How safe is Tether.to/USDT?

[mich]

Tether’s Booming Popularity in China Sparks a New Wave of Crypto Crackdowns

Tether (USDT) has seen massive inflows of capital throughout 2020, with much of this coming about not as a result of turbulence within the crypto market, but rather due to that seen in the traditional markets.

https://www.newsbtc.com/2020/07/06/china-sees-new-wave-of-crypto-crackdown/

[DDante]

Usdt is safe enough for me, though I don't use it for long term hold but it's my favorite for trading, whether it's centralized or not it does the job well, moreover it's the highest marketcap stablecoin and it's available on Tron network as well, not just ERC20

[covfefe_]

Tether is highly popular and is accepted on almost every exchanges. I'd have been madly in love with it if it just made it clear that they hold the amount of dollar bills equal to the coins they mint. They have been accused of falsely minting token and their answer is even more confusing. I'm no expert and if a lot of good exchanges are using it as a primary stalbcoin, I'd have not much choice.

[iv4n]

Tether is highly popular and is accepted on almost every exchanges. I'd have been madly in love with it if it just made it clear that they hold the amount of dollar bills equal to the coins they mint. They have been accused of falsely minting token and their answer is even more confusing. I'm no expert and if a lot of good exchanges are using it as a primary stalbcoin, I'd have not much choice.

And its good only for that, to bypass some trade, to save your dollar value when the value of crypto is going down. Its good for that because its imitate dollar and its good for all of us, its crypto but in the same time its a dollar. Its good for trading and only for that, for sure its not good for buying it and keeping it for a long run.

[FairUser]

If USDT collapses, I believe the whole market will collapse and investors will lose confidence in this market. How can they continue if the biggest stablecoin in this market is a scam

[mich]

The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network

The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework.

https://news.bitcoin.com/the-popular-stablecoin-tether-is-now-circulating-on-the-bitcoin-cash-network/

[joseyphil82]

I hope the bad rumours about USDT is all lies because now USDT is spreading to every Blockchain corner in crypto world, if something bad happens later every single projects in crypto space will suffer and the whole market will crash, I still use USDT to hold some money but now I'm not so sure

[torrantz]

I hope the bad rumours about USDT is all lies because now USDT is spreading to every Blockchain corner in crypto world, if something bad happens later every single projects in crypto space will suffer and the whole market will crash, I still use USDT to hold some money but now I'm not so sure

The rumour not necessarily bad, it makes people wary and rethink about their choice, if tether could prove that the rumour is false then it will make their reputation even better because turns out they are not shady company but who really know? I hope in the future stablecoin competition will become more competitive than it currently is.

[mich]

Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT

"Tether routinely assists law enforcement in their investigations... Through the freeze address feature, Tether has been able to help users and exchanges to save and recover tens of millions of dollars stolen from them by hackers," said Hoegner.

https://finance.yahoo.com/news/tether-blacklisted-39-ethereum-addresses-144546028.html

[New_order]

Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT

"Tether routinely assists law enforcement in their investigations... Through the freeze address feature, Tether has been able to help users and exchanges to save and recover tens of millions of dollars stolen from them by hackers," said Hoegner.

https://finance.yahoo.com/news/tether-blacklisted-39-ethereum-addresses-144546028.html

USDT isn't a threat to us, I believe this is one of the reasons why many don't like using tether because of the fear of freezing addresses, I have no problem with this honestly, I don't involve myself in any illegal money making activities, only criminals and hackers will be worried about this

[WalkerIVIV]

Tether has blacklisted 39 Ethereum addresses that hold millions of dollars worth of USDT

"Tether routinely assists law enforcement in their investigations... Through the freeze address feature, Tether has been able to help users and exchanges to save and recover tens of millions of dollars stolen from them by hackers," said Hoegner.

https://finance.yahoo.com/news/tether-blacklisted-39-ethereum-addresses-144546028.html

USDT isn't a threat to us, I believe this is one of the reasons why many don't like using tether because of the fear of freezing addresses, I have no problem with this honestly, I don't involve myself in any illegal money making activities, only criminals and hackers will be worried about this

As long as your amounts are not coming from the illegal activities and that will be fine. I guess those address that have already blocked by tether have a very strong correlation with some hacked cases or it can be considered as stolen money.

[mt55]

Tether is at the market since 2015 and everything is good with it for several years. Cooperation with Tron made it even better and more safe.

[chanc3r]

Tether is at the market since 2015 and everything is good with it for several years. Cooperation with Tron made it even better and more safe.

They also did cooperate with several banks to increase their reputation. Usually, I don't care about the rumour going around because I used stablecoin for my transactions and never hold it for too long. It's better if they cooperate with more and more people just to make sure that they are truly legit .

[huu78]

A safe way to store coin assets for the long term is a personal wallet such as TrustWallet, Imtoken, or using a hardware wallet. because we hold the private key. If safe to exchanges, it is very risky because there could be hackers on that exchange or they close the exchange without any news you know. And overcoming BTC falls or fluctuations can save on stable coins like USDT to minimize the risk of excessive rectification.

[bukham88]

in cryptocurrency investments, nothing is safe, because investing in cryptocurrency the risk is very high even though now the price of the USDT seems stable but all of that does not escape the influence of market demand.

[Psynthax]

in cryptocurrency investments, nothing is safe, because investing in cryptocurrency the risk is very high even though now the price of the USDT seems stable but all of that does not escape the influence of market demand.

USDT is indeed stable if you compare it to USD rate because each USDT circulating around already pegged to their USD in their reserve(if there really is) and even if the demand is nowhere to be found it will still hold the value the same USD's. USDT and any other alike aren't for "real investment" but rather for
saving the value of your money when in crypto market.

[mich]

Focus on USDT and DeFi as 5-Year Anniversary of Ethereum Approaches

Five years following the launch of ETH in 2015, and the future of the blockchain may lay in DeFi and USDT, according to industry experts.

https://cointelegraph.com/news/focus-on-usdt-and-defi-as-5-year-anniversary-of-ethereum-approaches

[Ryushin]

i think save, but low use tether,
only bitfinex and polo support tether, and tether not support all the world country, several country can't acces and not supported membership and use
tether

Tether ( USDT) is now available on almost all exchanges in crypto space today including small and big exchanges, it's well supported and it has the biggest marketcap among other stablecoin, it's best choice for almost all crypto traders, I don't see anything wrong with USDT, it's my favorite

[Aaroenz0r]

i think save, but low use tether,
only bitfinex and polo support tether, and tether not support all the world country, several country can't acces and not supported membership and use
tether

Tether ( USDT) is now available on almost all exchanges in crypto space today including small and big exchanges, it's well supported and it has the biggest marketcap among other stablecoin, it's best choice for almost all crypto traders, I don't see anything wrong with USDT, it's my favorite

Me either. For now, I don't see any problem with USDT (Tether). It's the stablest coin in the market that offers traders a way to store their capital without having too much price fluctuations. Even there is some doubts about how accurate the numbers of fiat money that Tether claimed they have to back their coin, it's still a good coins for a long period of time! Surely, there's nothing called totally safe in this world!

[Mrchristo]

In my opinion USDT appears to be the most popular stable cryptocurrency and it holds a large chunk of the stable coin market. I've heard some negative news about USDT not being entirely stable at its right. I can plainly say that USDT stability is controversial, but that doesn't stop it from serving its purpose.