Bitcoin Forum

I don't think "USDT" are gonna to de-pegg

So, there is no problem at all while you are holding with "USDT". But off course the decision is up to you, however from my perspective with the volume and asset treasure (USDT are not gonna to de-pegg).

There’s a lot of rumors spreading around crypto world about stablecoins de-pegging and I think this is also one of the reason for a market crash which is to create FUD and Panic to people. If the rate is good with USDT and you’re ok with it then I think you are on the right path beside you’re more safe from this bear market. I can suggest that make sure you can get that USDT anytime and if you see opportunity, its better to convert it into BTC than to another Stablecoin.

USDT should be okay, if it fails entire crypto fails.

Beter dump the USDT it is not safe. Theydo not hsve sufficient backing. You neede to manage risks in this bear market and USDT is a big risk uou should not take. USDC is safer.

USDT is fine for short term but if you wanna go for long term and USDC or BUSD were the best choices caused by this stable token already licensed by the authorities. So USDC and BUSD more reliable compared with the USDT in term of various things. I meant this is much more safe compared when you are holding USDT which was backed by various things like bonds and etc. You can consider both USDC and BUSD to be stable token for your asset.

For a long time, we think the stable coins were a secure bet, but after all the Luna drama we realize those coins can crash too. But I would say the best bet is to stay closer to the one with the biggest market capitalization. As you can see:

USDT has $72,203,097,262
USDC has $54,271,521,019

That makes me feel more secure with USDT. But it's your call.

For me, the highest the market capitalization, the better. Above this post are the market capitalization of the two stablecoins.
If you are afraid on what happened on UST LUNA, I am more positive it will be impossible to happen with USDT and USDC. For me now, I have 50% on USDT and 50% USDC too.

If you stake them for a short period than you are good to go. But for ling term holding, i don't think it's a reliable method to stake your savings using one of the stable coins because of some few reasons :
- How you guarantee that those stable coins are safe for long run ?
- Based on what you may chose this stable coin or another ?
- What's the difference between using any of them and using any other form of Fiat money ?
- Some of them are backed by real dollars money, then what forbids you to use dollar itself ? Isn't much more safer ?

Holding in cryptocurrencies means investment by staking. Using a stable coin for long term investment staking seems to me like no sense .

Both were better. USDT and USDC are the safest assets and this moment and you didn't need to convert it but if you are feeling doubtful with USDT and you can convert it into the USDC. These days people didn't even care about what kind of stable token as long as they can secure their assets. i think that if still holding your USDT was a very good choice for now. In my opinion if converting it means nothing and it was also having the same mean if you are only swapping the token

I think so too but don't never say never.

Amongst all stable coins, USDT is the oldest stable coin and it has proven its strength through many drama, attacks. I hope this time, in the massive attack on stable coins, USDT will show its strength again.

Anyway, if the OP is really worrying about USDT and risk of depeg, why does OP have to consider about USDC?

It is a bit stupid my opinion, why we have to move from oldest, safest, strongest stable coin to alternative?

If we are worry about stablecoin, we should cash it out, and switch to USD. When all the attack completes, we can switch USD to USDT again. It is better and safer approach.

Cryptocurrencies do not depend on USDT, but if USDT collapses, it could cause a big crash to the market. but honestly I don't think USDT will lose its peg like UST. that's very unlikely since USDT is pegged to dollars and government bonds and not other crypto-assets.

i mean usdt not entirely backuped with usd unlike usdc, so it's not really that safes stable coin out there

Both of these are good stablecoin especially usdt as iy widely used on the cryptomarket and exchanges. But you should be ready on the risk of any kind such as depegging and freeze of account as it happened on ust luna already or some issue before that usdt got some freeze accounts. Thats really dangerous and quite sfary to know that they can do that anytime.

At this point I am totally confused that USDC is a lot safer that USDT but all in all I believe USDT is right under the nose of the law, if something is going to get wrong the team won't be making it out alive  ;D I meant running away, they once had issue with the law in the past and this put some kind of surveillance on the team.

What's the difference between both of them? they're centralized and could be frozen whenever the CEO want it. You're like comparing an apple with an apple, there's nothing difference, if you compare USDT/USDC with DAI, then it's have a difference since DAI is decentralized.

And the worst thing is you're staking most of your tokens to centralized party, if Natomi got hacked, all of your tokens will disappear since the hacker is the one who stole your tokens.

After the SEC began investigating the activities of Binance, I would not consider the BUSD stablecoin for the safe storage of my cryptocurrency savings. In this case, USDC is more preferable, but an even better option would be to withdraw your savings to fiat.

And what prevents you from diversifying your staking and using 2 stablecoins? Why choose between 2 assets when you can have both in your portfolio and still balance your stablecoin portfolio and thereby reduce risk? To me, USDC is a slightly better asset than USDT. And I believe it will be a top stablecoin in the near future. Both USDC and USDT have similar problems with short-term loss of tethering and securing their tokens with real fiat.

the best option is always going to be either holding USD (the real dollar) or bitcoin. that is because any altcoin like USDT can be dumped at any point like Luna even if they promise to never dump and remain stable.
don't forget that TETHER is run by a very shady company.

I will still support USDT, even though there is no significant difference between usdt and usdc, but when viewed from various aspects such as, transaction volume, demand, market cap, usdt is superior to usdc. In a situation like this, it is the right decision to maintain the stability of your assets. So I suggest sticking with usdt

USDT is experiencing depegging and FUD in past few days due to market dump and UST failure. You should diversify your asset in different stablecoin and avoid USDT as much as possible. BUSD and USDC show some strong  price movement against the recent market dump. It is better to move your asset there rather than USDT which is very hot in the eyes of investors and prone to panic selling when someone start a move on depegging it like what happened on UST Terra.

UST has a lot of shady activities in the past while BUSD and USDC are transparent and much safer compared to USDT nevertheless you are still the one who will gonna decide.

Staking USDT is okay but staking USDC is also okay. If you are already staking USDT as the image, you could continue and claim the reward, but you can use the reward to convert it into USDC and staking it. I am also staking USDT, but I am not trying to stake USDC, and I think it is good to start now and get the reward of buying and investing in bitcoin. That will be another benefit for me in this downtrend so I can get more profit later from bitcoin.

For me USDT is the second safest stablecoin in the whole crypto market out there. So if there should really be a massive depeg of USDT, like the price falling below 0,90 USD or something then i think this would have a massive impact on the whole crypto market and we would see a bear market like we have never seen before probably.
That being said, i still think that USDC is safer than USDT. The reason for that is pretty simple. The company behind USDT says that they have enough reserves to back every USDT minted with a real USDT but we don't know what kind of reserves those are or if they even exist. USDC is more transparent here.

Has anyone ever heard of Natome.one before.

There's dozens of these posts asking about USDC vs USDT across the web with the same screenshot, especially on reddit, and it seems like a subtle way to plug a scam without triggering our normal bullshit detectors.

I'd be happy to be wrong but it's hella sus. The site asks for the seed phrase for your wallet without creating an account.

With all fud, free falls, meltdown from Bitcoin to Ethereum and stable coins, lending platforms, venture capitals, it is not good time to keep your money in any stable coin or on any platform.

They can be depegged, can be bankrupted and can disable withdrawal anytime. It is time to stay as observers and join the bank-run. Your money should be in your own wallets or in fiat currencies, not in stable coin, any coin or on any platform.

It is not time for leverages in margin or future tradings. You will suicide if you do this.

depending on the volume with marketcap and also after seeing other expert's discussion, I think USDT will hold it's ground. Although there's always a chance of anything happening in crypto world, you gotta take the risk. This is like no risk no gain.

I’ve been staking USDT for a little while now and I have to say I am pretty happy with the results. A friend of mine got me into staking my crypto for passive income and I see it getting more and more popular as a way to make profits now.

I think tether is a pretty solid option for stakers because it’s liquidity makes it easy to trade in and out of positions. I’ve never staked USDC and I don’t know if I would want to risk it since USDT has been working pretty well for me at the moment.

My friend told me that USDT is the best staking crypto for mining pools and you get the best value so why change it up now. I only follow advice from people I respect and my friends has been doing real well so I continue to take his advice and it’s been working.

it's best to change all to USDC.

USDT hasn't been back to the exact $1 probably since the Terra (LUNA) was depegged and has been dropping in its market capitalisation (from 2022.5.9's 82B to today's 67.5B). on the other hand, it's not fully backed in cash, thus it doesn't guarantee 100% solvency.

edit 2023.3.11 - fuck my life i got this wrong.

Such following the advice of friends at some point may lead to the loss of your deposit. Look at what is happening on the market now, large funds with huge financial resources and qualified specialists are incurring losses commensurate with billions of dollars. I think if you learn more about USDT, you won't be so categorical.

I would say that USDC is being bridged to most blockchains these days and that it is a much safer bet than USDT. I'm looking forward to switching to USDC on Candle Chain and I already have switched over on Polygon.

Warning

@OP just spamming a fraudulent site. Ignore him.

lyzaeth is an alt of lyzether. See my feedback reference for it.

Also my post on the other thread:

How long are you going to stake? So far, USDT is fine enough, and no problem with this.
But, due to the bad news about USDT so far, I personally will not stake it for the long term. But if this is at least 3 months, it may be not a problem. Although we don't know exactly what stablecoins will be crashed or survive because of some news. Many people say that USDC is safer because it has backup and USDT is not. But once more, this may give a certain influence. At least, so far, USDT becomes the most used

I think choosing both is a good decision, where with the negative news that has happened to usdt, of course we have to be more vigilant, even though until now usdt is the most widely used stable coin. while usdc is a stable coin that has not had any negative news so far, and besides the two I think busd is also a stable coin of choice to park our assets, before being used to buy coins again, because I usually use stable coins to secure temporary assets

At the moment the usdt has some problems, I don't know how much acceptance is after LUNA fell with such intensity, but I think it is still very reliable, in my country some exchange houses give it as if it were a normal change of course their respective address is provided and they mostly use Binance which is where they make the free transactions, so when we start to see the market I think that in my personal opinion instead of saving or changing to USDT what I would do would be to put everything in BTC , it doesn't matter if it drops in price, it would still be bought the same, so for now all cryptos are to be careful, none is safe.

So, you staked your USDT on Natomi platform did you ? I don't know about the platform, it sounds new for me.
Anyway, USDT or USDC is the same on value, just choose the coin that more people using it.
The example for worst case is UST, stable coin from LUNA. Just hope our stable coins won't end like UST.

You shouldn't do that. If you truly think BTC going to have the bull run soon, you DCA in but not all of it in one go. If you fear USDT going to pull the plug like LUNA, try to diversify it to the other like BUSD or USDC to lower your risk of holding stablecoin.