Is USDT Tether safe?

[otto93]

Yes for now its safe and will always look to be safe because apparently there is no significant price variation in it. Its a stable coin that posses minor or no harm to investors

[Layers318]

USDT is one of the most used stable coins on the market and I prefer it to any other stable coin. It is used to stop loss especially in market conditions where a coin in possession is very difficult to predict which trend it might go, either up or down. It is number 6 on coinmarketcap and I can vouch for its safety.

[leetcoiner]

USDT is one of the most used stable coins on the market and I prefer it to any other stable coin. It is used to stop loss especially in market conditions where a coin in possession is very difficult to predict which trend it might go, either up or down. It is number 6 on coinmarketcap and I can vouch for its safety.

Now more than half of the trading on the cryptocurrency market takes place through USDT. This is a very good and reliable system in the cryptocurrency market.

[ezeobulu007]

USDT is the safest cryptocurrency of all time, zero fluctuations and never part of what pulls down the market cap.

[Mrpumperitis]

Another day of USDT market manipulation....

https://cointelegraph.com/news/tether-mints-300m-usdt-in-chain-swap-corresponding-burn-still-awaits

[Nany79]

Why we need USDT if i play in cryptocurrency market, i focus on trading, this mean buy and sell coins may increase over the time, but USDT has fixed value why i use it.
I know may some use it avoid unstable market, but i do not like USDT.

[altscaner]

Currently still safe and also tether is not too affected by issues that were crowded yesterday for example, such as cases of hack or something. it's just that if you want to use tether you have to be patient because the speed of Omni transactions can sometimes be very long compared to using Stablecoin with ethereum platforms like usdc is faster.

[mamahdedeh]

tether is a safe place to rest when trading or investing. if you want to buy coins and wait for prices, then you can place funds in USDT, these coins tend to be stable in price, making it suitable for a stopover before you make a transaction. although there is big news whether it is positive or negative, so far tether has remained in its position

[esofelap]

In my opinion, Tether is safe at huge jumps in bitcoin, it is convenient for trading, but it remains to be an ordinary cryptocurrency, that is, it is not safe.

[tippytoes]

In my opinion, Tether is safe at huge jumps in bitcoin, it is convenient for trading, but it remains to be an ordinary cryptocurrency, that is, it is not safe.

I believe, we still have hesitations towards USDT because it is owned by one group that their existence is dependent on them. Whatever problem they might encounter within their team, might affect the continuous presence of it in the market. Though it is a stable coin, is it really backed by the same number of US$s?

https://beincrypto.com/tether-co-founder-it-doesnt-really-matter-if-usdt-backed-by-equal-amount-of-dollars/

The whole crux of the Tether controversy rests on the fact that the leading stablecoin likely is not backed by what it claims to have in reserves. With the Tether Treasury minting more USDT on a semi-consistent basis, it may feel like a lot of USDT is just some hot air based on ‘trust.’ However, in a shocking admission by the co-founder of Tether, that may just be all there is to it.

As Lisa Abramowicz of Bloomberg Radio reports, William Quigley, both the CEO of WAX and the Co-founder of Tether, believes that having the exact amount of USD reserves to back USDT is not that important. In fact, what is important is that investors believe it is worth $1.

Made it a bit larger for those that cant read clearly.

This is the reason why I am doubting that they don't have the amount of USD to back this stable coin. But what they marketed before was that USDT is backed by fiat USD. They are still deceiving the crypto community. It might be the reason of their fall later on.

[thisnewcoin]

Of course, it is safe. Billions of dollar trading with USDT pair every day. In all stable coins, USDT still the first choice for most of the traders. Though sometimes their behavior seemed fishy but still USDT is safe.

[LUCKMCFLY]

According to what I have read about Tether, they want to support him with the Yuan, and they are also seeking their support with the Euro and major currencies worldwide, I think the idea of ​​all this is that they want to take care of their backs in case one of These currencies suffer some important fall, in the end I think it is an important and intelligent movement by them.

[Impaler]

I think so. I am a old user of usdt and for me its working fine. I am using usdt from late 2017 and in never face any issues. But at a pint there were some  news about thether that they are not backed up properly. So people are bit of scared and many of them started to out form the usdt and shifted to coin like tusd and Gemini. But still usdt is the oist used stable coin in the market and just working fin as you see. So I think its safe. You can easily go with usdt there is no pwile

[Annisa_crypto]

Yes, USDT is still widely used by many people. We can buy tether with btc.

[Burogh]

I think so. I am a old user of usdt and for me its working fine. I am using usdt from late 2017 and in never face any issues. But at a pint there were some  news about thether that they are not backed up properly. So people are bit of scared and many of them started to out form the usdt and shifted to coin like tusd and Gemini. But still usdt is the oist used stable coin in the market and just working fin as you see. So I think its safe. You can easily go with usdt there is no pwile

Many people are afraid that if it is not backed up but if it is not backed up then the big exchanger will not trade it. Large exchangers will definitely verify this and in my opinion tether is still safe to use

[benycoin]

Nowadays i am very confused about that usdt, it become terrible about more than blockchain, i stopped to use it.

[esofelap]

Nowadays i am very confused about that usdt, it become terrible about more than blockchain, i stopped to use it.

If you want to buy btc, you can do it with usd or tether, but I don’t understand for what reason people buying usdt and hold it.

[Vishnu.Reang]

Nowadays i am very confused about that usdt, it become terrible about more than blockchain, i stopped to use it.

If you want to buy btc, you can do it with usd or tether, but I don’t understand for what reason people buying usdt and hold it.

Holding USDT is having the same risk as holding your cryptocurrency in an exchange wallet. In case of the second option, your coins are being held by the exchanges and they can get hacked, or the owners may vanish with your coins at anytime. On the other hand, if you hold USDT then you are holding the tokens by yourself. But these tokens can become worthless, as their real value is being held by the individuals who store the backup for Tether tokens.

[martina14]

This USDT is safe but most whales in the cryptocurrency says that USDT is a resting place and you dont need to stay there long.
Which means if you want to get off yout ETH and BTC you will just go to USDT which is safe and not moving.
But the rest your belonging there too long.

[Impaler]

I think at this moment usdt is safe. I used usdt for a long time and I never faced a problem with a problem with it. But at a time usdt has a problem. There is a news about usdt that usdt doing something wrong. There is news about usdt that they are printing unusual. And that point many  people don't like ustf. And at this time many stable coin comes up. But I think still usdt is fine for use.