Is USDT Tether safe?

[rahmathidayat93]

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.

That's right, and as long as the use of USDT / BUSD is still in the safe category, it will be difficult for everyone to switch to another, especially the use of the two tokens is also very helpful in saving asset value when the market is corrected.

[ijeb]

As you probably remember, USDT was accused not long for issuing assets worth $35.2 billion while liabilities in digital stablecoin issuance was $35 billion and recently they got audited by an independent auditor Moore Cayman that stated:

Tether is backed by “cash and cash equivalents” of more than 100% of its liabilities.

So for now I think it can be safe and trusted but in the the end it is still a centralized coin.

[mich]

USDT will now launch on its 9th blockchain Avalanche.

https://www.avalabs.org/

https://beincrypto.com/tether-launch-high-speed-avalanche-blockchain/

[shadow123]

Yes mate Tether is safe than other coins .USDT value change around 0.01 probably. There is no more dump or up. Actually it is  form of like USD. If market get down You can safe your crypto  by converting to USDT.

[mich]

Heres a Bullish article saying why its good to invest in USDT.

https://www.analyticsinsight.net/forget-bitcoin-invest-in-tether-right-now-heres-why/

[kokrokok]

as long as Tether USDT is made and until now it is still fairly safe but there is no guarantee that in the future it will remain as it is now, in the crypto world there are risks so it would be better if your money is not forever in crypto

[wajik-tempe]

From it's marketcap i think USDT is the most used if people want to hold fiat, so i will assume this coin is the safest fiat based on cryptocurrency. If i'm not wrong USDT is also the first fiat based crypto on the market, so i think it's safe and it's okay to hold some when the market crash

[lizarder]

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?

Due to the high demand, tether continues to be printed in large quantities for now, they are pursuing maximum numbers in recent years and it is possible that tether has good potential in the future, so tether continues to increase well until it reaches the top 10 coin market.

Many people analyze that tether pumping bitcoin is at the maximum amount and affects the increase in bitcoin price, but what is the extent of tether's chances of reaching the target market of the top 10 coins. If both are not able to provide benefits simultaneously, it is certain that everything that has been agreed upon will not work.

USDt itself has an influence if the market is stable and not manipulated by other coins, meaning that if a lot of manipulation makes USDt unstable, to keep USDt safe it is necessary to stabilize the market, so that it does not have a big effect on USDt stability. If bad play continues on the market, it will not only be USDt that is in trouble, but all coins will be affected by this action.

[Refrumatrix]

For now I believe it's safe because it has the highest volume overall other stable coins and we all know that USDT is centralised, they have issues in past years but usdt will remain my favourite, it's well supported and if the worst happens we got DAI and stable coins

[dificanovi]

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?

I still think Tether is still safe because its price will not go down and up drastically like what happened to Bitcoin. If Tether continues to be printed and causes the price of bitcoin to be expensive in my opinion that is a natural event, in fact I am very happy to see the price of bitcoin can go up because of Tether.

[Fivestar4everMVP]

Alot of talks have been going around tether USDT of late that it's becoming like scary to transact or keep money in it, I really don't know what do believe anymore, I've been using USDT tether for a very long time ever since the stable coin came into existence, and am one kind of a person who don't like jumping from one stables am already familiar with to another I absolutely know nothing about, but then, one thing I still don't like about tether is them having to keep printing millions and billions of it from time to time, I don't know if this is good for its continues growth long term, I don't know how sustainable is this, this is the only fear I have with tether, I don't know what others think, am also reading comments to know what others think about the safety of transacting and storing our wealth in tether.

[OZmaster]

Alot of talks have been going around tether USDT of late that it's becoming like scary to transact or keep money in it, I really don't know what do believe anymore, I've been using USDT tether for a very long time ever since the stable coin came into existence, and am one kind of a person who don't like jumping from one stables am already familiar with to another I absolutely know nothing about, but then, one thing I still don't like about tether is them having to keep printing millions and billions of it from time to time, I don't know if this is good for its continues growth long term, I don't know how sustainable is this, this is the only fear I have with tether, I don't know what others think, am also reading comments to know what others think about the safety of transacting and storing our wealth in tether.

The question whether USDT Tether is safe has a very simple answer: as with every centralized system with a single point of failure, it is safe until the moment it is not. Are banks safe to use? I would say yes, until we have a big fat crash and the money goes poof! There is no definite answer because nobody knows all the loopholes hackers could use, or what if policy makers freeze Tether accounts or prohibit banks from storing cash reserves for Tether and so on and so forth. I use Tether, but I am fully aware of the fact that I would wake up and the party is over. Can the same happen with Bitcoin? No! That is the value decentralization intrinsically carries.

[ttcsalam]

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?

As a small-time, I saw nothing is impossible in this currency market so when anyone wants to save this capital he or she convart USDT. If an Account is not safe such as 2 FA and verification etc any token and coin can hack any time so at fast you to confirm you save on the Account security then USDT is a saved investment I think. otherwise not save.

[sgenuine]

My answer is yes, it is a fiat-pegged stablecoin with the biggest market cap and the biggest trading volume, so can it collapse? There were cases when stablecoins fell down, but it was about algorithmic stablecoins that couldn’t fight against panic, when people stop believing in a project. Actually, Tether was accused of not having required collateral, but as I know there were several audits that confirmed that Tether had the right sum of money. So the most important thing in crypto is trust. As long as people believe in Tether and use it, there is no point in worrying.

[Malam90]

Few months ago, we were in tensed about USDT but later it was come to fine till now. BTW, USDT still haven't published any audited results whether they have fully backed by assets. As one of the top 3 coins in CMC, we are using USDT mostly without any problem so far.

[OZmaster]

My answer is yes, it is a fiat-pegged stablecoin with the biggest market cap and the biggest trading volume, so can it collapse? There were cases when stablecoins fell down, but it was about algorithmic stablecoins that couldn’t fight against panic, when people stop believing in a project. Actually, Tether was accused of not having required collateral, but as I know there were several audits that confirmed that Tether had the right sum of money. So the most important thing in crypto is trust. As long as people believe in Tether and use it, there is no point in worrying.

Have you totally forgotten why crypto exists? Doesn't crypto exist because it avoids all the risk about single point of failure problems? If you have a close look at how USDT Tether works, what is the first thing you realize?

[Brus123]

Tether is a fiat pegged centralized currency, and as long as people believe in Tether, as long as it is convenient and people want to work with it, there is no point in worrying.
It is obvious that people trust this stablecoin. As not only is it a stablecoin with the biggest market cap, but also the trading volume of Tether is 15 times bigger than it is in case with Binance USD and USDC.

[campusnet]

USDT tether is the safest coin today. unaffected by market conditions and stable prices. nowadays many trades use USDT as a comparison, and for safe asset storage it is better to USDT because it does not go up and down in price

actually, the stability of USDT assets is also not completely stable. you can see how USDT is also moving as its adoption increases. it happens when the market goes down.
after several cases related to USDT which you may have also heard on this forum. in fact, USDT is still popular for trading.
but for me who trades on the binance exchange, I use BUSD more than USDT.

[Cornia]

I think USDT Tether is safe and i believe this cryptocurrency. I often convert my asset to USDT when market is going to down. USDT is the mostly used stablecoin. So people also trust this coin.

[Orange89]

Before understanding about USDT you needed to understand aboutUSD, USD is the fiat money that we all stored in our bank account and if we putt Tether then it became USDT that is the world third biggest cryptocurrency we mostly used for the trading and exchanging

Why USDT IS SAFE  USDT is backed up by UNITED STATE DOLLAR (USD) it is a stable Crypto currency it had fully transparency and everything is managed daily everything is locked but truth is that its fluctuation can be monitored

SO THAT'S THE SOME REASON PEOPLE Believe THAT USDT IS SAFE