fall, and you make a decent return while waiting as well.

for stable coin i prefer USDT.
because at the moment i see very stable movement in the market and volume.
a month ago i sold all of the altcoins and i changed them to USDT for me to hold until price was really high.
and i am very sure if the USDT price will soon rise high

Well i like the decentralized ones and i don't like stablecoins pegged to the dollar because when the dollar comes crashing down also these stablecoins pegged to the dollar will crash too.

My top choices are DAI, SUSD and i am watching USDN (Neutrino) the erc 20 variant you can stake in any erc 20 wallet, they are all decentralized.

But i think that i will have to diversify a little so i also will be going into centralized stable coins and coins pegged to the dollar when the time has come (end of bullrun).

I want my risk to be as little as possible, so i will be going into maybe 7 different ones.

I dont like the fact that with USDT, USDC, PAX they can freeze your account with the click of a button so i won't be putting much into those.

So i don't think that there is a perfect stablecoin, you will have to diversify a little.

the stable coin i trust the most are :

1. ETH
2. DOT
3. BTC

the three of them are very good and promising altcoins to keep for now, all of them are very stable and the volume itself are so many in the market, so we don't really need to worry, in my opinion they can last for a long time.

I personally prefer USDT, but we should not forget that they also have some disadvantages.

Tether has faced accusations of insufficient reserves in the past for a variety of reasons. Although these allegations have never been proven, the company's audits are often unsatisfactory.

There are various lawsuits, such as the one filed by the New York Attorney's Office, that aim to reveal that Tether's parent company mismanages its funds and conceals losses.

I am using USDT with the TRC-20 blockchain. Even though the USDT has said there are negative issues, I myself don't care. I usually use it to send money and not for my long term savings. there is no high profit if we hold Stable coin because in terms of value it will remain. it's better to use it for transactions only and don't keep it for too long considering sometimes there is negative news

USD has TRC-20 version and it's good for the people who desperate wants to send USDT (small amount) but got annoyed by the fee that could take up the entire transaction worth LOL.
But I prefer USDC though temporarily I will just use USDT because I have no choice. Not to mention many exchanges still don't accept USDC more specifically the local crypto exchange.

Indeed, if you look at the current condition it is much better to hold back,
because right now is not the time to sell I think, so like it or not we have to be patient,
I think coins like cardano and polkadot are good too I'm pretty sure they have potential in the future,

Trust USDT, there are some issue with USDT in the past but this is the most trusted stable coin in the market.

https://coinmarketcap.com/ is telling since USDT is currently rank at number 3 in terms of marketcap and it has over $150 billion in trading volume, by simply looking at the numbers, you can already tell people trusted it.

i don't understand why a lot of concern on usdt, but for sure i trust this stable coin
because i usually use this coin to withcraw my money from exchange to exchange in TRC20

Go fo Bitcoin, that's the best plan for a long term. You don't wanna lose so much and look at how it turned right now. I never expected the price of Bitcoin to be like this, a very good sign it could go higher beyond expectations.

The only stablecoin that I trust (still not 100%) is Binance USD. I am definitely going to trust Bitfinex and its shitcoin USDT, as they are even worse than the federal reserve. The way in which they print new tokens, they have even put the federal reserve to shame. Market cap increasing by 10x in one year? Seriously? And there are people who still keep their reserve cash in USDT. Ben Bernanke could learn a lesson or two from the Tether foundation.

What level of trust you referring to? I wond dare store thousands of dollars with USDT or any other stable coins because anything can happen, it seems people are already forgetting the part where it says crypto is a high risk investment, I tend to always play safe but USDT is my favourite stable coin yet the level of trust is very low

If you don't believe in USDT I think BUSD can be an option, BUSD is a stable coin pegged to USD made by Binance.

I allocate funds in the form of BTC and ETH as my savings when needed. I am more focused on investing not trading, in my opinion, that is the best way today to use capital to generate profits in a few years, and so maybe you can conclude that there is no other choice but to store your assets in safe coins.

I am currently using USDT as a stable coin and so fair there are movements in the price of it but mostly it was really that big of movements. Probably because it is the best widely use stablecoin and also has a 32B market cap. Also, a lot of exchanges also is supporting tether conversion with a lot of tokens plus it has a high-interest rate holding a big volume of tether in your account. I think BUSD is a good stablecoin also if you are using Binance as a exchange or holding coins in that platform.

It was a good decision to trust USDT because I think it is one of the coins that can be said to be stable and has potential,
So far, the development of USDT has been good,
so maybe the coins in the future can develop even further and maybe it's just a matter of time

It is all about balancing need and amount in today's case. What do I mean? Well if you have certain amount of money at the side and you know that you will not need that money for sure and it is totally just spare at the side? You could invest that into bitcoin today and wait for years if you have to. Why years? Because, if bitcoin keeps going up from this place you still made a profit and that is a great deal, but if price of bitcoin drops a lot that means we are talking about a huge drop in your investment but if you are capable of waiting for years like I said, you could make that money back a lot.

There were tons of people who bought at around 20k in 2017 and sold in 2018 when the price dropped, if they waited they would have made nearly 3x profit right now, that is not something to joke about, so waiting is the key here.

We all like Bitcoins but during trading of Bitcoins and altcoins, stable coins play a vital role and the thread is not about whether holding bitcoins are the better choice or holding altcoins because that debate is quite obviously won by bitcoins.

I usually prefer USDT because it is right now the most popular stable coin and the market cap is humongous which brings more trust in them. I don't know what issues they have and yeah I know they don't do public audits and other important things like how much is the reserve but I still don't feel that makes them untrustworthy.

Funny that there are a lot of people that are always talking about the "Not your keys not your crypto" principle.

And they are right!

But at the same time they like stable coins like USDT, PAX, and UDSC...

Well these centralized stable coins can be switched off with the press of a button and there is nothing you can do about it if they want to.

We should promote more decentralized stable coins.

If I personally choose USDT, because the volume of USDT is very high and exists on any exchange, so it is very easy for us to make transaction using USDT and in my opinion USDT is also very safe for now, because there are still many people who use USDT as a stable coin in cryptocurrency, therefore you shouldn't hesitate to use USDT.

Yes, the most popular stablecoin is Tether (USDT) which in my opinion is currently the largest and most popular and best cryptocurrency by market capitalization and has the highest daily trading volume of all cryptocurrencies and is still reliable although there are still many potentially good stabilcoins besides USDT.
and apart from owning some USDT I still prioritize bitcoin as my mainstay which I trust of all coins.

I have similar thoughts about tether and I would rather sell and store fiat directly instead of keeping these so called stablecoins who don't have any base and the whole idea of bitcoins and crypto was to make payments decentralized and these stablecoins are now killing the basic idea itself by centralizing the reserve and the control is always in the hands of owners.

That's how it seems but every good thing might come to an end, I would rather use bianance usd because I already keep my bitcoins and altcoins at binance so if they turn scam, I am screwed anyways.

There are many stable coins available in the crypto market such as TUSD, BUSD, USDC, and USDT. I use USDT. Because I personally like TRON network. The USDT, on the other hand, is almost 1:1. And this network is very popular and trusted.

there are 3 such as USDT, DAI and BUSD. but between the stable coins above and what I believe and is often used to trade only USDT. I believe USDT can maintain its value and is safe to use as well. and sometimes I also use USDT (trc-20) when trading on poloniex.

I don't usually use stablecoins but when I do I trust USDC more than the others because it's actually backed by actual reserves unlike the others. And it's also supported on Coinbase so that makes it easier to do occasional trades.

I've also used DAI and USDT in past, but try to avoid USDT for the most part due to it not being not fully backed by actual reserves.

It sounds stupid to put all your trust on centralized projects but at the same time even decentralized projects are not safe, I would choose USDT stable coin over decentralized stable coins because it's regulated just like BUSD, USDC and others, that's it usdt all the way

as we know that most people trade with that coin as their base currency. and I say this not because it depends on most people, but because I personally believe it, USDT is a stable coin that can maintain its value or equivalent like a dollar currency,and also the USDT trc20 is very cheap and the process is fast too.

In my personal opinion, USDT is the best stable coin. USDT on trc20 is very popular at this time. Low transaction fee and super fast transaction. Day by day people are getting engaged on USDT.

For the short term maybe I believe in a limited amount of USDT stabilcoin. But in the long run I don't know which stabilcoin is the best to store. I don't really like holding stabilcoin in the long term although on the one hand this can help trader secure their fund when the market is sluggish. Since I mostly use fiat-enabled exchange, I prefer to keep fund in fiat.

Stabilcoin are mostly used by exchange as crypto trading pair rather than being stored for long period of time. There is no point in storing stabilcoin as they are not profitable.

for now I still believe in USDT as a stable coin because it has many advantages USDT has many pairs for coins in almost all markets besides it has a large network of several major coin platforms such as ethereum and tron and of course the low fee make me believe in usdt even more

If you wish to know my opinion regarding USDT then I can say you can trust this one without any hesitation. There are some other stable coins as well in this market but USDT has a right base to do well in recent future. I personally have USDT as well.

USDT is incorporated, can be frozen and not 100% supported with genuine USD fiat, so it will be more risky to hold instead of USD. Despite the fact that it's on top 3 market cap and has numerous holders, however the two of them aren't assurances to say it's protected.

IMO, if a stablecoin is listed everywhere then it's easily become one of my best stablecoin since the ease to liquidate asset is exactly the only factor that we should look into.



wtf? isn't USDT is a stablecoin meaning doesn't matter how cryptocurrency market moves its value gonna stay the same? even if there's high and low on their chart the it will eventually go back again to $1 value in no time.

I just hodl a banch of usdt because i know that every exchange support it

usually, the increase occurs in the exchange rate with the currency in the country. the value will always equal 1; 1 to USD. unfortunately, has he heard or read about the bad USDT issue on the Ethereum chain?

The cost is extremely unpredictable right now, so it's smarter to purchase more modest sums throughout a more drawn out timeframe than to simply purchase at the same time. I think USDT keep stable and have potential greater cost depend how world circumstance, perhaps when get uplifting news usdt can get sway more exorbitant cost albeit few percent however more strength to keep stable on more exorbitant cost.

Yes, usdt is the most stable coin in the crypto-currencies world which is also help to me, because at present, we see almost 99% of crypto-currency is downs the market, but few coins like usdt and usd coin are still holding their position.

Once thing I dont understand - if there is USDT, who use other stable coins and why they are even created? Still dont understand real difference between USDT/USDC/BUSD/TUSD. Their exchange rate to US dollar is 1:1 or 1:1.01. Also dont understand why one exchange could support several such stablecoins. In general, they are all USD. Why not just have single stablecoin for all purposes ?

I am completely agree with you. I think it is safer to hold our asset in USDT. Because in the current volatile market condition if you hold another coin the price can dump at any time. On the other hand, the value of USDT is a lot of fix like $1.0-0.99. In some Crypto exchanges, the transaction of USDT Tron chain is completely free like Binance, Kucoin, Bithumb Global etc.

USDT is a very good stablecoin for those who want to minimize their losses when the cryptocurrency market falls, as well as to lock in their profits. when Bitcoin and Ethereum reach their maximum historical level, then it will be possible to sell them for sure for USDT. Even today, when the cryptocurrency market has fallen by an average of 20% over the past 24 hours, the capitalization of USDT has grown instantly, because people use the power of the stablecoin to preserve their capital.

despite many rumors about USDT but until now I have trusted USDT as the easiest way to secure assets when there is storm like now, and among USDT erc20 I prefer the Trc20 version because of the lower costs when send to wallet

My most favourite stable coin is USDT. Because it is on TRON blockchain. And Tron blockchain is very fast, less cost etc. USDT coin is also a very old coin. And its market capitalization is also very good.
If we use USDT TRC-20 blockchain  it has a very minor transaction fees.

Honestly speaking there are lots of stable coins in the cryptomarket, but if you ask my opinion then I'll go with USDT. USDT is the only stable coin in the crypto world. Easy to buy & sell, best coin for trading, investors make huge money with it. Personally, I invested in USDT and fully satisfied with it.

TrueUSD (TUSD) is, in my opinion, much more reliable than USDT. The currency is also supported by the dollar. Moreover, the creators of the coin support a transparent policy and when passing systematic checks, questions about TrueUSD do not arise.

Although many more accustomed to trusting Tether, I think the popularity of USDT is well deserved. Although the name of this coin has been mentioned more than once in the context of various scandals, Tether remains the most popular stablecoin on the market.

I think there are not very many special differences between the two famous coins.

Yeah, until the Ethereum 2.0 comes things are looking bleak on the ethereum blockchain and while tron is a good alternative, there are huge number of coins been made on ethereum so people are going to suffer for sometime.

As far as stable coins are discussed, I think the Binance stable coin BUSD is the best option right now because although Tether USDT has a great volume but they never look transparent the way they operate and most of the traders use Binance so it makes sense to use their own stable coin. Frankly speaking none of these centralized stable coins impress me too much but that doesn't mean I don't use them because I have to at times and there ain't any good decentralized stable coins out there.

I had used USDT long time ago a bit, but good thing I just held it for a short amount of time because now I heard that there are stablecoins being frozen even in their own wallet.
Right below you OP, there's a reply of Jawhead999 and it pretty much sums up what stablecoins you need to use.
I think I'll follow with DAI now.

BUSD, DAI & USDT are great...
The three stable coins that I wrote above are very good but you will lose a lot if you only hold the third without generating passive income from the three. I suggest you use the features provided by Binance, you can take advantage of the BUSD, DAI & USDT liquidity pool provided by Binance. so far it has been in my favor because it has given me a share of the rewards from a sizable pool of my capital.

The stable cryptocurrency busd that I trust most.  Because all my investments are on the binance exchange. If anything happens to binance, all coins will be affected.

I will go for BUSD as it is secure in my opinion.
Even if we say, Binance collapses or any hacking incident that they may face in the future.
Your funds are secure because of their insurance on this platform, what you call SAFU.
With USDT, somewhat not comfortable with this because we don't know the absolute truth of their assets.

I chose USDT as a trusted stablecoin, because USDT volume is higher than Bitcoin volume. This is enough as the reason I make USDT a trusted
stablecoin compared to other stablecoins. After all, USDT has long been a stablecoin that has always been in the top 5 cryptocurrencies, this is
another proof that the demand for USDT is indeed quite high. Therefore, until now I am still actively using USDT as a trading pair, because USDT
can be used to store the profit I get when trading, sometimes I also use USDT to avoid volatile markets.

It is like using dollars itself because it can be tracked and frozen if they think you are wrong or anything suspicious is found. I am not indulged in any illegal means but this control over cryptocurrencies and addresses kills the purpose for which bitcoin was made.

Doesn't make any sense at all to me about holding a stable coin because the value is going to remain the same and what benefits are you going to get by holding it for years I can't really guess. Are you staking them and earning interest? If that's the case it makes proper sense but otherwise its quite perplexing.

No matter how bullish the market gets, the value of the stable coin is going to remain the same in case you are expecting any kind of price changes in stable coins.

Yes if the dollar itself does well like your country's currency goes down in terms of USD then you will benefit because you get more fiat for the same USDT you hold. That's the only positive I can think of holding USDT.

You can choose BUSD for stablecoins, besides having high liquidity, BUSD has many pairs on the Binance Exchange, besides that BUSD can also be exchanged for fiat money via p2p exchange on the Binance platform.

I also think so, but over time I realized that no one can overthrow such a giant as USDT. If you have 1000 USDT I think they don't give a damn about them, because they have billions, if they start blocking then hundreds of thousands of people will suffer, I don't think the USDT team is ready for this. But if you want maximum security, then it's better to keep it in DAI.

Best stable coin usdt for me because i can make trading for it. Otherwise you can convert others currency to like USDT. Do you know usdt very helpful currency for a trader who come here in the crypto market. Although if you want tech trading then i would like best benefits currency usdt stable coin. However you can buy bought new coin for spreading your stable like usdt currency.