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If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

USDT and other stable coins have risk of de-peg. You don't know stable coins will de-peg or not so if you prioritize safety of your salary, choose US. dollar.

If you are a cryptocurrency enthusiast and can afford to pay loss if a stable coin de-pegs, choose Tether USDT. Risk exists but if you can trust Tether's report for audits company, it's one of best stable coin for you to use and to store your fund in cryptocurrency.

Stablecoins: A Deep Dive into Valuation and Depegging (https://www.spglobal.com/en/research-insights/featured/special-editorial/stablecoins-a-deep-dive-into-valuation-and-depegging)

I do not think this is the right board for this topic it would be better if you bring this discussion under altcoin discussion to get a better response.

Since most of people use USDT and it is widely used so why not accept USDT instead of the US dollar because it is easier to transfer than accepting a US dollar? The only risk is how you protect your wallet from hackers I don't think there is an issue with Depeg?

There was a hack that happened I think last 2015 about USDT that made developers push to make a hard fork USDT to make the stolen USDT unspendable. I don't see any other risk of accepting USDT.

@Blackboss_ have good explanation towards stable coins.

But here's my take about what you have been asked well yes I would provably agree to accept USDT as payment on my salary since I know what to do with it and its good that I don't need to go somewhere else just to buy stable coin or other crypto also I can save fees by having that. Don't need to go anywhere just to have this coins just what I usually do when I want to have those currency just to deposit on my investment or to gamble.

But for other non crypto guy for sure they might don't like the idea to receive their salary in USDT since for sure they would struggle to find some ways to cash it out since there knowledge is limited about this coins.

Asking? No!

If forcibly given and I have no choice then I'll take it. So, that's the difference if I'm asked to receive that payment in USDT by my company, I'd say no.

But if they're forcing it to everyone and we have no option then that's it, no option to take it.

This is going to be totally dependent on personal situations. If for example, I was in a country with a really really bad government, I'd most likely take the USDT so I can leave the country immediately with fewer problems with banks if I wanted to. Otherwise, maybe not.

It wont really be an issue though if you are someone who would really be cashing it out right away on the time or once you would really be able to receive it not unless if you would really be tending to hold it for long time as an act of savings or somewhat then it is really that risky considering about on that depegging thing on which this is something that could really happen out on a certain situation on which it would
really be better to get fiat instead. Also what would really be so special on trying out to accept or getting that USDT if it would really be just that still the same in talks about value?
Its not really that something that will really be that interesting in compared on getting some other coins in the market, but well it would really be on  your choice.

I would definitely got for it, because the fiat rates of USD and USDT in my country are different, as USD is a little cheaper than USDT. So if I will be getting paid in USDT I might be getting more fiat, but yeah if the employer is more focused on the fiat rate than the USDT amount then he might calculate the USDT accordingly. But still if he do, I will go for USDT because I can transfer my USDT easily with USD and I can easily buy crypto with it.

I have two good options, as I am into crypto and if I am getting paid in crypto dollars I can easily invest in whatever coin I want and I don't have to do P2P anymore. Things will get a little easier. Even if I have to do the shopping I can easily do it with USDT as well on some online stores.

My salary is not in US dollars. I wish it were though. If given the option, yes, I would ask to be paid in USDT after all, devaluation of my currency has made it pretty useless. I am not going to accept USDT only because of its ease with cross-border payments, I will accept it because when compared to my currency, it is more stable and a better store of value.

The plan is simple though if this were to happen. And it is, get paid in USDT, convert a portion of it to bitcoin and send to airgapped wallet, convert the other to my currency and use for every day transactions since I can't use crypto yet for it.

Well, what you said is correct by you, but what if you happen to be overseas and your boss can't seem to credit your account for some very awful reason of not being able to find your account details or the cost of transferring the funds via a bank chanel is way difficult?

For me, it would demand that I have already had a prior knowledge of the fact that my boss knows about crypto currency and he/she is aware that I do have  a knowledge too, before such transaction of wages in USDT will be concluded. Else, he/she has to pay my wages in same format like others.

If you need USDT, you can easily get it by exchanging your USD and this does not require rebuilding the financial system of your company. As for the use of USDT in everyday life, you can issue a cryptocurrency card, for example, the Bybit exchange and use it for calculations.

I'm sure everyone here has a different response to this question, but for me, no, I will not accept it, or I will not let my salary be in USDT. The thing is that your salary is what you used in order to have daily expenses or pay bills, so if I receive a USDT as a salary, then I will need to do a transfer and conversion first before I can make it into US dollars. So what's the point of receiving USDT when you eventually convert it? So I don't see the point of doing that. Maybe some people want their salary to be in USDT because they are into crypto currency stuff, and they will need that ISDT in order to make investments. So in short, no, I will not accept and let that happen. I can convert my US dollar salary into USDT if I want to, if I want to invest some of my salary.

I predicted this is the reason why some people will accept the USDT payment, the continuous devaluation of their currency but if you ask me the only thing about accepting this USDT is cross border transactions which are seemingly easier with them. But the saying that their currency devalues shouldn’t be compare, because to me you will need to convert again to that currency again to buy stuffs for upkeep. So to me as long you’re not saving the money then your currency is better. As you can also do same thing as with the USDT with it. Should you decide to invest then you can simply just buy bitcoin from exchanges again

Maybe for others, it's okay if the person receiving the salary is a crypto enthusiast, because they can use the USDT directly to the exchange, where they can immediately buy crypto assets.
It just depends on which wallet destination address it will be sent to.

So the only cons of this are that there might be a chance to hack your account. So, in my opinion, if you are an employee, it is better to pay in fiat instead of such stablecoins.
This is just my suggestion.

It makes sense about the reasons of everyone. But if you're into the crypto market and you're an active trader, it's an advantage to you.
It's less hassle and you've got funds ready to get traded in the market when you need it most. Yet, for the sake of safety net and the gross and net salary income, you should choose fiat IMO.

It was the expected one by the bitcoin traders who do the real job in other private sectors or business.The USDT can be saved in the cryptocurrency wallet,So the people who get salary will not spend it completely.Because need to convert their earnings money to fiat all the time before the expenses.The risk of the Usdt was very low,we know even the bank accounts get hacked by the some hackers.The usage of the Usdt around the country become more easier and easy to use of the Usdt among the people buying selling products.



The Usdt had their huge demand for now,many people use the Usdt to save the money in the digital form.So the company paying the income in usdt will get more employees.The employees easily accept the Usdt as compared to the USD in United States.The wallet should be covered with the more security features to avoid of hacking.

Probably not if you are talking about real time job but if you are a freelancer or online works maybe its okay. There are some who accept it on some remittances and platform provided you are into crypto but if not then totally not good idea. Why would you used it knowing its a crypto stable of course you need to deposit it or make it as currency first.

USDT is a good option only for cross border payments other than that it doesn't hold any importance. If someone gets paid in USDT they still will need to convert it into fiat as it is not accepted everywhere. Grocery, rent payments, bill payments cannot be done using USDT, those payments require fiat. I personally won't be interested in getting my wages paid in USDT unless my employer is situated in a different country.

Interestingly, we are not faced with this choice and salaries are always paid using official fiat currency issued by the government.
The matter of choice depends on each individual who accepts it or not, but why it should be a priority. Now the jobs are paid according to the company rules and we should know that before working in that place.
Most people use USDT so when faced with the choice why don't we take this step, especially since it is easier to transfer. The only issue to consider is security issues so that the assets are not hacked or have problems.

All the transactions we make in real life have a greater percentage or even almost 100% using USD/Fiat so there is no urgency to receive a salary with USDT, in fact this is more risky because the value can become zero in one night if something unexpected happens because crypto is always full of surprises.
If we need stablecoins, just buy them with the fiat we have, even if we choose the salary using USDT it will be reduced due to exchange and withdrawal fees because we will still use fiat. So we have to remain realistic even though we like crypto, but fiat is what we use the most.

what is certain is that for security and my needs, of course choosing US Dollars is an option. but if we talk about the future when USDT can finally be used in certain networks throughout the world. then I will take the risk to continue accepting USDT payments.

Moreover, for current use, although we will be paid in USDT for our work. still, we can convert immediately to US Dollars to get a sense of security and fulfill our needs.
When there are companies that pay their employees with USDT, I think they must have taken into account what the best scheme is for the company's finances and also the situation of their employees.

UDST is enough trusted stable coin and it is very easy to cash out so I have no problem accepting USDT as payment. Us dollar is enough strong money and reserve currency of the whole world.  Also USDT is the most trusted cryptocurrency and has the highest market cap so I don't see any fear of anyone adopting it. so I think everyone who knows about crypto and knows USDT will not feel any qualms about accepting usdt as payment.

Why not if the purpose is to accept it as your salary?  But it doesn't mean you will hold it for a long time.
Though the USDT was designed to be a stablecoin, still there's a risk behind it, it could be de-peg or lose value.

Yes, the changes in supply and demand of the market within the cryptocurrency market could also cause USDT's value to deviate from its peg.
It's inflation risk that can't protect against inflation in the market.  If the US dollar experiences significant inflation, the purchasing power of USDT holders could decrease over time.

This is only if you meant for holding, but if not, you can receive it as your salary and convert it to fiat if you want to have your fund.

From time to time, some celebrity or public figure (baseball, basketball, football players, the mayor of Miami and New York, deputies from Europe) declares that he is ready to receive a salary (or part) in bitcoin, but I have never heard of anyone someone expressed a desire for USDT. I would follow their example and agree to bitcoin, but not USDT.

Does thinking about risks make you panic? Do economic crises and collapses that arise in the traditional monetary system not confuse you? Because you are used to thinking that traditional money is safe and reliable, although there are also risks in that system. I say this in defense of bitcoin, not USDT. I trust USDT the least among the announced currencies. What collateral does this asset have?

If we talk about USDT, then for most it is unlikely to be suitable as a means of receiving a salary, because this type of cryptocurrency can't pay for current expenses (housing, food, etc.). I think that not a single currency is suitable for this now.

its literally just USD in digitalized form though I think some people out there doesn't matter where they come from if they can be paid in some stablecoin of various currencies based on their own region and is pegged on real fiat value they will have no problem, its just a few steps away from becoming fiat money anyway though it does indeed seems like taking more steps than just having the salary paid directly to our bank accounts but for someone that are rather investing minded they'd gladly take up the offer, save them hassle from converting their fiat to stablecoin through various process by the exchange.
its only problematic for people when they are paid in something that is volatile in value not all people can afford the volatile nature of certain investment asset so it need or require at least their agreement so that if someone just can't tolerate volatility of value they can just back off from the offer.

If in my country, cryptos are legalised and less charges are imposed in it, then I won’t mind taking my salary in the form of USDT. To be frank currently I take money in cryptos only, specifically in Bitcoins for the little freelancing work I do. I use the p2p transactions to cash it out in my local currency. I would say USDT has more benefits than the USD, hence it won’t be any problem to take the payment in crypto or specifically USDT.

As for me, I will accept taking my salary in USDT instead of the paper dollar, although the USDT has a lot of question marks about reserves, centralization, etc., but for me it is still much better than the paper dollar.

The paper dollar has no value. In fact, it is just a piece of paper from which the government can print as much as it wants. USDT is not much better, but it is at least a stable digital currency that can be easily stored or transferred across borders, and you can convert it to Bitcoin or any cryptocurrency of value.

You know that USDT is pegged to the US dollar, right?

Everything you have listed here also applies to USDT, there is hardly any difference ... except that with USDT it's still not clear whether they actually have the reserves or whether at some point the bomb will burst and the pegging can no longer be maintained ... with billions in damage to the overall market.

Stable coins has a lot of pairs right now if you get back with the previous history of the market especially the Luna coin case the price of the stable coins de-peg so ideally there a volatility, if you can make a quick trade with the fiat or have a chance could be a fiat currency its better to take than having unexpected market crash and lose the value of it. Tons of topic already created about the use of the crypto as payment method but takes a lot of hassle to the user who is not knowledgeable with the crypto.

USDT is a temporary solution for those who want to obtain a stable currency and do not want to convert to the dollar, or for those who want to trade without having to return to the bank account, but this does not mean that the USDT has the same value as the dollar or that it is used for long-term investing.

Why not? But each of us has our own preferences, so I can't force you with that if you think it's weird for you. Why won't I use them when crypto is also a currency or a money just like a fiat? And USDT is more close to it. It's name says it all >"US dollar".

Even a regular crypto can be spent out directly, much more USDT because it is a dollar but only a digital one. Yes, the employer needs to deposit it in our account first before we can use them but what about a regular salary? They are also being deposited in our bank accounts first while there are some who just handed out directly in an envelope. Some prefers it too because they can use it immediately.

We have a public ride here in our country called Jeep its a cheaper way of ride than bus and trains. Imagine you gonna pay to the driver a usdt knowing what he needs is the currency acceptable on that country how can you make that convenient? Also when you are in a hiking mountains and theres no signal and you need a payment for the tour guide I supposed they will ask for a cash payment not bank transfer even so not crypto usdt.

Can you use usdt when you to a carnival? Or some normal everyday things you need yo pay something. Yes some establishment considered that but not all your expenses are on those establishment.

So how can you make it possible maybe for a 1st world country it is flexible. But lets admit not all countries support crypto or at least accept usdt payment.

Maybe in your country its convenient for you but think other places too. Im not gonna say that if I havent have a valid arguement.

Why not? actually I am very happy if all my wages were paid in USDT because the values of my local currency not stable yet and USDT keep increasing drastically day by day. Almost the same with bitcoin values get increasing up and USDT more excited fiat depend on my local currency how difficult to stop USDT values keep increasing.
Since this year almost 3% the increasing of USDT and seems very interested if any company in my country want to pay with USDT as wages but I don't think its come true if working with company still operation in my country.

Seems interested when working as influencer and get client around the world with their payment using USDT, I am so excited and make most of payment salary with USDT as saving and investment assets in the future with the increasing values.

I can receive wages from any altcoin including USDT as one of them, but of course I cannot expect the government to do so. Cryptocurrencies including coinstable are not legal tender in my country, but I can sell services to be paid in crypto online, including bitcoin or USDT.

USDT is a currency that is accepted in many places as a means of payment so far, but USDT is not accepted by everyone. Regulatory issues are the biggest factor in the crypto adoption journey, so I can't expect my salary to be paid in USDT, especially in a real job.

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OP, move this topic to an altcoin discussion, that tends to be the more appropriate for this topic place.

There is no need to panic about this as long as you know how to exchange it from USDT to US dollars using the Coinbase exchange as assistance. Because for me, this is not a serious problem, especially if USDT itself supports more networks and pairs on major exchanges at the moment, making it quite easy for anyone who wants to exchange it for another currency. So there's no need to panic over just a small thing like this, especially if you can solve it in a fairly easy way without having to worry about thinking about fluctuations or risks.

I would say it would be a "No" from my side because it would be just like fiat and no appreciation so what's the purpose of getting paid through USDT as it doesn't have any benefit to choose over fiat and if we want to spend t we save to go through the hassle of converting it into fiat so I would not prefer and moreover I am skeptical whether they really hold value equivalent of supply USDT in dollars

Yes I agree with you, they are both very similar and one is worse than the other.

It is true that USDT is still unclear whether they actually have the reserves, but on the other hand, does the dollar have real coverage from gold, for example? Or even do the numbers in banks and on government computers of dollar balances match the paper dollars printed on the ground? Certainly not, I think most of these numbers are fictitious.

I personally don't like the dollar or USDT either, but in general I prefer owning any digital currency over fiat currencies if I have to, but if I had a choice I would only choose Bitcoin or another cryptocurrency with a good value.

It is easier to spend the digital dollar online than receiving the USD in check so that's the advantage of it which many have already been using even the people that are not in this community are aware of it already.

USDT whether backed by real USD or not, is acceptable still in different stores so why not?  if anyone prefers BTC, he may buy BTC using that USDT. i think a lot are planning to do so when they are paid in USDT. this is the most use case of USDT for most traders.

It just depends on how regulations allow crypto as a substitute for traditional currencies.
We are in the same place, regulation requires that we do not adopt crypto freely because there are restrictions on the use of crypto only for commodities.

I also don't expect my salary to be paid in crypto like USDT even though it is a stablecoin or paid in Bitcoin.
Receiving a salary with native currency is still better at the moment, because we are talking about a matter of risk and everyone will not accept crypto as payment.

But maybe another thing, when we work on this forum and accept payments using crypto, it still looks good.

True, if the company would really be having that kind of transition and your boss or the owner would really be planning on giving out that USDT payment or pay then there's nothing you can do but if it would turns out to be an option then it would really be on your choice whether you would really be that accepting out such option or not but if you are somewhat a trader then it would be something useful but if you would really be
still that directly be cashing out all of those USDT then it would really be just still all the same on which you would really be making out those conversions after all. So it would really be that depending into someones
preference since not all would really be having on the same interest when it comes to this.

Regulation is something that will really be that an issue in regarding this since not all places in the world would really be allowing that crypto integration even if this one turns out to be a stablecoin
then it wont really be that easily be having that kind of availability as a replacement or an option for worker salary pay.

To me it depend on how exposed you are about the risk behind USDT and how do you think it will affect your holdings in future especially if you are into cryptocurrency.

I would accept it if it is me because I know that I can use them direct to achieve my bitcoin holding dream, I don’t need to be looking for ways to transfer them into exchange again.
And since there are exchanges that offers p2p transactions, you can cashed the money out anytime you want.

I think it is no problem to have the salary in USDT as long as the amount of the salary is satisfying.  ;D
I won't keep the USDT but I will convert it on the exchange directly. It won't be difficult to sell the USDT in exchanges, we just need to have CEX account. Since it is a stablecoin, it has no huge volatility in the price. So, I think it is secure enough to be the salary of everyone.

We can convert it to dollars anytime. It can be through regular withdrawal in the exchange account, the dollars will be sent to our bank account ourselves. Or we also can use p2p transactions, it can also be an alternative in converting the USDT to bank accounts.

This is the advantage of USDT, as it is available in most centralized exchanges, you have no problem exchanging it right away. So if in case you will receive USDT, you can directly convert it to USD if you need it. As the price is usually stable, the change may be very small if you are worried about the price volatility of this stablecoin. So for me, it doesn't pose any problem and you can accept it without a doubt.

I do not see too many reasons why I would want to do this, the only one that exist is that being paid in USDT will make my life slightly easier when buying bitcoin, however it would make the use of the rest of my money way more complex as no business I know accepts USDT.

And I suppose I would not be the only one with that kind of problem, and even if it did not existed, I am sure many people on this forum will never accept to receive stable coins as their main source of income, since we know that those coins can collapse at any given time, and we have witnessed examples of this recently.

Why not ? I've been in the crypto business for years, and I've always used USDT. If you are afraid of USDT, you can exchange it for fiat at your trusted exchange when you have been paid. Apart from that, many people are enthusiastic about bounties paid using USDT. If there were jobs on the internet that paid USDT, I think a lot of people would be interested. Even in real world work, if the person knows how to utilize USDT, I don't think he will refuse it.

I think most people would rather accept a stablecoin than an actually crypto coin like bitcoin or Ethereum. Many people would be scared to get paid in bitcoin if next week the coin can lose 10% of its value. But if they were paid in USDT then many would accept it most likely.

Right now I don’t think people fear tether being insolvent since they hold so much USD that they make billions in revenue just from the US treasuries they hold. They also reinvest their profits back into Bitcoin itself. So since there is no more tether fud many would be happy to accept it.

We're even getting paid in Bitcoin and getting paid in USDT isn't a problem. Just don't pay in random altcoins that have no liquidity at all.
This is the reality that most of us wanted to get paid in Bitcoin, ETH or any other top altcoins so receiving USDT as a payment is totally fine and not a problem at all.

indeed that concern about insolvency as well as the safety of holding stablecoin should also taken into account, i mean we all know tether is a private company that reserved money for pegging their USDT but i'm just maybe concerned that it might have weakness like UST has in the past.
personally i have no problem with USDT, the fact that it is already reaching billions of market cap might means that it just too big to fail. but anything can happen and there's always chance.

the instant someone receive their BTC if paid at current rate, they can easily convert it crypto is as liquid as ever, there's definitely no implication.
its just that maybe some people that aren't really well versed with cryptocurrency investment might fear losing their money even though its gonna be fine mostly if its temporary the volatility won't affect that much in my opinion.

I'll be happy to receive my salary in usdt if my country's fiat currency is devaluing due to inflation, so that it'll not affect the value of my money, so as the currency is devaluing the stablecoins will hedge it against the inflation  Secondly it'll be beneficial to me because I'm into cryptocurrency, it'll make it easier to convert it into any cryptocurrency for trading and investments. But it won't be beneficial to people whose economy are stable and also to people who're not into crypto businesses, they cannot easily spend it, they'll have to pay transaction fees in order to convert it to fiat.

If you would have asked me this question a year ago I would have surely answer yes but now the time has changed and we have to change as well according to the shift of power.

The power is drifting out of USAs hand especially after the oil dealings have been started in different currencies rather than dollar. Now more power will shift towards yuan and other currencies so dollar was a giant but now its being faded. So its more secure to wait and then answer this question.

They do get a lot less though, there are a lot of places (exchanges) who are not using the stablecoin market anymore and delisting some, even getting USDT delisted, which is insane when you think about it because that is the biggest one with hundreds of billions of dollars. So, I feel like the future of stablecoins look a little bleak and I believe that we are not going to see that work.

All in all we should consider wages being paid in USDT (or any other stablecoin) as a problem because in the future it could be quite troublesome to get those cashed out, what if it's banned everywhere? I believe that we should consider that as a problem and we should probably just consider what we could do with it as much as we can and just get paid in either fiat or btc instead.

It's a stable coin so there's no problem with USDT but you're right that some probably are only into Bitcoin and ethereum but they don't know a lot about stable coins and other cryptocurrencies. But once they started to understand and realize that there's so much with the crypto market and if they finds out that it's liquid, they're going to be happy to accept it as there's not that much difference aside from being liquid but it's just the same as the treatment we give to other known crypto as money.

If you get a job and it is a well-paying job, you may not be able to reject accepting payment in USDT if that is the only option of payment that they give. If you start receiving wages in USDT you will become used to it and know what exactly to do whenever you receive.
I do not think anyone will refuse a job offer because the only payment method is through USDT.

I believe that there is no difference in which coins you receive your salary, if this coin can be converted to another currency at any time. And I am sure that if the management of the company where you work really starts paying salaries in stablecoins, then you will not change your place of work, but simply exchange stablecoins for the currency of the country where you live.

  Why not?
 infact, I will run towards accepting it because I know it's value as a stable coin for that matter. So when you know the worth of something and you have the full knowledge of how it works, you are already in the right place and also on its advantages. Because you can be able to tell everyone about it's advantages and disadvantages. For that you will have nothing to be scared of. you can make it what ever you want to make it.
 Usdt, been one of the stable coin, can be changed to any other coin with ease if you know the method to apply during the process. So I will even like it that way. that is, it should be used to for payment as it stands now.


  Since the volatility rate is a very negligible one, I see nothing to be scared of. Usdt, when been used as a means of my wages payment, I will be very glad to accept it from any angle because for example, my country's currency is depreciating day by day significantly that is why I said that.
  Even if it's not depreciating, for the fact that it value is not even up to 1/99 of usdt, who would not take it when given? I think most of the people that have the knowledge will eagerly and desperately going to accept it because of its significant value especially compare to their currency. So no problem.

Maybe what OP meant was related to your real-world job, not your signature. where the use of USDT is still limited and not all goods and services businesses accept USDT.
for those of us who use crypto every day in trading or store it in a wallet. USDT payments for our work will not be a problem. we can still send it to an exchange to convert it into fiat and then use it for our needs.

If you think paying with USDT will make it difficult for you to use it, what about bitcoin? Because you are also receiving bitcoin payments from the Duelbits signature campaign and how do you use them when businesses also don't accept bitcoin?


How will USDT collapse? If I remember correctly, rumors of USDT's demise were around 10 years ago but why is it still the most used stablecoin on the market? Additionally, I also believe you are also using USDT to invest in bitcoin as it is currently the most popular stablecoin on the market.

You’re right, he is thinking of the potential de-pegging risk which is normal in stablecoins if it’s not backed properly by USD or the custodian bank for the reserves got bankrupt. This happened on USDC before but they manage to survive due to the Feds help on banks bankruptcy.

I don’t want to receive USDT as payment to my real job salary since I use it immediately for my personal expenses while having USDT will give me more hassle to convert back to fiat just to spend it physically since merchants doesn’t accept crypto until now.

It wouldn’t be something that I’d prioritise but if I was enjoying the job & paid a good salary in comparison to other fiat salaried jobs that I could get then yeah, sure, why not. As long as I could exchange the USDT for my local fiat currency & withdraw to my bank quickly after getting paid without high fees then it wouldn’t be much different to getting paid normally in fiat.

In fact, the fluctuations are not too high compared to other cryptocurrencies. However, for people who are used to paying using US Dollars, this might be more of a hassle for some people. Or even for those who are completely new to crypto, this will be quite difficult to understand and do. So it will actually cause a small loss when selling it. However, if you are already familiar with crypto and its use, then I think this is not a big problem. This will depend on how we manage the USDT after it is received.

However, when it comes to risks, it cannot be denied that there will definitely be high risks. Because after all, crypto is risky, whatever the coin. This is related to security and other things. There will definitely be risks.

So, yes, you should consider the pluses and minuses first.
If I'm personal, it's actually not a problem. and if I'm worried about some things, then I will immediately convert to fiat. It's just that this service also requires a fee for the transfer.

That's what I mean, because everyone has their own preferences.
Although they are also happy with crypto or as traders, sometimes they don't want the salary from their real work to go into crypto.
This is certainly optional if it is implemented, but until now I have not found a company that pays its employees with crypto, because it is quite high-risk.

I also don't expect any company to be able to pay with crypto because it is risky.
Regulations that have been in effect really must be applied, if it is not allowed then do not do it.

I am in a country that does not allow traditional fiat money to be replaced with other currencies,
because the use of Fiat currency is the best way for everyone nowadays.

I don't think there's no reason why not to accept it so, yes, I will accept it.

What are the risks? Hacking? As an investor, it's your responsibility to take care of your coins and that includes the USDT that you will get. De-peg? I can't remember the last time USDT de-pegged, so the chances of it happening is kind of low, but not impossible as well.

What I would do though is to convert it immediately either into different altcoin (or Bitcoin), or into our own fiat currency. I don't think that there's any company that implemented this though. I don't think that there's a company that pays their employees through USDT and now USD or their own fiat currency.

It's the same as getting paid in real world job, you get some ATM card and the company will pay you through that and you have to withdraw it wherever you can withdraw it. It's just the same as getting paid with USDT and that's why for me, it's not going to be a problem if that's the crypto that will used for paying my salary. It's not about that you're going to spend it directly on businesses because it's the same as Bitcoin that not all businesses do accept it and we have the process of converting it.

It depends on what you do with the USDT that you receive as your wages. If you sell them for cash or use them to trade other cryptocurrencies, I don't see anything wrong with that because, at the end of the day, their price is pegged to the US dollar and they both would have the same value essentially apart from the fact that the US dollar can get affected by inflation and then lose purchasing power and USDT stays unaffected from such things.

There can be some downsides to this as well as said by other members. Stablecoins can sometimes de-peg and lose value, and if something like that happens, you will lose your money in case it doesn't regain the peg again but the odds of that happening aren't very high.

Yes, there are risks, but I think they are minor. As long as USDT is a widely accepted cryptocurrency, there is no significant risk. The risk that it will de-peg and lose its value is negligible, and only exists if you decide to hold the USDT for a longer period.  Personally, I would exchange it to a currency I have more confidence in as soon as I receive the payment.

What do you mean by fluctuation? You mean depegging from US dollar value?
Let's do some fact check how many times USDT has depegged from US since they went life since 2014.

https://i.ibb.co/hLbWBsn/USDT-All-graph-coinmarketcap.jpg

This is a chart of USDT since it was launched back in 2014 to now, it has depegged from USD price to $0.6 and that has something do with the authenticity of their audit regarding usd in the vault and the USDT printed, there was trust then but people has learn to trust USDT, they are the oldest and far the largest in term of market cap.

I'm not sure about other stable coin but USDT remain the best stable coin to use in crypto and yiu shouldn't have anything to fear using it, getting paid as a medium of exchange and also to hold value.

In this I will bring one question do we believe USDT or can it be trusted? If yes then there is nothing panicking for me to accepting USDT as my salary.
Because current situation of me is kinda receiving the payments of my works on cryptocurrencies and then making some investing on bitcoin and the rest of fund going to exchange for USDT and holding them in usdt. So my current scenario like cryptocurrencies>USDT>CASH(FIAT) so in my case there is nothing better option to accepting USDT. I also also say incase of US dollar as payment because of easy accessibility If I own a non-custodial wallet the I'm the owner of my own bank.

It seems that many responses here assume that someone paid in USDT must keep his earnings in USDT forever. However, I interpret the question as: If all your wages were paid in USDT. For me, this option is good because it allows an easy exchange of the stablecoin for other cryptocurrencies or even fiat currencies, unless there are issues or reasons that prevent using exchanges or finding a suitable one to convert stablecoins to local currency in your area.

Personally, I would accept being paid in USDT, as I have in my past online jobs, and I had many options to trade them for Bitcoin or other coins, or to easily exchange them for fiat(our local currency). The question here concerns the method of payment, not storing all your salary or savings in USDT, which would be a bad choice due to the risks of de pegging of stable coins. But as long as you are being paid in USDT or another stablecoin, you can trade it safely with minimal risks in that period only.

I think that none of the forum participants will have any problems exchanging USDT for any other cryptocurrency or fiat currency. Therefore, our main task is to earn as much as possible, and at the same time we should not care in what currency the salary will be paid.

Even though USDT is an altcoin that has a very dark past, I have seen a lot of news about USDT in the past, but still USDT is still on the cryptocurrency market so I really wouldn't mind receiving my salary in USDT, it would be very advantageous to buy more coins in times of price drops in the cryptocurrency market. Now about buying things in the real world, the usdt would probably be very limited, but there is an option to sell part of the usdt for usd and buy things in the real world with usd. In this market, things are moving towards legalization, so USDT is no longer being seen in a very bad way as in the past

This is because people know that governments are keeping an eye on this market, so the guys behind usdt would not be stupid enough to commit illegal acts in these times knowing that governments would easily catch them and imprison them with prison sentences of many years. This is why usdt is being used a lot by people on exchanges, because it has a low risk of owners disappearing from the market or carrying out the shady schemes that were accused of in the past. Today things are very different from the past when there was a lot of impunity in this cryptocurrency market. Today, a mistake on the part of the owner of a cryptocurrency company can easily result in that owner being arrested. so I don't have any problem with usdt if they paid me as salary

It's fine for me and much better since I am more into cryptocurrency right now and I think my funds are more likely 40% fiat, and 60% cryptocurrency (Bitcoin, stablecoins, altcoins).

So for me, since I am active in cryptocurrency market, it is helpful to me to have USDT because I can easily use it especially in my trading and investments.

Honestly, I would accept anything that doesn't cost me a lot of fees etc.

USDT? Sure of course. Just send my salary to an exchange, immediately exchange for BTC and withdraw to my wallet.

Bitcoin first of course. I don't even care people say high fees it's nothing compared to bank/paypal.

I can see why one would consider BTC as a salary option because I get that too and it's definitely a good way to make it work. However, USDT doesn't make sense, of course we could just get paid in USDT and turn it into USD right away, there were few times when I was paid in USDT for example and all I did was just get it to my bank account and just use USD and didn't hold it as USDT for more than 5 minutes I think.

It is literally fiat currency that is created fake by some company, there is really no need to trust this, I can see why moving it from one place to another could work well for it, but holding it makes absolutely no sense to me a tall and will definitely avoid that as much as I possibly could. Not going to really trust USDT as long as I am alive for sure.

Actually it would really be depending on how you would really be finding yourself be needing up that salary per month on which we know that not all would really be able to save up some coins into their own wallet
on converting their USDT to Btc on which its most likely you would really be converting those things into fiat on which this is something that a common approach that you would really be considering.
Its true that it wont really be that much of an issue on whatever the things that they will really be accepting. As a worker or employee if the management would really be having that kind of integration
then it would really be ending up with that kind of acceptance on which you dont really have any choice. As long it do have value and could be able to convert out to fiat directly without
issues then i dont see for this thing to be that much of a concern if there would really be on such transition in between fiat salary and a stable coin.

I know that USDT just like every other stablecoins depeg but the value of my local currency is continually going down as if it wants to discover oil. Just earlier this year, it fell to its lowest value ever. So yes, I wouldn't mind being paid my salary in USDT. It would be an added advantage to me as I can always choose to trade to my local currency for immediate usage or swap to Bitcoin and hodl long term.

Yes.  ;)

As long as it's a payment that is liquid then there will be no problem for the most of us to receive it. We're receiving that from the payments and invoices that we have.

And that's so, not a problem if my wage will be on it. It's a modern day it is and even in the freelancing world, there are clients that are teaching their employees to setup a wallet and get paid with any crypto.

It wouldn't matter as long as I could convert it to something else immediately. Same goes for bitcoin or any other crypto/non-crypto currency as well. I might even accept to take my salary in sea shells as long as I could sell them on the markets for something else right away.

I probably wouldn't hodl on to those USDT for a long time though. It is because USDT is kind of worse than the real thing because the issuer of USDT can face legal complications in the future and that would be a disaster for the USDT holders. I trust legit crypto currencies like BTC&LTC more than I trust USDT. I'd rather prefer to get paid in LTC tbh.

In the same way, you could have previously exchanged your salary in local currency for USDT. I'm saying this to the fact that for someone who understands cryptocurrency, it doesn't matter in which currency his salary will be paid.

Hard to read what you're saying you should really learn to use shorter sentences or something :P

But anyway, I don't think this is even management integration. What's the problem with converting usdt to btc? Almost anyone in the world can do this easily, and almost anyone can access P2P selling. Which is even faster/better.

Almost all crypto is cheaper than anything else if you're earning USD in a country where USD isn't the accepted currency.

Or am I not getting what you're commenting?

If I am an employee, I will not agree, but if another cryptocurrency is paid to me as my salary, such as SHIB, PEPE, BNB, KAS, and others on the top list, it is fine with me as long as it is not USDT. I only want USDT when I convert crypto to our Fiat.

Then there is also a risk when you are paid in USDT. But of course, that still depends on the choice of crypto enthusiasts. Maybe the others will allow what they want to happen.

As an employee then you would definitely be agreeing on what your employer would really be able to integrate or would be making out those changes on which it would be something that you cant really be able to resist out even if it would really be that against with your interest. People would really be finding things to be that some sort of new thing for them specially to those who doesnt know about crypto or about stablecoins.
In means about awareness and adoption or recognition then this is something a good initiative if ever they would really be making out such decision but we know that people would really be sticking into those things on which they have been getting used to through ages. There are ones who might be opposing but just as been said that there's nothing they could do.

Come in mind that even if you do have that receive USDT as your salary then you could really always that be able to convert it out to cash and this is something that will really be not much
of an issue. There are really just those people who doesnt really like to welcome new ideas and integrations.

It's not a problem for me to receive my salary in USDT, because I just convert it to my country's currency directly when receiving it on the exchange. But I probably wouldn't want to hold onto it for long, since the stablecoin has the risk of de-pegging, and bad luck isn't on the calendar, so I'd prefer to immediately convert it to my country's currency and then withdraw it to my bank account.

Before answering, of course we must first understand the advantages and risks of US dollars and USDT. My understanding is that there are two places and factors for choosing a salary that is paid in US dollars and USDT.
Understanding:The US dollar is a fiat currency, which is traded or exchanged in the real world in transaction activities, of course if I work in the real world, I definitely don't want to be paid in USDT, obviously I ask for fiat US dollars in physical form, even though transfer via Bank andetc.

And USDT is a stablecoin, often mentioned by many people and USDT is included in one of the crypto currencies, only it is pegged to fiat, based on the US dollar exchange rate.
The point is: if I worked in the crypto services sector or carried out trading activities of course I would choose a salary in USDT.

Conclusion: the two currencies have different places, as do the salaries paid in different places.

A very strange choice) After all, it is no secret to anyone that the risk of receiving a salary in coins such as SHIB, PEPE, BNB, KAS is higher than receiving a salary in USDT. Of course, it's good if the price of these altcoins increases in price after receiving a salary, but what will you do if a dump follows?

As said before you need to rethink about it. As from your wages or salary you pay the bills of your home, live your life. So if you paid in USDT, by converting them to fiat will take more time and some fees will be there. Hence most of the people will deny to take it. Yes a combination of Fiat and Cryptos can work. As the cryptos portion can be used as an investment option and from the fiat portion you can pay the daily necessary bills.

Why you will need a fake USD in the form of USDT while USD is more convenient for an instant use of your salary. Also USDT frequently depegging which means you will earn slightly less if you choose USDT instead of direct USD.

You can easily deposit fiat on CEX since the P2P feature on exchange gives you the option to place an order wit( your desired price so you don’t need to rely on USDT and just purchase the crypto that you want using your fiat. USDT is a very shady stable coin which is not worthy to use as substitute to fiat when it comes for salary purposes.

Stablecoins aren't really that complicated to turn into fiat though? I mean am I missing something, if someone pays me in fiat, in like under 2 minutes I can turn that into USDT, and if someone pays me in USDT then I can turn that into fiat in under 2 minutes as well. This doesn't feel like it would be all that complicated to handle, I feel like we are going to end up with something quite ordinary, like nothing of worth would change in your life, you would basically be doing the same thing.

I understand some may think differently, but that doesn't mean that we are going to get something big from it. I hope that we could get crypto to be common like this for everyone because it would at least start at crypto and then could go to fiat, instead of getting paid in fiat like commonly.

One of the main risks of having those stablecoins that it could be potentially be having that depegging on which it could really lead up to zero or losing money simply but of course the company wont really be accepting or making such changes if there were no reasons. Just like on what others been saying that above that if ever the company would really be having that kind of changes then it would really be something that you cant be able to resist since you are just that a worker and any decisions or changes would be made is something that you cant complain not unless if you would be tending to resign just because you dont like such changes. ;D

Just as mentioned that as the moment you do receive your USDT then you could simply convert it out and p2p right away on exchangers and change it to fiat
if you do have that kind of worrying about those depegging and other issues.

If all your wages were paid in USDT, would you accept it?
Every payday I would convert it all into BTC, alcoins and/or USD, so I would be holding no Tether the next days. Many people know USDT is not always going to be stable, so why take the risk?

Thats true,  - cashing out to fiat right away does reduce the risk of losing value if the stablecoin drops its peg.  For smaller sums, it may be the safer option.  However, peer-to-peer transactions have risks too, like the possibility of fraud by the other party.  Theres no perfectly safe option so its about weighing risks against benefits in your specific situation.  Perhaps use caution with large amounts, but accept some risk for convenience with smaller

If I am paid in USD, I can use same to buy USDT. In the other hand, if I am paid in USDT, I can convert same to USD. The world is full of possibilities, so I don't think it's needful killing one'self. The most important thing is getting a job and being worthy to be paid at the end of the month or year.

it will be indeed beneficial for those that want to reinvest their money, less steps to take, but gonna be complicated for people that never even tried using these stablecoins.
but speaking about fee though, since USDT is quite literally everywhere i'm sure that we can just choose the cheapest blockchain to distribute the salary and get over with it.
so its not a problem really, the problem is probably the concern of micro depegging whereas the value kinda fluctuats a little time to time, some people might find it to be annoying though I guess.
but most people I think just won't care, since its micro means small margin anyway.
so I guess most people will be fine enough, as usual the payroll like this should be consent based so no one will feel forced.
to be fair, the fact that stablecoin is very low in volatile is already convenient enough for salary distribution.

If given a choice between USD and USDT, I will still choose USD. Getting paid in USDT is a real advantage for crypto investors like us, and I don't see any problem with the fees, or its small fluctuations. What I worry more about is its legality, and its possible collapse. We all know that stablecoins are created by private companies and are pegged to USD value, but they are not created by governments. So, since they are no different from altcoins, there are risks. Not to mention, you are certainly no stranger to USDT scandals over the years, they can collapse at any time.

USDT is a stablecoin mostly backed with fiat currency and it also somehow operates in the fiat system because the government has the power to tell the Tether team to freeze your USDT. This is something that has happened several time when the government is hunting for suspects that use USDT, so accepting a wage in USDT is just like accepting wages in USD. However, USDT may experience de-peg if not managed properly or inflation occurs.

Like the other said there is risk that USDT or other stablecoin are going to de-pegged but I still accept it at least for now because transferring USD and withdraw to my local fiat is costly and is not easy, Transfer via Paypal is sometimes tricky because they can freeze your account anytime.

So If all your wages were paid in USDT, would you accept it? Yes but Im gonna convert it into my local fiat or other crypto to reduce the risk being de-pegged tho USDT now is to big to fails if there is something going on with USDT it gonna shake the entire crypto ecosystem more than FTX and Luna I believe

I don't trust USDT neight any other currency apart from bitcoin and if was paid with usdt the only thing i would do is to convert or trade to bitcoin to enable me trust the asset that I am holding, most times these currencies that is tied under United State Dollar could have the tendency to decouple or depegged whereby you would lose your entire asset. As a worker or salary earner when your payment is being received then you can split them accordingly the way you wanted, maybe selling some percentage to your local account, while some percentage to your investment portfolio and some to charity account.

I guess it really depends on the individual. There are people who invest only a little portion of their salary into crypto.
There are also people who use only a little portion of their salary in fiat and invest the rest in crypto.
So the latter people would prefer getting their salaries in USDT instead while the prior would still prefer fiat.

When it comes to cryptocurrency, nothing is an absolute and that's why we shouldn't put all our eggs in one basket. I'm concerned too, from the way things are going with regulations and various nations breathing down hard on cryptos that at some point these nations may float their own stablecoins. That will cause a strong rivalry with already existing ones. Regulations also can force stablecoins to depeg and that would be chaotic in the market. This is more likely to happen than not happen.

if USDT is still a stable coin, then I accept it. When you are afraid of the fluctuations that occur, you only need to sell them when you have received your salary. However, I think receiving a salary in USDT is not bad. This can be a quick way to invest in other coins without needing to make another deposit. Apart from that, I also feel that receiving a salary with USDT is probably almost the same as receiving a salary by transferring via ATM.

Every organization has certain rules and regulations and that organization is limited to stay within certain rules. Most of the organizations use bank account as a payment system at the end of the month those organizations pay their salaries to the bank accounts of their employees. If a company has a rule that they pay their salary through USDT and if the users accept it then that may be the case but as far as I know most payments are usually made through banks. If you have a business organization where a number of people will work under you, you can pay them through USDT as the rules will be made according to your rules.

Seem no problem with receiving a salary in USDT after all you can trade it for local currency or BTC if you want as well. I'm having doubts about whether there are companies these days that do this though. Because transferring USDT to several people regardless of which network to use will still need some funds for transaction fees. The cheapest I think is the TRC20 which is 13TRX which still is worth $3.xx. Imagine the cost of a company with 100-200 employees.

well the transaction fee required in various of blockchain excluding eth are usually just so small it doesn't really matter i mean the company can just send out some really small amount of native coin used to pay gas just substracting from the salary it won't be a big deal since its probably just a few cents or the company themselves can just give it to their employee since paying salary through bank transfers usually also requires fee anyway.
other than that in the blockchain of layer 2 usually there exist capability of paymaster where you can swap and pay the fee with the stablecoin, so you can swap your salary that is in USDT a little bit to native token used to pay gas and you're set.
its easy actually, but complexity of technology i guess is what keeps people from using this for paying salary to their employees.

Honestly it has been years since people said that, and nothing happened, not sure if it will happen anytime soon neither. I think it is quite obvious that we are going to get something bigger here, and USDT isn't the issue at that moment, nobody said that you have to use it as well, it just says getting paid, so if you are worried that much, just get some bitcoins for it.

Plus, it would help as well because there is a likeliness that your employer got USDT directly, and you are paying it to get more bitcoin which would make the price of bitcoin go up as well. I would say that is a good thing and should be considered as a benefit. That isn't always easy, but it would be pretty good for the market overall as well.

There's no way on when it would happen because there would really be those sudden news or fundamentals on which it would really be causing up such depegging out of those stable coins just like on what happened on that USTC. If ever there would really be that risks or event of depegging on which  you could really be still be able to get out since there would be still a duration for you on doing so. This is why i dont see this to be that much of a risks if you do keep your money on stablecoin but of course you would really be needing to be attentive on whatever updates that might the market have because making yourself outdated
which causing up with those kind of missed information of crucial events on which it would might cause that loss of money.

If ever there would be such changes into the company on what are the new payment terms or integrations then just like been said by others that you wont really be having no choice
but to deal and accept it. You wont really be making any objections on what your boss is really that trying to changed up.If it turns out to be an option then its good but if not then
you dont have no choice but to deal with it.

I would love that to happen, but if it does that only means that most people already accepts crypto as a payment method.
I also think that it would help me save and invest more, I could avoid the transaction fee when converting my Fiat into crypto, it would also help me spend less, I have a tendency to overspend when I have cash, I would spend more than what I needed (e.g when buying groceries or going out).

It was not because of fiat, you will spend more, and crypto you will spend less. No, it was your spending habit that was wrong.
The main reason why the majority choose fiat money instead of receiving salary in terms of BTC is due to the community is not yet ready to accept BTC payment. Of course, it makes no sense to have it if you can't spend it directly when you go around and buy stuff. If you are not a techy person, that will be a sacrifice on yourself since you need to convert it into fiat money and the chance is paying for extra fees. In the end, the use of fiat money is still comfortable and we need not worry about how to keep safe our funds.

But still, I encourage people to slowly adapt this technology because sooner or later, this will play a big role in the community and might give us no other option.

Also do I since I know how to use it for investment and there's no need to pay some fees just to convert my fiat to crypto since everything is already there if we could able to receive our salary in USDT form.
But I don't think its applicable to anyone knowing that eventhough USDT is stable coin there's still a risk for acquiring it since the same with other supposed to be stable there are chances that the value of it will decline due to unforeseen circumstance like legal issues or self inflicted issues like exit scamming which possibly could happen.

So before this acceptance of USDT or maybe even other crypto as salary it needs to have good adoption and also education so people so that they would not get surprised for anything would happen on their accepted assets and they could able to decide well on what are the things needed to do with the coins they receive.

It's basically the same as getting your salary in USD, but with way more options. Sure, the price can go up and down, but if you swap it fast for your own currency or a different crypto, it's no problem. Someone mentioned the fees, and they're right. But banks aren't free too. Plus, with all the new tech, those USDT fees are bound to get lower. Actually, I know some companies already paying their staff in USDT. It's not super common yet, but it's growing. So yeah, I'd definitely take my salary in USDT. It feels like we're moving towards a better financial system. Maybe we'll all be paid in Bitcoin one day, who knows?

That's not a problem for me if some sort of online job paid me usdt, I saw this coin as stable and with minimal fluctuations only unlike crypto which suddenly decline it's price with huge percentage. Stablecoins like this has come the era of being widely adopted by many, particular with exchanges and their mode of buying an asset is through usdt. Without this coin, I don't think so it would be easy to handle fees for every trader, overall thanks to this coin most people benefited from this regardless of what network.

This is true, if you approach it this way then you are going to do better and unfortunately a lot of people will reject that offer because there is a good chance that a lot of people will end up with nothing at all, and because of that people lose jobs. It is clear that people should accept these offers but they just don't and that is why they are doing badly, if they knew that they could just ignore the payment method and just have whatever they want, it would make so many job offers a lot better.

Unfortunately there are a lot of people who do not see it that way, and because of this they end up with a lot of trouble in the end. I believe that as long as we get to see how we could focus on what we could do about it, that would be greater.

Me too; if that stablecoin is USDT, there will be no problem for me either, because I can directly buy crypto at will if DCA does it. But for people who have a different mindset and are not crypto fanatics, of course they will not agree because they will still prefer fiat, and they will not see the opportunity of USDT when it is the salary that will be paid to them.

But in the reality of this era, are there any companies that pay USDT wages to their employees? I don't think I've seen or heard of anything like this, right?

I would have loved my wage paid half in fiat and half in USDT as I'm going to invest half of my salary on crypto anyway and USDT provides the flexibility of buying. I need the rest in fiat so that I could invest them in other sectors or use them for my needs and wants. There are several services that accepts USDT or crypto in real life. Can buy flight tickets, book rooms and buy gift cards, yet they are not everywhere and still cash is needed for daily transactions.
I happen to get enough extra incomes these days that enables me not to touch my salary and can live with getting all my salary in USDT as well but it's not good to put all your eggs in same basket.

Almost of online job payment using stable coins such as USDT for cryptocurrency and for influencer most of them receiving with USDT but trough PayPal account, I am so excited when receiving payment using USDT behind my local currency getting decreasing values and earned up to 3% until 5% bigger wages receiving comparison with my local currency. Last month, the values of stable coins USDT increasing drastically and worth it when payment of wage by using stable coins but today get decreasing few percent after my local fiat currency have positive change and make stable coins price getting down.
For foreigner having own local currency I think better wage receiving by using stable coins as USDT, but for their own local its worth or not behind how condition in their country such as US with USDT as the payment fiat currency.

Since you are really that pertaining or basing up with USD value on which USDT is following then it doesnt matter which one of the two that you are accepting because you would really be simply basing up on the local currency that you would really be needing up to convert. If you are really that pain in dollar form but still sticking on how much you do earn locally then it wont really be that much of difference
because if we do speak about USD movement its price against local currency then movement isnt really that much or something that would really be stellar for you to be able to make yourself
that basing with a stable coin movement of price. Dont know on why you are really that 3-5% is really something that would be good for you considering local currencies doesnt move that
much, if they do then it does take a while before it would be having that kind of movement- nothing special.

My last job  as in Technical integrations paid in stablecoins - not necessarily USDT but USDC. So yes, I can accept stablecoins for a gig since those stablecoins can easily be changed back to BTC on literally all crypto exchanges. But whenever payments are made in stablecoins, there's usually a fee that is charged by the payment processors — it's usually between 0-2% and you get your payment. I don't think it's a big deal if you're getting paid in any of the stablecoins as long as the stablecoin in question is liquid enough to be traded.

When you get money from the work you do using Stable coins, the company thinks well of its employees. Because not everyone understands the use of altcoins or Bitcoin. Even the very fluctuating price movements of Altcoins and Bitcoin make employees feel uneasy because when the salaries they receive are distributed there is a possibility that prices will collapse and the value of the salaries they receive will not match what was agreed. Meanwhile, when using Stable coins, the exchange rate will remain stable and in accordance with the initial contractual agreement.

As for the salaries of company employees in my own country, on average they are still paid using fiat, although I am also sure that there are companies out there that offer offers in terms of what salaries they want to pay. Because now there are many companies that are very sophisticated in terms of paying salaries to their own employees even though they also don't forget about fiat because that is still popular with many people nowadays. However, as we can see, each choice always depends on ourselves when there is an offer from the company itself regarding salary.

yeah its basically the same thing, just if someone want their money in their bank it might requires additional effort but overall we are already avoiding the fluctuation that most of people afraid of so its gonna be fine.
furthermore the fact that there are exchanges out there also providing debit card that automatically charges crypto when used is gonna be a lot of convenient just like how banks work with their debit card.
but i don't know how useful they are since I never tried their services but if it can be integrated with stablecoin then basically you're all set.
the thing though most people still have a lot prejudice with the fluctuation even when they are offered stablecoin as their salary they are still somewhat afraid of fluctuation.
even though when we are talking about fluctuation with stablecoin usually its very minimal that not even worth mentioning unless it lost its peg of course.

I would prefer to get it in USD. But if a company offers me to get it in USDT, why not? Both have the same value after all. The difference is not much. Maybe only a penny? But I am okay with that. Regarding USDT getting a de-peg, I will have to chat with that if USDT gets a de-peg within three days of getting the salary, they will have to pay me again and I am okay with that.

Getting a salary in USDT or any other stable crypto is not bad. I can still exchange them to my local currency within a couple of minutes. So, I won't bother too much about asking for USD instead of USDT.

I do not think that there are many, it is just in the crypto world and it rarely happens, I think that is not really as common as people think it is.

I think it is quite understandable that people may consider that to be the future, not saying that it will be more than fiat, but it would be more than what it is today, there will be more people paid in USDT in the future (or whatever stablecoin is famous at that point) than people getting paid today, doesn't mean it would be like half of the world, it could be less than 1% and still be more than today. So that is why people are questioning if that is a good thing, like that is the trajectory we are on, but are we happy about it or not? Most people answered yes, so it doesn't seem like an issue.

Just as the first user below you already stated that, aside from the risk of a de peg, I totally agree with him that tether is one of the best stable coins one can ever think of currently now and just as the op also stated that, it also facilitates transfers and cross border transactions and that’s another reason to love tether.
And I actually don’t see any reason to turn down my payments in tether especially if that’s the only option offered by my employer.

I also agree with you brother and I still believe that payment in usdt is always good for countries with very poor currencies and that will enable them do fewer works for more money because if the rate of fx.
And I will also accept stable coin but if asked I will have prefer payments in BTC value.

The way I see it, the difference is huge, a bit like between real cheese and cheese-like product.

USDT has the value of USD, but it's not USD. It's a coin issued by a private company that follows the price of USD, like a price tracking ETF. When you hold USDT you don't hold USD. You hold an IOU from ifinex - a Hong Kong company. Do you trust that company with your money? Do you really want an IOU from them every month instead of USD? You're not going to be able to spend your USDT in any store.

Why not? I do not spend in USD in the store either. Here, it's kind of different. If you are working in the IT sector or a company that is related to crypto currency, you should not have a problem accepting a salary in USDT. It's not rocket science to sell USDT for your preferred currency. I am still getting my salary in USDT and constantly sell them for my local currency, and my local currency arrives within a couple of minutes.

I am not going to hold USDT. I convert them to my local currency right after I receive them. But sometimes I hold USDT if I plan to invest in cryptocurrency. Actually, it varies from place to place and person to person.

Well, both are the same. In fact, when I am offered to be paid using popular coins such as bitcoin, ethereum, or other popular coins, I will accept it if the amount is the same when my salary is paid. I'm pretty sure that all crypto users will accept this. In fact, when he doesn't want to hold USDT, he can immediately withdraw it using a local exchange to the account number he has. well, it's the same as being paid fiat.

USDT is a stable coin, so I feel there is no problem if we receive a salary in USDT, especially for those of us who are already in the crypto world, so this actually benefits us, because we don't need to convert it to the crypto world. However, if it is in the form of bitcoin, it might be familiar because it fluctuates, unlike during the bearish season, then I will be happy to accept it.

Not sure if I can handle accepting all my wages in bitcoin because I need funds for our daily expenses that I only take from my dayjob(my investments are all in crypto and not to be spent for some time)


Maybe I need to have settlement at least half of my wage is for USDT and half is for Fiat because that USDT will be ready for my investment each time.

There would be no problem honestly if you are really just that still that getting USDT or stable coin because it would really be still that the same since its stable. lol.
 One thing that you would really be worrying is on the time that you would really be accepting Bitcoin or some coins which has been offered. So as much as possible if there would really be that an option whether you would really be that accepting still on fiat or with USDT, not unless if they would really be that mandatorily be changing up those pays then there's nothing you can do but just as said that there would be not much of a problem considering that it is really that stable and not really that volatility then you would really be that still recieving as good as fiat. It would really be just that an option whether you would be buying up some coins which are directly in pair with USDT on which its something that will really be that convenient.

Just like the rest been saying that if your boss or owner would be telling about those changes then as a worker then there's nothing you can do but to accept with those changes because if you dont
then you do know on what comes next. So if you do still need your job then you dont have the rights on making up some complaints.  ;D

When you need money and want to get more money through Cryptocurrency then we can try to do something else. Never depend on just one project. We can take advantage of other Bounty Campaigns and take advantage of Airdrops which can give us additional money.

Accepting USDT for payment depend on how yiu intend to use the money. Your half most people's salary are going to offset bills right, so there is no need to panic or fear of the fluctuations since USD isn't the same as USDT, I will accept it if I'm to used it for immediately and since my country stand on crypto as a method of payment doesn't have any litigation on tax, I will happily accept because who want to pay tax though if not that it's compulsory.

I would have preferred usdc actually because it's more an angel stablecoin than USDT, I have friends that are are into freelance job and they accept usdc for payments and immediately they convert everything into fiat since they always use fiat and when they don't, they convert it to Bitcoin and withdraw money to external wallet to he dominance and custody of their money.

I get it, if you're in a country where you don't use USD and an employee would give you a choice to either get paid in dollar that you have to convert, or USDt that you also have to convert, USDt will produce lower fees and probably be faster to exhange online. Also, in such situation USDt would give you an option to convert it into bitcoin fast and cheap.

I was talking from the point of view of someone who earns in EURO and would either get fiat money or USDt. In such case I'd rather take EUR since I have plenty of BTC and would rather hold that and spend my fiat. Spending EUR here is much easier and cheaper than converting USDt through an exchange since I'd have to pay additional fee on that.

This is probably because Western countries are becoming more cashless every day. I guess more than 85% of people do not carry cash anymore and use cards everywhere. But in my country, more than 85% of people carry cash, and not all the shops accept card payments. So, even if I get it in fiat, I still have to visit an ATM and withdraw my funds to spend it.

Sometimes, we get a better exchange rate from those exchanges, and most of the time, banks pay the worst rate when we exchange money from USD to our local currency. This should explain why our locals prefer USDT over USD.

So what's really difficult about getting USDT or Bitcoin to pay for all your work? If you want to convert directly to fiat, I don't think it's difficult to do at the moment. except transaction fees which sometimes increase.
If you need it for daily needs, everything can be done with your cellphone. and it's all pretty easy nowadays.
I am waiting for all companies to pay their employees with Bitcoin or other crypto assets.

In some jurisdictions every exchange, even between cryptos, is considered a taxable event and must be calculated and pay for the generated "profit" (which is imaginary most of the times, but not for the tax agencies of these countries). One could avoid that paying with USDT, but not with Bitcoin. I don't know where you live, but that's the reason why I would prefer not to be paid in non stable cryptos. Maybe, if laws evolved...

That's right, we can use USDT on the TRC20 network to take advantage of low transaction costs and of course the price will still remain stable and will not pose a very high risk if we want to exchange it to FIAT money. If there are companies like that then they have made good use of digital currency and made it easier to distribute payroll at lower costs than usual.

usually USDT is just few steps away from fiat anyway you use binance already you can easily convert it to fiat also you don't really get inflicted by the volatility that may affects the value of the money you receive.
so its basically the same but probably for some people that just don't care about investing in crypto they prefer to skip such steps and get fiat directly instead.

yeah the pain point is in the conversion rate and fees if our local currency is different than the currency used to issue stablecoin we might better off having the fiat directly to our bank account.
but eventually I think most of currency in this world gonna have their stablecoin version in the future probably thats gonna be the case knowing the market cap of USD stablecoin is so massive.

Wait, Still TRC-20 transactions cost more when a company is going to pay their employees via USDT TRC-20. Don't you know how the companies pay vio banks? They just sent a paper to the bank with their staff name and account and the amount of their salary with a signed check, the bank transfers all the money to those accounts and they do not charge anything extra apart from the monthly bank charge. So, what are you talking about that they can do it at lower costs?

At the same time, if a company want to pay 100 employees and there are 100 different wallet addresses, they must spend 100 USDT as transaction fees. I don't know if they can do it in batches and save the fees. But, it's not cheaper than bank.

Nope, USDT on TRC-20 never gives the advantage of low transaction cost. But If you talk about the Matic network or BSC network then I will say it can work. And if they don't have a problem with non-stable coins like Litecoin it will be also cheaper for a company to distribute salaries with their employs and Oboiusly who don't have much panicking on the volatility.
But who afraid of the volatility their best option is to get paid on USDT But it depends on the companies and their policies what they are way they will take for paying.