How safe is Tether.to/USDT?

[RabbiTANK]

USDT is safe and well supported, people are just worried for nothing sake, only criminals will find it difficult and unsafe to use USDT to safe money, if you are a holder and a crypto trader USDT is a better choice

[mich]

Tether mints $540 million during Bitcoin price rally

Leading US dollar stablecoin Tether has introduced over half a billion dollars in the last three days—to meet growing demand.

https://decrypt.co/37072/tether-mints-540-million-during-bitcoin-price-rally

[Bitbtc8]

If you are so worried that something can happen to USDT some day you can swap for BUSD or DAI Stable coins, I don't see reason to anyway so I will continue using USDT for trading and holding stable coin, USDT is the best

[Akoldi_ibk]

There are good options available for you if you are not comfortable with using USDT. We have USDC, BUSD, DAI, PAX and many others. One key advantage of USDT is that it is widely use across larger percentage of exchanges and crypto platforms. It is also the first and oldest stablecoin. It has been tested and still widely use.

[bitkanu]

If you are so worried that something can happen to USDT some day you can swap for BUSD or DAI Stable coins, I don't see reason to anyway so I will continue using USDT for trading and holding stable coin, USDT is the best

I have the same opinion as you. We know that the USDT holders never encounter a serious problem when all of their funds were not coming from steal from others or another criminal act.

USDT is also the safe choice right now consider it has traded anywhere and it has a very huge volume. There was a lot of options for USDT too.

[KimmyF]

Tether is one of the top stablecoin, coinmarketcap volume is much higher than 10k USD. Bitcoin fluctuations are now more interesting than before, you can earn from them. The Tether has been a very old stablecoin since 2014. Centralized exchange has only two problems KYC and no control on your funds. To save your information in centralized exchange, you can't withdraw the whole money at one time.

[mich]

Tether on a tear as market cap hits $11 billion

Record BTC and USDT inflows push market cap up nearly a half a billion dollars as on-ramps for crypto get more traffic.

https://decrypt.co/37636/tether-on-a-tear-at-market-cap-hits-11-billion

[Gunday_07]

Tether is reliable than other stable coins apart from BUSD from binance exchange, forget the centralized thing that many are complaining about, tether gives me peace of mind than others and I'm not into any illegal activities so tether is good enough for me

[mich]

How is Tether helping Bitcoin’s demand?

“Given that, on average in the last seven days, a Tether received by the median large exchange is traded 19 times, Tether is supporting tens of billions of dollars of liquidity a day.”

https://eng.ambcrypto.com/how-is-tether-helping-bitcoins-demand/

[Eco_111]

It's centralized, if that's what you feared then use DAI instead but I'm more satisfied with USDT, the highest time I've hold USDT is just 5 months and no issue or whatsoever, the choice is yours to make though

[ampu]

Tether is one of the top stablecoin, coinmarketcap volume is much higher than 10k USD. Bitcoin fluctuations are now more interesting than before, you can earn from them. The Tether has been a very old stablecoin since 2014. Centralized exchange has only two problems KYC and no control on your funds. To save your information in centralized exchange, you can't withdraw the whole money at one time.

I agree with your point of view. Although there are many stable coins currently available, tethers are the most popular of the trading pairs and have better liquidity than other stable coins. Compared to previous years, tether has issued more than 13 billion tethers, which helps investors to choose as a shelter when the market has bad signals.

[jacafbiz]

Very safe. Tether is one project that people failed to give the due credit it deserves in this space, Tether team has been here during the thick and the thin period and have served the space well. I believe it is the best Stable coin in the space forget the FUD, people do not ask questions when USDC hit $1 Billion marketcap but spread the FUD when Tether did, just do not understand

[mich]

Tether is very safe and price stays at $1.
I am a holder of it as stable coin.
With market cap increase 4x in 2020 to 15$ billion, thanks to the surging DeFi sector.
https://cointelegraph.com/news/tether-market-cap-increases-almost-4x-in-2020-to-15-billion

[ruli stylon]

So far I have never saved USDT to Tether. I prefer to save it on erc20 or in an exchange which of course the legality of the market has been recognized in the country.

And so far I feel safe, depending on how we protect our assets.

[Google+]

So far I have never saved USDT to Tether. I prefer to save it on erc20 or in an exchange which of course the legality of the market has been recognized in the country.

And so far I feel safe, depending on how we protect our assets.

There are many advantages when you store it in an exchange because we can use it for trading and instantly get a lot of profit when the market conditions are good, so instead of waiting for a very long process to send USDT to an exchange it is better to keep it in an exchange wallet.

[Vishnu.Reang]

Tether is very safe and price stays at $1.
I am a holder of it as stable coin.
With market cap increase 4x in 2020 to 15$ billion, thanks to the surging DeFi sector.
https://cointelegraph.com/news/tether-market-cap-increases-almost-4x-in-2020-to-15-billion

You are free to put your trust in any asset and I am not going to say anything against it. Your money, and so no one has the right to say anything against your decision. But there is no such thing as a "trusted" or "safe" resource in the world of cryptocurrency. We realized this many times, when exchanges such as Mt Gox, BTC-e, Wex.nz and Cryptopia went down all of a sudden. Now USDT is nothing more than a token which is issued by the Bitfinex exchange. Do you think that we can trust this token more than the exchange which is issuing it?

[wack slacker]

Right now Tether is safer than any crypto because Bitcoin and Altcoins are bleeding.  The market goes down is when Tether is chosen by everyone to be the best shelter.
We often think that Tether is only guaranteed 70% of value based on the dollar but everyone uses Tether so it's liquidity is good and safe.

[FTrader]

The problem is not the crypto/token asset the real problem is the wallet where you store them. If you store you Tether.to/USDT on a Exchange or unsafe wallet, your are not safe. If you store it in your own wallet, you are in the safest position as you can.

[TastyChillySauce00]

Not safe for criminals or any illegal activities and fraud money, honestly I just trust USDT more than even BUSD and USDC, it's a matter of choice of course but definitely a bad choice for scammers, hackers and fraudsters

I think so because the stolen amount can be frozen anytime when there was a report about that, if USDT has a very bad reputation like what already accused by some people and it will never be used by a lot of people in all of crypto exchange sites.

some exchanges already have their stable assets or other stable assets that support the daily trader. The USDT may have a large market, but like binance, it has created its stable assets and is now even supported for fiat currencies.

Binance's stable coin or any other exchange's stablecoin is honestly only good at their ecosystem while USDT is the most widely accepted stablecoin till now and have existed for many years without any scam acussation.
It's just a matter of your choice and heavily depends on which exchange you decide to use.

[leeboy]

It safe enough to use it for everyday trading - short answer. If usdt will collapse then the whole crypto will collapse