Why usdt is stable??

[CryptoRama]

Because it reflects usd fiat currency, or at least it tryes to, don't use it, experts say nothing good will happen from out of all this... rather than that use bitstamp or any other exchange that exchanges you into real fiat currency...

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[Crypto hanna]

Someone in crypto world wanted to kill fiat; and they didnt want you to leave cryptos when price goes down, so they invented USDT..


Now you always remain the the crypto world and should make you nervous of the future of fiat money

[onnz423]

The value of USDT doesn't fluctatuate as much as other cryptocurrencies because it isn't the same as other crypocurrencies. USDT is pegged to the total amount of USD in the supply of the USDT platform, this means that it will never deviate too far from $1 otherwise people will literally be giving money away.

[Oilacris]

Hello friends wish a good day...i just wanted to know why the usdt price is stay 1$
Thanks

Are you serious or did you buy your account from someone else? how come you dont know this?

usdt is created to be equal to 1 us dollars. it makes easier for all of us trading bitcoin and altcoins

Not all things can really be known by an individual even these informations are basic ones but yet there are still people who arent aware or just they newly encountered these things like on USDT price matters.If they dont know this doesnt mean that they do buy their account.  We might have a high rank account but there are really thing into this crypto world which we havent known even on how basic information they are.
USDT= USD itself where it would always have that 1:1 ratio.

[HoaNguyen]

USDT represents the dollar, is a standard unit used when trading cryptos around the world. USDT is just like a currency to trade cryptos as crypto because it operates on a blockchain. Talking about USDT's stable exchange rate is always $ 1 because USDT is always supplied and distributed continuously to the market, so the USDT rate is almost always equivalent to USD in reality.

[abderrazak belkhir]

Thanks all fore those informations...i think that now i got the right idea about the usdt
Thanks friends

[cryptomoon123]

Someone in crypto world wanted to kill fiat; and they didnt want you to leave cryptos when price goes down, so they invented USDT..


Now you always remain the the crypto world and should make you nervous of the future of fiat money

What a great reply... I like the way you think... I think it is a valid point since lot of poeple do the same at Coinbase too.. Coinbase has a USD Wallet

[Alohadanc3]

Used is an erc20 coin which backboned by us dollar. So its depends on dollar price.B ut its also supply and demand process coin. But the price is set between $0.92+ and $1.07-. Its go down sometimes but many of the times it's equal to 1 dollar.it's almost available in all exchanges .With many pairs. Its one of my favorite coin if you are a trader it can save you from losing if you have an idea of a trade.they also have a wallet that's also good.

[victory1]

The liquidity and tight spread of USDT make it one of the most popular stablecoin out there.

USDT is also a recognised name as well. The scandal somehow help to advertise it.

[poodle63]

Usdt is an erc-20 token based on eth platform, it was created to provide the much needed usd or fiat option in the market, although many analysts see it with suspicion but my personal experience with usdt trading has been fine.

This is really true and the usdt was created on the platform of ERC 20! Do not need to survive this is a really safe coin created for easy trading! Every experienced trader will tell you that this is a safe and popular coin!

Another shit comment that doesn't even read the history of USDT. USDT is not an ERC20 token but it's using omni blockchain. It's really different. You guys should stop to spread bullshit like this one.
Your post is totally trying to mislead someone with incorrect answer.

[lagista]

Used is an erc20 coin which backboned by us dollar. So its depends on dollar price.B ut its also supply and demand process coin. But the price is set between $0.92+ and $1.07-. Its go down sometimes but many of the times it's equal to 1 dollar.it's almost available in all exchanges .With many pairs. Its one of my favorite coin if you are a trader it can save you from losing if you have an idea of a trade.they also have a wallet that's also good.

the decline or rise of usdt coins is now fairly stable because now $ 1 is still one of the coin pricing. usdt will still continue to be the only potent and stable coin in price.

[GmBoom]

The main reason is that USDT is backed by USD. It means it cant never go below price like any other coin. USDT has a big role to play in the market exchange. Especially when the price of the market is unstable, only to be saved by a bearish price is to exchange immediately your altcoins holdings to USDT.

[jdkfy]

Because the USDT is equivalent to the U.S. dollar and 1 U.S. dollar = 1 U.S. dollars, unlike other virtual currencies, there will not be huge fluctuations in the price, but will only follow the changes in the U.S. dollar exchange rate. The price is very stable, so it is most important. The significance is to hedge. It can save you when the market crashes. For example, if you bought BTC, when BTC collapsed, if there is no USDT, then you will not be able to control the position. No matter how you do currency exchange, you can only be in a full position at any time. But with the USDT, when the currency falls, we can immediately switch the currency to USDT to ensure that your assets do not shrink.

[cellard]

Usdt is an erc-20 token based on eth platform, it was created to provide the much needed usd or fiat option in the market, although many analysts see it with suspicion but my personal experience with usdt trading has been fine.

This is really true and the usdt was created on the platform of ERC 20! Do not need to survive this is a really safe coin created for easy trading! Every experienced trader will tell you that this is a safe and popular coin!

No. Please, stop telling to people USDT is "safe". USDT is as safe as it it is safe to leave your coins in Poloniex, Coinbase, or any other exchange with the added risk of it being a "coin" that is a raid away from the Feds of plummeting to 0.

Basically if a government with enough resources decided to screw them up, they could freeze their bank accounts and then the USD resources for USDT would get confiscated or otherwise stopped, ending liquidity and therefore crashing the price. Unlike a true decentralized cryptocurrency like Bitcoin which would survive government attacks, USDT actually has "an office" which is a single of point of failure that has any savings kept on USDT at the constant risk of going to 0 the very moment this office gets a visit from an attacker. For now their method seems to be working, but I wouldn't count on it long term. For short term it's probably ok, but quickly go back to BTC when you do your trades.

Remember that even if you keep the USDT on some of these Ethereum multi token wallets, it's irrelevant for the token value going to 0 for reasons explained above.

[Vispilio]

Cellard above makes some excellent points, all agreed. Having said that, it's essential in the extremely volatile crypto markets to be able to exit to fiat or a fiat equivalent with the push of a button;

therefore something needs to replace USDT asap for the general health and fluidity of exchange based cryptocurrency trading activity.

[GreatOrchid]

Lol are you serious? it is stable because it is meant to be at one dollar forever, unless that the entire system crashes.
Just make your own research before posting bullshit in here, we all know why it is at $1..

[Vispilio]

Lol are you serious? it is stable because it is meant to be at one dollar forever, unless that the entire system crashes.
Just make your own research before posting bullshit in here, we all know why it is at $1..

The discussion was about how feasible and reliable it is for USDT to function as a fiat peg, and the obvious disadvantages it has...

I guess even the initial poster knew what the team theoretically had in mind when originally producing this crypto.

[Katya91a]

USDT is really the most stable cryptocurrency. And this is explained by the fact that it is tied to the dollar and its price is completely dependent on the dollar

[Hssn]

As of their statement usdt is backed by usd so it is always stable at $1,but know one know if its true or not.

[DemonHunter83]

Because they control the supply and print more if a lot of people are buying it (I think).

You just described the situation with the real dollar :d I Think it is, the dollar has long sought to become international. And based on that, he prints as many dollars as he wants.