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In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Care to link that bad news regarding USDT? Why it should end up as a scam to you? Let's discuss that news.

If you are really worried, then choose other stable coins now. Diversifying is one of the options too.

Bad news around stablecoin usdt has been around for a long time and it still remains the market leader. If there are problems with usdt this will affect the crypto market very much and most likely it will affect you in the moment and no matter what asset you are in this moment.

As far as I know usdt is difficult to cheat, considering that many countries use usdt, the bad news heard from usdt is also experienced by other coins, even worse than that news, so there is no need to take this news seriously, you don't need to change stablecoins, but if want to add even better coins, focus on what you want to achieve now, forget the news so you don't get influenced?

Negative news about USDT began to appear in 2018, when the Trade Commission sued Bitfenix and Tether Ltd for the fact that USDT is not backed by real dollars. Nothing has changed since then, negative news about USDT appears regularly, but at the same time the coin is still functioning on the market, while the capitalization of the coin is constantly increasing. If you want to have fewer problems in the future, then use decentralized stablecoins.

You can try out other stable coins if you aren't comfortable with Usdt but this isn't the first time we are having negative news about Usdt and all along it still survived the news my only concern is it's complete centralized nature outside that it's a nice option. But can still try out other options like Busd or PAX possibly diversify your portfolio

Not blaming you for the thoughts like that but what your research tells you? If you will just refer to the news it will just affect your decision. USDT is strong and stable that's why no place for me to think that they will become scam soon.

Try to analyze the situation with your own reasoning. Decide for yourself.

  Stablecoins, as far as I'm aware, are far safer than other cryptocurrencies. Normally, you don't have to be concerned about the price dropping. When you buy a stablecoin that is tethered to the dollar, you are betting on the dollar's value. One last possibility is that the central authority does not have the collateral it claims. Because so many people use USDT, if it has an issue, that doesn't mean it can't be fixed. According to my research Tether's USD reserve is greater than 100% of all outstanding coins in the market, as declared by the firm.

I didn't hear any new bad news from USDT, is there any link that supports your statement?
There's a lot of problem before but it looks like USDT was able to surpass all those problem and suspicion about stablecoins and now, look at them they are the most safest coin to hold for especially if you want to protect your funds from the market volatility. I still hold USDT just to be ready for any possible down trend.

Now there are so many stablecoins that you can use and you choose to store your assets in cryptocurrencies, if you are afraid to use USDT because there is some bad news whose truth is still questionable, you can also use USDC, BUSD, DAI and many others.

You should keep in mind that USDT isn't fully backed by fiat US dollars (as far as I know). They used to say they had a dollar for every tether, but few months ago they released a report which shows that only around 3% of tether is backed by "cash". Rest includes assets and "commercial papers". So if everyone together tries to redeem their tether tokens for US dollar, they very likely won't be able to do so without trouble.
USDC or DAI maybe? Do your own research.

Not backing up OP but I even I have read a few times how Tether is falsely claiming that it holds the reserves needed to back the USDT coins.
It minted $2 billion new coins but it does not have the reserves needed. Thus they are profiting out of the new coins from thin air.
I am not sure how much of this is true but if it is then holding USDT is indeed a risk.
The thing is we can't even find out how much amount of USDT backed reserves it has. Are they declaring those assets publicly ?

For reference : https://theodoregreenbaum.medium.com/tether-limited-announces-that-usdt-is-backed-by-itself-55303bbd7a23

USDT seems to be real stablecoin. I am not sure there is a bad news floating around the internet, if it is then that's just out of negative marketing or paid marketing tbh who wanna bring down the best stablecoin. As far as I know USDT is just tangled up with regulatory bodies because some guy think that money laundering is being done under the USDT so it's under centralisation process? This is just not a trust issue but a complication associated with laundering, regulations etc.

More to add to this:

Well, USDT has,

Total Market Cap: $68,406,591,458
24 hours volume: $73,798,912,505

With that info, I dont think that USDT will be swiped off the crypto space immediately?


I see very low possibility for this to happen. I dont think all the crypto investors would want to sell off their USDT in single, there is no reason for that.

Trustable? It looks like they surpassed the biggest hurdle they faced but only trust USDT as much as you trust your own bank. While it's true that transferring USDT using non-custodial wallets is faster than fiat's bank-to-bank, it can be frozen whenever Tether wants it.

This is one of the most discussed topics of the whole crypto space in my opinion (along with the very high gas fees of Ethereum in the last year or so) and it is also quite an old topic. The problem with USDT is that Tether always claimed that every USDT that is minted is backed 1:1 by a real US dollar but back in 2019 they changed the wording to "We have enough reserves to back every USDT minted with a real USD". The problem with that statement is, that we don't know what those reserves are, we can not verify them, so in the end we don't have any proof that they exist at all. That is why a lot of people switched to USDC in the last few months.

I understand your concern, but in any case there are many alternatives. Explore and there are enough other projects now. As above correctly noted, negative news has existed since 2018 and maybe even earlier. So if you are worried, choose an alternative for yourself.

Bad news about USDT has been happening all too often over the past few years, but until now they still persist. That means USDT is really good.

There is no correlation between bad news and usdt is a scam, usdt is a necessity for everyone as a transaction tool, it is very unlikely that usdt will be a scam forever, there is no need to replace stablecoins because there is no relationship between scams with it, usdt has good opportunities in the future , you need to learn more about the usdt coin, or publish a link that says usdt is a scam, this will never happen.

actually I don't really follow this but I've read several articles not only now this news about usdt has been around for a long time before.
but I don't think this has much impact considering that there are so many countries that use this usdt.
apart from that, when looking at usdt I think I will be more worried about other coins because the negative news is not only about usdt but a lot of coins that are affected by this.
but what distinguishes usdt until now is still strong even though it continues to experience setbacks

I haven't heard any bad news about USDT. Can you share any such news? I trust USDT. I often convert my crypto to USDT and store it. If you have any doubts about USDT, you can use another stablecoin.

I suggest you should give an example to the OP about other decentralized stablecoins because the OP is still confused, you ordered the OP to use decentralized stablecoins but you didn't mention it, such as movies censoring "ads in it" or what you might think recommends decentralized stablecoins.

Simple, if it's a scam then why is USDT surviving to this day? No scam lasts long. You should drop the bad news source for us to see and read. So this is not considered a breeze. If you are planning to replace a stablecoin other than USDT what is a good choice? don't they all have the same stable value?

https://coinmarketcap.com/view/stablecoin/
I am also intimidated by such a huge number of stablecoins :)
USDT is the most widely used stablecoin and it is very difficult not to use it.
I prefer using Dai for long term storage.
Read the latest news in this thread
https://bitcointalk.org/index.php?topic=5247581

If you are that worried there is no point waiting for something to happen at the coin for you to make the change, just move your money to another stable coin, now most of the time you are going to face the same problems with all stable coins that are supposedly backed by fiat, since it is doubtful the one which created the coin has as much fiat as they claim it is backing their coin, so it is probably a good idea you look into decentralized stable currencies as well.

Bad news around stablecoin usdt has been around for a long time. But if there is a problem on it all of us have big issue about it because USDT is one of the best way to send money between exchanges.

So far, there is nothing bad happens to USDT, FUD is always around here, you know, Bitcoin always gets FUD, moreover bigger FUD every time spreading by big companies, popular people, and also big countries. But in fact, FUD will not decrease the trust because Bitcoin itself is valuable and we trust this.
So does the USDT, I don't think that this stable coin has a very big FUD, although some parties make some FUD about the security and also some problems related to the laws. But so far, nothing bad happens.
USDT still becomes the biggest trading volume and market cap among others.
I personally also always use USDT as the pairing in exchanges.
However, some other stable coins are also no problems.

If you want to hear about the negative news of USDT you will find plenty if you google as there is no shortage about it and you cannot trust them as they keep on minting new coins in the market all the time and there is no transparency. Bloomberg recently publish an article regarding their transparency questioning their claims about backing $69 billions as collateral and you know what, the funny aspect is that the team behind Tether did comment on the article but did not talk about showing them the collateral .

Here is the Bloomberg article (https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether)

Bad news about USDT has been around for a long time but I still find stablecoins much safer than other cryptocurrencies. Because so many people use USDT, if it crashes, it doesn't mean it can't be fixed. According to my information read and learn we all buy and trade any coin using USDT , but you can still do your own research on BUSD , USDC or DAI , that is Your decision on this is just my thoughts and suggestions.

Change it to DAI. For those that are not aware of what happened before with USDT.
They can do this; Tether Can Freeze and Destroy Your USDT (https://cryptobriefing.com/tether-can-freeze-destroy-your-usdt/)

It's true that bad news about USDT has been around for a long time, but until now USDT is still the best stable coin and even the volume is still high.
So I can say USDT is trustworthy and safe to use, but there really is no compulsion to follow my advice. It's much better if we do our own research
and analysis to determine which ones we think are stable coins that are worth using. There are quite a number of stable coins available today,
please check one by one which one we think is good.

Generally mentioning USDT like it's a common known symbol, becomes inappropriate nowadays. USDT is the symbol for many stable tokens USD-based.
Except for USDT Erc20 built in top of Ethereum blockchain, almost all the others built in other blockchains are decentralized and not owned by a centralized entity.

Information that USDT is unreliable has been appearing since its creation. There have been several audits already and all have shown that everything is fine.
Of course, some global catastrophe can happen, but if no one turns off the Internet ;) in my opinion USDT is the most reliable stable coin.

USDT being the coin with the largest daily transaction volume with the average daily volume being 2x the daily volume of bitcoin, I always trade with USDT if I see the market is too volatile so the asset will be safe. there is no doubt that USDT's success has inspired many devs. which develops fixed coins in the future.

There is a certain disdain in the crypto community about USDT because it is pegged to USD and the supply is centralized. It goes against the actual ideal that cryptocurrency hopes to emphasize - decentralization.

Now there is also the fact that USDT was the first of its kind, that is stablecoins, but correct me if I am wrong. Since it was the first, it faced a lot of criticism that time and they seem to still go on among many specific user groups.

The point is that, you can take advantage of that and use this for what it was meant to. That is using Tether as an intermediary asset to hold during the swings between bear and bull. Sell BTC for USDT at high price - hold USDT while bitcoin drop - buy bitcoin by spending USDT at low. Dont hope to keep the USDT as a hodl method - that is a wrong thing to do.

Whether you want to trust something or not, the decision rests on your judgement. I use it for such trading purposes and there has been no problems yet. If something bad happens to the USDT store, we will see how that goes.

It would be nice if you share those links here with us. Because I am very interested to read that news, not yet found any news like this.
I am regularly using stable coins and it's fine. Not yet faced any big issue with stable coin.

If you do some scam, fraud, hack, etc, Then your stable coin may get blacklisted. Without it, your coin is safe to store or use.
First elaborate more in detail, maybe after that we can give you the proper solution or answer of your problem.

Obviously USDT is trustable to me. In crypto market USDT crying its portfolio as stable coin and now market is too much vast and increasing day by day. So how i cannot believe USDT? Lot's of investors trusted in USDT and i also there. So you can easily trust on it.

I have been keeping my savings in USDT already very long time and I have not had any problems with this, but of course there is sometimes fud around USDT or other stable coins, but this is all just fud, of course, once the SEC started checking USDT and the SEC checked USDT and there were no problems with USDT, so you can safely store your money in USDT, but if someone is still afraid to do this, then there are many other stable coins in which you can also store your money if USDT does not suit you, well, I will keep keeping my money exactly in USDT, as this is not the first year I have been doing this.

probably its just a fuds so that they can convince traders to change another stable coin.  :)  by the way mate kindly share the link here so that everyone can give a good comment for that news.  Because to be honest i never heard such information about usdt as it's is the common pair of some traders since the very start, and its a stable how it become scam? Lol

True, in general USDT is a stablecoin benchmark for other stablecoins with value accuracy adopted in fiat USD so that it will always be maintained and will not make sense if it becomes a scam, because the risk is also never there.

Yes, as a special contract based on the stable feature of fiat like USD, possessing a lot of operating experience located on crypto and with some such qualities, there is no doubt about the safety and integrity of USDT in operation, many investors consider it to be a lifeboat that holds their assets while the sea is full of storms. The most recent suspicion is still only a non-transparent suspicion and has not been able to form an official news, reliability is still among the top priorities, its root is also not smaller than bitcoin when the holders are the most cunning in the market, not easy to extort their money.

USDT would have plummeted in the top rankings in the market if it wasn't a trustable coin, also, some people prefer trading with USDT because of it's volume and liquidity, they also invest in USDT because it benefits the user offering them low transaction fees, one of the recommended stablecoins by crypto enthusiasts is Tether (USDT).

USDT is trusted though there are lots of existing negative news about it, its stability is still an advantage especially for traders. We always need a stable coin as a base currency so the existence of USDT is too important in the crypto world. If it's a scam, it wouldn't last for years.

It's been a long time since there's been some bad news about usdt and until now usdt still dominates the market, you should not trust too much news that isn't necessarily true.
Currently, there are a lot of usdt users with the trust of many people and price stability that is very well maintained. I think it is very unlikely that anything bad will happen to usdt.

FUDs on USDT has been around for a long time and I can't remember how many times. USDT is considered the strongest stablecoin on the market and is supported by all exchanges. If USDT is a scam then the market will be severely affected. but I'm sure it won't happen.

Similar thoughts about reliability have been circulating in the crypto community for a long time, but no one really managed to prove the insolvency of usdt. The usdt coin is so closely related to trading that it is impossible to imagine it as a fraud.

Despite a lot of bad news about USDT, it's still one of the most popular and widely used stable coins; if you're concerned, use alternative coins. If we're talking about stability, I believe USDT and BUSD are the only stable coins in the cryptomarket, therefore choosing other coins is considerably riskier because most of them are highly volatile. However, I propose utilizing BUSD rather than USDT because we all know how BUSD is used in market exchanges, particularly in finance, so there is less doubt and anxiety of using it.

The first is that you don't prove USDT scams, so someone's analysis of what you say will not give you a definite answer. Furthermore if USDT is a scam, then 99% of the current exchanges are also involved in the scam, because 99% of the exchanges use USDT. I am not a USDT holder, I use BUSD as a stable coin. But to say USDT is a scam is difficult for me, because I have to deal with investors and exchanges that are currently trading USDT.
So how can you say that?

I think it’s FUD about USDT because i did not see any negative news in the recent. USDT is highest trading volume coin and top five ranking coin in CMC, I don’t think there are any untrusted issues. A lot of others stable coin in marketcap but i mostly using USDT then DAI. I would like to recommend USDT to you.

We have now very few negative news about this, so I am feeling it's very good going and now one of leaders in crypto market. If someone feels not good then surely he needs to replace this for any other stable coin because now we have some good stable coins in market which are working ok for crypto community.

We have enough reserves to back every USDT minted with a real USD. I think I will be more worried about other coins because the negative news is not only about USDT but a lot of coins that are also affected.

Precisely it couldn't be fully trusted, it isn't something like this token is a scam or etc rather sometimes the token in your wallet could be frozen since its considered as centralized token. I have heard some people experience that and if there something suspicious happen about your transaction, you might would encountered it too.

So far, audits have not revealed any manipulations. However, you can never be sure that someone will come up with the idea of creating additional USDTs in the future that will not be backed by real dollars. Hopefully nothing like this will ever happen, but unfortunately we can't be sure.

Can you pin point to one legal document that was published by the SEC stating that USDT is safe to invest and they are backing everything that they claim as collateral. I bet you will not find any because there is no, i am not sure why you are blindly supporting USDT, i do use them but that does not mean that i am supporting the inaccuracies and i am expecting it to go down hard one day or the other and hence i wont be holding them for the long term.
 

How does it convince us that USDT is a scam? And in fact, if you take a look at its market volume, there is nothing to see like that. It was just a claim that can prove nothing. USDT gains trust more than you do and many traders are using this as their trading pairs (including me). I don't know where you read or heard that information as it was clear to see that it was a false accusation and you better not to listen that is it only confuse you.

Bad news about USDT is often heard nowadays, but it's not easy for USDT to be scammed or destroyed. believe USDT is still the best.

I think USDT still has great trust in the public and USDT is not prone to scams anytime soon

I guess that Bitfinex will withstand all hardships and will hold its ground, it is a good project which gained trust and is even used for money transfers where the commission is negligible comparing to SWIFT.

I don't think they will scam anybody out of their USDT but what they can do is "scam or trick" the regulators or the auditors with how much they have that in their vaults and how much they have circulating in the crypto space. It should be at a 1:1. 1 USD backing of 1 USDT in crypto. I remember that that was the issue way before this, and they did it to pump BTC before, and now that BTC has reached higher highs recently, I doubt that there would be scamming involved or something unless there are hackers that use that, though.

Seems like USDT has better liquidity and it's more universally adopted especially when using other trading platforms. I don't use Binance as trade platform; I use it to buy/sell USDT. But if we're talking about risk, I think it's incredibly risky. They're not audited by 3rd parties and they're very opaque. For another option maybe you can choose DAI for stable coin.

USDT is very risky if you hold it for a long term but since they have the biggest volume, There is no way that will give up easily what they established in crypto space. They are not audited by 3rd party but they have a official bank statement notarized by a lawyer which is a good sign that they are trying to do things right. I think SEC really wants to charge them big time since there is a lot of USD in exchange to USDT flowing to there company.

I don't hear any bad news on USDT because you can Compared with other mainstream currencies, USDT is relatively stable, and the growth rate will not fluctuate greatly, and its exchange rate is basically the same as that of the US dollar.

I very rarely use Bitfinex even though you say it is easy and more profitable than SWIFT, because as long as I use the Binance exchange, it seems that there is no need for another exchange at this time.

We've known usdt for a long time and it goes without any problems, but these days also of course there are those who don't like the usdt they make bad news. This will be the trust of the disturbed community. We can't be related to that.

I'm not surprised if there is another bad news about USDT. It seems many haters in USDT I don't know why they spread FUDs about this coin. USDT is the most highest volume in the crypto market so this means people are trusted to USDT, no need to change other stablecoin.

Which references did you hear about the USDT scam. Can you prove the news here?
So far USDT is a very stable coin with a price of $1 and you can see for yourself how stable USDT is on market charts. I think it's fake news before you can prove it.

If you are seeking people’s recommendation, then it’s better to invest on Btc.
Though I won't say that USDT is bad.
It’s one of the most popular coin after BTC and ETH probably.
But yes if you are seeking for good profits in shorter period of time, then better to go for ETH or BTC.
Rest is upto you.

What are you worried about with USDT? And what happened to Tether that you think USDT is a scam? Exchange of other coins with USDT so far will generate large profits for USDT, so that the number of USDT circulation is increasing. Perhaps the most basic question about Tether is, does Tether have USD reserves with the amount of USDT circulating in the crypto market today? Of course Tether has foreign exchange reserves in accordance with the amount of USDT although it is not in real money, but it can also be in the form of Bitcoin.

USDT a digital fiat currently peggd to the value of one US dollar and also backed by a real dollar is the most reliable stablecoin to be used in process of hedging against the volatile prices of crpto and also the alternative to use in saving money in as compared to saving it in the bank or any financial institution that promises to keep your funds safe enough for you.

I actually think that USDT is something that has quite a big risk, especially for the long term.
they are supervised and audited by a third party in this case indirectly they are the same as someone who is behind it and this makes usdt not good enough for the long term.
I'm not saying it's bad but with a system like this it will be very risky in the long term even though their liquidity is large

maybe there was some bad news about usdt but for now it is resisting and it is the main stablecoin also adopted by many exchanges as a unit of measurement / value however as valid alternatives i would say that there are busd and dai

As used to prevent big losses when red downfall is ongoing, USDT is one of the best option to trade your crypto while waiting for the final dip, experienced traders use this stable coin as good advantage controlling the value of your investment capital, but if you are talking about long term, I follow you with your opinion, is not good for investment those negative news about this coin will hurt the reputation in some point.

If you want or if you are planning to find an alternative, BUSD, USDC and DAI serves as how USDT being used from this industry
you can use one or more if you are not comfortable placing your entire money with one basket.

If you want to hold USD, then just hold USD and if you are an active trader, then hold USDT to use to for everyday activities in crypto trading platforms. USDT is the most popular and most trusted stablecoin right now. I don't see any reason for it to happen something bad or wrong. Every exchange, even Binance prioritizes it over it's own BUSD.
If you don't trust USDT, you can just simply convert your USDT into USD or GBP or Euro or any other currency you trust. There should be one fiat that you trust the most and with most of exchanges, that's not a problem.

The problem in converting into any of those fiats is, you may need to clear KYC for doing so. In most countries you cannot sell your crypto for fiats without unveiling your identifications. So, this is the reason why most people here are still depending on tether and other stablecoins.

Even usdt is not trustable fully, I guess for time being may go with it but only in small amount and only for short duration of holding.

I believe when you are already dealing with USDT and want to convert with your fiat, most exchanges are already asking for KYC, so you can't really avoid this requirement anymore. Anyway, the past of USDT was tainted when they admitted that they were not fully backed by assets way back in 2019. So I can understand the OP's worries here. But I am not following what bad news recently was he hearing. Can he elaborate more on this? Their true backing is I think the major factor why some are hesitant to go into stablecoins.

I suppose so. Despite the fact that there are always some scandals with the participation of Tezer, nevertheless, some unforeseen things have not happened for a long time, such as a drop in its price (namely, this has already happened at least 2 times).
Therefore, I think that there is nothing to worry about yet.

When all the crypto people are not having any other option, then they need to go for what most people are making use of. This is the reason I believe tether is a still highly successful stablecoin in this crypto space. But, we must need to go for something highly reliable like how we are doing bitcoin and all other decentralized coin.

When we are depending on decentralized stablecoin then there will be less possibilities of getting into problems. Hence, I believe this is must be the right time to go for a complete decentralized a stablecoin but unfortunately some people are mentioning that there is no such coin is available in crypto space yet.

I wanted to start by saying crypto is really a volatile field USDT is although consider as the stable coin consider all of it it is really hard to make scam with USDT as USD is the native token of many countries and no county wanted their currency to go to zero don't fall for the rumours and believe in the future blockchain technology

Actually, there was hate around USDT all the time, but as I know Tether Limited passed all audits. Personally I am not in favour of centralised stable coins at all as I consider them to be less safe, but centralised stable coins are usually backed, so they are more trustful. If there is confirmed news that Tether lied about collateral, tether will drop very quickly I think, so if you are doubting its reliability you should diversify and buy several types of stable coins.

there is a lot of controversial information about USDT and nobody really knows about their reserves. but may be regulation of stablecoins from USA could reveal such data because it will be mandatory to show all of them.

In my opinion, the news is inaccurate if the content of the news says that USDT is a scam. So far USDT is very stable and we have never heard of USDT being a scam. If something can't be ascertained correctly, it's better not to publish it even though it's news that you hear.
Can you show the news link here?

Even with my not very extensive experience in the cryptocurrency world, I have a positive impression about USDT. It seems to me that this is a good asset thanks to which you can fix profits without worrying that market volatility will reduce it at one moment.

Actually in the last few years, theter continues to get pressure from the SEC and they have to continue to deal with the authorities in the courts, but so far usdt has been able to survive and maintain their price stability in the market, I agree with what you say, because right now it is very the little information we can get about how big their reserves are and obviously this is a problem for the SEC, now I see on coinmarketcap if the circulating USDt supply is around 68.2 billion. But despite any controversy that exists against usdt, I personally really believe that usdt will continue to survive and become the best stable coin in the crypto world.

yes it is true for scalping and short term stable coins like this are still a good target for traders but of course those who are experts and those who already understand very well with the placement where they have to enter and where they have to get out in order to get the maximum profit.
but it never hurts for beginners to try as an exercise for them to understand better. but remember with proper TA and research don't use instinct.

I think I will try according to the advice you said thank you for the advice you offer.

If you're looking for an alternative from one stable coin to another stable coin then I have to tell you that's a futile effort. You have to understand how stable coin works first to see how risky they're. There is no such thing to reduce the risk by using the more trusted stable coin.

As long as you are in trusted site, exchange, and wallet. Usdt is safe to use and store. Scam usdt are those who are in giveaways, scam games, fake exchange, fake site, and fake wallet. Whether there is or none bad news about cryptocurrencies, usdt is strong and will stay in crypto sphere.

It is always better to diversify your portfolio and this is also true for stable coins. If you have stable coins, then you should divide them and move them into USDC, BUSD, DAI etc. No stable coin including USDT is 100% save but recently there has been a lot of negative talk about the USDT in social media which makes it even more vulnerable.

I Think USDT is trusted when you uses trustable site,exchangeand Your wallet. Many people they scam with us many ways are giveaways,scam gambling site,fake exchange, fake game.USDT is a stable coin.I think USDT they will be more development their system.

Right now Tether is being masked as a Ponzi and the possibility that it remains a mystery to the Tether CEO when he deletes twitter makes Tether's trust level wobbly and fragile. Regardless, they are of great importance to the store of value of the crypto market. But I still suspect more serious levels for them in the future. For example, the Fed with a coin is born, it will be a deep hole for Tether and the risk is coming closer to them.

I haven't heard any bad news about USDT lately that is indicating USDT might be a scam. So, I don't think that USDT has anything to do with being a scam. There have been incredible amount of people in this market who have used USDT so far. And it is one of the most credible stablecoins these days. I use USDT and BUSD when I want to keep my money in the market but not in the volatile cryptocurrencies.

I do not understand about the scam you mean. But if we look at market capitalization with market circulation is very different. Market Cap is much higher than circulating supply. Whereas in principle, to calculate the Market Cap is the price multiplied by Circulating Supply. This proves 1 USDT is not equal to 1 USD.

https://i.imgur.com/2RpkUK1.png

If you talk about scam, maybe you can explain what kind of scam you mean?

DAI is a decentralized stable coin backed up by the ethereum smart contracts which is unlike to the Tether which is simply pegged to the USD value, but tether is not really trusted as long as it gets bigger because at some point the value may drops to zero if people found that its not actually backed up with the assets.

A decrease in the price of USDT by more than 20% will cause the market to collapse, everyone will flee from it. So it will be kept stable forever, that's of interest to everyone. But let's not forget about alternatives, for diversification.

Given the present circumstances, I do not think its future is right. But now you can trust it. The way people still trade in usdt. It just shows the people's faith in him. But the news of his future is not good. So I get a little skeptical. The rest currently comes in 1 to 10 tokens on CMc.

USDT being the coin with the largest daily transaction volume beats bitcoin even 2x the transaction volume of bitcoin, this proves that USDT is the safest coin because it is stable and certainly a place to store temporarily because it avoids unpredictable markets.

You are using it the right way; it serve the purpose and if you are a wise trader, you will value this coin. Always give time to work it out and see the benefits, in terms of trust it's only you who can assess that, it can be described from how you manage to work with this coin, a part of this market in which highly usable to park your money while the market is not showing a good sign of favor your investment.

You can avoid big losses if you are able to exchange your hold assets to USDT before a huge crashed happen.

Make yourself familiar, there's always a good way to make a use of this stable asset.

This is why stable coins are popular, they allow you to get into fiat without actually sending your money to your bank account, you can get back into the market in seconds instead of waiting for days and you do not need KYC, however it is very likely that governments are already looking into this and there is going to be a strong regulation coming for those coins, and if that is the case then I will not be surprised if the popularity of those coins went down as a result of this.

What area of bad news does OP mean?
Do you mean that it is not backed by US Dollar and would be shut down?
Or is the news that USDt is no longer a stable coin, that it will dump one day?
Or is it that no one will use it in the future.
Maybe it is used to promote scam?
I don't understand, I believe usdt and other stable coins are safe Haven for traders to enable them analyse, restrategize before entering next marker.
Looking at the volume at which it's been traded with other coins, you will understand that it's in impressive dominance instead of decline.

We do have several stablecoins existing on the market.

#   Name   Change 24h
1   Tether#5USDT   +0.04%
2   USD Coin#9USDC   +0.01%
3   Binance USD#13BUSD   +0.02%
4   Dai#31DAI

Source: https://cryptoslate.com/cryptos/stablecoin/

But I don't really trust up anyone of them but as for temporary use then it could do somehow.

Yes of course USDT is a reliable stable coin. If you don't trust different currencies then you can definitely keep USDT.If you keep the USDT, you will have no risk.So I would say if you think cryptocurrency is a risk then you must keep USDT.

Stables by definition are designed to withstand all volatility. From that standpoint alone, you could tether your crypto to it, however, nothing is trustless in this environment per se.

Yes, most of the crypto markets rely and use USDT but if something was to happen to the USD, then the economy all markets will bleed. One simply can't be ignorant of this unlikely, yet potential fact. Not that it will happen but don't shut your mind to the possibility.

I think this is a natural thing to happen to usdt, because almost all existing coins continue to be associated with bad news every day, and that needs to be straightened out regarding fraud, that is not true at all, usdt is the most stable compared to memecoin currently available and does not there are reliable references that usdt is a scam, this is just a joke people say, don't believe too much in such bad news, because usdt can never be a scam.

Tether has courted lots of controversies over the years in Cryptocurrency space, and those controversies are yet to materialized.  Usdt is a very useful stable coin,  it helps lots of traders against volatility.  Newbie have been able to make sense of micro numbers associated with bitcoin and other altcoin because of stables like Usdt.  Traders and investors need Usdt as much as Usdt need traders and investors to keep it's success.  

Really? I never see any problem using USDT fair in the exchange in which I had been using it now.
And so far so good actually. would you mind if you send the link here about the bad news you are talking about
your topic here mate? and if ever it is true, you have a lot of options anyway to use in trading fair.

Despite always being involved in controversies like these:

https://cointelegraph.com/news/cftc-slaps-tether-and-bitfinex-with-a-combined-42-5-million-fine

USDT is still the most used on the market, so just keep using it but never hold USDT, don't do that. use only for day trade and don't trust USDT

At the moment i believe that usdt it isn't a scam it's just that the project was the first in its time and therefore collected many problems on its way due to the fact that there was no clear legislation for their work. Yes some claims made in the case but if we look at it the US dollar has not been backed by anything for a very long time (i'm talking about gold) and we live normally.

The problem is if USDT is really backed by fiat? As you can see minting of USDT happens almost every minute with millions of dollars fresh new and ready to circulate in the crypto market. Thether must prove this and show documents to public to avoid doubts. Why until now they have a lot of controversies? Why not settled it first so that no problems will occur in the future? So many questions but still no clear answers from the company.       

Not so true the issue developed, how could USDT be considered fraud, if the number of transactions and their use is so high today, it is necessary to compare fraud with the issue, because USDT is a necessity in conducting current transactions, even though they have to exchange first, There are sources that we can believe that USDT is a scam, you need to change the mindset to submit this kind of post, otherwise you will be considered a person who spreads a lie news, or at least you must include a link, a strong reference to the contents of the post.

I think USDT is a trusted coin and is commonly stable by its value. Several investors and traders tend to atrach by USDT since it is a stable coin such that investors converts it to USDT in order that they may not lose their coin's value when fluctuation occurs at such time. For me, it is a trusted coin and not a scam.

I wonder how people like this can make statements about usdt as a scam, even though transactions and their use is increasing nowadays, even if we see the usdt trend in the market is good, this is not based on the obvious assumptions, which refers to the posts made and It's unfortunate that this issue continues to grow, although the level of truth is uncertain, the certainty of knowledge greatly influences actions in making posts.

USDT is as stable as regular USD. The United States prints the USD constantly in large quantities, but as we see it has not fallen in price yet.

In my opinion, USDT has been hit by negative / skewed issues not only this time, even since last year there have also been issues that are not good for USDT. but believe usdt is an Altcoin that can maintain the value of your Assets. if you have a lot of Bitcoin, ethereum or Binance, you can put it in USD and your assets will remain safe. this is the advantage of USDt in my opinion. Don't believe in USDT negative issues.

Yup its trusted, no doubt with that, and everyone in the world put it into USDT when market is crashing, and no worry about that.
Beside that, every market has that pair, wich mean USDT really reliable to market as their income from us that do trade. The big volume in the marketcap also make USDT still trusted, even no guarantee if it really trusted

With those reasons, traders who understand how USDT works will continue to support this coin, from that point of view,

USDT still getting the kind of trust from traders and investors, most of those experienced traders use this asset the same way.

Converting  crypto to avoid losing the fiat value.

There are many users who will not listen to the multiple warnings and keeps on supporting the project unless they get busted or the developers run away with the money. All you need to do is to check their collateral and each and everyone can make their own assessment and see whether these are FUD or there is a chance that the developers are lying about the collateral. 

Don't ever going to believe that. Hearing those negatives things is just about to divert your mindset, are these things could prove it? I don't think so. I've been using USDT as my trading pairs and even to keep them longer on the trading site but never have the time that I'd lose it (or so-called scam). No, USDT can no longer be a scam unless if you are using a scam site and take all your deposit there but if you were using reputed exchanges, I'd never see such a thing.

I guess you will have to stop thinking that and be open to seeing the positive side. Maybe you have to try using this and for you know then.

If you think about it this way, why are hundreds of tokens being traded? Like DOGE, SHIBA and others. They are of no use except for speculation. I'm not saying that USDT is a scam, but you have to protect yourself and use an alternative, such as USDC.

USDT showed its storages twice and in both cases there was no peg 1 USDT = 1 usd. USDT is backed by a whole basket of assets that are fully pegged to the usd, which is what allows us to speak of a full peg to the dollar. In long-term storage i like more dai but usdt is more convenient to use.

Best is that never entrust your coins longer than the necessary meaning you will Only put your funds in USDT when there is a need to keep safe for a while but never take it permanently as holding.
Bitcoin and other coins is the best as the value will grow while USDT stays as is forever.
Remember that scammers sometimes took long time before revealing their main intention .

Doubts about how reliable is the USDT coin have existed from the very beginning, we must remember that we are in a decentralized market and that USDT is centralized so it is natural that many people do not trust in it blindly, however if that was not enough over the years there have been serious questions about whether or not the coin was always backed one to one with dollars and this is why despite its huge market cap many are still unsure of the credibility of the coin.

There are some stablecoin in the market and also performing well though the highest transaction is still done by tron network using USDT. Now the point it, simply, you can switch to use another stablecoin which you feel safe and better.

That is, if knowledge is not based on science, it gives birth to assumptions that have no reference to the problems that are happening in viewing the current development of usdt, most likely what is conveyed in this post is a hoax that we do not believe, even though the condition of usdt is very good and growing in the market, but it is an insider condition to make a post which is not based on in-depth study and we also have no right to take any further action on this matter.

New crypto users don't know about the USDT's crash and it's trial. It still shows how much unreliable the USDT was and the reason why many new stablecoin players come to the market. I think in the end, it was really up to users to actually trust which stablecoin and use it. For me, I don't trust USDT at all and have been moved in BUSD.

Because tron is cheaper than Erc20 and BSC. That's why people are turning to USDT in tron network because they're saving a lot of fees.

There's dai that makes other safer than USDT despite having a lot of network protocol because it's still centralized unlike the first one that has been mentioned.

Calling people behind USDT scammer is a bit far stretched. I think their business is unsustainable, set up to fail when everyone demands their USDT exchange to USD, no way they will be able to fullill all of it since even for a normal company, they don't keep fiat at their hand all time. It will be assets and such and need more time to fulfill the liquidity to USD while people start losing their hope and USDT real value will crash, no more 1 USDT for 1 USD. I don't trust or trust USDT, I see its flaw and just try my best to stay away from it or keep the USDT amount in my bag as low as I can.

No need to take any action, our job is only to straighten out what's wrong with each post, according to the references and knowledge we have, basically Usdt is a very stable coin on coinmarketcap, the trend towards it is also very good for now, even in this month the usdt is much more stable compared to the past months, so there is no strong reason to say that usdt is a scam.

Hasn't this kind of bad news for stablecoins been around for a long time? but what effect? in fact it is still the top choice for stablecoins, but indeed when there is a problem with a stablecoin especially USDT it will affect the market, and I'm sure it will affect other crypto assets.

For other alternatives there are still USDC and BUSD for a stablecoin.

Negative news always affect your decision,so, don't focus on it, instead find other important information regarding usdt to eliminate your doubt on it. USDT is a very useful stable coin which the value is equivalent to one US dollar. Also it is helpful to avoid the volatility of other coins or tokens in cryptocurrency. Although there are other stable coins in crypto space, I must prefer to use usdt. It's up to you if you look for other stable coins to use.

It is best to play it safe in this case. If you think that something might happen to usdt, translate the part into busd, usdc, in even parts. I think that there is definitely no need to worry in the near future.

As long as the transaction fee is relatively cheap, maybe I will continue to believe in USDT, because many users use USDT, because other coins are too expensive, for example like ETH, the shipping fee is quite expensive and costs quite a lot, then the most appropriate solution is using USDT, XLM, TRX, BSC, BNB, or other tokens that are not too expensive to send.

What kind of news are you talking about? USDT is still coming with a very good service. But if it is BSc network. There is no reason to change your USDT. You can use it without any hesitation

Every information we get, we need to re-examine the clarity of the information. We also need to reassess the purpose of the information, whether it is to undermine or be real with what it conveys. I'm not really sure what he said. Because most of the current exchanges believe in the existence of USDT. But if you ask about other stable coins, there are still many that you can use. For example BUSD, DAI, Pax Dollar, and many others.

I guess he got the news from the wrong source, otherwise how could news like this dare to be posted, Usdt's condition is very good for now, there is no way what he said has any level of truth, and I don't think there is an urgent need to change USDt because this coin is actually one of the most stable coins on the market, it is necessary to understand every news that comes up, so that the decision to replace is not wrong.

It was only this year that I discovered that there are people who have doubts about stablecoins like USDT, even though USDT has been used by many people in everything in the crypto space for years, so this made him laugh a little and maybe he's sleep deprived. ;D ;D

It is true that doubts about USDT have existed for a very long time and this has not affected the price at all, however there is no guarantee this is going to keep being the case, we know that markets move on emotions and if fear were to overtake those that are holding stable coins like USDT right now then I have no doubts that a significant decrease in its price could be possible, and if that happens most likely it would be impossible for you to escape such movement unharmed as you were not expecting it.

Remember Crypto is really a volatile Market so invest what you afford to lose ,USDT is consider as one of the stable crypto currency and it is really a trusted project starting in 2014 it's also backed by the real currency likes yen and dollar that's make it is reliable also it's equivalent to 1:1 to main USD currency

Me too. USDT became the whole spine of the crypto world. You can't live without a spine right? Nobody can. Maybe Joe Biden can and he probably is. USDT already proven its worth and became the backbone of crypto. I don't understand why people are making a big fuss. Bitfinex said USDT is backed by the real assets. Let's give them the benefit of the doubt. What if they are not lying?  8)

They were fined $40+ million for banking fraud but that's a nothing burger. They can print a billion in a day for fucks sake what's $40m? Are you kiddin me? That fine is small potato chips. Bitfinex's CEO is laughing his ass off.

it is very convenient! If you think that I need to send a friend to another country and I can do it by paying 1 dollar commission, it's very convenient and cheap and in general it's cool.

Yes of course USDT is a reliable coin. This USDT will remain in a stable position no matter how upside down the market is.This USDT is most effective for those who consider this cryptocurrency to be very risky.

Tether is a confidence game and if confidence was lost, USDT could quickly become worthless. Still, getting out of Bitcoin and into Tether for a few days probably poses minimal risks. If you want to use Tether to move money between exchanges or to hold dollars for a week or two, that's probably fine.

I use USDT to park if I see the market is too risky, this is a good strategy to avoid big losses, USDT is the coin with the largest transaction volume even 2x than bitcoin transaction volume, this is proof that USDT is very reliable.

Usdt is the most used stablecoin in Cryptocurrency.  Most exchanges pairs usdt with most of the coins on their exchanges.  However,  this is not to say that there are no challenges as regards issues surrounding usdt from regulators in the US.  There are also controversies about usdt bank account balance.  Putting all of these into consideration is quite worrying about.  Despite all of these, usdt is still the leading stablecoin to trade with in Cryptocurrency!

The OP should have provided the link to  source of the news to authenticate it, as far as USDT is concerned I don't think it has any trust issue, it has been my choice in trading whenever I sell at time I changed my cryptos to a stable coin mostly USDT and I had never have any issue with it, presently I have some USDT on my binance wallet which had hodl for quite a long time and very stable in price with when compared with other cryptocurrencies j

Maybe just consider those bad news as pure fuds by people hating on usdt Every project ones in a while will go through a rough patch and its up to the project to decide how to react so far tether has been stable and is doing well So I don't think trustable is the case here Look at all the exchanges you use Is there any without tether Choose your stables but USDT isn't going anywhere

You've said it yourself. USDT is a centralized stablecoin. Why would someone trust it in the first place? Only those who're new into crypto or are simply ignorant (without offending anyone, of course) will put their trust into a stablecoin manipulated by a single entity. Crypto is all about decentralization. Take that away from it and you'd get nothing more than a "glorified banking system". I'm afraid USDT won't last for long if it remains a centralized stablecoin. Anything can destroy it, putting at risk user's funds. Instead of trusting USDT, people could trust a decentralized alternative like DAI. But the number of projects and exchanges supporting it are low. At least, there is more than one stablecoin on the market. Things would've been worse if USDT was the only stablecoin in existence. Just my thoughts ;D

We've known usdt for a long time and it goes without any problems, but these days also of course there are those who don't like the usdt they make bad news. This will be the trust of the disturbed community. We can't be related to that.

Lots of rumors emerges that USDT is not really backed by USD in a bank. I also heard that it happened between 2017-2019. Nonetheless, all of these are being resolved already and nothing to worry about. Besides these are just a bridge to what you really buy in the market.

USDT is trusted though there are lots of existing negative news about it, its stability is still an advantage especially for traders. We always need a stable coin as a base currency so the existence of USDT is too important in the crypto world. If it's a scam, it wouldn't last for years.

One of the biggest stablecoin today is USDT who ranks number 5 in coinmarketcap. I don't think they scam anyone and nor they will do one. They are a regulated body and their legitimacy is in par with other industry leaders. The USDT cryptocurrency is backed by USD locked and minted by real fiat stored in a bank. Theres nothing to worry about mate but inflation.

Usdt is one of the trusted and well known to everyone. It is most popular too and people use it without any hesitation. Day by day, it is growing among large community. Rumors can arrive any time but we shouldn't care these all the time. We have to judge the potential one.

I mean that this problem arose because the topic that was created was not based on the right knowledge, but I didn't mean it for you and didn't say you have a problem with USDT, even today USDT is still very stable and worth investing in both long term and short term, moreover trying to compare it with other altcoins which are not sure if they can provide real benefits and have a level of stability like Ustd.

USDT is currently pegged to the value of one US dollar and also backed by real dollars is the most reliable stablecoin to use in the process of hedging against volatile crypto prices and also an alternative to use in storing money compared to holding it in a bank or financial institution. USDT is also often used for trading pairs.

I heard bad news about this USDT stablecoin a very long time ago and until now the coin has not had a bad impact and it is still the trust of traders to keep assets on the coin in lieu of their currency and even so we also have to be careful because all that in crypto it can happen quickly without us realizing it but I still strongly believe in USDT until now for asset switching when coin prices start to fall.

Although I don't see any problem with it, if you are scared and don't trust it then you can use other stables in the market.
USDC
BUSD
DAI
Pax Dollar
....
It's also not too different from USDT because it still represents fiat in essence.

my advice don't worry too much about any bad news about USDT. although if the failure of USDT will cause a shock in the crypto market but I think there will be a signal in advance for USDT users to anticipate in advance.
basically tether still carries risk because Tether originally claimed that each USDT was backed by US dollars in its reserves.
But the reality is more complicated, Tether is backed by a mix of:
1. Cash,
2. Cash equivalents,
3. Secured loans,
4. Corporate bonds and other Investments.

but you have to be careful if you have USDT

USDT a digital fiat currently peggd to the value of one US dollar and also backed by a real dollar is the most reliable stablecoin to be used in process of hedging against the volatile prices of crpto and also the alternative to use in saving money in as compared to saving it in the bank or any financial institution that promises to keep your funds safe enough for you.

If there is a fear of that, then you have to prepare another option to switch, although I don't see that fear as a big problem at the moment, even though the Usdt is a stable coin that needs to be maintained, even the usdt can keep the value of our currency more stable and protect it from volatility the market of fiat currency, many people have even started using USD as a substitute for other coins, rather than the big risk we will not be able to control in the future.

This is what fiat currencies are as well, the difference is that with tether you are taking in additional risks, after all it is way more likely that tether crashes first than the US government, and even if the US government is the first to crash tether will crash as well, so holding tether does not make sense, it is a useful coin if you need to stay away from the market for a few days but except for that you should never hold that coin for long.

Since the first usdt present in the crypto world is indeed the stablecoin we can rely on to store our assets, and until now there has been no problem with the stablecoin, if you hear the scam news about usdt do not easily believe because this is difficult to happen let alone usdt has stood very long as a stablecoin and every transaction we do always goes according to our wishes and very quickly, Scam news about usdt is often heard but all that never happens then don't worry about usdt at this time.

Can you share a link about usdt is scam?
currently i keep my crypto assets into stablecoins to avoid price fluctuations when i have made a profit, there are many stablecoins, USDC and BUSD are other stablecoins, nothing to worry about as long as you store them well, they will be safe with wallets kept with good.

Did you just wake up ? BNB is not a Stablecoin, :D and just an ordinary coin that already has a BSC Network and a large exchange support through Binance, so don't get me wrong about this and until now USDT is still safe and has never had any problems, so how did USDT get destroyed ? Stupid don't keep bro. ;D

I will say , "yes" . There are so many bad news about usdt. But it is a stable coin .  But if u are feeling scared so you can put it in to another stable coin just like busd etc, there is no chance of scam . But if it is than in advance the crypto market give a signle or news to everyone . Many of people Don't like usdt. So the reaction is they makes bad news about usdt.

In this issue my Answer is that yes because USDT it is one of the best stable coin in all crypto so i said that we easily say that USDT is a Trustable coin.
And this issue i advise to those people who made this type fake news so please use another coin but not made this type news.

If USDT is a scam, you can move to some stable coins available on other networks, for example USDT(trx), BUSD, USDT(bnb), USDC, some of these coins are ready to replace USDT at any time if USDT is problematic. I'm sure this is an ethereum network constraint that has problems with the density of transactions every time.

old news is back and always says USDT is a scam,
and out of all the news about USDT Scam, none of them are proven,
So can this news be trusted?
Of course not, USDT is definitely a trustworthy stablecoin with all the real evidence so far.

Trusting USDT is like trusting Fiat. There's no difference from one another except for the fact that Tether (USDT) is a digital currency controlled by a company. If you're still skeptical about USDT, then there's always the choice of other stablecoins like the ones quoted above. The more stablecoins there are, the more choices people will have in the long term. Crypto is all about being trustless, so I'd advise anyone to never put large amounts of money on USDT just to be safe. The market will carry on with or without USDT, due to the decentralized nature of crypto. As long as you diversify your investment into other crypto assets, you'll have nothing to worry about. Just my thoughts ;D

I always trade with USDT until now I always use USDT and it still looks fine, if someone says USDT is very bad it's like we read a news story that is bullshit, so there is nothing bad about USDT, it is my opinion, because I still use USDT for my transactions from the exchange to my wallet..

USDT is becoming another crypto pair in almost every exchange market.  From the arrival of the bad news until now there has been no striking change.  Like altcoins, if there is bad news, usually the price will drop. Now usdt still looks stable even though the price is going down it's because other altcoins are going up

I personally have been investing with USDT since 2017, and I didn't find any problems at all, fluctuations in the value of this coin is a very normal thing to happen in the crypto market, until now USDT is still a very good exchange, I don't think there is anything to doubt  with this stablecoin, because the movement is still very normal.

The goal of USDT is to be a stable coin that everyone can trade and that has the same value as fiat currency. That's why USDT and BUSD don't vary their pricing much; the low percentage change is due to the fact that it's not designed to be an investment asset; instead, it's a mechanism that allows us to hold money without worrying about it.

USDT is strong and stable that's why no place for me to think that they will become scam soon. :)

USDT is a strong stable token. Probably even the strongest (as in the most adopted). But if the ERC20 blockchain does not keep up and Vitalik Buterin keeps getting distracted by shiny objects, I think that we will need a stablecoin or stabletoken (not the same thing. A coin has its own native blockchain, a token does not).

The problem is scalability and gas fees. Whats the point of sending 5 usdt to a friendo if it costs you 50 bucks to send it? At this point you would be better off with a semi-decentralised blockchain like binance smart chain. At least BUSD only costs pennies to send. ;D

But I think we will see an evolution in stablecoins soon. First was the age of ICOs then STOs then Defi and soon maybe even a new generation of stablecoins. Lets just wait and see.

As far as trust goes, USDT has proven itself time and time again that it can be trusted. And nobody is going to bring down USDT. At least not any regulators.... ::)

I don't know what is happening in USDT network now but Binance had put a minimum withdrawal amount in which not happened in the past.

I think there is something coming bad to USDT? help me find answer because of this action from binance .

In what proof you can give this justification ? how strong USDT is?

I've been using USDT for almost 3 years and everything went smoothly without any problems, switching to USDT is a good thing to keep money stable, and this has proven to be effective so that USDT is the coin with the largest daily transaction volume today.

USDT has passed various audits and no doubt USDT is very reliable, we can even see the source code so that if there is anything suspicious it will be easy to find out, the daily transaction volume of USDT is 2x that of bitcoin and makes me not hesitate to save assets to USDT.

I think USDT is a Token that has better liquidity and is universally adopted when using other trading platforms. therefore I don't think USDT will be a Scam and you don't need to replace it.

I haven’t seen anyone who has any complaints against usdt yet but I'm also reading similar articles about usdt, from long ago.but see comments, everyone has positive experience of using usdt, including me. Afterwards if your analysis tells you not to believe in usdt, then thats fine. similar trustworthy stable cryptos like  usdc, busd, dai, terrausd, tusd are available for your pick

USDT is one of the most popular stable coin. most of the people gives preference to this coin. There are little hazards related to USDT. In my opinion I think that every person should choose USDT. If you are selecting stable coin then just select USDT. It is very trustworthy. 

it's just dark news used to drop USDT, no valid news that proves USDT scam. USDT operates as a second tier token on top of other cryptocurrency (crypto asset) blockchains, such as Bitcoin, EOS, Tron, Algorand, Bitcoin Cash, and OMG, and is secured by their respective hashing algorithms. you must research again if you want to know

Perhaps the talk about the unreliability of USDT is due to the fact that many are talking about the default of the US dollar. And the rest succumb to panic moods and react too actively to such news. I have not had any questions with USDT so far, so I will not create anti-advertising for the project. And what to invest your money in is the decision of each individual.

I always move my crypto to USDT when I see the market is going down, I think USDT is a trusted token and has never encountered problems, this is what makes USDT the most active token paired with any coin, even USDT's daily transaction volume is currently the largest.

The digital fiat USDT is currently pegged to the value of one US dollar and also backed by real dollars is the most reliable stablecoin to be used in the process of hedging against volatile crypto prices and also an alternative to be used in storing money compared to storing it in a bank or financial institution. whichever promises to keep your funds safe enough for you.

although the usdt movement is very stable, but I think there is nothing to doubt about this token, because its growth is very promising, if we analyze more deeply about its history, this coin has been exposed to various kinds of slanted news since 2018, but this situation does not make USDT  sinking, even the stability of USDT is very clear until now, in my opinion USDT is a very trusted token, and its security is very high because so far I have never encountered any problems when using USDT.

Yes..what you say is exactly right. Besides that, another advantage of the USDT token is that the value of this token is the same as current dollar price.

USDT is the always stable its good use people safe or no money risk, potential USDT use people safe or secure money use blockchain technology. Like as Maney chain USDT stable USDT

Ideally, this would mean that Tether is trading at $1 on all exchanges and can be used one dollar. But in practice, prices tend to fluctuate a bit.

Oh, god... Yeah, sure. And lots of big news comes from China (again). They are banning crypto, we all gonna die from starving.
Check out how often this happens to Tether and make some conclusions about their real power :)

Actually, if you are afraid of FUD which is for USDT, there are still quite a lot of other alternatives such as BUSD, USDC, and so on. Personally, I don't have any complaints about using USDT so far. Indeed, there are quite a lot of existing FUDs, such as backing up real money, only 70%, and so on. however, it does not cover that USDT is currently the most widely used stability coin. So, I think, it's still very much worth using.

People use Tether in spite of all bad news just because it is convenient and one of the most stable. It is supported by all exchanges as opposed to more trustless stablecoins. For example DAI is a decentralised one so it is considered to be more reliable,but it is less popular as it doesn't have pairs with all currencies, so it takes more time and money to exchange DAI to other coins.

Although there is bad news about Tether but we can't deny that Tether is still the choice of many people,
because if we talk about stable coins it can't be separated from Tether,
I hope that some good news will come

It seems that not only USDT has its deficiency and bad news, almost all coins have their deficiency and bad news. Even Bitcoin, which is the best
and most popular coin, has its drawbacks and bad news, because no project is perfect. For USDT haters, they will definitely spread FUD about USDT
and we don't immediately trust FUD spread about USDT. We need to check all the information and news we receive, because based on my investigation,
until now USDT is still the choice of many people. That's because USDT can be trusted, so USDT are listed on various popular exchanges. Even
my experience while using USDT has never had a serious problem, so USDT is a stable coin that I recommend to save our funds to avoid
the volatile crypto market.

Until now even more and more exchanges are making USDT as their main stable coin. If why should this be indicated a scam? USDT is currently increasingly being used as an investor's choice, especially when other cryptocurrencies fall. Or it can be said to be for asset security. Related to existing scam news may need to be reviewed again the truth.

USDT is the oldest, most established and largest stablecoin and presumably easier to integrate than other stablecoins. This doesn't mean it is the best or safest stablecoin though.
I would suggest to split your holdings across several stablecoins to avoid a large loss in case USDT or another one is going south. To me it is not a question if, but when this will happen.

I agree with your opinion, the truth when I exchange with USDT the transactions are very fast and reliable, in fact the majority of transactions that are to take from crypto to Fiat I prefer to change first to USDT and then obtain fiat, based on this in the exchanges decentralized I have had the opportunity to use a lot of BUSD and the experience has been very satisfactory, for me both usdt and busd have gone well for me, in fact when I have made some network changes I have had to work in the Factory network with FUSD and the bridge points directly to make the exchange with BUSD.

I think it's fake news made up without any explanation about the USDT issue. Now we can see that the USDT price is still stable and there are no issues with the USDT coin. Where did you get that USDT is a scam, you better digest all the news you see first and don't immediately believe in news that is not clear.

Can you provide a news source if USDT proves to be a scam? Because so far USDT is very secure even this is like a cryptocurrency bank. USDT is centralized to keep USDT safe from dangerous things such as fraud, money laundering. An alternative to USDT is BUSD. I use both, but USDT is very expensive in its transaction fees if using the ethereum network. The solution is to switch to a tron network.

depending on the perception of each. So far I'm using USDT as a trading pair and haven't had any problems at all. this shows that USDT is still feasible to use. the rest depends on how you judge it.

For me never face a single problem during trade in USDT, I am trading with USDT from 2017, if you do not trust on USDT than there are so many cryptocurriens like BUSD etc. you can trad on it

to be honest, I already believe in USDT more than in dollar. Now in UA, the dollar rate is falling, but at the same time usdt and busd are standing still. That's it.

Could you cite the sources? I regularly use USDT for trading activities, up to now I have not had any kind of problem, before giving this alarming news, wouldn't it be fair to ascertain all this? I don't want to be bad, but I did a quick search and can't find anything "serious" around

Because you are trading an asset doesn't mean you are safe, you are safe because it still hold your value.
Usdt is surrounded by allegations and has always have something to hide for the public which is not a good thing for holders.
I used USDC not because I trust but because they have this transparency in them though but not 100%

I agree with you because I myself have not experienced any problems when using USDT,
so far USDT remains a stable coin and I don't have the slightest doubt about it,
I hope the worrying news really doesn't exist

Ignore such bad news it is still highly trustable stable coin.  If you are still worried you can use BUSD or TRCusd these both also a good option but I do not see anything bad in using USDT. I don't think it will be a scam.

USDT may be the oldest stablecoin, but it's still subject to failure. The situation is even worse when the coin itself is centralized. A government crackdown or the issuer running away with the money could put an end to Tether for good. I wouldn't trust anything that's centralized since the risk of loss is always there. Instead of trusting a centralized stablecoin like Tether, you should trust a decentralized alternative like DAI.

Ultimately, you decide what you want to do with your money. The crypto market will carry on as usual with or without Tether (USDT). As long as decentralization prevails, nothing else matters. Just my thoughts ;D

Maybe people don't talk about the level of safety of trading with the USDT pair, but the level of circulating supply is getting higher. They worry that the SEC will sue the USDT coin as it did with Ripple last year. The circulation of USDT coin supply is getting higher, is it possible for USDT developers to have real assets with the amount of USDT they are developing. Since USDT is a stable coin, of course they must maintain an exchange rate equivalent to USD.

How can you claim that its trusted? Cryptocurrency is actually here because the trust on the government lost since they started to print more and more money as they wish and USDT is doing the same which is more riskier than what banks did in the past which can be same for BUSD any other centralized stable coins. DAI is truly decentralized coin but since its an erc20 the transaction fee is expensive but same as USDT erc20.

If you ask whether usd can be trusted, I think everyone is very clear about this issue. When you have been in contact with this industry for a longer time, partners should have a consensus that any centralized thing cannot be truly trusted. .

If you want to hold USD, then just hold USD and if you are an active trader, then hold USDT to use to for everyday activities in crypto trading platforms. USDT is the most popular and most trusted stablecoin right now. I don't see any reason for it to happen something bad or wrong. Every exchange, even Binance prioritizes it over it's own BUSD.
If you don't trust USDT, you can just simply convert your USDT into USD or GBP or Euro or any other currency you trust. There should be one fiat that you trust the most and with most of exchanges, that's not a problem.

Dont worry so much about news. Just think critically and determine your decision. I can see nothing that worries me about usdt.

Bad news has been around for years. Everyone still uses USDT.

As for whether USDT is reliable, I can confirm that it is possible.
In terms of technology, USDT is safe. Basically USDT is a centralized token, developed on top of the decentralized Ethereum blockchain, and backed 1:1 with US dollars stored on Tether Ltd's balance sheet as cash in the account. bank accounts and government bonds.
USDT is still considered a stable coin, at least for now and is still traded on many exchanges, although there are times when the USDT price fluctuates away from 1 USD, but the price fluctuates slightly. The movement is not too sudden.
USDT was created for the purpose of supporting BTC to be used more widely, so it is not the same as the AltCoin as we know it or this is not a coin created to compete with BTC. While other cryptocurrencies are experiencing unpredictable fluctuations, USDT has a very good stability, so you can confidently invest in USDT without worrying about price slippage. like other coins.

Crypto is all about being trustless. And Tether is the opposite of that, since it's "digitized Fiat". Using Tether is no different than using an ordinary bank account. There have been cases where USDT funds were frozen (blacklisted) by the issuer as they were deemed suspicious. You're essentially trusting a third-party to keep your funds safe in the long run. This introduces a single point of failure, which is something that goes against crypto's value proposition.

The DAI stablecoin is a much better option as it gives back power to the people. Its decentralized and censorship-resistant design, allows anyone to take control of their money without risk of getting accounts frozen or seized by a third-party. What Tether has is first-mover advantage. It's this reason why USDT is still the #1 stablecoin on the market. If it wasn't by that, DAI would've been the leading force by now. Just my thoughts ;D

Personally, I find the USDT coin to be very stable. And believe various rumors that the coin will lose its credibility. I think these are just rumors to make people panic and drain their coins. For myself, I decided that the coin was both stable and continues to bring excellent income to its holders.

Definitely it is, speaking of trustable yes because it's one of the coin that has the ability of stable in such fluctuation activity of the crypto market. If you have invest in some different coin, you can transfer or convert it to USDT when times that your coin would decrease continuously and play safe for a possibility of lost profit. That's the help of USDT as a stable coin.

I never doubted USDT however until now USDT is one of the trusted stable coins,
having stable coins like USDT or BUSD gives us options and of course that's a good thing

Yes it is true, when the market is too volatile and looks like it will drop then immediately switching to a stable coin like USDT is the best thing, the presence of stable coins especially USDT makes everyone think wisely when looking at the market, even I always switch assets with large values to USDT and I have used it for more than 3 years.

In my opinion, this is the most stable coin. And I believe that nothing bad should be. My personal recommendation on this is that everything will be fine.

That's right, they are one of the stable coins and I am currently converting some of my coins to stable coins like them and preparing to wait for the market for some time until I believe the current correction is complete.
The advantage of this stable coin is that I think we can minimize it so as not to lose too much when there is a correction

This.

I perfectly remember late 2017/early 2018. Just after the great pump in almost every coin in CMC, with the total market cap going nuts, crypto press started flooding the media with catastrophic news about USDT and about the possibility that it was a scam. In my case, and in the case of almost all of my friends, we didn't edge our portfolio (not even a part) when the market turned bearish all of a sudden, because we were afraid.

I may be wrong this time, but budlo is right: bad news on USDT have been around for some years (many years, taking into account the short life of everything crypto), it is up to you to believe it or not. To me, it is trustable, but don't be silly and diversify in different stablecoins just in case (the eggs in the basket and all that).

the news you read is bullshit. because Usdt is the best stablecoin in my opinion. and the bad news you get is that it comes from market rivals who want to bring down Usdt's name so as to make usdt unattractive to the public. and if it's true that USDT is a scam then the recommendation is DAI.

Yes, USDT has had a number of issues in the past, but those issues were not created by its users, thus it's likely that it's just a ruse manufactured by some large entities to discourage the use of USDT. USDT, in my opinion, is a pretty stable coin, and I don't have many issues with it; the only thing that counts to me is that it serves as a safe haven when the market is bearish, so there's nothing to worry about because we've been using it for how many years. If they do not trust USDT, they can turn to BUSD, another stable coin.

It is the best centralized stable coin. But no doubt the volume that it got is the highest.

But if you're in an exchange that also has DAI, you better choose the decentralized stable coin like DAI. It's just for having peace of mind if you know what they can do with an individuals USDT holdings.

USDT is the most trusted and safest coin to hold especially if you want to protect your funds from market volatility, I say until now I still hold it, The bad news about this coin has happened too many times over the last few years so don't worry and forget and trade as usual, it is the most stable coin in the crypto space, it is one of the most supported coins by all exchanges.

Indeed. I also never experienced something bad with USDT although there are some bad issues about USDT in the past. Since it is a stable coin, the price won't fluctuate like Bitcoin and other altcoins, the price move is very predictable. Before the bearish season is coming, I also plan to convert my assets to USDT. Not sure if it is a safe haven, I choose USDT because it has many pairs in exchanges, so I can easily buy any crypto coins with USDT.

It's true that we can feel safe for now but no one guarantee our funds will be safe in the years ahead, In this uncertain market some of my funds were transferred to USDT. It's better if you are uncertain about the market to take some break and continue later on and you can do some vacation before starting to trade again.

Still usdt Isn't seem trustable to you? Generally project managements could different from one to another team. many excellent projects available crypto industry but of course none of those without having single issue! and based on those issues, it shouldn’t fair to declared that project as scam! Usdt is most used & still belong to top4 currency, as well as fee friendly fast transactional. Such huge People Won't use it if it scam. i myself use usdt without any problem yet.but binance usdt, Dai, usd  coin could be also use instead of usdt

I believe, USDT is one the stable cryptocurrency token one really trust, because I have been into crypto for almost a year now, I never heard about the dump or fall in price of usdt. But there are other stable coins that one can hold without fear or tension of dumping due to cryptocurrency market situation.

We can't blame them as USDT is having legal issues and concerns.

But it's not that USDT will be fall overnight. It will take a long process before USDT can be considered as trash.

It's 100% safe to put funds on USDT now to avoid the crypto volatility and just convert it to crypto of their choice at the right time.

Yes, the USDT coin is very stable, trustworthy, secure, and very safe. It helps traders to conduct low-cost trading and protects their digital assets from severe market volatility. The USDT coin will help you to stabilize the value of your profits and thus will ensure less risk to your money. So it is an important coin and very useful for traders so don't worry about the tokens that you exchanged in USDT.

USDT developers or whoever is in charge have no control of their coins on exchanges. If there's something wrong happens, we can react right away and trade it quickly. It will count several years before that worst case scenario in USDT will happen.

It's still safe and can be trusted today. Just follow regularly some news related to USDT to keep you updated.

Do not use one stable coin. Distribute your stable coin poryofolio.
Use Usdt,Busd and Dai stable coins to store your stable coin. If one stable coin scammed you will not lose much.
For me Dai is ine of best and secure Stable coin amd very low chances id scam.

Yes , it is trustable , there are so many fuds are about usdt because few people who don't think that usdt is trustable. But it is stable crypto . And completely safe. In the crypto market usdt and busd are most papular and trustable stable coins.

interesting topic. i am also worried too.
base on coinmarketcap (https://coinmarketcap.com/currencies/tether/)
in less than 1 year USDT marketcap just pumping from 4B $ to 76B $.
its 20x, but if USDT will collapse, they will bring down entiry market to the very bottom

It will be a major shock of course if USDT really comes down, but I doubt it will have long term implications for the market. I mean for the last 3-4 years people are kind of waiting for it too happen. When the day comes many participants will be happy that this uncertainty risk factor is gone for good.

This is one better approach here if one is storing his coins in stable coin.
You need to diversify even in stable coin as you have no clue when one of them will have bad news and will fail.
USDT has their history of admitting that they were not fully backed by USD assets - remember the 2019 admittance?

https://www.coindesk.com/markets/2019/04/30/tether-lawyer-admits-stablecoin-now-74-backed-by-cash-and-equivalents/

So with this kind of situation, are you secure that USDT will not make another mistake?
So exploring your options also in BUSD or in DAI, is one better idea to safeguard your stablecoin assets.

usdt has been around for a long time and never had any problems. I do not believe that something can happen to usdt in the near future, it will be unprofitable for the entire market i think stablecoins are far safer than other cryptocurrencies,  but in any case there are many alternatives.
If you are very worried, choose another coin for yourself

I have savings in USDC, USDT and BUSD. USDT has been having a case , don't know if they settled out of court. Well USDC and USDT are my major stablecoins for savings.

Regarding the allegations that USDT is not fully backed by dollars, there have been several such cases. As far as I know, Tether has undergone at least three audits and none of them has shown any negligence. Of course, there can always be suspicions, but at the moment it is the stable coin with the highest capitalization, so in my opinion it is the safest.

USDT is one of the most stable value cryptocurrencies reflecting the price of the US dollar, we know that this is not the first time negative news has appeared, but it has had no effect and even now remains the market leader, the usdt coin is safer than other cryptocurrencies.

As long as the transaction fee is relatively cheap, maybe I will continue to believe in USDT, because many users use USDT, because other coins are too expensive, for example like ETH, the shipping fee is quite expensive and costs quite a lot, then the most appropriate solution is using USDT, XLM, TRX, BSC, BNB, or other tokens that are not too expensive to send.

well, but we don't know what effect it will bring when USDT falls. however, for now, USDT is able to maintain this Issue. people have been speculating for a long time, even this is a fact, but there is no sign of a fall in USDT. but, maybe you're right, if the USDT falls, a lot of people will think they are right. however, with the sheer volume, usage rate and volume, I think if USDT falls, it could make a lot of FUD news.
however, I didn't really trust USDT until recently, and just used it according to my needs.

Tether is a centralized stablecoin so there's always the "risk of failure". I wouldn't say it's the "safest" since nothing is safe in this world. I would trust a decentralized stablecoin like DAI more than Tether, simply because the risk of loss is minimal. There is no middleman that would freeze, confiscate, or otherwise restrict access to your funds. Not like Tether where several ETH accounts had their USDT frozen (blacklisted by the issuer himself). That greatly defeats the whole purpose of crypto which is banking for the unbanked. Using Tether is no different than using traditional banks.

I believe you're better off cashing out your crypto for real Fiat than exchanging it for a centralized stablecoin. Tether is only useful for day trading, but not as a "currency" you can rely on for savings or investment. Who knows what will be of USDT as governments begin cracking down the industry? Just my thoughts ;D

don't easily believe this kind of news because this kind of news is common in the crypto world. currently USDT is the largest stable coin, of course many will want to seize the position. when market conditions are down I usually change the assets I have to USDT, I've been doing this for the last few years and so far I haven't experienced any serious problems.

You are absolutely right mate, because I also frequently exchange my assets into USDT and in almost three years I have used USDT, not once have I had a problem with it, so it is clear that I personally would not easily believe this kind of news because it is so visible it is clear that it is politics to seize or displace USDT in cryptocurrencies.

Many rumors say that USDT is not safe, but I use USDT for more than 3 years and everything is safe, haven't found any problems, no matter how much we send then that's what we receive, even though it is stable sometimes the price also goes up or down, this is an adjustment between the algorithm and usually a few minutes it will stabilize again.

The bad news is part of the market, every day bad news and good news coming for crypto, USDT number 4 in coinmarketcap and leader since the long time this a not scam and bad news are wrong about USDT so you can hold your funds in USDT no need to convert in another stable coin.

I think many trusted coin are available in the market and some fake news about USDT that is not a trusted so first of all i say that is absolutely rong and the other thing is that anyone said this type news kindly submit with a proof.
USDT is a stable coin and a Trust full coin so people support and use to USDT stable there money so its a great and strong and wonderful Coin.

USDT is a coin that has gone through a rigorous selection and audit so that it can be ensured that it is safe, until now there has been no major issue that has disturbed USDT so that almost a year the transaction volume of USDT is the largest and is currently 2x the daily transaction volume of bitcoin.

bad news circulating about usdt does not affect its current growth at all, in fact I see these factors make usdt the more grow, this is proof that usdt is a strong and safe stablecoin to invest in, I personally have been using usdt for 2 years and no problem at all.

I thing that recently Tether is Stablecoin and the third biggest Famous cryptocurrency And  by market capitalization holder. It's also the biggest stablecoin on the market. But its popularity doesn't necessarily make it a safe investment. Because I believe the USDT does not have its own blockchain, it operates as a second-layer token on top of other cryptocurrencies  blockchains Like Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash. And from the answers of those who are currently Manageing it, questions have often arisen as to whether there will be any cheating by ether management in the future. Because their answers have proved to be very impractical. So I don't trust ether. There are now many reliable coins available in the market to replace him. He has to pass an honesty test to maintain his popularity. Only then will it survive in the market in the future.

So far I've used USDT also never had any problems and I have no hesitation in mentioning that USDT is a good and reliable stable coin,
obviously everyone has their own experience in using USDT,
so I think everyone has their own opinion on it

USDT has passed various audits and no doubt USDT is very reliable, we can even see the source code so that if there is anything suspicious it will be easy to find out, the daily transaction volume of USDT is 2x that of bitcoin and makes me not hesitate to save assets to USDT.

yes USDT can be trusted because it is a very stable coin and USDT price always follows the real dollar price. There is nothing to be afraid of from USDT, if you hear any news or information about cryptocurrencies then you better find out the truth of the news. Now that the proof is USDT is still safe to buy, don't be afraid to own USDT because this token is not a scam.

Of course, there is a fly in the ointment in this project, but still the project has been on the market for a long time and I myself use this stablecoin and did not notice anything bad, only a lot of negative news, but still many people use it.It seems to me that the main issue with USDT is the provision of real $ if everything were transparent, there would be nothing like that.

It's still being used inside crypto market, those who wanted to take some rest with this falling market simply trade their asset with USDT, same value with dollar, they can either cut their losses and try to buy back when dip continue to take place, you need to take some time before believing in anything, it's your assessment that will guide you while you are inside this market.

Don't be moved by other's opinion, better to assess it y yourself if USDT is useful or not.

Your own experienced matter when working with crypto, ;) 8)

Not only the crypto markets sadly. If tether goes down, it will affect stocks too. Everything will go down for a while because crypto is a 2 trillion dollar market now. If crypto goes down, there will be a huge wealth loss and it could be very big, just enough to trigger a world wide market collapse. Tether is a systemic risk now for everybody lives on earth.

USDT is the best stablecoin ever in crypto, and of course it is very safe to store and use usdt as an alternative exchange, it's been three years I use usdt but I didn't find any significant problems at all, although there is a lot of skewed news about usdt but until now we still see usdt equivalent to US dollar,

I know that USDT is the most commonly used stable coin in the market but I dont think it is trustable as each USDT is claimed to be backed by 1 USD but never given a proper audit and also its marketcap which have increased in 1 year from 40B $ to 76B $, do they really have that much USD to back USDT up?
I would prefer more safer decentralized stable coins like UST,DAI and USDC.

Yea  I think usdt safest stable coin recently we see a some bad news about that but nothing happened so better is hold half in busd and half in usdt so we won't face any difficulty

Trust me, USDT is a stablecoin that reflects the price of the US dollar, because it is one of the most stable coins in the crypto market, you don't have to worry about this one coin and don't be swayed by bad news. . out there, I think investing in usdt is very safe from the highest risks when a bear market comes along.

Its true that bad news is always around us on crypto .We always survive after that sun will sunshine .However i have never found any bad news concerning the stable coin USDT .If you have any provide me the legal source what can really trust to me except that everything is rumor to me .A huge amount of transaction are happening with this stable coin without any issue .Honestly i have never found any issue on that so how could i tell that to ignore it .If anything might happen we all have the news concerning it .However its trader and holder choice to use it or hold it cause we have many option too as well but i have strong believe in it and i am using it on trading and holding on it as well .

This is a quick reminder, If you have anything against USDT or you can't just trust them enough then consider terra USD (UST) the whales are moving more money with this stable coin than others this days and also terra blockchain is performing better than BSC as the news said this morning

The issue with USDT is if its really backed by USD fiat secured in banks, we all know that USDT token minted billions of dollars you cant really mint usdt tokens if not backed by anything, this is the problem thats why until now many have doubts about this stable coin.

A very small percentage of USD stable coins can be obtained by holding or stakeholding on any exchange.  Other coins, like any other coin, give a higher percentage for stacking, not stable coin. USDT stable coin has many advantages, to keep it in hold any time the market goes down and entry into a good project easily becomes the right time.

when market conditions are down most people will convert their assets to USDT to avoid bigger losses. but changing assets to USDT cannot be said to be an investment because the USDT value remains stable and will not make the assets we have increase. 4 CMC rating is enough to prove that USDT is the most used stable coin and has the largest community compared to other stable coins.

I think the information you get is not correct. because of the fact that until now USDT still survives and does not have any problems. and I think USDT is a type of crypto stablecoin that can be trusted. and there are several other stablecoins that have big fans, namely DAI.

True dat.

USDT is the back bone of the crypto world now. They have been saying that USDT is a scam for years. Nothing happened. USDT is still kicking nocoiners ass to this day. USDC and BUSD are also great coins but neither of those are as great as the almighty USDT because USDT has the first mover advantage.

Right USDT has a massive volume as the result of the first-mover advantage and now it's hard for other stable coins to beat USDT unless they bring something new. And there's hardly any room to add anything to a stable coin so it's going to be like that until and unless USDT makes a wrong move or something drastic happens with it. There have been stories that USDT cannot be trusted but being fair to them, I have never had any problems and this coin has actually solved a lot of problems. Earlier I used to convert my coins into bank money and there was always added fee from the local exchanger but now that's gone, thanks to USDT and the concept of stable coins.

I am not advocating for USDT though because it comes at its own risk and there are no audits and stuff but as a small trader myself, I love using USDT and will continue to do so.

Losing even half the amount is a risky prospect and I actually trust BUSD more than USDT despite the latter being more famous and having a bigger volume and I even think USDC is better than both of them.

Soon we need a coin that's decentralized, yet stable and still has good liquidity in the market.

You might be new so I strongly suggest you to read more about USDT. It is controlled by Tether who I am not saying will do but can always block your wallet for absolutely any reason.

Usdt is one of the coins backed by US dollar currency, but this is not the first time we have received negative news about this coin, you don't worry because usdt is a coin supported by many large and decentralized exchanges.

Instead of thinking about bad news for USDT, it's always a good idea to keep an eye on market conditions and continue to use USDT as a temporary store of value because the longer you think about the news the more work will be delayed and cannot be done.

the collapse of usdt is unlikely. it is very bad news. i think there will be many other solutions, the people behind wont let usdt have any error, i still believe in it till now.

is not the recent days that USDT have problem, the consiparcy and other problem has been on this forum for a long time if USDT really gonna scam thats will be next biggest earthquake in crypto industry we will gonna see bitcoin down for couple percent 78,149,556,327 USDT currently on circulation 78 Billion  thats a lot of money

True, I haven't found a solid basis to say USDT is not trustworthy. In fact, until now many use it as their medium of exchange.
Don't just because you have a little problem, then say it can't be trusted. We have to have really strong reasons to say that. And even if there is a problem it is something that is natural in my opinion.

Fud news about usdt has happened a lot, even a long time ago.. but I think usdt will be a stablecoin that can be trusted.

USDT has the highest marketcap of stablecoin so i'm sure it's safe, the fuds is always there because there are so many stablecoins right now which want to pump their marketcap.
Most USDT lost cases are mostly the exchange's problem so it's not the USDT itself, ethereum network is trustable since today even the fees is crazy high recently, people still used it that means it's safer than the other networks.

USDT is the leading stablecoin because of its first-mover advantage. But that doesn't mean you should trust it. After all, Tether (USDT) is centralized. The issuer can easily freeze access to your funds if he wants to. You're better off diversifying your investment into other crypto assets just to be safe. That is if you plan to use USDT as a store of value. If you only plan to use it as a trading tool, then I'd say go for it. It's much better to use USDT for day trading than Fiat itself. You'd get the best of both worlds as USDT combines the speed and efficiency of Blockchain tech, alongside the stability of the US Dollar. How long will it last will greatly depend on government regulations. As long as you don't spend more money than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts ;D

Can be trusted! now i hear bad news about USDT, many years ago many said that the coin is not licensed by any particular party, but in fact stablecoins are still surviving in the market.
USDT is one of the stablecoins that reflects the price of the US dollar, if you hold the coin it is very safe when the bear market comes.

However I don't think that there is any negative news about USDT coin, but this is not the time to hear it, I still hold stablecoins because until now they are still active in the kryto market, I know investing in stablecoins is very safe, but if you are worried about holding these coins then choose other stablecoins like USDC, BUSD of these two coins is the same as USDT coin.

Usdt is good and is not a scam, and putting or dropping you money in usdt it not make you to lose anything but it will make your money to remain of the same value without addition and subtraction, saying usdt is a scam i have heard such from any body, i believe that usdt nobody have had such mindset of calling it a scam except the form were by you change some of your coin through swapping them to usdt and send to someone, if you want to hold your stable coin hold it do not exaggerate and hesitate to have your stable coin

Usdt can't turn scam because the teams are already exposed years ago and they still have quarry with the law they can't vanish like new projects, they've been watched since they are centralised, I trust usdt and I still use this stable coin but better options are already available from DAI to UST even binance BUSD is better

Yes USDT is the first most popular fiat cryptocurrency that traded in many exchanges but nowdays it's losing it's prime because of the ETH network fees is going high, and other competitors like BNB launched it's own fiat crypto with cheaper fees.
But still USDT is the most popular i think, it spread to a lot of exchanges and people just turn it to other currencies when they want to transfer their money between exhcanges or wallet.

too much FUD on USDT, but so far I'm still using it too. besides BUSD, I also still use USDT. to be honest, I even use USDT more often than BUSD. it's just that, because of so many FUDs as the OP reads, or many say, I never hold USDT long term. on the other hand, if I aim to keep the asset in the long term, I'd rather convert it to FIAT than hold it in the long term. however, I don't trust USDT 100%, but I still use it.

Same here, my binance is more than 60% usdt. Despite the recent news that $150M was frozen by tether (https://blockchair.com/news/tether-freezes-over-150m-worth-of-usdt-stablecoin--af29dfe45c) which also means USDT is a very centralized stablecoin and the team could just freeze your money whenever they want it.


I don't know if it's a fud still because it's all over the news and it's been said over and over every time.

It seems to me that USDT is fairly safe, but some experts aren't sure its reserves are sufficient in case of a run or some type of financial contagion. I am more comfortable with USDC as it is seemingly more regulated and based in the U.S., but even then I think there's a risk. I'd like to see all stablecoins backed one-to-one with actual U.S. dollars (I'm sure they exist!).

USDT has been getting battered & FUDDED for as long as I can remember but it’s still here fighting & being used just as much as before. It is definitely trustable, you will have no problems parking your money in USDT.

Still worry and confused with USDT cryptocurrency because we don't know about the owner of this coin assets, have possibility for the owner make price dump or pump although USDT as stable coin right now. I think several years ago USDT as stable coin and allowed with real price on USDT as United State domestic money and keep have the same price, but this USDT cryptocurrency maybe have unknow supply still on creator hand how ever have possibility to make price different with real USDT of United State money.

What do you mean by "pump or dump" usdt is stablecoin and has always been since the beginning, there is no possibility of price pump or dump, except there is very bad publicity about the owners that will make the stablecoin lose value, despite all controversial information out there about usdt regarding the unknown supply (unknown supply means the owner can print even more), it still remains the highest pairing stablecoin in almost..... if not all exchange, both centralized and decentralized, and a major player in liquidity provider, it is impossible to ignore it.
However, it is left for users to pick their choice since there are other alternatives to choose from.

Personally, I find the USDT coin to be very stable. And believe various rumors that the coin will lose its credibility. I think these are just rumors to make people panic and drain their coins. For myself, I decided that the coin was both stable and continues to bring excellent income to its holders.

In USDT and Crypto World, this is a token that will never be lost.  When everyone has all the tokens, why not make a USDT by swapping it and even if the price of all the tokens fluctuates, this token remains the same in the market and remains more.  And by swiping the AT from all the tokens, it makes USDT and converts it into the currency of different countries.  So on the safe token USDT.  I profit USDT

I don't think USDT will turn to scam, it is just many fudders out there that hates USDT.. This stable coin is very old and still popular coin, so USDT is really safe stable coin but if you still doubt of using USDT then you can convert it into BUSD or DAI these are trusted stable coins as well.

Its a scam, it was proven that they keep on printing new usdt and their claim of every usdt is backed by fiat u.s.a dollar is false. Thinking that its a safe stable coin is bad and it will bite you in the future once Bitfinex closes in the future.

When the market is falling, I always move my crypto to USDT because I believe USDT is a trustworthy token that has never caused any problems. You should also check DAO maker, they let you participate without staking any platform tokens but the pool would be competitive. This would disrupt the launchpad model. Going back, This is why USDT is the most active token paired with any coin, and USDT's daily transaction volume is currently the highest.

This theory has been going online for a long time, but then why haven't any measures been taken for so many years, doesn't it seem strange to you?I think today there is no point in worrying about this, the market depends on this asset.

Actually, USDT is backed by US dollar, the company claims that they reserve the actual dollar as collateral, but as far I know they also reserved the right to issue new coins if they want without giving any reason.

only for this reason I'm not used to USDT a lot, Most often I use Dai cause it is decentralized. and 2nd one is BUSD cause it confirms its credible form all of their issued token must be held into credible form, which is low risky.

I really think like you, I don't see why they don't trust USDT, obviously BUSD is a great option, but reading all the reasons they give for distrusting the currency doesn't make sense to me, I also know that they were in problems because they are blamed for the fact that thanks to the usdt Bitfinex made a large purchase of BTC because in the investigations they concluded that they had printed or created USDT out of nowhere to buy BTC, and it is for this reason that many think that the BTC reached the $20k thanks to it.

If notice usdt market volume nowadays, you can see it is heavily using by public. Actually those negative news aren’t new, i already aware about such news since years ago but nothing is changed & nothing bad is happened yet. You can say there still possibilities but usdt is still tustable to me. thats why im still holding usdt on exchange account for trade. so shouldn't believe in such rumors, you can use usdt without having any hesitation. But on the other hand dai, tusd, usdc, busd are also trustable stable coins

If there is any doubt about USDT then you still have a lot of stablecoins in the market then you can choose any one as there are many stablecoin pairs and we can easily find them but for me at the moment I am still optimistic about it. USDT will always be my stable coin because all markets are still using that coin too.

Having a large trading volume is barely a sign of trustworthiness.

People use USDT out of necessity instead of an inherent trust for the token. Virtually every single person I know are concerned about the centralised nature of USDT as well as the fact that it is one of the few stablecoins that run with fractional reserve rather than a fully backed 1:1 system like TUSD or USDC.

Id rather get and use DAI or USDC. Or even UST for that matter - it is much more important to me to have a trustless stablecoin than liquidity per se.

Knowing that USDT is one of the top 10 rank cryptocurrency in the market makes it reliable and trustable because many crypto enthusiasts are trusting their funds most of the time into USDT than other stablecoin.

it seems that all news in crypto should always be filtered before drinking it.
i see USDT is still in good condition and still safe. so there is no need to worry about the news that has already spread.

indeed some news will affect the value of each coin and most will drop its value.
but if the coin is of good quality, then he will survive no matter what.

Almost all smart chain projects supports usdt now, it's a gigantic stable coin and probably would continue to be one of the best, they have a shady past though but that's no more, their team have also passed two audits for some time now, I see no problem using this stable coin

well, doubt will only make us pause for a moment. because of that, even though there are so many FUDs out there regarding USDT, but I still use USDT as my main choice in choosing a stable coin. the reason is easy, it's because I feel that USDT is the most used stable coin, and I feel that it is something that is safe. well, besides that I'm also used to using USDT. So, I'm not so afraid to use it.

No i don't really follow it but i saw a lot of text here but i didn't pay attention to it then this news was from a long time ago but i don't think there are many countries that use this id i think unity would be with me  There is no reason to be so worried. The reason I think is that there is no reason to be worried.