Is USDT Tether safe?

[beachbummer]

If I need to use a USD stablecoin, my personal preference is USDC.

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[joseyphil82]

If I need to use a USD stablecoin, my personal preference is USDC.

USDC stable coin is newer than Tether and tether has been around for a very long time now even after few investigation was been carried out at that point in time and now tether still stand strong, its now available on tron blockchain as well, tether is the best choice

[J1mb0]

Until now, keeping USDT is still very safe. USDT is said to be linked to USD so people trust and use USDT for their transactions. However the future of the cryptocurrency market is unpredictable, if you want to hold USDT long term be careful.

[Lantind]

If I need to use a USD stablecoin, my personal preference is USDC.

Personally, I prefer USDT over USDC, even though they are both stable coins than USD, I prefer USDT,
and it's certainly very safe to use in trading on any exchange.

[cahbagus555]

If I need to use a USD stablecoin, my personal preference is USDC.

Personally, I prefer USDT over USDC, even though they are both stable coins than USD, I prefer USDT,
and it's certainly very safe to use in trading on any exchange.

USDT has been traded longer than USDC but in my opinion the two tokens are the same because they have a liquidity guarantee every time they mint new tokens. In my opinion, choosing between USDT or USDC is about our trust in liquidity

[Dobmaster]

USDT is stable for a long time, I personally use it to take profits, it helped me for quite some time, about two years, there are no complaints at all.

[santiPOGI]

Yes it is safe, i can see USDT in big exchanges and it really helps if you want to go away from any cryptocurrency.
Like you think everything will go low that day, that the scape door you should go, convert it to USDT.

[X-ray]

USDT has been stable for more than 4 years, it has been showing stability all the time, personally I use taking profits on exchanges in connection with an unstable situation. USDT helps me a lot in this.

Without the majority's preference, USDT would not have been ranked in the top ten. It is obvious that it creates convenience for traders but we always have the question of whether or not it will continue as it is. Once you already trade with a lot money, you do not have much choice. Choosing one of the stabe coins will charge less fee.

Well, the company printed USDT like crazy and also USDT is listed on so many popular exchanges. Knowing that, USDT ranked among top ten is to be expected.
If we are talking about the safety I'm pretty sure that there's no cryptos that have absolute safety to offer even it's USDT there's still a chance that the company could go bankrupt or doing exit scam any time. I'd only recommend to people, if they are willing to exchange their money to USDT just take a few steps and convert the USDT to real money and transfer to your bank account. That's the safest way to go.

[Rune]

USDT is extremely unsafe and if you hold it you are putting yourself at big risk my suggestion to you is to avoid it.
if you need a safe haven from crypto try your bank account not USDT

[btc-facebook]

USDT is extremely unsafe and if you hold it you are putting yourself at big risk my suggestion to you is to avoid it.
if you need a safe haven from crypto try your bank account not USDT

That is the point of view that you use that the USDT or even the whole crypto is not safe, because it has the potential for hacker attacks.
but if we look at the fluctuating crypto price, the USDT is the best choice and is very safe to use so that our asset prices do not fall.

[awik p]

USDT has been stable for more than 4 years, it has been showing stability all the time, personally I use taking profits on exchanges in connection with an unstable situation. USDT helps me a lot in this.

Without the majority's preference, USDT would not have been ranked in the top ten. It is obvious that it creates convenience for traders but we always have the question of whether or not it will continue as it is. Once you already trade with a lot money, you do not have much choice. Choosing one of the stabe coins will charge less fee.

Well, the company printed USDT like crazy and also USDT is listed on so many popular exchanges. Knowing that, USDT ranked among top ten is to be expected.
If we are talking about the safety I'm pretty sure that there's no cryptos that have absolute safety to offer even it's USDT there's still a chance that the company could go bankrupt or doing exit scam any time. I'd only recommend to people, if they are willing to exchange their money to USDT just take a few steps and convert the USDT to real money and transfer to your bank account. That's the safest way to go.

right, indeed exchanging it on fiat currency is the safest way, usdt is a stable coin, but we need to be cautious about it, especially if it is entered into a bank account. there is no guarantee of security in cryptocurrency, especially since not many countries have adopted it, this makes there is no legal guarantee on crypto

[MCDev]

Of course it's safe. USDT is a stablecoin and its price will never fluctuate too much. It is safe altcoin for us every time the market collapses

[tenakha]

USDT is the most used stable currency, you can perceive it as security if you wish. I stay away most of the time, and I suggest you be like that if possible. It is useful but no one can give you full guarantee.

if you want to hold USDT long term be careful.

I do not think anyone wants to hold USDT for a long time. What good would that do? instead he pays a few more USD but keeps his money more secure.

[weidex]

It is very unclear if they have one dollar in a bank account for each Tether that they issue. Tether never got around to releasing audited financial statements proving that it had the dollars. We cannot be sure if this 1:1 ratio is real.

[Bim abk]

Of course it's safe. USDT is a stablecoin and its price will never fluctuate too much. It is safe altcoin for us every time the market collapses

USDT in my opinion can be used to simply save money used for investment in other crypto. I used to make USDT as a safe fund before I invested in other crypto plus usdt is one stable currency so i think it's better usdt because i use it often

[Kupid002]

Who guarantee it's safe? Everything can happen in crypto also. good luck with your choice!

Cryptocurrency always unpredictable platform but if you are not a risk taker so that place is not for you. Tether (USDT) is the highest trading volume according to coinmarketcap. Make sense how much people using it. I think it’s very safe because a big number of people using it. USDT printed version released a lot of times. So, don’t panic regarding this issue. You can imagine this one now top 4 coin in CMC and marketcap over 4 billion USD.              

Its safe in term volatility. Tether is only use  to easily convert your bitcoin to $ before widrawing it to fiat. You will not be affraid about price since the price is stable in 1$ each USDT.

Not new to see tether to be in the top and one of the token with highest volume trading since there are many people using it in trading.

[wywoc]

Tether has been around since 2017, and has experienced a lot of FUD and volatility so far, but it still stands and keep the No. 1 position of stable coin in the market. So we can trust it, especial when they use Tron and Ethereum chain to reduce fee.

Well, apparently the FUD presented by Twitter user @Bitfinexed, is mostly hot air. There is a grain of truth in what he said but it is not something to worry about. In fact, I believe it was not Tether's fault that the dollar backing went to 85%. I think it was the state of New York.

Yes, almost of FUD came from Twitter and I saw very little official news from Tether. It's all about whether Tether's USD backed money is transparent. But one thing is undeniable that USDT is one of the most important factors that helped BTC price and crypto market grow strongly in 2017.

[Vishnu.Reang]

Personally, I am rather concerned about FUD around Tether and news telling that USDT is not backed by real US Dollars, so I prefer to use trusted stablecoins like TUSD and PAX.

If you can't trust Tether (USDT), then how is it possible to trust the other stable coins such as Pax and True USD? As far as I know, none of these stable coins have agreed for a third party audit of their USD backup. I am not going to trust a single one among these coins. USDT and PAX are only good for trading. It will be a mistake to hold them as investment.

[jajorforce]

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?

Coinmarketcap was plummet, so Tether is rising to four position. Tether is now fourth largest market cap in cryptocurrency with 4.135 billions USD. When market is starting to plummet, stable Coin can safe your investment. Tether, TUSD and Binance USD is safe as stable coin.

[boltz]

For now , USDT is super safer as its volatility is super low and the risks involving it are are at low rates. In time this could change as there are always rumors and news about Tether not being back up by real USD but most of the traders prefer to keep their funds there until they make another investments.
Holding USDT for a long period of time could damage your investments plans because you won't gather gist profits and don't forget that USDT tries to match USD at 1:1 exchange ratio.