No in this market there is lots of stable coin available. But few year earlier there was very few stable coins and usdt is most popular among them. And people used it with no doubt. But suddenly a fud came to the market that it is not fully backed by asset and they printed usdt whenever they wanted. Suddenly the whole stable coin market started to swing. Many stable coin started to come some big company and some big company exchange started to offer it. But I am still using usdt and its working fine for me.

https://beincrypto.com/tether-co-founder-it-doesnt-really-matter-if-usdt-backed-by-equal-amount-of-dollars/

The whole crux of the Tether controversy rests on the fact that the leading stablecoin likely is not backed by what it claims to have in reserves. With the Tether Treasury minting more USDT on a semi-consistent basis, it may feel like a lot of USDT is just some hot air based on ‘trust.’ However, in a shocking admission by the co-founder of Tether, that may just be all there is to it.

As Lisa Abramowicz of Bloomberg Radio reports, William Quigley, both the CEO of WAX and the Co-founder of Tether, believes that having the exact amount of USD reserves to back USDT is not that important. In fact, what is important is that investors believe it is worth $1.

For now, it seems to be safe, especially for those guys, who want to save their money from inflation. Despite the fact that Tether is a very ambiguous token, at the moment it is the most popular and most sought after. For sure, all USDT coins are secured with real US dollars, and Tether's assets always exceeded the market capitalization of cryptocurrency. Let us wait what happens with it when Libra appears.

I think USDT is a fairly secure cryptocurrency. Based on a real capital in dolar. This coin is stable and helps traders and investors. But the market has not yet experienced a complete collapse, so no one knows if the USDT crisis will survive.

There used to be an allegation on USDT that they don't have the funds to back up the coin until sometime around June, last year when an audit was conducted and it was announced that USDT had the necessary funds to back up the coin. With this, I can say that to a large extent, USDT is safe and can be relied upon.

USDT is very safe, but not for investment, because these coins tend to be stable, making it less suitable for long-term investing or short-term trading. USDT will be more useful for securing our assets temporarily. if you trade and want to secure your profit, save it temporarily in USDT, and then you can use it to buy coins again

sir I'm waiting for the latest news from this token rocket,

Tether can be used for short-term storage of funds when there is no desire or opportunity to go to fiat. I would not use USDT as the main currency for long-term storage.

When the USDT tether printer switches off, expect Bitcoin and the whole crypto market to drop Minimum 10x.

Tether has never been audited and they admit its not backed by  1-1 real dollars.
They admit USDT is up to 75% backed by a mix of assets.
 "reserves, which include traditional currency and cash equivalents and, from time to time,other assets and receivables from loans made by Tether to third parties."

Aside from inflating the crypto market, USDT offers alot of fake buy support, keeping prices high.
When the buy support gets shut down, liquidity buy side will disappear and almost everyone will make huge losses.

Tether scam will make all crypto look like a scam as most do not understand the difference....
Many Tether backed exchanges will go off aswell, taking users coins/funds.

So no, Tether is not safe and we are all at risk more now than ever before thanks to Tether and its friends.


Long term once USDT is shut down, Stablecoins will be replaced with CBDC.

Where the exchange ?

And can the rockets be there?