Is USDT Tether safe?

[sniveel]

I think we should not worry about Usdt, because it seems that they are legit and stable coin. There are also many people or traders who use usdt's market in crypto exchanges. And if I am the investor, I rather invest my funds into altcoins rather than stable coins. Usdt is also a top coins in the coinmarketcap. Usdt had a lower fees than other major coins, in terms of withdrawal.

[1714723630]

1714723630

[mich]

Statemint is the first parachain that USDT will launch on. 

https://www.parity.io/statemint-generic-assets-chain-proposing-a-common-good-parachain-to-polkadot-governance/

https://cointelegraph.com/news/tether-s-stablecoin-set-to-land-on-polkadot-and-kusama

[carrie_white]

yes I agree with you, I also think USDT is one of the many stable coins that are very safe, because in addition to its large volume, USDT is also the first stable coin that appears in the crypto world, so you don't need to hesitate with USDT

[HanaTenun]

yes I agree with you, I also think USDT is one of the many stable coins that are very safe, because in addition to its large volume, USDT is also the first stable coin that appears in the crypto world, so you don't need to hesitate with USDT

indeed he should not hesitate to choose a stable USDT asset. I'm sure everyone also uses it for trading or other functions on the exchange.
but one must consider is to choose the right network before making a transaction because USDT is also available for some blockchain networks.
My advice is to choose USDT TRC20, I am sure it is more friendly for transaction fees than having to choose ERC20.

[mich]

Glassnode date shows how 500m USDT were deposited on exchanges just alone for 8 of April.

https://cointelegraph.com/news/bitcoin-exchanges-just-saw-massive-tether-stablecoin-deposits

[sunny28]

The coin is not clear, there are always some problems with it, legal proceedings.

But I do not think that it can happen that this coin simply ceases to exist, too much money will be lost in the market.

But still, I would advise you to use-USDC

[Sihab76]

I think so, the USDT is safe. Recently, they audited their Bank accounts and confirmed the availability of funds in these accounts.

USDT tether is the most important and popular stable coin in the cryptocurrencies market and most of the exchanges and bank account are accepting tether as their transactions systems. So I think USDT tether is the best and safest investment coin in cryptocurrencies market.

[Handsome Boy]

in my opinion as long as the volume of USDT is still high and exchange is still using pairing with USDT, then of course I believe USDT is still safe, because there are still many people who believe in using USDT, then I think USDT is the best and popular stablecoin for now, therefore you should not hesitate and be afraid to use USDT at this time.

[kak uli]

In my opinion, what is conveyed in your statement is very wrong if the price of bitcoin continues to soar because it is pumped or supported by the Usdt token, that is the wrong statement in my opinion. without being supported by USDT tokens, the price of bitcoin will also continue to increase, USDT tokens are always the strongest level of security and the price is always in Normal, if USDT rises no more than 10% and if the price drops no more than 10%, that's what I mean the USDT token has a fantastic level of security. I call this Usdt token this is a Token that has no volatility, the price is always $ 1 all the time.

[Grim149x]

yep usdt is legit and its safe its long time ago ill used in trading in usdt pair  in bittrex and untill now iam still tarde on alts in usdt pair on binance. Untill now many traders used usdt pair because if the bear market is started usdt pair is still safe.

[mich]

Big News as tether will be launching on major crypto exchange Coinbase Pro.

https://blog.coinbase.com/tether-usdt-is-launching-on-coinbase-pro-3a1353060e41

[Godwinpaul]

We've heard several frightening news about USDT, but I personally prefer holding USDT as compared to other stable coins. The most prominent information we heard was that USDT doesn't have the required back up in dollars to offset the amount being circulated and its possibly true.

[Rampagoe004]

For now holding usdt I think it is safe and can already be relied on in the crypto world, and what we should know is that usdt is now a stable coin so it is safe to store our assets, and usdt also has no internal problems at the moment so we are not worried about changes that occur suddenly, but we also have to be careful because not all crypto coins are safe up to 100%.

[bryant.coleman]

The biggest advantage with cryptocurrencies such as Bitcoin, Ethereum and Bitcoin Cash is that they are decentralized. That means that you are able to store money on your own. But that is not the case with USDT. With Tether, the Bitfinex exchange is holding your money and you are being issued a token which establishes ownership to the funds. Now the drawback here is that the tokens can be stolen from your account, and at the same time they can become worthless if the Bitfinex exchange goes down.

[martina14]

Yes it is safe, besides I had been using USDT pair to trade to get some profit actually.
In fact, USDT for me in my own opinion it is more safe to this pair rather than ETH at the moment.
Because, fluctuation most often to ETH unlike on USDT is not that volatile in terms of movement in the
platform exchange.

[Atang Sulaeman]

I see it is safe for USDT now, because there are still a lot of exchanges made through USDT and a lot of convenience is obtained from USDT and also benefits if we experience a decline from alcoin while USDT remains at a price in accordance with fiat dollars.

[CoinFoxs]

USDT is safe but not profitable as compared to other cryptocurrencies like ripple, cardano, dogecoin etc because usdt price is stable at 1$. But it is good for traders as they invest in other altcoins make profit and convert the profit into usdt because of it’s stability. The other reason is transaction fee is low when we are trading in usdt. So usdt is safe because of less fluctuations.

[leatutz]

The biggest advantage with cryptocurrencies such as Bitcoin, Ethereum and Bitcoin Cash is that they are decentralized. That means that you are able to store money on your own. But that is not the case with USDT. With Tether, the Bitfinex exchange is holding your money and you are being issued a token which establishes ownership to the funds. Now the drawback here is that the tokens can be stolen from your account, and at the same time they can become worthless if the Bitfinex exchange goes down.

In that case, we could use "DAI" for its decentralization. Cryptocurrency is beloved of all, the only reason is Decentralize. Today, Binance exchange is popular, which is decentralized. We know that some decentralized exchanges are dying, when centralized exchange is being popular because of its fake volume. Latoken, bitforex and kucoin have a very fake volume, especially Latoken. Volume also matters, especially when we are talking about top stable coins.

[mich]

USDT now with more then a $50b marketcap after being listed with coinbase pro.

https://www.coindesk.com/tether-passes-50b-market-cap

[mich]

Cayman Islands accounting firm Moore Cayman has confirmed that USDT is fully backed with plenty of reserves.

https://cointelegraph.com/news/tether-s-reserves-are-fully-backed-according-to-latest-assurance-opinion