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Currently, USDT daily trading volume is over the Bitcoin trading volume and fourth highest market cap according to Coinmarketcap. My opinion is We can't trust the centralized stable coin to keep the money. Also, news around the USDT is not good, and it may be shut down by the authorities.

What is your opinion about the USDT coin?

I use the DAI to keep the stable value & will shift to the SAI in the near future where the money I'm not investing.

For me in the cryptocurrency space, no money is 100% safe, so is USDT. Although since the USDT was created it has a lot of bad news but it is the most widely used stable currency, and for me USDT is just a currency to avoid volatility not to invest so I do not keep USDT long time.

You can trust USDT as much as you can trust fiat. Both are centralized. I wouldn't recommend anyone storing their money with USDT or any other stablecoin for a long time, they may vanish anytime. However, shurt term traders need stablecoin to fix the profit, you can use this stablecoin for very short time though.

Many people using USDT just for easy trade crypto currency. Thats not the maincurrency its just an option alternative to fiat when you are trading. Because many people using it for trade it is realy possible to have a large volume daily even bitcoin has a pair in USDT.

Can we trust USDT ? yes, for now since they are no issue trading it as of now just dont use USDT as invesment you will not earn any holding it for long.

You already have the answer.


You can't trust it. You should not keep your coins in an exchange. Better to just cash it out if you don't have the right means to keep it.
Or, you could just trade it to another coin and put it in a hard wallet.
That is all the options you could get to avoid a higher risk.

that's the right approach right here.
Unlike other cryptos usdt is centralized and can be blocked by any gov anytime basically.
But when you are trading it can come in handy for short term use.

Anyway I've seen a lot of controversial news about usdt throughout the time, but it seems like it won't go anywhere

USDT is seen just as an alternative when trading or when the market isn't going as anticipated, many don't hold USDT for long because it doesn't appreciate in value hence the reason mostly traders uses it. Also, since time past there have many news surrounding USDT and yet it keeps growing and people keeps using it the more, the question is why? I would say, because people have seen a level of trust (although centralized platforms are not to be trusted) within it hence ignoring all news and still using it. Also, as big as it is, I don't think it can be shut down easily.

There are accusations about whether they hold the equal number of USD as a backup or are generating more coins than they hold. Except for that they are one of the most popular stable coin. They are supported by almost all of popular exchanges and wallets. They still have both of TRX and ERC token on supply and should be quite cautious about sending them in or out.

USDT has been around for almost six years already and it is in a good rank base on coinmarketcap so for me I can trust this currency to convert any of my assets especially if the market will likely to go down pretty bad. Putting our assets in stable coin is the best option to make sure that our money is safe from losing it's value and we can just buy back any currency that we like if we feel that it is a good time to buy.

Do you have any legit information about your allegation that it will be shutdown by the authorities so we can also check whether it is genuine or only a fake news to bring down USDT. Because it is a big problem if your allegation is correct because as you can see there are 6,361,032,509 circulating supply of this currency and it will be a big loss of money if this currency will shut down.

Not 100% trusted because USDT can be froze by the authority even if it is in your wallet so you shouldn't trust the stable coins for long term.Still there is a reason why the trading volume is more than bitcoin because it is used by most of the traders to make profits from the market movement because it is easier for them to trade with a stale coin pair over to volatile coins.

If authorities will close USDT they will for sure give you the USD backing token. I doubt they will try to steal you. But yes any centralised token can get closed. And also tokens that are backed by something physical, like fiat or gold or property or car or whatever can be robbed. That item can be stolen and then that token is not backed by anything yet. Safest use case of tokens is to secure digital asset not physical.

USDT has many suspicious attempts but yet traders are not stopped using it. Many stable coins came in the crypto market within two years, but no one could beat the popularity of USDT! People were saying USDT is not safe since it's beginning, but as you can see it's always increasing! So, I think USDT is not that bad to untrust it, DAI is good, but USDT is better! But don't hold your money in USDT for a long time, for that purpose USDC would be better!

This is already discussed on this thread (https://bitcointalk.org/index.php?topic=4547579.0).
USDT isn't safe at all to hold because it is not fully back by fiat or other local currency. I won't recommend this to hold because you will not earn this stable coin.

Long term holding on USDT is not recommended but this is very helpful to the traders it gives the real value of dollar currency.
Yes, you can trust this in a short period of time.

Exactly! Stable coins are not for investment, it is to protect your cryptocurrencies from a high dump! If someone wants to store their money for a long time, I won't recommend any stable coins instead of ETH, BTC, XRP, BNB! DAI is decentralized but yet I can't believe it for a long time, because it is yet to gain enough trust from every big crypto exchange!

Definitely USDT is very helpful in tough situations because market can go down anytime, if this happens we can just transfer our coins to USDT where we do have only option to save from huge losses. And obviously we can trust USDT Even I do transfer my assets to USDT in tough situations which is very useful.

I know that USDT is supposed to be a stable coin which continues to equal to one US dollar what ever the price of Bitcoin is . But I have also read some reports that they continued to print unlimited amount of USDT during the bull run in 2017 so that can reap in the rewards . So be careful . Crypto is still crypto.

This has been the case forever. There is and always has been controversy over Tether and whether it is actually properly backed, amongst other things. I don't think it will suddenly vanish or deviate substantially from the peg.

Other stablecoins are probably just as good as USDT, or maybe better. But if you are using it for trading, you want a high volume market where there is not a huge gulf between sell and buy orders. The gap is a built-in loss that you have to beat in order to profit from a trade. The smaller the gap, the less you have to overcome. USDT markets are often high volume. Choice of exchange is also important here, obviously.

I would say USDT is fine to use short term, but as others have said, don't keep money in it (or on exchanges) long-term.

USDT is like USD, so you can trust and hold it whenever the market collapses. Over the years USDT has had a lot of FUD but it does not cause USDT to die, even it helps USDT grow every day.

To "use" tether, you do not need to trust it. So, you may make use of it for your trading like for locking profits from cryptos and to buy back cryptos. But, never ever plan up to use tethers for long term holding. Because, tether is issued by some company and they may face legal problems at any times. Still, as of now it is proven that tether is safe to use.

I am using usdt while I am selling my bitcoins in P2P platform. The maximum holding period of usdt is 1 hour to 3 hours so I guess I am making use of tether in safer mode.

#2 best post. Yes, there is nothing safe in cryptocurrency, that include USDT or so-called stable currency.
Use USDT as short term hold, cash out, trading pair,... and never think it's safe. Only cash in your hand is the ultimate.

in my opinion there is no completely safe crypto including stable coins such as USDT, DAI, USDC and so on.
I use USDT only to measure my trading profits after making a profit I sell it to local Fiat so it's safer.

if you question usage of USDT, which is as you mention on fourth place regarding market cap and has highest trading volume daily, how can you trust other coins that are used much less than USDT?
all crypto industry is made to be trustless, but there was a number of scams in the industry during last five years, and people do not trust anyone with new projects and ideas, DAI is good, i also prefer to use DAI and ETH, but cannot say that i trust DAI more than USDT, and DAI has smaller number of exchanges where it is listed, which is obstacle for trading

I think this is due to the spread of this alarming virus. all crypto users choose to sell all volatile crypto assets such as bitcoin and ETH, then they buy stable assets like this USDT. when the market still looks bad investing in stable coins may be the best way to reduce the amount of loss in assets and coupled with the many POS programs that have begun to run. I do not know whether the program is POS or just a Ponzi scheme, but I see many people who follow the program. and I am sure when all things improve and the world economy has returned they will return to invest in fluctuating crypto again. and prices will soon improve.

Soon it will drop. So don't stay that long with that coin specially in an exchange.
You don't want to get caught in it during the deletion of this coin.

What you can do to maximize the usage of it.
Yeah, just keep on making profits by BTC or whatever pair with USDT you prefer. Stay there.

I am good with USDT and the other coins ;D

You don't have to trust USDT or another coin, but you must trust yourself in making a profit, that is the important thing. You can use anything in crypto, whether its USDT, DAI, USD or else. As long as you can make a profit and keep making money from crypto, that will be fine. And if you want to use crypto as payment, you will have many options to be used, and you can use it without a problem.

USDT and the other stable coins can be your saviour when the market is down, so you don't reduce your money value, but if you still hold bitcoin or altcoin, you will see the value will be up and down, and for some people, that can make them frustrated.

As being mentioned USDT or not, stablecoins or not there are no guarantees here to satisfy your thoughts about not losing. However, I won't recommend it but the practical usage of it may come in time sooner, you might just not need it for the mean time. Opinions here are totally diverse, you might get yourself confused. Either way, it would still be up to you whether to pick this up or not. But keep into consideration the suggestion/opinions here, so that you'll at least have foundation to back up your thoughts.

USDT can protect you from crypto volatility only. It cannot protect you from business risks and embezzlement. IMO if you want to hold USD, just use the real one. Also, remember your USDT balance in the exchange is affected by inherent risk from Tether Ltd and some exchange Ltd.

USDT is not really a "coin" the idea that they have is its basically a "tether" as in it is representing something and not really a thing itself. Bitcoin is a coin and ethereum is a coin all because they are something of their own without really being relying into anything else, USDT is not because it is basically a representation of US dollar, which is why it is widely accepted as 1 USDT equals to 1 USD itself.

I don't understand how they managed to make sure that people actually accept that, I mean there were plenty of other business with that mind that didn't worked, but for some reason this actually worked out quite fine without a trouble. I really hope that people would finally see USDT for what it is and the company behind it because I do not trust them, why would I trust someone saying 1 usdt equals 1 usd when in reality we know that it is not backed 1to1 ratio? I don't.

I seldom keep my fund on USDT and any time I do, it's for a short-term just to beat the bearish market, and will always return back to BTC or my desired altcoin. The fear of coin mooning and I missing out makes don't stay on stablecoin for long. 

I do not think that there is any issue with usdt at the moment, millions of people are trading it without any issue for years, even if some authority closes it there will still be given an exchange option with a time frame so everyone will be able to exchange it to other stable coin or any crypto of your choice. Still if you do not feel confident about usdt i suggest you to not trade or hold it, you can use alternatives that luckily you are already using so all good.

Although Tether (USDT) is a cryptocurrency with a wide range of uses, it is definitely not a reliable option. First of all, it should be known that no project is completely reliable because there is no control institution in this market, but Tether (USDT) is a much more risky project compared to other stable cryptocurrency projects. The Tether (USDT) team created some problems with the reserve unit it had previously stated and solved this problem through a so-called financial institution. Afterwards, they changed their existing reserve values and lost their users' trust right here. Considering suspicious movements, suspicious transactions and a non-transparent structure, we can easily understand how dangerous Tether (USDT) is a cryptocurrency.

USDT is a stablecoin. Which traders use when they trade. USDT claims 1 usdt backed by 1 USD. But reality is something shady. No one knows exactly how much usdt's original supply is. They everyday print usdt as much as they want. I certainly wouldn't tell anyone to use usdt. It's hard to believe those who keep everyone in the dark.

I often use USDT to move assets. USDT has been listed since 2015 and planning was done long before that. Despite having increased the number of tokens in the circulation and shaking the price below $ 1, the popularity of the USDT has remained as a way to transfer value from one exchange to another. When compared to DAI, DAI is more transparent than USDT because of smart contract access. Based on the following data, USDT dominates the stable coin niche.
https://i.postimg.cc/dtRD4vDc/stable-coin-populer.jpg

USDT is a centralized stable token that's why it's remain less volatile like other stable coin, it is safe cause it can save you from market dump, USDT can be used to protect your investment against unfortunate market dumps but it is not a good idea for holding usdt for a long time cause it is safe but not like Bitcoin or ETH.

In my experience, sticking with USDT is your best bet. Yes, it might be centralized and USDT has been shady on some occasions  but it has always gotten the job done. That's the most important thing. But if you still want to be on the safer side, you should only use it only when the need arises – otherwise stick to alternatives. There's a popular saying that the devil you know is better than the angel you don't know and I agree. Using USDT for years now without complains.

remember at one point USDT team admitted that they are not 100% backed by US$..i think up until now they are still not saying the absolute truth regarding their reserves..so holding it long term is really a no no...youll never know whats gonna happen once one of their team members decides to quit or run away..

although such stablecoin cannot provide a guarantee that the price movement is always safe, there will definitely be price movements that can be frightening and make many traders panic, the benefits of usdt are also not too fast.

Sure, USDT is one of the popular stable coins that is used by most crypto enthusiasts when they want to escape the ups and downs of the crypto market. I have personally used it most of the times and I have not had any issues with it. It being centralized that not mean is bad to use and also i have not heard anything about it being shut down anytime soon. Maybe the OP can show us any proof of such publication.

If you have any doubts then you should use dai or usdc most probably but personally i trust and like usdt because it is availabe to trade in most pairs and also i enjoy it due to huge liquidity and massive volume in usdt pairs especially with btc and eth.

Buddy, it should be better if you showed the picture. So, people won't think it is your opinion but the fact.  ;)

https://i.imgur.com/2rHNjZD.jpg

Note: the picture was taken from CMC at Tue, 07 Apr 2020 22:23:00 UTC

There is no problem to hold USDT coin, it is a trusted coin. The current fact is clear proof to show us that people trust in USDT. Also, It is in fourth place in CMC list, no doubt it has great performance lately. Although, it is likely the impact of people's fears of the world economic recession. But we must know that USDT is not the best choice for an investment purpose. It has low volatility, less chance for a big profit. When you put money on USDT, it's more like saving than investing.

If you think that the authorities has the ability to shut centralized stable coins then the rest of the stable coins will vanish just like that, the first that will be targeted will be the privacy coins we have and i am also not a fan of USDT because they are running a shady business and so is the case with the rest of the stable coins, what these centralized coins say we ought to believe and other than that i do not have a clarity whether they really peg what they are claiming.

Not heard or used these and hence no idea.

You can always convert your bitcoin to Dollars or Euro according to the exchanges you are trading if you really do not trust these crypto stable coins and that is how i do and that is the safest option in the market.

I found several post about this USDT coin, in all every one has doubt hold or not in this coin. For me I'm using it without any problem for long time. If you don't feel safe than I would suggest to go with DAI or new Binance USD. Binance exchange is the most trusted exchange in cryptocurrency. Cryptocurrency has almost 6-7 stable currency.

There is some bad rumor about USDT but it is the most used stablecoin so far with lot of volume bigger volume than bitcoin, almost available in all exchanges. I heard before that USDT was used to pump the market they just print and pump but I guess they can also dump or crashed the market or should I say manipulate the market. Some stablecoin has the ability to frozen any USDT asset it is like a centralized coin for me. But it is useful on trading In fact, I am using it but not holding it for a long time.

Because of the many bad rumors, I also only use USDT to move assets. Moreover, volatility is low, if used as an investment is less effective. Unless there is an unexpected event when the sharp decline due to the domino effect of the pandemic in all investment product markets a few weeks ago.

As for me, it is safe to keep your investments in USDT, of course, do not forget about various risks in the cryptocurrency sphere, but judging by the volume of USDT trades, a very huge number of investors constantly keep their investments in USDT and this means that very many people trust USDT.

If you happen to think that USDT might be frozen by the authorities then you better stop using them as your stable coin. There are choices that you can have from USDC, GUSD, DAI and other stable coins that have no current issues.
You better not.

It's the way of taking advantage of certain situation, if you are planning to save your investment into USDT due of seeing that there's a major crash that will going to take place then better doing it. There are large numbers of traders who also use this assets and convert it if they've seen opportunities. It's how traders works for every chances that they can take, Do your deeper research for you to be more comfortable using this asset.

USDT I like fiat currency and this is a very good entry in decentralized market as when you consider market s going down then you can exchange your crypto assets like BTC, Ethereum, BNB in USDT to avoid losses.

No cryptocurrency is really reliable in this market. Its price could collapse anytime if there is FUD, and you need to accept this if you are here and want to make a profit. USDT is one of the leading stablecoins in this market and you can trust and use it

Although I can not say I completely trust usdt or not but usually use sometimes to store my funds in exchange since many exchange support it, but recently I read about BUSD in Binance and how it is 100% backed by us dollars, the fourth largest stable coin with a market cap of about $200 million and is also regulated by the new york state department of financial services (NYDFS), I think this is worthy to look at.

Of course it's reliable, you can use it or hold it for as long as you want. The price of USDT will never change because it is backed by USD, the largest FIAT in the world. I have been in this market for many years but have never seen USDT crash even though they have a lot of FUD in the past.

Despite of their controversy
We can't deny the fact that most people are using USDT and most of the newly minted stablecoins are on USDT
It has the liquidity everywhere thus lower down spread between pair

Look at Binance USD pair, the liquidity ain't good enough thus the spread is big on certain pairs
Well i won't really put full trust on USDT yet i do use it as a method of transaction
Just take care of what's happening around it and you will be fine i guess

I think there is a lot of stable coins out there to choose from and not just limited to USDT alone, so why we bother ourselves with it, but let's accept the fact that USDT is most used USdollar-backed stable coin in the market, so if you don't trust USDT, then you can pick other US dollar-backed stable coins like USDC, PAX, etc and even the Gold-backed stable coins if you wish. IMO, centralized or decentralized aspect is not a big deal to me as long as there is an option to choose.

yea USDT is most popular among exchanges and it has most trading pairs available. But i agree there are lots of other stable coins as well. It all depends on which school of thought you believe or follow if you listen to Chico Crypto on youtube he has done numerous video's on the shady things that are going on with USDT.

I don't think that you "should" but you can invest in USDT especially if you're day trading a lot.
A long-term hodler like me won't bother to do that.
I don't really advise too much for people to stay in stable coins because in the end they might just lose their values in the end, and that's far more worse than losing into an unstable coin that would just regain its value in some time.

I don't get people who take a look at the volume of USDT and think that it is a trusted currency right away just because of it. I am sorry but even bitcoin cash and ripple has high volumes but nobody should trust them neither, these are coins all centralized and all controlled from one source and I will never believe into something that has a centralized place.

USDT basically has the tether company, tomorrow that company could come up and tell everyone "sorry people, we are no longer supporting it and you can't get dollars for it anymore" and the whole currency will be waste of digital ones and zeros all of a sudden, in like a minute. Same goes for all the centralized ones like BCH, BSV, XRP all of them could literally worth zero tomorrow if the owners want to, I will never trust a coin like that.

I realize that USDT should be a steady coin which keeps on rising to one US dollar what ever the cost of Bitcoin is . In any case, I have likewise perused a few reports that they kept on printing boundless measure of USDT during the bull run in 2017 so that can receive in the benefits . So be cautious . Crypto is still crypto.

To be honest, security is among the core features proposed by blockchain technology but the entire underlying of the cryptocurrency market is not secure, all the hacks and the fact that the market isn't meant to be regulated validates the fact that cryptocurrency is not a secure form of financial institution. A developer owning a cryptocurrency might decide to shut everything overnight without any much repercussions to him other than running millions of people bankrupt. But i think USDT is the most used and trusted stablecoin out there, i used them personally and i don't think they are going any time soon

Is it really possible that authorities will freeze USDT in the future?

It seem a big project really, it even have a TRON and ETH version of USDT that we can either store it outside the exchange in the TRX or ETH wallet. 


It ranked in the 4th with $6B cap. Its the most used stablecoin despite the development of more stablecoin in the market like USDC and BUSD,  Tether still is the most used.

For me, most of the cases I used to hold my profits in USDT only, for many days, we are seeing one of the best stable coins in the market. Of course, there are many negative videos about the Bitcoin too, Crypto is always crypto, we should liquidate whenever we need, so always to hold a little amount of money in USDT in order to reduce the risk.

USDT is the leading stablecoin in this market, and its 24h volume is even higher than bitcoin. So why do you doubt it? If you don't trust USDT, I think you shouldn't trust any other project, even bitcoin. You should leave this market as soon as possible if you dont trust this market

Well, actually, crypto should be a trustless system so users shouldn't have to trust no one. When you have a centralized crypto project (like Tether), then users must trust the team behind the project. That trust is (at least for me) broken for Tether. True, all stablecoin pairs have the best volume with Tether, but I would never leave my money in Tether for the long period.

I trust USDC and I use it as my favorite stablecoin. True, it is another centralized system, but they have monthly audits that show that they really have $ in the amount of USDC.

Hard to believe because in the past tether was indirectly involved in bitcoin price manipulation in 2017 conducted by bitfinex and because of this I think there is a slight flaw in tether, but this stablecoin has the most exchange compared to the others and also this stablecoin network hast two models (ethereum and omnichain). but unfortunate for omni the fee is quite expensive, and my personal opinion if you use this stablecoin should never be used to be stored as a long-term asset and it's better to choose another stablecoin like DAI.

Yes it is trusted because here is in every exchange you have one confirm trade pair BTC-USDT as we are comparing bitcoin against usdt so this is not a risky option to be in usdt.

In my own opinion, USDT is really safe and trusted because it is one of the best stable coins and it's 24 h volume is also high like other top coins. USDT is also being used as a safe asset because when we are experiencing a bear market some people convert their coins to USDT for them to avoid huge losses.

I personally stay well away from Tether. I read that their last audit showed that they are only 76% backed by USD, which basically means they are operating a fractional reserve.

The entire purpose of Tether is to be redeemable against the USD whenever the customer wants. If everybody to decide to do a tether run (like a bank run), then 24% of the money would be unavailable.

That's why I stick with Gemini dollar and TUSD now, they're far more transparent than USDT.

Yeah. This is a hidden secret. Usdt never gives any information about their reserves. No one knows how they add new supplies. If you look at their current marketcap you will see that a large amount of usdt has been printed in these days! Why add so much usdt? Who bought these? None of us know the real truth. So this is a risky asset, for  long-term hold.

Judging by adoption rate and usability with volume yes USDT is one of the most favourite stable coins in crypto space, but there are few better stable coins like DAI and BUSD or USDC, they are just better

Youre looking on the outside matter of it. Of course it may be looking that USDT backed by US since its has been on every exchange but as others are mentioned even them themselves arent sure that they are. What does it mean? It seems they only relying on their firm to prove this back up thing but the truth is once this shutdown every market and crypto pair will be paralyzed. Remember it is owned privately and we dont know until when they can hold some losses sometime. There is no insurance even with tether.

DAI, BUSD, USDC... They are stablecoins created after USDT, and their volume is not so much so you can not comment like that. USDT is still the leading stablecoin in this market and no one will ever surpass it

Yes you can not invest on USDT in a hope it will grow overnight....it is the most stable crypto till now..no volatility at all and if some one wants to hold crypto without any kind of risk...it is the best goo

It is not safe indeed. Use it only temporarily and if you have no other choice. I wouldn't touch that crap with a 10 ft pole though. USDT in curculation is over 6billion USD and that's nuts. That's crazy. It is a timed bomb.

Stay the fuck away. It is a major scam.

you beed to trust USDT as you trust other cryptocurrency because its just a representation of the fiat money. i use it to exit on the market when its bleeding and just go back to btc and alts once market is good.

but technically it is not true - the usd itself is not stable so USDT won't be stable too.
In reality it is quite stable and safe (in terms of losing you funds due to quick price drop).
There are a lot of rumors around tether in general, however I haven't seen anyone getting literally scammed by tether

Though USDT has greater volume but considering the reputation I think he was right! USDC is better than USDT, even BUSD is doing good too! BUSD will have real-life use cases very soon, I read some articles about it! Though I am confused about DAI, once it looked great to me, but now I don't feel positive enough to store my coin in DAI!

Everyone who uses stable coin need to have a look at this thread Most Stablecoins Can Be Frozen, Even When in Your Own Wallets (https://bitcointalk.org/index.php?topic=5204055.0)

So its more likely you are trusting your banks when you are dealing with such stable coins,so be aware of the consequences and hold the decentralized one.

At this moment usdt is the most used and most popular stable coin available in the market. Almost every exchanges have usdt pair also. I know there is many rumors regardig usdt. But still it most of the people using it. It's fine. If you don't have trust on usdt then use more than one stable coin. In this market a lots of stable coin available. Divide your asset and hold on every stable coin. That's it.

because the economy is experiencing a big shock right now, people prefer usdt as the alternative that exists at the moment. of course through these circumstances the users choose USDT coins as the right choice

yes it is!in my opinion USDT is safe and it is very important stable coin for the crypto ecosystemi personally use USDT but i will suggest you do your own research

Yes! USDT is save due to the fact that it can retain is value  in most cases unlike others coins which are use for trading  that can  depreciate in value at any point in time.

The way in which USDT is being operated, also makes me be sceptical about it. However, I looked at the history and what is currently happening to the market in general, crypto enthusiasts need it a lot. The fact remains that I use it, but I do not hold t for long, believing more in investing in what will grow, than that which will just stay stagnant at a point.
So, since I do not hold it and it serves the function it is meant to whenever I want to use it, then I am fine with it.

That's true. the volatility that happened with another coin will be removed when we are using USDT and this is the best thing to be used when we are still facing this pandemic to make sure everything will fine about that.
Im also one of usdt users and this coin can be trusted anytime. There are some choices too like USDC and other

Have you ever experienced problems with USDT so far ??
because until now I personally have never experienced any error, because in crypto there is no one that is safe, everything has its own risks.
we must understand that it is now more popular that is centralized  than not.

When it comes to discussing usdt or other stable coins, i believe it depends on the type of personality.

If you are a trader, you can use usdt as a store gap, to quickly store your profit, before you enter another trade.
If you are an investor, you also keep your money in usdt, so that you can retain original value during dips period

A bounty hunter has no business with usdt.

In summary, USDT is trusted, but it can as well dip towards 0.9$, and always remember to store your assets in your personal wallet.

There is no project that is absolutely safe in this market, but for USDT we will never have a problem with it. I have been using USDT for years and have not had any problems with it, and certainly in the future it will be the same. You can completely put your faith in this stablecoin

But it is not good to keep hold this stable coin. A stable coin is very useful in trading but not on holding. You cant able to gain with the stable coin because this will not fluctuate. The value will the same to fiat like dollar base. It is safe but not recommended to hold, it's better to hold hold Bitcoin than holding a stable coin in your portfolio.

I trust USDT and USDC, in addition I do not trust any other stablecoins. because USDT and USDC have been appraised by the SEC and legal agencies for prestige and technology mechanism, and it is completely qualified. When we use USDT, there is no need to worry too much about manipulation or fraud. As for the other stablecoins, I am not too interested and do not want to use it because the volume is quite low.

How? Isn't USDT an ERC20 based ? maybe because it is a stable coin of which it is not the only one but most preferably used to minimize risk. I do not thin there is any risk that makes it at higher risk more than the other cryptocurrencies in as much as you used it on reputable exchange platforms. Do not forget there are many stable coins but USDT has been around for a long time

You may not be able to gain USDT when you hodl but when you are trading it, you can gain especially with those leverage tokens and this is the reason why the trading volume of USDT is very high as stated by op because alot of crypto trader trade it other pair and they use it to minimize lost during volatility

There is always a certain degree of risk associated with using Tether (USDT) despite its widespread acceptability. The problem is that the USDT promoters have lied in the past about the backup funds. They claimed that the token was 100% backed up with real assets, when in reality it was established that the backup level was much lower than what they claimed. And then came the Bitfinex-Tether scandal, in which the exchange used funds from Tether backup for trading, without any intimation to the users.

I guess I heard this before, but people are still using TETHER now and we've seen its good volume, it has the biggest volume of all the stable coins.
That time I just don't pay attention to the news since personally I am not using stable coins with my assets, I prefer to do short term hold or just hold longer when the market is unstable and just wait until the price will rise.

and with OP's question..


I think most traders are using it, so it's trusted.

No one claims that Tether have a problem right now when it comes to transaction but the problems comes when there is an investigation coming out regarding the backing they claim are forged and if that happens the complete market crashes and considering that risk then you cannot completely put a blind faith of these so called stable coins, i will never suggest anyone to use these stable coins to hold for a long period but if you are trading momentarily then it is fine as long as you are monitoring everything.

I only choose USDT for my trading pairs and also I choosing it when the bitcoin and altcoin price are decreasing I will choose USDT to put my money. I think when I do this thing will save me when there is a bad thing happen. Also I was thinking that choosing USDT for long term holding is not a good way, firstly you have to aware that you came to this industry because you need to add your money or your initial money whereas USDT is not an investment place. You can see its movement price, need a long term for you to make your initial money is increas.

my best Stable coin at the moment is BUSD because 1 BUSD is backed by 1 USD (not claimed by CZ)..it is also audited by New York Department of Financial services NYDFS..USDT is backed by no human in this world..the most approved and real stable coins..PAX..BUSD and USDC...but overall, be careful while handling stable coins. Don't get too comfortable

I depend on USDT when i need to freezing my money instead of altcoins. In my thought it’s definitely better choice of different stable coins. Actually no coins are guaranteed, crypto is volatile, but you can used USDT because which one choosing/recommend most of members, it’s getting more promotion for a lot of bad. Who's will never invest stable coins for long term.

All of you who says that USDT is the best stablecoin and that no one can take it's number one place. Did you know that most of stablecoins can be frozen (https://bitcointalk.org/index.php?topic=5204055.0)? And by frozen I don't mean stablecoins that you hold on an exchange. Even stablecoins that you hold in your own wallet can be frozen in order to remain compliant with regulations. According to post I have linked, only DAI coin can't be frozen.

in addition, my USDT also received information that only 70% of USDT was actually backed up with dollars. however, I think that could cause problems someday. but, although many people already know that, the use of USDT continues to this day.

Well... That's a public secret that almost everyone is aware of but Tether is still the most popular stablecoin. It's probably because people don't like to change their habits I guess. I personally trade in Tether but when I plan to stay in stablecoin for a longer time, I convert it to USDC. I'm aware that USDC too have the freezing option but at least they have a company that's doing monthly audits of their fiat balance.

It's my estimate that mostly people prefers usdt first in stable coins even there are lot of stable coins in the market, the reason is it's well established between top ranked coins with massive adoption so it can be the positive and strong point of usdt anyways nobody knows what's trustable and reliable in crypto but if there is any advantage we can take it with our responsible decisions.

Are you serious? Holding USDC for long term investment is not profitable I guess. I will be prefer to choose an altcoin even I choose ripple comparing I choose Tether or USDC, because most of them aren't investment place. The stable coin mean there is a little chance to you to get profit. But it will be suitable if your intention to came to crypto industry wasn't for investing.

Oh man, I think you didn't understand me at all... When I said that I trade in Tether, I meant that I use USDT pairs for trading (BTC/USDT, ETH/USDT...). I'm not using stablecoins to get profit (that would be really stupid). I'm using stablecoins to keep my portfolio stable when the market is crashing.

Guys, guys, guys... Where exactly did you see that I wrote I'm investing in the stablecoins? English is not my native language but I think it's pretty clear what I wrote.

I agree on it. There is no 100% safe cryptocurrency in crypto world. Trading BTC, ETH or other assets with USDT is still now good but how long it will be good we can't say because any bad news will turn USDT into unstable coins immediately.

USDT is an option, you trade with USDT to volatile crypto assets because you like to make profit with trading.
Before, there was no USDT, the market is more volatile, but we have stable coins now and it solve the problem and of course there is no guarantee that USDT will remain a trusted asset as it's possible that while you are holding it, you won't be able to exchange anymore due to the exchange itself is corrupt.

Stable coins are the safest solution for investors during this time because if you keep stable coins, you will have many other investment opportunities and you can definitely decide on many different issues. Actually holding USDT is a very smart choice for the time being as the market is in a downtrend and a lot of coins are falling to very low levels over the past few months.

Yes, absolutely, security in crypto does not really exist, and we also cannot reach too far about matters of trade, so everyone needs to be careful in carrying out their work in the crypto space.

I don't agree that holding USDT is smart right now because the market is not in a downtrend. If you look at the Bitcoin chart (https://coinmarketcap.com/currencies/bitcoin/), you can see that it's up 66% in the last month. Exactly a month ago BTC was trading at around $4300 and now it's trading at the price of $7142.

On the other hand, the BTC halving is approaching and it will surely have an impact on the price. But now one knows if it will go up or down :)

until now USDT is still very reliable, you do not worry, although many stable coins appear, such as USDC, TUSD, BUSD, etc.,
of course USDT is king, for now. but it could be taken over, reportedly countries like America will create digital dollars or even China that creates digital Yuan, maybe USDT will be affected

what actually happened is that, wen using a stable coin to trade you are at the safer side while your funds will be secured looking at btc market today is always waving up and down but with USDT is stable.
in other hand there are other stable coin you trade with if you are afraid of the authority to shutdown at anytime. currently USDT is the number one to trade with.

USDT is one of the most common trading pairs now, especially in crypto trading. It is also a stable coin that doesn't get affected whenever the market goes dump or pump. So I in my own opinion USDT is trusted to use, but to be sure better convert your profit every time.

The information about how much USDT has already backed by real dollar fiat currency is not yet published but tether have said not 100% backed and that means there was a small percentage for tether that was not getting backed by fiat money. Im still even using tether right now.

ROFLMAO... Seriously?

Dude, Bitcoin is a decentralized cryptocurrency which can't be controlled by any central bank or an individual. You are comparing such an asset to USDT, which is just a token issued by one of the cryptocurrency exchanges. They don't even conduct independent third party audit for Tether. No one knows whether the currency is 100% backed up with real assets or not.

USDT is controlled, and companies control USDT's price and make it always stand still like FIAT. And you cannot compare USDT with Bitcoin. Bitcoin is decentralized and no one can control its price

Never found information from the Tether team's statement that the usdt was backed by gold and even many doubts have arisen lately that 1 usdt represents 1 dollar. The fact is they are still volatile.

In my opinion, USDT is trustable but BTC is more trustable. Now most the coin has USDT pair. So its volume is high. I think USDT is not suitable for long time holding money because it is centralized.

in my opinion to USDT is still very reliable, all exchanges using USDT as PAIR of coins and tokens, and replacing fiat currencies,
and USDT is very helpful, I do not know going forward about this USDT project, but the most important is now USDT is still feasible for you to believe. ;)

Many people trust usdt, but i personally avoid using this stable coin, too many bad news behind usdt, I choose usdc if i want to hodling usd stable coin, it more credible than tether in my opinion, but i rarely hodl fiat stable, because im not a daily trader

The USDT is referred to as a satabil coin if to invest must require large capital  to be able to provide big results but if you don't have big capital
it's better to invest in another coin like LTC and BNB both coins can pump high in a short time

What's the benefits to hold stable coins? It’s ridiculous opinion i think. How is it compare with BTC? I do not think stable coins are most legitimate even though you mentions it better than BTC. No way to keep too much trust in Tether & all of stable tokens. But among of them i am going to prefer to USDT. It’s unfair to making comparison with BTC.                         

It has a good liquidity if we were to use compare to DAI
But somehow i would say if you wanted a more flexible trading options, go for USDT as you can see Binance uses USDT but not DAI

There is no reason for you to be disappointed with USDT because this coin is still significantly better than other stable coins and the value of USDT is always at $1. I think the USDT fud news doesn't affect your assets so this coin is still good for everyone. Currently, other stable coins such as USDC, BUSD, TUSD are only alternatives and cannot compete with USDT.

People can Trust USDT but for a short period of time coz it can be controlled like Fiat. The deal should be if you trading and Altcoins are losing covert to USDT when they start to bull you recover your tokens from USDT. So it's very risky when you use it for a long time, you might lose big time.

 How come people managed to accept centralization? At what point did that started? Tether is a company that prints out whenever they want and sells to you and can control it whenever they want, they could literally reverse it if they want to and just pure owner of all of them and rents it out to you for ownership for a period and you guys all pay for it. When did we start accepting centralization?

 I think it may all started back when coins where actually never printed or minted beforehand, they were released with wallets and you started to mine it, nobody owned it, nobody controlled it, nobody was the creator or the owner or whatever, one day ICO started and all of these projects printed their coins beforehand and sold it to you to make money and told people they will use that to improve it, and people believed. Ever since that day we are not really doing all that well anymore and accepted centralization.

To me usdt is the most trusted and the loss isn't as huge as others, it's a stable coin and it's something one can have and forget it for months still come back and meet it same way without much panic, usdt is the most and more trusted coin to use moreover it's a stable coin so not a coin one should be scared of. I could remember when market went down including usdt but usdt hard to pick up back to its usual rate while others couldn't. This is the market.

For me, USDT is like Fiat and I totally believe in it. This market could collapse and bitcoin could fall heavily. But I believe USDT will never collapse as if because they are backed by USD. So it is very safe for you to use without doubt

USDT has been successfully existing for over 5 years and everything is fine! Although I myself am not a follower of the digital dollar on the blockchain, LOL! But still USDT sometimes saved me from financial losses! It is on all stock exchanges, which is not the case with other stablecoins! The only thing I can advise you is not to keep your money in USDT all the time! ;)

to use? I think that's trusted...
to transact USDT is much better than Bitcoin because the exchange rate is more stable when compared to Bitcoin.

Even USDT has bad reputation, it is still the biggest and most trusted stable accepted by almost every crypto exchange. DAI looks good technically, but only on paper, I am afraid that if the market crash, the price will not resist because it won´t be backed by enough Ethereum coins.

There are good alternatives: USDC and Gemini Dollar, both are audited by independent audit companies that provide enough credibility. But now I would be more afraid because central banks want to fight with all stable coins.

To be honest, there is no safe altcoin in this market. Even Bitcoin has a lot of FUD and its price could collapse anytime. If you enter this market you should take risks, I have been using USDT for about 3 years and have not had any problems with it. And hopefully it will go smoothly in the future

as far as I know, no one can guarantee the security of all cryptocurrency trading that you do because if you do trading activities like this, all cryptocurrency prices can fall suddenly because of fluctuating price movements, when you want to enter a cryptocurrency, be careful careful is more important.

never hear of dai or sai but looks like these coins are less trusted than usdt so i still go for usdt   .

 trading volume for usdt is not questionable since usdt is a popular stable coin and verry useful nowadays that the market is now verry volatile   . and why news around usdt are going to shutdown ?  bad news or good news is normal  and i never heard a news that had been shutdown before  .  lastly if you dislike centralized coins then fine dont use it but i cant say that being centralized are bad   .

Keep calm dude and you should not feel worry about that. We have seen so many times central banks were also saying the they will ban crypto and bitcoin but the opposite thing is happening as the result from the strong community behind crypto. The only main concern if all of stable coins must be audited to verify the reserved funds to issue the stable coin.

Actually USDT is also volatile and sometimes costs 0.9-1.1 dollars! I remember in October 2018 the value of USDT fell to 0.6 dollars...
Well, if the market collapses, USDT can't resist either! Because USDT is also not secured by the dollar!

Yes, that's right, USDT tokens are always used by many people in terms of maintaining the value of their money in the market, because USDT tokens are tokens that have been proven in price stability and everyone certainly likes it.

Tether literally printed out 600 MILLION DOLLARS worth of tether, we are talking about SIX HUNDRED MILLION DOLLARS!
Are you aware how much that money is? They literally sold over 6 billion dollars worth of tether to public so far, I can not believe there are so many people who are willing to buy something that has zero value and make it such a big thing, over 6 billion dollars just given away to these people for no reason at all, they have used it for all their expenses.

What is next? They are going to start charging taxes on what you spend your tether on? They are literally doing what the government has done with fiat for centuries and they are doing it illegally as well. I have done my warning a million times, anyone who gets their money stolen when tether runs away is an idiot who never listened to me.

The tactics is called tethering. Before the USDT and other stable pairs came up, crypto trading was either buy low and then sell high. There was no way anyone could "hang" or convert a coin in expectation that it was going to crash for a quick gain. But now all that is possible. This is what I use the USDT coin for.


It's not that you may lose. It's just that you may not make extra profit if you tether a coin and it begins to pump. That's just it. But what about you don't tether and the coin begins to crash? Is that any better? Well, it's not.

When you talk about trust in this regard I would say NO, USDT shouldn't be trusted at anytime because there have been stories concerning its existence and should be carefully use. Those who actually used the said coin or still using it are just holding their coins there because of other coins volatility. Though, this is what I usually do whenever there's a market downtrend, I save all my Bitcoins in USDT for the safety of my investment, but am afraid that of their existence till date.

very true what you say about this coin, but ask yourself a question.
Are other coins equally dangerous or not?
For example, USDC?

I don't feel like drawing conclusions - better to trust little of everyone
personally, I prefer to differentiate

So much talk about the usdt, so I don't think I will give it my full trust,but then it is good for saving the day, especially when there is a missive drop down of crypto value,the usdt will serve a very good purpose of retaining the price value so it's a two way thing for saving the current price value but if bitcoin moves it losses some days.

I'm amazed as well. People trust this company that popped out of nowhere and made some false claims like the one that their coin is going to be backed by USD. When asked they were avoiding to give a clear answer to where their dollars are stored and finally admitted that they are only partially backed! So where's the rest of it? It's fake!

If you did not understand and need me to repeat: at least 20% of tether in circulation is completely fake and cannot be redeemed in USD! If people decide to dump it make sure you're not one of the last people to do it because tether is one of those few tokens that literally can go to 0 and have no value because they will go bankrupt long before all of usdt holders are able to convert to USD.

I really believe in USDT, in my opinion the right decision to save some of the capital we have in USDT. Even the profit that I make from
trading, I save in USDT too. We can see data on the coinmarketcap website that the USDT is still the largest volume. This indicates that
USDT has many people who believe in USDT. Besides that, USDT is very safe to avoid the volatile crypto market, because USDT is
stablecoins which may not be affected by the market price.

Why you should want to hold USDT coin. People exchange btc/eth to usdt because of unexpected market up down. That coin is not for hold i guess. And if you don't trust that stable coin then don't buy it. Hold your asset which one you trusted. For me i don't see any bad sign about this stable coin and i don't agree that it'll be shut down easily like you said. Beside USDT there are many stable coin approach in crypto in past couple of years. Besides DAI you can also try one of them if you want to.

USDT is the safest asset for me in this market and the value never changes over time, so in any investment I sell profits and keep only USDT. In fact, many other stable coins are available in this market but most have very low trading volumes and are not strong enough to compete with USDT. In addition USDT supports a lot of platforms so that you can withdraw money freely without worrying too much.

You are right, USDT should be called a pegged coin and not a Stable coin, also this one is not so good to use, looks like the Tether treasure is minting tokens without have real dollars behind it. A few articles are saying things like that, we can find some posts on twitter too.

for me usdt is my alternative to save temporarily because it is quite stable and directly used as xlm. because the fee is cheap. nothing is completely stable in crypto, anything can happen. so if i get usdt i will definitely wd to xlm then to idr.

I think if we do not trust USDT, there are many stable alternatives that can be used. With USDT trading in many large exchangers, I think we can trust it and can be used for transactions

Eventhough so many people have said if USDT is a bad coin but USDT still becomes the most used stable coin right now. That means the trust to the USDT is more than what already accused by some people who were saying negativity about that.
You didn't fully trusted this coin but you are still trusting this coin.

For me it's yes. I am using usdt for a very long time and for me I never received any kind of trouble. Usdt is the most popular and most used stable coin available in the market. Cause people trust it. And they chose it. I know there is many rumors regarding usdt. But I don't care much. If you are not okay with this I would suggest you to shift to other stable coin. Cause in the market there are lots of big alternative available. And you also can splite your asset. Just whatever you do do some research first.

I think we can be in USDT when we believe that BTC is going to dump against USD. That's it, that's the only use case I see for this USDT stable coin as it just gives us the opportunity to buy at lower value without having to remove our BTC to sell to our local exchange and buy back as there are premium rates compared to what we see in these trading exchanges like Binance and BitMex.

Since I use USDT, I have never had any problems with it. USDT sometimes has FUD and has a slight effect on prices, but that's not a big deal. Things were resolved quickly and prices continued to stabilize. In the future I cannot predict the situation of USDT but it is certainly the safest of all stablecoins in this market.

Can you recommend me other alternatives for USDT? I just know USDT is the biggest stablecoin in this market and it's the safest. In addition, the liquidity of USDT is also very large so we do not need to worry whether it will collapse or not

As most stable coins are created and maintained by exchange, there do exist many of them. I can mention Paxos and USD Coin USDC. The list is long.
It's not apropriate to consider them alternatives, as their main use is within the exchange who created it.
Here a full list of known stable coins in the market: https://cryptoslate.com/cryptos/stablecoin/
Note that some of them may not be equal to 1$ price like bitCNY = 0,14$ and EGORAS dollar = 0,5$ (actual price)

BUSD - Binance USD
This is the best alternative I'd take. I know that I'm somehow against exchanges like Binance, but when it comes to volume, security, trading experience, tokens they list, etc. I believe that Binance is very good. The only part I don't like about them are their KYC issues as well as no coinjoining allowed. Else, if you were to trust a coin, Binance USD is the best because this exchange won't go offline any time soon, and so the same applies to their homemade fiat too. ;)

Truly speaking it doesn't differ from any other centralized currency. Also, many shady 'news' relative to USDT makes it quite unpleasant for me. But it still is popular in China and among many traders to avoid volatility.

I don't think there is a usdt that is globally just 1 but the price of the coin depends on the price of the USD and for now it still looks good but I don't know the next few years will still be good or not because when usdt there were also many conspiracy cases.

If stable coins are to be shutdown according to the rumors (which in my opinion is just mere rumors), even DAI is not a safe haven. USDT has been aiding me in my trade over time, when there is need to take profit or stay sidelined from the market. I prefer USDT because its got more trading pairs and high volume comparatively. For me, USDT is safe to use, till a contrary law is passed against its use (which is not forthcoming).

I am afraid of the upcoming investigation on all stable coins, finally they would like to regulate/ruin them because in every country creating money is against the law and it is a crime.

I use USDT mainly to take profits. Keeping coins in fiat currency is really not entirely wise. They can be used as an aid.

Dear in my opinion USDT will not stop because during COVID-19 most of the people turned to the crypto due to the lock-down. It will be helpful for ALTCoin to grow slowly gradually. If USDT will be stop then we can easy shift to an other coin/token like you did DAI.

Thank you

In a sense the stable coins are not creating money from thin air if you are doing it the right way with transparency and regular audit as they are pledging the dollar or equivalent to maintain the price, the problem happens when these stable coins keeps on producing new coins but the equivalent wealth they pledged are not transparent and there is no clarity and when that happens the authorities will intervene and that is the reason USDT was under scrutiny because they were not transparent.

I also only use UDST to take profit because after every investment I usually do this to know exactly how much my profit is. Of course this is a very important coin in the crypto market because any investor will use it when choosing to invest. Also, lots of new options are available to everyone like USDC, BUSD, TUSD but these are just alternatives.

In my own point of view, we can't rely on usdt if we intend to invest on it, such that it cannot give us good profit since it is stable coin. We can just use it, say for exmple if we hodl a coin that is decreasing continuosly its value, we can transfer it to usdt to overcome the lose profit.

USDT is indeed not suitable for investment and most people use USDT only to secure their assets from a sharp decline and after the decline has passed they will buy another altcoin using USDT, I am a USDT user too and always use USDT when trading

Then I advise you guys to start taking profit in USD or EUR and avoid USDt.

Until they become fully transparent and openly say how much they are able to cover in USD and how much is made out of thin air I'm going to avoid them and tell it to everyone that I know. USDt is like a disaster waiting to happen. Until they go transparent we won't know if they aren't manipulating the market.

In my opinion it's a big yes. Atleast I trust it. I know there is many rumours and fuds around usdt. But think it's is the most used stable coin. Cause majority of the people trust it. I am using it for s very long time. And I never faced any kind of problem regarding it. And it's almost listed in every trusted exchange so it's easy to grab for me. But if you are not sure about it then you could chose any stable coin you want. There are many stable coin available nin the market.

For long term for sure not, but if you follow news and predict some disaster then you can use it for short-term hedge against price drop. I am talking about issues that Tether has - probably not backed tokens, many problems around the world with legal authorities and so on.  :)

USDT is in the Top 5 Coinmarketcap, and that's a good thing now, everyone believes in USDT, and USDT is very useful,
stable coins have an important role for crypto currencies, maybe this will help Bitcoin to become the world's digital currency

No currency is stable in crypto.  but usdt stable.  If you do not want to stand in face of loss.  Then it is a good option.  But you will not get also profit.

but the benefits of having a usdt are very long because the price movements are very stable making it difficult to grow assets in usdt, so I think usdt is not the right choice if you want to grow assets quickly.

Nothing in this crypto world can be said to be completely secure & trusted. So if you want to hold for a long time basis, it's not safe for you to convert your savings into USDT in any way. But you can use it if you are a short term trader.

I think USDT is not that bad to untrusted it,you can trust this in a short period of time.  DAI is good, but USDT is better! But don't hold your money to long in USDT . Safest use case of tokens is to secure digital asset not touchable . Becarefull  Crypto is still crypto will be in crypto .

USDT is highly risky to hold for longer time and most of the crypto experts suggest don't keep USDT on exchanges or in wallets more than one week, if you wanted its good to convert them into fiat and then convert back when you wanted to buy decentralized cryptos.Because USDT keeps injecting more money into the crypto market so at some time people may lose their trust on this stable coins.Anyother stable coin also undergoes the same situation so better to hold decentralized cryptos for holding purpose.

I don't trust USDT or tether. I temporary convert my bitcoins to USDT as we have only this option avaible in most of exchanges. I will never keep my funds in USDT for long term. There is also a chance that in future the USDT may be banned.

USDT is just like the fiat system. It's still safe for the purpose of which it is created to hedge funds In times when you want to maintain the stability of your funds.

USDT is stable currency, it is tasted. But i also think that USDT is a cryptocurrency so it has some risk one the other hand USD is trusted in world economy. So i can’t think USDT is Trusted to USD.               

perhaps precisely USDT is more suitable to be used as an alternative type of coin for trading needs and is not suitable if it is used as a form of investment that can be profitable for a long time because Usdt is one type of stable coin that is only used by most traders to convert their money to buy several other types of altcoin to trade

You are right, I did that a while ago when there was a fall in the price of bitcoin and all altcoin. and when prices began to improve I transferred all the assets that I had on crypto

I think the USDT daily trading volume will always be the highest in the market,
it is because most peoples usually trading all kind of crypto coins with USDT pair, causing the volume of USDT is highest among the others.
I don't think they can easily shut down USDT coin because many peoples already used it.

I say it is not safe because it is not real cash and it can turn to zero value at any time. USDT is the most used stable coin and we keep it when we are not trade, to avoid loss. Because if we keep Bitcoin or altcoins they can crash more than 10% after a day. USDT has been run a long time but no one sure, i recommend not to put all of your money in USDT.

usdt is the most used stable coin, some rumors however say that there are not enough funds to transform(backed) all the existing usdt in fiat/usd but this does not matter because they are the most used by the exchanges and are used to exit from day trading and then to return and not to transform them in fiat, if we really don't trust there are many other valid alternatives among stable coins

For me it's fully trusted. I didn't see any point not to trust usdt. I am using it for a long time. I know in this market there are lots of stable coin available. But usdt has the most volume. Cause people use it and trust it. There are many rumors among usdt but I never faced a single problem. If you don't trust it then I would say pick other stable coin. Or divide your asset to 3-4 asset.

That means you trust USDT... After all, you wouldn't sell BTC for USDT...

I use USDT a lot too and have no problems!
Actually, if Tether goes down, the whole cryptocurrency will go down!

Tether has been talked about negatively for years, and it's still stable!

USDT is definitely not a safe stablecoin to hold and you shouldn't plan to hold USDT for a longer time like several months.

However, USDT also has a lot of liquidity at the same time. If you a short term trader,  I don't think using USDT will be a big problem.

USDT has liquidity against what? BTC? That doesn't mean anything because bfinex can print and create as much liquidity as they want.

The real question is, does it have any real liquidity against real hard USD? Don't think so.

Truthfully we can't trust centralized platforms in the crypto space when it comes to keeping funds but in this case, USDT have been around for a long time now, hence its value and potential took it to the position it is now on coinmarketcap. Therefore in my own opinion, irrespective of the news about it, it is still growing therefore I will continue using it as there have been no issue with it ever since. But when it comes to holding long term I prefer other trustworthy coins like BTC.

Well I don't use USDT just for storing funds not because centralized I prefer to store in my local digital money. USDT is useful for me like when the price of crypto is getting down then i convert it into USDT so that i will not losing more money.

There was no problem with USDT, and this is still the best stable coin in this market, and USDT liquidity has always been at the top. I think investors do not need to choose other stable coins because it only makes you more tired because for me, USDT is okay. Of course, this is just my personal opinion and depends on each person's choice.

yeah . it makes no sense to choose because all stable coins have same value anyway but only name changed however usdt is the most popular so why not choose other else ?

dunno why the other user said that usdt is risky when the value is not volatile at all but even coins that are volatile like btc for example is still safe compare other because of its age and background .  but i think all still depend on the people if they will continue to use cryptos or not .

every cryptocurrency there will be price changes because the movement is determined by supply and demand, so that the USDT will also experience price fluctuations, so there is no safe investment in crypto.

I wouldn't trust it myself, many many people trust it and it has over 3 billion dollars in valuation so maybe I am wrong. Think of it this way, there is a stable currency that will not move in value, you are going to own what you own and that's it, nothing more nothing less, so there is no risk involved. You can use it to buy, sell, send, receive any way you want and its pegged to worlds strongest currency. You can trade it because it has as many pairs as bitcoin nowadays. Those are all great parts.

The bad part is, its owned by people, its controlled by people, its just bunch of humans who have the total power over all of it. That doesn't mean they are bad people, I don't know them, I don't even know who they are. But I am just not willing to risk it.

for me personally trust a stable coin or USDT only as a means of exchange and not use it for investment. I think everyone will say the same thing that stable coins are better used as needed and not for long-term investments.

USDT volume is high because traders and investors trust it and of course USDT is very safe,
I cannot prohibit you, but USDT is better than DAI, USDT has also become a pair of all exchanges

I just use USDT when trading coins that doesn't have a trading pair. It is just like a moment when I buy and sell if for the coin I really want. When it goes on trust issues, I think it is safe and trusted since it is a centralized coin and if you want to keep some coins for future trades, it is better to keep it in that form.

I don't know about you but I don't use USDT to keep funds, I only use it when the need arises not that I hold it for long, therefore since am not holding for long because it doesn't appreciate in value, then I don't bother much. Also, till date I think people have find it better dealing with USDT more than other stablecoins, the daily trading volume alone proves that, therefore with this daily volume amongst other reasons, I think it can be trusted. Lastly many people have their preferences when it comes to stablecoins for me, it is USDT.

For me usdt just works fine. And I fully trust this coin. Usdt is the most used and most popular stable coin available in this market. Cause people trade this coin most and people trust it. I know there is some fud about usdt. But I never faced any kind of scam or problem regarding usdt. Now it's your choice caus in this market there are a lots of stable coin available. You can go with them too.

At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.

I think @mt55 is making a fair point. In real practice nothing is can be trusted even if its legitimacy stands momentarily but because there are no or very few options left people still rely on them because that's the best there is. However, one would be wrong to think that there are 100% no drawbacks, hacking nowadays can bring companies to its brinks within matter of seconds. So it is best to remain skeptical and vigilant at all times as things can change very quickly.

Given that there is a very large number of different stablecoins on the market now, they should redistribute the volume of trading in USDT in their favor. But I do not have 100% confidence in any stablecoin, although I have to use them in trading.

Tether acts like bank indeed but where is their banking license?

Tether is not a bank and they have no right to print USD because they ain't the FED neither.

It is a major scam no matter how you look at it.

Why do you think USDT is a scam when almost all exchanges use this coin. I think you're wrong here because USDT is the only stable coin that I feel the best and has a great deal of support from the top exchanges. In addition, if you want to switch to fiat, up to 80% of users will use USDT to transfer because this is the easiest way to avoid volatility of this market.

even banks will fall when everyone withdraws their assets. however, there is still a lot of negative news about the development of the USDT, such as funds that are not 100% covered with dollars, or anything else. but, as far as I'm using it, it's quite satisfying.

To be honest, there is no guarantee of safety in the world of cryptocurrency, but the USDT includes cryptocurrency that has existed from
2015 and now already in the top 3 ranks. Then the trading volume is above Bitcoin, with all the evidence it is actually very safe to use USDT.
But there is no harm in us being more careful, so use stablecoins like USDT only to avoid volatility in the crypto world. Not for long-term
investments or saving large amounts of money in USDT. 

If it's fully backed and it will always be stable because it's pegged with the commodity that has already used to backed tether with 1:1 ration. Sometimes the flash dump can make it goes even lower than the 1;1 rate caused by the market has no liquidity but it looks like everything is stable right now.

I'll be a bit skeptical about the fiat-backed fraction 1:1. Until now, I can't find any trusted source that says Tether was back 100% by real US Dollars. However, because we don't have too much choice in the market, Tether is usable and reliable for now. We can't say anything for sure for the future, but right now USDT is one of the best stable coins that we can use!

I don't know how to use USDT except, trade it and using it as safe investment, even though USDT daily trading volume is over the Bitcoin trading volume, but this is stablecoin, you can't get a lot of profits. And recently USDT have bad news about freeze, centralized, etc, this is so bad. For me, i will stay away from this coin

the news is indeed true that the company or those who manage usdt can close it at any time.
but that will not just eliminate USDT, until now almost all exchanges have USDT pairs that are more famous than other stable coins and are more widely used.safe or not we don't know.

Although USDT is being used by a vast number of trading site. It is a not a good option to transfer money from USDT to another USDT wallet. There are tons of horror stories about failed transaction so for me it cannot be trusted.

Is that really true though? as far as I'm concerned it just works like any other token out there. I mean so many people have used USDT for transfer but they're doing just fine. maybe small fraction amount of people are doing somekind of mistake when sending their transaction.

so feds with their money  printer are totally legit?

I don't see any threat for users from Tether.

sometimes it doesn't matter what's on paper if your mind tell you where is scam.

In my opinion, the USDT is a means of financial stability that aims to insure its immediate values of a coin or token for a possible future of manipulation or to enter markets where the USDT is most valued and required. We can consider a diversity and not an investment bank because the value cannot exceed 1 Dollar.

in my opinion instead the success of usdt is in the fact that people who trade or other financial transactions need a tool to park the crypto momentarily (pause).
it is very useful for this, moving to FIAT means paying taxes for operations that may not have been completed (in some country)

I am more interested in USDT. And I am sure that the USDT will survive well despite many negative issues that develop. The journey of the USDT has been very successful, in a short time the USDT was able to reach the position of three CMC. Even daily trading volume is number one.

I never hold USDT for the long term, I only buy USDT when Bitcoin goes to bearish trend while trading and wait for bullish, but if you want to hold electronic money, You have to trust someone or other. Reviewing BTC USD Trading Volume, it can be said that it is trusted because a huge amount of trades are made, if you don't trust USDT, there would not be so much volume.

I have no problem holding USDT on my trust wallet, all I avoid is buying the stable coins from unknown or less trusty source, I buy mine from binance meaning it's clean, stable coins like USDT is not something you can buy from just anybody, it can get freezed easily

USDT can be used to trade and I think that's what they are very good for, trading, I store few USDT so I can buy top coins when or if bears market comes unexpectedly, USDT and other stable coins like USDC are very very good for those who know their worth

Stable coins are so useful

1. For trading
2. For taking advantage of red market
3. For storing $$$ at 1$ pegged price

About been centralized or not, that's your choice to make, I believe you shouldn't be in worries unless you are into illegal stuffs which can get your USDT address frozen

I have no issue with USDT.I am using it for a long time. I trade USDT and it is very benefited. As USDT is a stable coin, it has more advantages. It is trusted and safe to to use. For holding coin, USDT can be perfect choice because of being stable. There is no risk to big loses.

Actually I also suspect the USDT volume is too large. Where they get that much money. Their supply continues to grow. Supplay moves slowly. I think USDT is chasing Ethereum. Ethereum has a time for low values so that the total marketcap will decrease, while the USDT marketcap continues to increase.

The USDT don't have the US government consent before creation because they are the rightful owners of the said digital coin, this coin pose much danger to holders in the future because their funds can be frozen without their consent. Holding this digital coin should be with care as the coin can be stop. Remember, the US government digital currency will be USD pair and for USDT to make it will be under probability.

Yeah, I don't know if I should glad or feel sad that USDT stabecoin today become almost like normal cash where if you take dirty cash, you could land yourself in the trouble.

I have been reading from different source that usdt is a bit shady and not very transparent especially since the the team keeps minting new coins in circulation and they claim the supply is as equal to usd which would be insane, I think with this questionable behavior of usdt team, user should be careful with this stable coin.

Thank you for this amazing information. I have heard some people had such issue and it has made me more wise. Buying from reliable sources it's actually the best. Buying from exchanges I think it's better and converting to fiat if one wishes on some exchanges. It's usdt and should be handled careful.

Don't be upset for that. In this crypto world, there are a lot of coin for rising and falling. In personally I glad to see USDT as a stable coin.

until now i have no issue by keeping my money on usdt when crypto market in red colour
maybe its risky, because as i know usdt is a centralized crypto

Even though USDT is a stable coin which is centered. But until now I also have no problems and there is also nothing that I fear when holding USDT when the market falls. In fact, I have never used DAI as a stable coin. Because USDT is the best choice for me.

Same as me, I don't have any problem of storing my capital in USDT when the market is too volatile so far! There is rumors and doubts around Tether but honestly I don't give too much care about. We all know that people are whispering words about things that they don't believe in. I don't know, it may be personal opinion and personal opinion varies!

I believe the legal issues is the more reason why OP asked if it's trusted to use. However, I've been trading USDT pairs and it helps a lot especially on weekends. Sometimes I just keep part of my portfolio in USDT just to take advantage of market dips. Personally I have up to 70% trust that nothing negative will happen to USDT in the long run with regards legal issues.

I have not seen anyone freeze their account when using USDT from this market. I think only the United States does this and this is why I don't like this country participating in the crypto market. Any news related to USDT will be available in this country so I usually never read this information even if USDT has FUD. Overall, USDT is too safe for me because the value of this coin is always at $1 and never changes.

Yeah right, so far there are still many USDT users and it is likely continue to grow, when the Crypto market situation is volatile, then saving your assets to USDT might be the right choice, but that if you don't trade, if you trade then a fluctuating market situation is the right situation to get a profit.

USDT so far is the safest cryptocurrency coin, having same value of USD without depreciating in price over time is enough reason to hold USDT without any fear.

Let me be sure about this guy's it's about the utilities it have. Just like vechain, a1coin etc it's never going down. So go with cryptocurrency which have some good utilities.

Yes of course USDT is stable coin that's why it is safe to use if you don't want to risk huge amount.

Me too. There was a bunch of exchange sites that can be used to bought USDT. Some companies have already offered instant withdraw from USDT to the our bank. IDK why people keep say negatively when the ability that owned by USDT can be used to prevent the scammers to withdraw the stolen money.

Yeah, I like USDT very much, because it's not affected by volatile cryptocurrency prices. So it's very safe to store our assets,
after all USDT has the highest trading volume even above Bitcoin. So in my opinion with such a large USDT demand, no need
to be afraid of using USDT. Because I believe USDT is trusted to use.

Tether is used at almost any exchange and if you want to switch to Fiat, USDT is the most convenient option for you. I have never been afraid to use USDT because in general this stable coin is safe for me and any investment I use this stable coin. In the past, there was a lot of FUD about USDT but the position of USDT still stands firmly in this market.

If you can't trust USDT because it's centralized well DAI is another stable coin that's available on binance presently and it's decentralized, I'm so satisfied with how USDT works so I don't have problem trusting it's Centralized  platform

All stable coins can block funds on any wallet, this scares me very much if suddenly I get USDT from a fraudster and they freeze them on my wallet.

Any coin all has so many things around them including good or bad things and USDT is as well. You don't believe it but the vast majority of investors in this market still use it everyday despite many bad rumors

rumor is just rumor if its not proven thats why many people are still using it despite the rumor until its proven people not gonna believe that rumor because they dont experience it themselves. however big things in crypto usually have many bad rumor revolving around so there you go. USDT in my opinion still trusted.

Depends on what type of crypto user you are, for your information USDT can't be used to store fund that is from illegal entities, if you are involved in any hacks or illegal stuff you need to stay away, use decentralized stable coin instead, for this DAI got you covered

it should not be trusted but it is trusted.
problems around usdt have been spotted for years and years, but for some reason USDT and people behind it has been able to keep it afloat.

Quite right, there has been a lot of FUD for USDT over the years. But someone made everything silent and it continued to grow. So we can still use USDT every day but do not rely too much on it

I think any FUD news of this stable coin will not affect your assets, so USDT is still considered the safest option in this market. I don't have any problem using USDT, and I can use this coin on many different platforms so it greatly reduces my cost. Besides, USDT is always available at any major exchange such as Binance, Okex, Huobi, so there is nothing to be afraid of holding USDT.

Oh wow magic, but is that not what fiat does exactly? Not affected by volatility? Because that is exactly what USDT is, pegged to a fiat.

But guess what if the fiat loses value, like who knows USD might,,, what do you think is going to happen to USDT?

And what happens when the company that issues it decides one day to just disappear?

To me USDT is just a possibility hold "cash" in crypto without worrying about volatility because the price is pegged to the US dollar.

HODLing in BTC, for example, is not like that because the price is unpredictable, kinda.

the picture is like that, because we do not know what the purpose of the USDT itself exists and who made it

Just as the name implies, it's basically a coin that is pegged to the USD at the rate of 1:1 (at nearly all times). As for the creators of USD Tether, they're legit despite their money laundering incident linking Bitfinix in 2018. I've been using it for over a year to hedge my trade if need be and it has worked well thus far.

Now you already know the volume of USDT coin in the market is bigger than bitcoin, but you still ask about trusting USDT.
USDT coin is the most used stable coin in cryptocurrency and we already know that from its volume. Ive read somewhere that USDT is backed by real bank account.

Yes USDT is trusted to use.

To my best knowledge this question has been raised many times, and the company behind it proved they had the reserves of US dollars to back up the crypto equivalent trading in crypto exchanges/peoples holdings of USDT. This should brush all doubt aside imho.

nothing can guarantee but as long as people use it means they believe it.
and it will also be very difficult to move from there, as almost everyone has been using usdt since the koib stable appeared.

I would not completely trust USDT, because they are not backed by anything. The DAI project is covered in real dollars. Trust in USDT is gaining popularity in the crypto community and over time it will become a postulate. So far, users have in their portfolio a set of different stablecoins.

For a long time, there have been rumors that USDT will soon come to an end, but it never comes.

Although when they turn on their printing press every time, my opinion gets worse and worse.
In addition, the market already has a huge number of stablecoins such as - USD, USD, USD, DAI, PAX - as you can see, there are a lot of them to choose from.

If you don't trust stablecoins at all, keep everything in bitcoin.

i use usdt to convert my coin when the price drop, and i have no issue with that,
thats why in my opinion this alt is trusted, also i always have USDT in my portofolio maybe about 20% my friend

So many posts and users are trying to find out Tether trust in cryptocurrency. I trust Coinmarketcap data where Tether volume is more than Bitcoin. Some new altcoins trust USDT pair instead of Bitcoin or Ethereum for price dump. Tether is not making fake volume, I'm using Tether USDT to exchange. But in the future I will use DAI USD.

in my opinion all cryptocurrency are not safe including USDT, because for now cryptocurrency is still not legal, so no one can guarantee the security of cryptocurrency, but as long as there are still many people who believe to investing in cryptocurrency then in my opinion you don't need to worry and in my opinion the volume of USDT is still very high, so I think USDT is still safe for now.

What I believe, everything can be shut down. I trust USDT coins to freeze my money. I rarely use DAI stable coins. USDT is a very old coin. That's why I trust this coin. Recently I've been using USDT TRC-20 coins, because it's free to make transactions and faster than eos or ETH coins. But secondary options always help us to stay safe.

I think we need usd stable value crypto to understand what amount we are trading or making profit in usd. Few years ago it made possible by Tether cryptocurrency. After hearing all this staff i hope we have some valuable stable backed crypto like busd, dai, usdc etc. We can use them now. And i will not surprised if usdt lost in the market.

That is my opinion on this matter also. I have the feeling that USDT is not totally backed with US dollars. When they admitted before that they are not fully backed, I have the feeling, that they are not always saying the absolute truth about their assets. So just be careful holding long term this stable coin.

What's happening with USDT now is incredibly annoying. There are millions of USDT in circulation and the entire crypto market is reliant on it. The situation is quite upsetting indeed.
What are people doing, are they moving away from USDT?

Their asset could possibly be diversified to various investment which might equates to the total supply of USDT but that's still kinda hard to believe.
I mean, a company could grow their asset into this much of an amount $24 billion dollars within very short amount of time (half decade) is really crazy, If they don't got money from investment then I'd really feel suspicious about them. Still, I use it although only temporarily, holding money in form of USDT too long kinda feels uneasy.

Why is USDT used mostly over the other guys like USCD ?

It's clearly stated by the company itself if they are not 100% backed by the USD.

https://www.coindesk.com/tether-says-its-usdt-stablecoin-may-not-be-backed-by-fiat-alone

See? 20 billions USD is a lot of money. I never believe if this company has the fiat currency worth 20 billion USD to backed the stable coin. Im still actively using tether caused by it gives me some options to avoid the high fees.

USDT is a steady coin and it's something one can have and fail to remember it for quite a long time actually return and meet it same path absent a lot of frenzy, usdt is the most and more believed coin to utilize also it's a steady coin so not a coin one ought to be terrified of. I could recollect when market went down including usdt yet usdt difficult to get back to its typical rate while others proved unable.

According to Tether's website, the stable USDT coin is 100% backed by a reserve of US dollars and other assets, including "traditional currency and cash equivalents and, from time to time ... other assets and receivables."

If so, I don't think there should be any problems with the stability of the coin and we should have any concerns about it.

We are hearing the complaints for a long time and even during the last rally there were doubts raised about the number of coins they mint every week and there was no clarity on their backing and the details and then the truth was revealed later that they are not backing the entire coins with dollar but with assets equivalent as well and till now we have no idea what these equivalent asset class is, so it is better to stay away from them.

Tether is the largest stablecoin in the cryptoeconomy. But at the same time, it is one of the most controversial projects around which there are always a lot of rumors, gossip and disagreements. Despite USDT remains one of the most popular stable coin! Many people trust Tether due to the lack of any other more profitable solutions.

But now I'm seeing people start switching to BUSD. Although no one will give an exact guarantee of safety. But be that as it may, keeping funds in electronic dollars is not a bad idea.

I don't think why people are hesitating to use USDT where it is one of the best stable coin. It has different platform. User can use on his sweet well. It is 100% trusted, popular and anyone can use it without any hesitation.

Now a days usdt is the most uses coin. So many people use it. It is the best stable coin, personally i think so. This is more trusted than other stable coin. Transaction fee relatively low. Without any hesitation use it.

Of course nothing is 100% safe in the crypto world, but from my experience USDT is very trustworthy, because I myself have transacted very often using USDT even I don't hesitate to just keep my assets in USDT, because USDT is a stablecoin, so you don't need to be afraid. if the coin will go down

Most people keep USDT in their own wallets for capital preparation during the bear market, so if you say USDT is not 100% supported and cannot be used as a long-term store of value, this is a little wrong in my opinion, indeed the USDT value often changes in price ends, but the bottom line will never go away, so USDT is still a very good place to use when it comes to storing long-term value.

Of course, but only if you never know about the case that the USDT has faced so far. For some people don't trust USDT to be a store of value for the long term, but USDT is only used as a trading pair. For those using a fiat-enabled Exchange, then the best option is to keep it in fiat while waiting for the market to correct.

Not the best one. I wouldn't hold USDT instead of USD if this is what you are asking and I don't plan on holding any USDT. Besides from being a centralized token in various networks, that prints, or mints if you want it, new tokens at will any day they like and somehow managed to hold the price at $1 in exchanges using some kind of algorithm probably, it also has so many troubles and accusations that make it unprefered as for anything to do with it. I wouldn't use USDT but only for trading at an exchange and I wouldn't hold USDT too much. In fact, all the stablecoins have a limited time before they burst and bottom at zero.

Maybe DAI could have a system with validated collaterals so it could be more stable for the long term. It needs some more time though and tested in more difficult times with higher volumes.

In my opinion USDT is still safe to use, because the volume of USDT is still very high and this proves if there are still many people who believe to using USDT, so you don't need to be afraid to use USDT, although there is a lot of bad news about USDT, but USDT is still popular and that makes me believe if USDT is still safe to use until now.

I trust USDT more than other stable coin. I always convert my asset to USDT and store it. Because if the market crashes at any time, I don't have to suffer a big loss. Also the transaction fee of TRC20 supported USDT is much less and even free withdrawals can be made from some exchanges like Binance, Kucoin etc.