About USDT

[riskarcher]

The cetrik audit does not guarantee the quality of the coin because the cetrik audit only reviews a few categories that will be judged by the audience. To be honest, bad rumors about USDT circulating are not necessarily true as we know that USDT has existed for quite a long time and has become one of the most popular stable coins and has become an option. my main for every transaction. it is impossible to experience bad things in its development

[South Park]

Audited projects are not projects that you can invest money on just because they passed audits, nowadays everything is about the money meaning if a team settled any auditing platforms they will pass them easily, be careful and do your own research instead on relying on passed audits.

Which is why the community does not trust USDT, on the surface it may seem as if everything is fine, but there is too much evidence showing that even if USDT could be fully backed now, there was as time in which this was not the case, and since that is the whole point of the coin itself then it failed itself and their customers the moment this happened, it is as if bitcoin stopped being a decentralized currency, would you still use it if that was the case? Because I know I would not.

[JahriMeayer]

If Tether passed audits through Certik and Fairyproof, it doesn’t mean it'll last forever and never get freezed. Moreover Tether is Centralised but it is the first stablecoin and people are using this since years. Because of this trend, others also using Tether even It's Centralised. Even Tether claimed that they backed by real dollar and this statement may the reason as people Trust it and keep using. But DAI will also grow soon IMHO

[Slow death]

If Tether passed audits through Certik and Fairyproof, it doesn’t mean it'll last forever and never get freezed. Moreover Tether is Centralised but it is the first stablecoin and people are using this since years. Because of this trend, others also using Tether even It's Centralised. Even Tether claimed that they backed by real dollar and this statement may the reason as people Trust it and keep using. But DAI will also grow soon IMHO

Tether is something shady, but I use Tether to trade only and for a short time, that is only when it is to protect myself from dump, even though Tether is shady it will not go down anytime soon and the odds and most people know that so they continue to use Tether. other Tether competitors need to strive to get rid of the market dominance that Tether, this is a market where people decide what they want, and it won't be just saying "it's something centralized" that will make people give up on Tether and even having decentralized competitors is not a big help because exchanges are centralized, to withdraw money to the real world using all centralized system, we are moving towards centralization and the damn KYC

[South Park]

If Tether passed audits through Certik and Fairyproof, it doesn’t mean it'll last forever and never get freezed. Moreover Tether is Centralised but it is the first stablecoin and people are using this since years. Because of this trend, others also using Tether even It's Centralised. Even Tether claimed that they backed by real dollar and this statement may the reason as people Trust it and keep using. But DAI will also grow soon IMHO

Tether is something shady, but I use Tether to trade only and for a short time, that is only when it is to protect myself from dump, even though Tether is shady it will not go down anytime soon and the odds and most people know that so they continue to use Tether. other Tether competitors need to strive to get rid of the market dominance that Tether, this is a market where people decide what they want, and it won't be just saying "it's something centralized" that will make people give up on Tether and even having decentralized competitors is not a big help because exchanges are centralized, to withdraw money to the real world using all centralized system, we are moving towards centralization and the damn KYC

People keep using those stable coins as they do not really have  too much of a choice, before those coins existed it took a long time to convert your bitcoin to fiat and then you had to deal with banks and the possibility of your account being closed by them because you were dealing with cryptocurrencies, tether resolves those issues, the only problem is that now we are dealing with a centralized entity which most likely at some point will fail on making good on their commitments, but as long as we are not holding USDT for the long term then we should be fine.