Tether is growing and develope all around world maybe new USD

[Shortmaster]

Tether might be new USD it make sense but then it's USDC..maybe they will share equally the Market.
But it's interesting that USDT growing fast outside of usa so it could be USA dollar 2.0.
The way i see is that fiat currencies are like backedup with something real wich is usdt you can hold it in your own wallet and have enough privacy.
There is tether supported fiat currencies Mexico, china,usa,and euro. even If something happens with banks of USA eu or Mexico or china people still hold their currencies on tether.
Im scared of UK currency canada and other currencies wich not on tether.
The fact that tether is crypto but acting like the old money system is interesting because tether bought usa treasuries.

But times like this i can say i have money If i have any currencies in cash or in tether or very small amount in bank the fact that tether only have fiat currencies of china Mexico USA and Europe could show us they don't trust another fiat currencies so Im scared to hold any other fiat currencies what not supported by tether.

But tron blockchain is the king of the stablecoins specially the USDT no matter how much others try to compete with tron the tron is king and people are use to with tron usdt.

So now i know that If any crisis happens or anything at all i want hold either the currency or assets from the Mexico usa Europe or china i guess tether owners did not want to risk with another countries currencies.

While tether develope so fast the USDC is behind...so the USDC need to be more active becouse USDT is still king in Fiat currencies.

[DeathAngel]

I love USDT, I’ve been an advocate of it for years. There’s no better place than USDT to leave your money in whilst in between crypto & cash. Governments & regulators have been coming down hard on it for years but it’s stood up to every test & audit.

[joniboini]

I find it a bit difficult to understand some of your points. So basically you're saying that USDC needs to improve faster because you like USDT and feels it won't collapse because many countries supported them? I don't know what do you mean by USA Dollar 2.0, but there's a low chance the government won't launch their own stablecoin or at least control these stablecoin tokens just like how thy force USDC and other companies to comply with their requirement.

I do agree that they need competition though, considering they have questionable track records with their transparency. But even without that, having competition is better to prevent monopoly. CMIiW.

[Mrbuck]

I love USDT, I’ve been an advocate of it for years. There’s no better place than USDT to leave your money in whilst in between crypto & cash. Governments & regulators have been coming down hard on it for years but it’s stood up to every test & audit.

The USDT is the king of the financial world.
I guess smart money buys USDT first and once bond market crash the USD value goes higher and smart money is allready in USDT.
the usdc liquitity options not that good then usdt and the usdc circle kicked out tron that was mistake of them before the usdc can make rules and tell wich blockchains they use they should show the results like USDT have done.
And If you live in brazil here you can get cash from USDT Directly with cash Atm.
So the world is grazy and there is no better place to store wealth than USDT whoever made this deserve respect.

[Yatsan]

Tether might be new USD it make sense but then it's USDC..maybe they will share equally the Market.
But it's interesting that USDT growing fast outside of usa so it could be USA dollar 2.0.
The way i see is that fiat currencies are like backedup with something real wich is usdt you can hold it in your own wallet and have enough privacy.
There is tether supported fiat currencies Mexico, china,usa,and euro. even If something happens with banks of USA eu or Mexico or china people still hold their currencies on tether.
Im scared of UK currency canada and other currencies wich not on tether.
The fact that tether is crypto but acting like the old money system is interesting because tether bought usa treasuries.

But times like this i can say i have money If i have any currencies in cash or in tether or very small amount in bank the fact that tether only have fiat currencies of china Mexico USA and Europe could show us they don't trust another fiat currencies so Im scared to hold any other fiat currencies what not supported by tether.

But tron blockchain is the king of the stablecoins specially the USDT no matter how much others try to compete with tron the tron is king and people are use to with tron usdt.

So now i know that If any crisis happens or anything at all i want hold either the currency or assets from the Mexico usa Europe or china i guess tether owners did not want to risk with another countries currencies.

While tether develope so fast the USDC is behind...so the USDC need to be more active becouse USDT is still king in Fiat currencies.

I absolute like USDT, in many years Tether USDT can be referred to as one of the steady contributors in the cryptocurrency market, often being called digital U.S. dollars. With rapid growth, especially in the U.S. on the back, it could turn into a global standard for digital fiat currency. The future of Tether is quite bright in light of its growing support for additional fiat currencies, including the U.S. dollar, so far. It gives the privacy and access that traditional fiat currencies, like the dollar, the euro, the Chinese yuan, or the Mexican peso, can give to a holder in a non-volatile degree. Although Tether is also available in the US for financial institutions, this makes it more convenient and cohesive to the traditional financial system. Even in the face of competition from other stablecoins like USDC, the stable and user-friendly positioning of Tether makes it a key player in this sphere. The growth in the case of Tether versus USDC showcases that there will have to be a bunch of work on offerings from the latter to get a bigger market. In short, whereas Tether provides an element of stability and security, especially in limited financial times, its trust for the storage of value instead of traditional currencies does not indicate present strength and potential risks if not more of assets or other hard currencies.

[franky1]

tether wont become the new USD as its not a patent of the USGov

the USGov can take fiat out of circulation and replace it with new currency(new design bank notes and new banking systems/laws) which would cause chaos to tether.. however tether cant do the same to cause chaos to fiat.

because the USGov dont own tether and tether does not have the same laws and policies that protect/give value to fiat. tether is not a real fiat currency and will lose its peg should the USGov change its policies of value of fiat

try not to think of tether as the same thing as fiat. else you run into the same problems other pegged currencies had a few years back when the peg breaks and all the people involved in managing the token decide to find a private island with no extradition treaty

just think of tether as a quick payment rail to arbitrage between services to avoid the monotony of wire transfer delays.

[justdimin]

So now i know that If any crisis happens or anything at all i want hold either the currency or assets from the Mexico usa Europe or china i guess tether owners did not want to risk with another countries currencies.

While tether develope so fast the USDC is behind...so the USDC need to be more active becouse USDT is still king in Fiat currencies.

I do not think that neither tether, nor CBDC, nor any other stablecoin will be "the new USD", because USD is USD and all of them are tied to it, whatever USD does, they just have to follow, so if USD gets devalued, then USDT does too, it's that simple.

Bitcoin is far better than any other stablecoin when you want to hold long term and that is why everyone prefers it, looking at the charts USDT is looking like something that people only use when there is a bear market, aside from bear markets nobody really cares about it. Remember that this is just backed by one company, and companies could be sued and destroyed by governments, just be careful when you trust all of your money to some people at some company, instead of a whole nation.

[pooya87]

It is a bit strange to see topics like this popping up on Bitcointalk every now and then from people praising a centralized shitcoin that is extremely risky to hold.

For sure we all know the useful utility this stablecoin provides the bitcoin and altcoin traders but it is delusional to not see the risks that are involved in a centralized cryptocurrency where the company behind it can easily freeze your account and take over your funds.
Not to mention that because Tether is actually going against the US Dollar, the US government is its number one enemy. That makes this centralized shitcoin very risky. To put simply, Tether will continue working and will remain $1 in value until it doesn't overnight! You can wake up one morning and see the US government has seized all the company's assets and shut down the Tether network.

So continue using Tether all you want but know the massive risks you are talking so that in the future in case of a massive loss your life is not ruined.

[ultrloa]

So now i know that If any crisis happens or anything at all i want hold either the currency or assets from the Mexico usa Europe or china i guess tether owners did not want to risk with another countries currencies.

While tether develope so fast the USDC is behind...so the USDC need to be more active becouse USDT is still king in Fiat currencies.

I do not think that neither tether, nor CBDC, nor any other stablecoin will be "the new USD", because USD is USD and all of them are tied to it, whatever USD does, they just have to follow, so if USD gets devalued, then USDT does too, it's that simple.

Bitcoin is far better than any other stablecoin when you want to hold long term and that is why everyone prefers it, looking at the charts USDT is looking like something that people only use when there is a bear market, aside from bear markets nobody really cares about it. Remember that this is just backed by one company, and companies could be sued and destroyed by governments, just be careful when you trust all of your money to some people at some company, instead of a whole nation.

USDT is backed by USD so there's no replacement will happen since this coin still really with fiat. If something bad will happen to USD then similar faith will happen to USDT. We can see that from its movement so those overcoming things comes in mind of people is actually hard to happen.

Also I agree with you if government want to crack down USDT and think about its illegal then push harder to take it down then possibly USDT will fade away. USD will remain and governing bodies handling and regulating it will make sure that everything is fine with their native currency.

[JeffBrad12]

They are really popular and I agree.

however there also has been influx of many new stablecoins though, the one backed up by T-bill and so on, so I think the competition will be fiercer but we all know the nature of crypto market that's heavily judges on the reliability and how long a project has been established, taking the crown that USDT is already having is gonna be tough.

the decentralized stablecoin such as DAI isn't growing as fast as USDT in term of adoption either.
I think tether will keep growing as long as there's population still hasn't yet discovered cryptocurrencies.

[Shortmaster]

I love USDT, I’ve been an advocate of it for years. There’s no better place than USDT to leave your money in whilst in between crypto & cash. Governments & regulators have been coming down hard on it for years but it’s stood up to every test & audit.

Indeed u are on right track
Yes the usdt is future smart people see that the stablecoins will be like Phoenix what rise from the ashes.

[o48o]

I might waste my time here if you don't read this, but just in case i thought you would benefit from learning, i am answering to your every point.
Because it's not like you are being wrong on purpose.

Tether might be new USD it make sense but then it's USDC..maybe they will share equally the Market.

I am sure that you have heard that USDC is backed by USD, so how could they be equal? USDC is dependable of USD existing.

But it's interesting that USDT growing fast outside of usa so it could be USA dollar 2.0.

What ever you mean bt usd 2.0, it's not that. Reason why it's growing outside US is that people from unstable regions rather trust stability of USD then their own fiat money. And it's easy to trade with USDT in Dexes and CEXes. You don't need to transfer USD that you might not even have an access to.

The way i see is that fiat currencies are like backedup with something real wich is usdt you can hold it in your own wallet and have enough privacy.

I don't even know what you mean by this. And there's literally less privacy for holding USDT as all transactions are transparent and public.

There is tether supported fiat currencies Mexico, china,usa,and euro. even If something happens with banks of USA eu or Mexico or china people still hold their currencies on tether.
Im scared of UK currency canada and other currencies wich not on tether.

If that "something" you are referring to, would happen with banks in USA and EU, that would affect the US fiat money in catastrophical level, USDT would be one of the first things to lose all meaning and value.

The fact that tether is crypto but acting like the old money system is interesting because tether bought usa treasuries.

Again, it literally only exist only because that "old money" exists.

But tron blockchain is the king of the stablecoins specially the USDT no matter how much others try to compete with tron the tron is king and people are use to with tron usdt.

This just doesn't mean anything. USDT is minted on several different chains and L2s and it's a matter of preference which you choose.

So now i know that If any crisis happens or anything at all i want hold either the currency or assets from the Mexico usa Europe or china i guess tether owners did not want to risk with another countries currencies.

Again, any crisis that would affect the value of USD would affect the value of USDT because it's literally same.

While tether develope so fast the USDC is behind...so the USDC need to be more active becouse USDT is still king in Fiat currencies.

USDT and USDC aren't fiat currencies, they are synthetics that are presenting fiat currency value.

[N.O]

They are really popular and I agree.

however there also has been influx of many new stablecoins though, the one backed up by T-bill and so on, so I think the competition will be fiercer but we all know the nature of crypto market that's heavily judges on the reliability and how long a project has been established, taking the crown that USDT is already having is gonna be tough.

the decentralized stablecoin such as DAI isn't growing as fast as USDT in term of adoption either.
I think tether will keep growing as long as there's population still hasn't yet discovered cryptocurrencies.

Tether is best coin and its price is stable like USD . Most people want Tether and they trust on that coin as comparison to Coins of project. When  cryptocurrency project team launch any project , people buy that coins and they invest in that and after listing they convert their coins into Tether. People feel more safe in tether as comparison to in any coin. Millions of people saved their money in tether and that's why tether demand is increasing and in future it's value will increase and it will be use as alternate of USD . Now , mostly crypto investors know about that but in future crypto will spread and all people will  pay and receive in tether.

[Mrbuck]

They are really popular and I agree.

however there also has been influx of many new stablecoins though, the one backed up by T-bill and so on, so I think the competition will be fiercer but we all know the nature of crypto market that's heavily judges on the reliability and how long a project has been established, taking the crown that USDT is already having is gonna be tough.

the decentralized stablecoin such as DAI isn't growing as fast as USDT in term of adoption either.
I think tether will keep growing as long as there's population still hasn't yet discovered cryptocurrencies.

Tether is best coin and its price is stable like USD . Most people want Tether and they trust on that coin as comparison to Coins of project. When  cryptocurrency project team launch any project , people buy that coins and they invest in that and after listing they convert their coins into Tether. People feel more safe in tether as comparison to in any coin. Millions of people saved their money in tether and that's why tether demand is increasing and in future it's value will increase and it will be use as alternate of USD . Now , mostly crypto investors know about that but in future crypto will spread and all people will  pay and receive in tether.

That's true If i want to deal with someone to send or receive money we don't use banks mostly it's tether.
At the moment the tether are best thing on the world

[Hispo]

When I think of Tether (USDT) I don't see it as an assets which would become specially dominant or important within the market of the United States, since the people of that country already have many options and payment processor for them to access much liquidity and transfer money seamlessly. The real importance of USDT kicks in in developing markets and nations in which they do not usually have access to United States dollars through their traditional banking systems, so they opt to turn on the crypto markets, whether there is nearly infinite offers of Stablecoins and away from the reach of local authorities (if one knows what one is doing, that is).
Here in Venezuela, my motherland, the government held the monopoly of dollars and Euros for decades and did not allowed people to access to them directly, under some very tight restrictions, thanks to the existence of cryptocurrency exchanges and the creation of Stablecoins like Tether, Dai and USDC, people can buy and sell as much as they want in the free market.

The government of the United States then, would be interested in used Tether as a tool to somehow influnce in those developing markets, instead of going for an implementation in their own land.

[tygeade]

I love USDT, I’ve been an advocate of it for years. There’s no better place than USDT to leave your money in whilst in between crypto & cash. Governments & regulators have been coming down hard on it for years but it’s stood up to every test & audit.

I disagree with my full heart. While I am against government as much as the next guy but that doesn't mean that I am going to trust Tether as a company more than I trust US government.

I agree with the others who said that they would rather keep it in cash, but to be fair bitcoin is the end goal for me here, I do not have "between btc" situation for me, I get paid, I buy btc, and I keep holding it, I do not sell it unless I have to absolutely spend. I have sold twice, and in both cases I ended up making it for something that I had to pay and had no other choice, I couldn't even literally get loans anymore at that time, it was impossible for me to go further which is why I did it, and aside from those cases, I just keep holding, no USD, no USDT.

[pooya87]

Yes the usdt is future smart people see that the stablecoins will be like Phoenix what rise from the ashes.

If the governments decide to burn them down, there won't be anything left to rise from. Because stablecoins like USDT are centralized, there is a single point of failure which is the company that controls the shitcoin. If the government shuts that down, there is nothing left to revive it.
Besides, since there are too many of these shitcoins, if one dies, another replaces it instead of it being revived.

[betswift]

Yes the usdt is future smart people see that the stablecoins will be like Phoenix what rise from the ashes.

If the governments decide to burn them down, there won't be anything left to rise from. Because stablecoins like USDT are centralized, there is a single point of failure which is the company that controls the shitcoin. If the government shuts that down, there is nothing left to revive it.
Besides, since there are too many of these shitcoins, if one dies, another replaces it instead of it being revived.

It's their con, really Centralized and controllable. However, do you think USDT will be done somewhere in the future, let's say in 40-50 years? 

[FortuneFollower]

I love USDT, I’ve been an advocate of it for years. There’s no better place than USDT to leave your money in whilst in between crypto & cash. Governments & regulators have been coming down hard on it for years but it’s stood up to every test & audit.

I disagree with my full heart. While I am against government as much as the next guy but that doesn't mean that I am going to trust Tether as a company more than I trust US government.

I agree with the others who said that they would rather keep it in cash, but to be fair bitcoin is the end goal for me here, I do not have "between btc" situation for me, I get paid, I buy btc, and I keep holding it, I do not sell it unless I have to absolutely spend. I have sold twice, and in both cases I ended up making it for something that I had to pay and had no other choice, I couldn't even literally get loans anymore at that time, it was impossible for me to go further which is why I did it, and aside from those cases, I just keep holding, no USD, no USDT.

It's good that you didn't go into the loans, really, considering your situation. I hope your accumulation will go on smoothly.