Is USDT Tether safe?

[Joshapat]

I think USDT is safe, when the market is red and the downtrend continues then switching to a stable coin is the best solution, yesterday I transferred around $1200 to USDT, and I've been using USDT since 3 years ago and until now have never had a problem.

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[Dr.Osh]

so over the last day, $1.5B worth of Tether just minted. however, there isn't anywhere to know how these funds are backed. if i were having those funds and i knew how to redeem them, i would attempt to redeem them all for my safety of funds. this is becoming shadier than before.

if you know how to resize the image, please contact me in the mailbox so that i can shrink the image for good.

yes, that is quite a number. Since the first, the issue that USDT is not fully backed up with cash is still hanging around until now. because of this, I only use USDT in moderation, and not long term. other than that, I'm also more dominant in using BUSD than USDT for now. well, maybe once this is clear, I'll go back to using it.

[bekti3]

I actively use USDT Tether when I see the market is too volatile, if the price is top 5 red then I immediately move to a stable coin like Tether, and I think USDT Tether is very good and satisfying because when I trade with USDT pairs the price accuracy is very precise so it's natural for USDT become the coin with the largest daily transaction volume.

what you are doing is very realistic because indeed to trade in alt especially the top 5 is now too high risk and it's time we have to move to stable coins to keep us awake but also to get the profit we want.
I also did the same for now and it worked quite well

[apur688]

Is usdt safe? What a question it is, I have tried so many stable coin, and most of them that most used by the users is usdt. I think stable coin, whatever it is, it is a good coin, and totally safe. May be some cases indicated if it's not safe, but what is the cause? May be the user didn't keep their private key safely, or something.
So, I disagree with that statement. I think most of users in here agree with this too. You can try it if you really want to know

[eXtremal]

I think stable coins like USDT are very safe. Usually he will add supply when the price of bitcoin rises or the price of USDT exceeds the fiat price and if bitcoin goes down he will reduce the supply. This is how USDT keeps prices stable. But it is not the cost of USDT can be manipulated, the Mecca of cryptocurrency is still bitcoin. Then the rise or fall of the USDT supply is in the condition of Bitcoin at any time.

[globalpain]

I think stable coins like USDT are very safe. Usually he will add supply when the price of bitcoin rises or the price of USDT exceeds the fiat price and if bitcoin goes down he will reduce the supply. This is how USDT keeps prices stable. But it is not the cost of USDT can be manipulated, the Mecca of cryptocurrency is still bitcoin. Then the rise or fall of the USDT supply is in the condition of Bitcoin at any time.

It's true that USDT is very safe and I don't think there's any doubt about that,
USDT is also still the choice of many people including myself and even so far I have no time with it,
clearly USDT is a trusted stable coin

[lottery248]

I think stable coins like USDT are very safe. Usually he will add supply when the price of bitcoin rises or the price of USDT exceeds the fiat price and if bitcoin goes down he will reduce the supply. This is how USDT keeps prices stable. But it is not the cost of USDT can be manipulated, the Mecca of cryptocurrency is still bitcoin. Then the rise or fall of the USDT supply is in the condition of Bitcoin at any time.

It's true that USDT is very safe and I don't think there's any doubt about that,
USDT is also still the choice of many people including myself and even so far I have no time with it,
clearly USDT is a trusted stable coin

but in fact, you won't usually have access to the redemption section, as the fee of it is extremely high. until you can redeem your funds, you can't verify if that Tether amount is legit. also, half of the whole Tether capitalisation is backed by commercial papers we don't have access to know about.

[susuberuang]

Tether USDT are safe from any market dip or pump. Its price is stable and not any harm in USDT. You can buy and sell them anytime without any market situation.

The name is also a stable coin, obviously not affected by any market conditions or anything, because USDT was created for all coin pairs and is suitable for storing the value of existing assets.