Is USDT Tether safe?

[leetcoiner]

Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?

there is a truth that the creation of tether has pumped the price of bitcoin.  when massive amount of usdt has moved to an exchange, it is likely that there would be a big btc pump.  for the past several years, usdt do not have any problem when you want to withdraw or convert into fiat.  1 usdt can be encashed into 1 usd roughly.

You're right. I think there is a possibility that in the future in this way all the cryptocurrency markets will be pumped up. I do not keep this asset in my portfolio.

[1715591921]

1715591921

[1715591921]

1715591921

[vanya.pronin.1983]

The only thing that bothers me is that this stable coin is likely to be centralised. The reason is that USDT does not have any limited supply and there could be so much coins created as the devs wish to have.

[chocopapaya]

Tether is the most dangerous of all the stable coins.

First off, just apply common sense and logic.
If every tether equals one real life us dollar, how on earth did they just create $250 million dollars?
on top of that, right now there are over 2 BILLION USDT circulating, so that means they have 2 billion dollars to back that up.
Where did that money come from? How are they able to suddenly create hundreds of millions of dollars?
Why do they continue to print hundreds of millions of coins?
Even an idiot can see there is a lot of fishy stuff going on.

But not only that, they were "audited" to prove they were legitimate.
However, that company has no reputation is not considered industry standard at all.
If my uncle Bubba said I had 2 billion dollars would you believe him?
Wouldn't you rather have a licensed, internationally recognized professional auditing team do it?
On paper they most certainly have the funds to hire something of that calibre, so why didn't they?

[Coin BTC]

I once read a story about a bankrupt Zimbabwe country. They are basically also developed countries. But to cover the country's debt, they keep printing money at any time. Then more and more of their money so that they do not give value to the money.
Well, back to USDT. I think if the USDT will continue to print coins, then there is a high probability that the USDT price will decline. Because of the high supply of USDT.

[Bot Asem]

USDT is very well maintained because of its market price has gone through several long processes such as backing up following the USD $ currency. He is still stable even though the price of other coins has dropped or gone up. So brief is the explanation about this Tether.

[SarangWallet]

The question is whether the value of USDT is equal to USD? Where are the USDT price benchmarks? Does the dollar have an effect with USDT? I see the USDT price is very stable, even if the exchange rate with the conventional currency is normal USDT price.

Until recently, this project had rather difficult legal problems in the United States of America. But today everything seems to have stabilized and, due to the current state of the cryptocurrency market, many users of cryptocurrency are grateful to the USDT for the opportunity to avoid the risks of losing their money.

Now many users prefer to choose other stablecoins because тнeй are still believed that USDT is a scam, the same as me. When people used this stable(USDT) in the past they didn’t have as many diversification tools as they have now. so you can forget about usdt

So, if USDT is not USD then the price is not possible with 1 USDT = 1USD. And if the exchange of USDT gets smoother, the USDT price will automatically rise, but the USD will remain.
The question is, what is USDT? And USDT is currently used as a measure of other coins.
And I'm surprised by other coins that use USDT as a benchmark. Indirectly is promoting USDT as the greatest crypto with normal exchange rates.

[frost_wind]

This stablecoin has survived so many scandals and intrigues that if it really was unsafe, it would no longer exist. Nevertheless, this is just a cryptocurrency, so you can safely use it for daily transactions or trading, but keeping money in it for the distant future is clearly not a good idea , because anything can happen in this industry

[Lanatsa]

It never been stable but would be great if you do switch up your assets with USDT if theres a market crash.

[GymClassHeroes]

There is always the fear that tether ould just be printing money without actually backing it up with cash in the bank.They howeber did publish a report in the past showing evidence of cash in the bank but no audit report to date. In an unregulated market,that may suffice for small holder but not major institutions.I personally do not hold too much assets in tether.

[Ditlycel]

I think at the moment very safe to invest in usdt , as the coin passed the audit in the us , I think to store in the coin , I keep for more than a year funds

[r32godzilla]

Tether is very controversive coin and I would rather stay away especially when you have the opportunity to choose another stable coin. Recently many of them were created and it is up to you which one you will choose, almost all of them are more trustworthy than Tether  .

[Felipeo]

I am a long time user of user for a long time. And I never faced any problem. But there are many news about tether and yes some of them are true. The first problem is centralisation they print tether whenever they want. Its indirectly effect the market. The next one is they are audited but not audited by any big company.  And there is also a news that they are not backed by anything. So this news make user suspicious. After this incidents many of the big exchanges started to use their stable coin or others more stable coins.

[chanc3r]

It never been stable but would be great if you do switch up your assets with USDT if theres a market crash.

Usdt theres some reason why it called stablecoin because it is backed up by USD and will always been stable. Your saying just doesnt make sense that thinking usdt is not stable because it is always stable until now.

[daly896]

It is definitely not safe. I suggest you to take care about your funds and find another way to save your money in crypto. I would say that USDT is the best option among stable coins, but it is not that safe

[abake]

it's super safe, forget about some funny rumors with no backings. I trade heavily and converting to USDT is always my best option when need be, especially when I spot a downtrend. So yes, USDT is safe.

[the1arty]

Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?

Currently, USDT is the most liquid stable coin, but anything may happen to USDT any day. I would advise researching more about the true story behind USDT.

[jozymens7]

According to the tether documentation, it is not just tokens that are issued for granted. Any tether circulating in the crypto world is backed by exactly 1$ in a bank reserve so it is absolutely safe and legal to save money in tether if you want a stable coin to change your coins to for some period of time.

[valek.bruno]

You can only rely on information that can be found on the Internet today. Today, the USDT project has not a bad reputation despite the fact that it has not yet passed an official audit. Therefore, today I can say that they have long been on the market and this is an indicator.

[MendozaCharles]

USDT is currently safe and people still use it every day. In the past there were some FUD for USDT but everything was solved and no big problems happened

[qwerty1337]

USDT is gradually fading into the background, now there are a lot of analogs that are backed by fiat currency, and there are rumors around USDT