Is USDT Tether safe?

[shogun47]

Tether has its history as far as I know in terms of being shut down or being put on ice by authorities. Not sure, was a couple of years ago where nobody could access or move anything for two or so weeks. That's terrifying if you parked a substantial amount in Tether. It is a centralized stable coin solution. Whatever is centralized brings about the risks that come with centralization.

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[1l1l11ll1l]

Tether has its history as far as I know in terms of being shut down or being put on ice by authorities. Not sure, was a couple of years ago where nobody could access or move anything for two or so weeks. That's terrifying if you parked a substantial amount in Tether. It is a centralized stable coin solution. Whatever is centralized brings about the risks that come with centralization.

Yeah, you know things are bad enough that you can't verify if what they distribute is actually backed by a 1:1 ratio. So far tether has been quite capable of answering some of the challenges posed for them, but still, for a centralized stable coin it is not convincing enough, at least for me.

[VIP BTC]

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?

Indeed, there is no solution for stable coins to increase the market cap other than printing the number of coins. The higher the coin price, the lower the stable coin rating, but vice versa. If the coin price gets lower, the stable coin will go to the top.
But basically USDT must have real money amount according to the USDT coins they print. However, it is under the authority of the SEC. They must control the circulation of USDT.

[Karartma1]

Tether now can be safe for a few months given the NY agreement, Coinbase will be adding USDT soon and this could like some kind of endorsement for the shadow US dollar. IMO, I've never used USDT and if I really need a stablecoin I prefer DAI.

[shogun47]

Tether has its history as far as I know in terms of being shut down or being put on ice by authorities. Not sure, was a couple of years ago where nobody could access or move anything for two or so weeks. That's terrifying if you parked a substantial amount in Tether. It is a centralized stable coin solution. Whatever is centralized brings about the risks that come with centralization.

Yeah, you know things are bad enough that you can't verify if what they distribute is actually backed by a 1:1 ratio. So far tether has been quite capable of answering some of the challenges posed for them, but still, for a centralized stable coin it is not convincing enough, at least for me.

I 100% concur with what you said. First you can't verify if everything is backed up 1:1, secondly all the funds that are used to back up USDT 1:1 must be stored on bank accounts and any of these bank accounts could be shut down or get frozen literally anytime.

I am sure back when the first shut down of Tether happened for two weeks or so I think it was, a lot of traders and investors were sitting in front of their screens with shaking hands typing on their keyboard to search for the most recent news. Tether is efficient because it's centralized. You don't have any hassles with a stuck transaction and so on. But once shit hits the fan, that's when it becomes interesting!

[mich]

Just 1 day after listing USDT for Pro-traders Coinbase has now listed USDT for its general users too.

https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2

[shogun47]

Just 1 day after listing USDT for Pro-traders Coinbase has now listed USDT for its general users too.

https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2

Smart step! I am surprised they didn't have USDT pairs available for their general user base much earlier? See it might have to do with regulations? It can't be laziness. Maybe they realized that the only way to conquer market share from the retail investors market is by adding USDT at this point.

[Samurai trieng]

I think that currently it is very safe to transact with USDT, because this altcoin can be relied on in the crypto world, in addition to its stable price, this altcoin is also ranked in the top 5 in CMC, of ​​course this provides very positive things for the development of USDT in the future.  Come,

[iphone5s]

I think that currently it is very safe to transact with USDT, because this altcoin can be relied on in the crypto world, in addition to its stable price, this altcoin is also ranked in the top 5 in CMC, of ​​course this provides very positive things for the development of USDT in the future.  Come,

It makes sense with all your words, but do you have any other references or information from other websites to make sure USDT is safe to invest in. Maybe you have news that makes people believe more. Or this can be some other information : https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2

[daenarys_stormborn]

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

[suryogandul]

very safe for now, because what we know is USDT can be a counterweight to crypto. currently USDT is widely used as an exchange option on all exchanges. so besides that USDT is also a safe storage because it does not experience high fluctuations

[shogun47]

Tether has its history as far as I know in terms of being shut down or being put on ice by authorities. Not sure, was a couple of years ago where nobody could access or move anything for two or so weeks. That's terrifying if you parked a substantial amount in Tether. It is a centralized stable coin solution. Whatever is centralized brings about the risks that come with centralization.

Yeah, you know things are bad enough that you can't verify if what they distribute is actually backed by a 1:1 ratio. So far tether has been quite capable of answering some of the challenges posed for them, but still, for a centralized stable coin it is not convincing enough, at least for me.

I 100% concur with what you said. First you can't verify if everything is backed up 1:1, secondly all the funds that are used to back up USDT 1:1 must be stored on bank accounts and any of these bank accounts could be shut down or get frozen literally anytime.

I am sure back when the first shut down of Tether happened for two weeks or so I think it was, a lot of traders and investors were sitting in front of their screens with shaking hands typing on their keyboard to search for the most recent news. Tether is efficient because it's centralized. You don't have any hassles with a stuck transaction and so on. But once shit hits the fan, that's when it becomes interesting!

it is still a question but so far USDT is still the most widely used and looks safe, the problem of 1: 1 backup with the original usd is no one knows in detail.
but if that's not true then people would have left usdt and looking for another stable coin.

Usdt is still the most used because as long as it doesn't get attacked nobody will notice how dangerous it is to shift you money into USDT.

[Golftech]

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

With usages inside crypto exchange USDT is indeed safe, those experienced traders use this coin as good

alternative when market is unfavorable to traders and investors, instead of keeping your assets while the market

is falling, you can use USDT to divert your asset,.

This coin gives you enough time to analyze, you won't be worrying that the value of your entire assets will fall
while keeping it using USDT.

[Galley]

Almost all trading on cryptocurrency exchanges is tied to USDT as an analog of the American dollar. The prices of the main cryptocurrencies are tied to it and it really is a guarantee of the stability of your deposit in the event of a market crash.

[BintangBuleun]

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?

For now, USDT is not in any lawsuit from the SEC even though their supply count continues to grow. But myself believe in USDT and it is safe for us to keep it as a currency that is equivalent to the USD standard.

[oscarftw]

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

Topics aren't about recent times but the future. Some people can't trust Tether for it's centralization. Even Binance USD has the same problem. DAI is more reliable than others. But I don't want to lie, but I'm using Tether on Tron blockchain to send USDT, but freezing your money could be risky. After everything, we love centralized exchange instead of decentralized exchange.

[shogun47]

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

With usages inside crypto exchange USDT is indeed safe, those experienced traders use this coin as good

alternative when market is unfavorable to traders and investors, instead of keeping your assets while the market

is falling, you can use USDT to divert your asset,.

This coin gives you enough time to analyze, you won't be worrying that the value of your entire assets will fall
while keeping it using USDT.

Yes but the centralization issue remains a dangerous reality. Also they can print as many USDT as they want. The probably won't but they could. As USDT is fully collateralized with 1 USD per coin what is going to happen if governments attack banks that actually hold the collateral? Do we even know that the collateral is there? I don't know if Tether publishes reports frequently, but there is a variety of ways in which they could screw their users.

[Mr.Scott]

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

Topics aren't about recent times but the future. Some people can't trust Tether for it's centralization. Even Binance USD has the same problem. DAI is more reliable than others. But I don't want to lie, but I'm using Tether on Tron blockchain to send USDT, but freezing your money could be risky. After everything, we love centralized exchange instead of decentralized exchange.

USDT is popular stable coin in crypto space. True thing is, USDT is safe alternative. Luckily, we have so many option, but USDT/BUSD is safe to hold money as a stable coin. We may oppose centralize things but true picture is decentralized product first choice. I also curious about that thing.

[imran101]

 I think it's much safer. In the current situation of the market, the safest transaction is to keep USDT. The way the market goes up and down again, if you want to make a good profit from here, you must make a lot of money in USDT. And I think it's much safer.

[prosperoustop]

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

USDT it is not like bitcoin, because it was created to fix all prices, it is stable coin. BTC it is not stable coin from 3000$ to 50000$ for 2 year it is anti stable