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Author Topic: Is USDT Tether safe?  (Read 23433 times)
Rocky993
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August 28, 2021, 01:11:28 PM
 #641

There is no such thing as a USDT rickshaw.  If you hold on to other coins, you will see a good return.  The USDT is a stable coin that holds the most funds in the USDT only during bad market conditions and up-down to all traders.
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August 29, 2021, 05:14:09 AM
 #642

I think it is very safe, all market have USDT pair on it, and most of us changed it to USDT when bad market happend, so USDT will be available long last and still safe alternative to keep your fund. Despite the fact that USDT is a stablecoin, it is one of the top five in the marketcap, with volume being maintained and will continue to rise as the crypto market caps, thats what i thought.
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August 29, 2021, 06:07:16 AM
 #643

USDT is a stable coin.I think it is safe and It's safe to holding.They(USDT) audited  their bank account and confirmed  of availability of founds these bank account. Many people choose to use stable like Tether USDT. It's on of the Top five coin in market cap and volume.
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August 29, 2021, 06:37:39 AM
 #644

USDT is safe. in addition to a temporary asset storage system, it can also be USDT for the beginning of our assets before exchanging them for other coins. because many exchanges now support exchange with USDT. I'm a USDT user and so far it's safe and haven't had any problems.
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August 29, 2021, 04:44:18 PM
 #645

The concept of security in general, how to put it - is relative. Is USDT safe? Some say yes, while others disagree. The same can be said about the USD, and what it is backed by, it is also printed, but not backed up by its real value. Basically, it's just paper. And how to be?
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August 29, 2021, 09:44:33 PM
 #646

Stable coins have been used the most I have seen. Currently BUSD is widely used. However the most used is Usdt. Sec by USDT faced some obstacles. But later it became a problem.  Since then the USDT has been safe. And low fee also.
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August 29, 2021, 10:15:05 PM
 #647

Tether is dominating among the Stable coins from the beginning. But personally, I don't like tether cause it is fully centralized and does not regulate by any trusted authority.
The unlimited supply is another big problem. its supply is not fixed, the owner can issue new tokens when he wants without any kind of accountability.
It can be used in exchange to stay safe from the sudden market dumps, but I don't prefer to hold this coin for the long term.

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August 29, 2021, 11:38:27 PM
 #648

In my opinion USDT is still safe to use as an exchange in the market to store our assets there, especially with such a large supply and volume of course the turnover of this token is very large so it will be difficult for this token to go bankrupt even though there are many news that the audit of USDT is not valid but for me Still safe.

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August 30, 2021, 07:36:10 AM
 #649

Tether is dominating among the Stable coins from the beginning. But personally, I don't like tether cause it is fully centralized and does not regulate by any trusted authority.
The unlimited supply is another big problem. its supply is not fixed, the owner can issue new tokens when he wants without any kind of accountability.
It can be used in exchange to stay safe from the sudden market dumps, but I don't prefer to hold this coin for the long term.



All fiat-backed stablecoins are centralized. Some of them, such as USDC, PAX, BUSD, TUSD, are more regulated than USDT because Tether insurance is not kept in US banks. But they all have a single emission center, and their transactions can be frozen at the request of law enforcement agencies or by the decision of the company that issues stablecoins. So Tether recently returned $ 33 million to USDT Poly Network, which the company froze at the hacker's address on ETH blockchain.
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August 30, 2021, 08:16:33 AM
 #650

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 think this is a stable coin and we have nothing to worry about a lot of daily transactions based on Tether USDT exchange and very high transaction rate anyone wants to sell BTC/USDT ,ETH/USDT or buy and use this coin, it's still very safe for all of us now.

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August 30, 2021, 08:23:53 AM
 #651

I think it is safe in my opinion by the ff:
: Legitly listed on several platforms, which is why it's popular
: Recent years it shows its stability is why its good long-term investment(based on my personal experience)
: It is good and risk-free. Cheap and Easy to withdraw transactions

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September 06, 2021, 06:15:58 PM
 #652

USDT is a stable coin for now, many investors trade it to USDT when the cryptocurrency market falls to avoid further losses, I think USDT is like a bank, where we can keep our money in crypto investments for a short period of time, so there is no need to it is feared if the price will fall sharply in the future

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September 06, 2021, 09:11:32 PM
 #653

So far it is safe, and will continue to be safe as long as this technology exists, so far there is nothing suspicious of USDT, I am happy to use usdt, but now the transaction costs are increasingly high because the gas is so expensive.
USDT is a good coin and also a stable coin that can be trade with a stable worth like the usd. USDT have being a coin that had maintained the $1 balance which have increased the number of people that are using it for business transactions and other similar be uses. USDT might being the digital coin of tomorrow by that will be used by man persons and firma that are interested in where to save there money without falling with the volatility that usually occur in the market increasing or decreasing the worth of an investor. if

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September 06, 2021, 10:25:00 PM
 #654

This topic is eternal  Grin

Tether dollar is safe enough imho and maybe is the best way to store your money in crypto if you fix some BTC for example and don't want to move to fiat.

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September 15, 2021, 06:29:40 AM
 #655

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?

Usdt is seems so legit and more used of all crytonians on investing, trading or swapping tokens. Usdt is safe actually but in the bad side its been used some of the scammers as there token to scammed people but usdt itself is very legit.
Most transaction in crypto used this coins and your right its price is rising and safe to invest.
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September 15, 2021, 08:07:53 AM
 #656

When the market is too volatile like now then diverting profitable assets to fixed coins is the most appropriate and safe solution, I've been using Tether (USDT) for 2 years and everything is as I expected, the USDT system and program is designed to be stable even though the coin price up or down significantly.

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September 15, 2021, 08:18:13 AM
 #657

When the market is too volatile like now then diverting profitable assets to fixed coins is the most appropriate and safe solution, I've been using Tether (USDT) for 2 years and everything is as I expected, the USDT system and program is designed to be stable even though the coin price up or down significantly.
I also sometimes do the same thing as you and we don't have to worry anymore because it's safe and stable for sure,
either Tether USDT or BUSD both are two stable coins,
what is clear is that we can choose various ways to protect our assets

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September 15, 2021, 12:25:24 PM
 #658

I totally agree that stablecoins as a concept are one of the safest options in terms of volatility, but by definition, they have to be backed by something: a fiat currency, assets, other coins, something.
And so far, Tether failed to report evidence of 1:1 backing. Just in May, it was revealed that they were backed 2-3% only. In the latest report, they claim that they are backed up to 90%, but who can believe that?
Just an opinion...
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September 15, 2021, 02:16:02 PM
 #659

When the market is too volatile like now then diverting profitable assets to fixed coins is the most appropriate and safe solution, I've been using Tether (USDT) for 2 years and everything is as I expected, the USDT system and program is designed to be stable even though the coin price up or down significantly.
I also sometimes do the same thing as you and we don't have to worry anymore because it's safe and stable for sure,
either Tether USDT or BUSD both are two stable coins,
what is clear is that we can choose various ways to protect our assets
USDT is safe to use. in the sense that it is used for certain functions, if I see it, usdt will be more useful if it is used to temporarily store our assets, and not a place to invest. especially for a trader, of course, really need this coin, because there are already many registered exchanges. In terms of market capitalization, since I got to know crypto, the USDT cap has always been at the top

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cryptobrzy
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September 22, 2021, 03:14:48 PM
 #660

I think we can all agree that at this moment USDT maybe safe at the moment, but no one can tell whats gonnna happen with in the nearest future because no has actually seen their bank balances yet, but most of the crypto currency is in the USDT because people prefer keeping their currency in USDT just to be safe

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