Is USDT Tether safe?

[shinratensei_]

I am not a big fan of centralized stable coins like USDT. It is backed by $ but the real problem is how to control it, and audit it all the time. Some doubt will always be present. I have more faith in decentralized solutions like DAI has.

The team of tether has control over all of the distributed tether in the cryptoecosystem. It's centralized crypto that the dev can do anything with it. I will prefer to use another stable coin just like PAX or TUSD which has been getting an audit to the reserved funds.

[vgk88]

I think Tether is safe. This is a very big project and it is important for him to maintain his place in the market. I do not think that Tether can become a scam. I think this is the best steblecoin for trading.

[Omela44]

I do not trust usdt tether. There are just too many rumors and unexplained things about tether and therefore i do not trust this stable coin. Tether is not safe for me personally, but everyone has to decide for themselves.

[beami]

I think Tether is safe. This is a very big project and it is important for him to maintain his place in the market. I do not think that Tether can become a scam. I think this is the best steblecoin for trading.

You could say Tether is safe and has a stable value for real trade, many people who use USDT as a benchmark and this gives it the value that is easily accessible. Everyone has their own views about Tether.

[cjie]

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 one of the best tradings peers. It is a very good coin to store your asset during the bear time because it maintains a rate that will not make you lose or retain your asset. It is a steady coin with great potential.

[Zero1One0]

I'm not sure how safe USDT is but I decided last Q2 of 2018 to "move" the value of my crypto assets to USDT.
That decision saved my portfolio. 

[Colan Zolo]

I think USDT does have a good system and many choose to use it.
The stability of the USDT does provide benefits to users in transactions and this makes it easy for all to function properly.

[TradingIsBreath]

Your question is similar to should I invest in tether?

1. Investing in Tether is currently one of the most debated questions amongst investors.
2. A Research published US investment bank Morgan Stanley in March 2018  indicated that trades between USDT and bitcoin have become regular supported by an estimated 14.2% of bitcoin trades paired against USDT, up from less than 1% in October 2017.
3. However, the lack of transparency in USDT has recently made it unpopular. Fortunately, a recent third party audit (albiet by a law firm, and not an audit company) confirmed that Tether’s value is backed by legitimate USD reserves, putting to rest months of controversies. This should help rebuild some of the declining trust in Tether and help make it a standard for cryptocurrency exchanges globally.

Know more about tether: https://coinswitch.co/info/tether/what-is-tether

[ramahero01]

Until now, USDT has become a stable coin that has been much appreciated by traders to secure their funds and I think USDT has proven to be safe and very stable in price because even though I have seen a few months ago USDT has decreased but they are very fast to recover to the original price.

[crypt0.r3negades]

I have doubt also on this coin if this was purely safe, but in terms of avoiding massive loss due to bad market, tether was always been there saving my assets. But good advice is to convert it on bitcoin or ethereum , because those two, we have proven that they are safe.

[chakhigh]

We have to be very careful when choosing a stable coin for our cashout strategy.. The thing is these stable coins backed by fiat money are not totally stable/safe.. so we have to look for a real value to back our assets. Precious metals and gold in general can be a better answer. Because this precious metal has a more stable price globally. If you wanna learn more about this model, take a look into the actual Gigzi project ecosystem. I think this latter is more secure and effective for crypto-assets management.

[Cloud_miner]

I believe that in general, an USDT is quite a safe asset that can be used by us if we want to create some stability for ourselves, but given the fact that a great number of new stablecoins have recently been created, we can also use all the rest of them for the same purposes. Recently, the market offers a fairly wide variety of different stable coins for any needs.

[defoman]

Whether it is safe to store your funds in USDT is a moot point. So far, no evidence has been provided to confirm that this stablecoin is backed by real dollars. Nevertheless, the coin is in demand and ranks 8th in capitalization on the CMC.

[jademaxxiss012]

I am more confident with USDT for now because of its crypto market price value that is more stable compared than other crypto in the market. The market price for USDT is just like the dollar fiat currency basing its market price. With the current market trend nowadays it would be good to go with USDT for now rather than bitcoin so Store your crypto with USDT.

[raptorez]

It seems to me that today the best thing you can think of is probably the USDT. I think that the USDT can really become an international project. Just like today there is the usual USD.

[maiiyeuvo]

Every coin is safe before the scam happens and the tether is not the exception. Some people even believe that USDT is the biggest scam.

[emmybd]

Tether is definitely safer than many other newly listed altcoins, so it wouldn't be a bad idea to hold it for long-term. Recently, it has been getting a lot of investors attention, so it can be profitable in the long run.

[pixie85]

I wouldn't call it safe. We don't know if its pegged to the Dollar like they are claiming. You can see on the charts that it's heavily manipulated because it should have similar value to the dollar but sometimes it can go a lot lower. You're buying a stablecoin that isn't stable.
They were asked to prove they aren't producing usdt without having USD to back it and they didn't.

[disconnectme]

I am not a big fan of centralized stable coins like USDT. It is backed by $ but the real problem is how to control it, and audit it all the time. Some doubt will always be present. I have more faith in decentralized solutions like DAI has.

I personally don't understand why people decided not to give Tether the credit which it is due, there is no Sable coin in the space now that is well capitalized as Tether. I am not saying they have all their tokens backed by USD but they have huge Fiat reserve to backed up their claims. DAI have a good designed but will not scale to a Billion Dollar project IMO because of so many limitations

[PuertoLibre]

I am not a big fan of centralized stable coins like USDT. It is backed by $ but the real problem is how to control it, and audit it all the time. Some doubt will always be present. I have more faith in decentralized solutions like DAI has.

I personally don't understand why people decided not to give Tether the credit which it is due, there is no Sable coin in the space now that is well capitalized as Tether. I am not saying they have all their tokens backed by USD but they have huge Fiat reserve to backed up their claims. DAI have a good designed but will not scale to a Billion Dollar project IMO because of so many limitations

If i remember right there are rumors about manipulating USDT by bitfinex management who behind this stable coin idea. TrueUsd should have backup and it will be more safe to prefer TrueUsd than USDT.