An alternative to tether?

[Ifychuks]

I just hope you didn't go ahead with all mentioned in this post that you will do. Your priority should something of more value offline because I don't see where you get the funds to implement these. Unless, just may be your parents or ward is that wealthy.

[KryptoKai]

Right now there is a glut of stable coins tied to the USD. GeminiUSD is a trusted stablecoin which has passed the regulations test, and there is the USDT whcih is popular on exchanges. There needs to be other coins tied to different currencies for traders outside of the influence of the US dollar

[Tahdayi]

In this moment I know the only project which has passed audit , and have which I think can compete with usdc , Ah and so for me 2 coin good

[Stella_btc]

I don't think you should purchase tether honestly.  It has a lot of fishy behavior behind it and the team.  If you must use it, just use it to temporarily offset drops in BTC or ETH and buy back in.  There's no point in holding tether and honestly I'd consider it dangerous to say the least.

[Wyndesam]

Hi there! I am on my last year of my computer engineering degree and I have been thinking about creating a coin for my bachelor thesis.

My idea is to make something very similar to tether where every coin would always be redeemable for $1. Every coin would be backed by a dollar in a bank account which balance could be viewed by everyone 24/7.
In order to convert the coin to dollars users would have to send their coins to an address where coins would be destroyed.
I could charge 0.25% for every transaction which would be then distributed between the miners or not charge anything and process all the transactions on a personal server.

I currently do not have a lot of knowledge about cryptocurrencies and would appreciate your feedback. I was thinking of building it using the multichain platform since both the bitcoin and ethereum ecosystems would increases transaction costs.

Actually now a lot of stablecoin on the market, and of all of them I like usdc, it is well established and has passed all the checks from the United States

[Sithara007]

Tether is the most reliable stablecoin out there. Other options are not that safe (such as True USD and Paxos).

[jorenpo]

that was a good idea. buy do you have a large amount on your bank account to back up the coin you are up to?
anyway, theres a lot of coins now that is alternative to tether. there's TrueUSD , USDCoin , GeminiDollar.

[jvdp]

Alternatives for USDT is many nowadays, you need to check the any trading sites and check the available conversion for your flexibility. TUSD, USDC and Gemini dollar are my picks if I am not going to use tether.
There is no problem to use any of this coins because these all coins are for stable coin list only.

[MRlong]

I don't think you should purchase tether honestly.  It has a lot of fishy behavior behind it and the team.  If you must use it, just use it to temporarily offset drops in BTC or ETH and buy back in.  There's no point in holding tether and honestly I'd consider it dangerous to say the least.

Tether is the biggest stable coin in the cryptocurrency market at the moment, and I think only USDT is worth to buy in all stablecoins. So that you should use it to avoid losing the money when the market goes down the next time.

[mrdeposit]

Try the USD backed stable coins.

Tether is the most reliable stablecoin out there. Other options are not that safe (such as True USD and Paxos).

In my opinion it may be the most used, not reliable. The first created stable currency was tether, and it has started to grow as time goes by, because there was not a strong rival. When it was first created, if there were USD backed stable currencies as today, it could not develop as it is today.

[Thermytee]

Hi there! I am on my last year of my computer engineering degree and I have been thinking about creating a coin for my bachelor thesis.

My idea is to make something very similar to tether where every coin would always be redeemable for $1. Every coin would be backed by a dollar in a bank account which balance could be viewed by everyone 24/7.
In order to convert the coin to dollars users would have to send their coins to an address where coins would be destroyed.
I could charge 0.25% for every transaction which would be then distributed between the miners or not charge anything and process all the transactions on a personal server.

I currently do not have a lot of knowledge about cryptocurrencies and would appreciate your feedback. I was thinking of building it using the multichain platform since both the bitcoin and ethereum ecosystems would increases transaction costs.

I've seen coins coming up similar to Tether but not active, common or on any major exchange.
It's going to be pretty difficult to meet up to Tether.

[s4mp1nt0]

Tether is one very good and most popular stable coin and i guess there's already a lot of stable coin in market like TrueUSD and USDC.

[der_troll]

There are so many stable coins at the moment and there are tons of alternatives. I do not like Tether and I am waiting for another stable coin that is currently on its ICO phase. But you can use TrueUSD, USDC, ROCKZ. They are all great and could be used on a daily basis.