Is USDT Tether safe?

[TriplexXx]

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?

Of course, there are many accusations against Tether. we can't ignore that but Tether is supported by all major cryptocurrency exchanges such as Poloniex, Bittrex, Kraken, Binance, Houbi, Bitfinex, OKEx, KuCoin and many other cryptocurrency exchanges. If Tether is not safe why would these major cryptocurrency exchanges support tether? 

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[gaston castano]

tether is a stable coin and it is the most widely used coin now, I mean we can see the turnaround in 24 hours over the bitcoin cycle.
so I think it will be safe even if they print more. Traders also use it to secure their assets when the market goes down.

[ChrisPop]

Tether is definitely not safe and I don't recommend anyone to use it. Of course that it is convenient to do so, but you should only do it for fast transactions. After all USDT stability is controlled by a shady centralised third party. Can you trust it? That is up to you, but I won't put my money in hands of a company that generated so much buzz about it. And errors like generating 50 million USDT instead of 5 and things like that..

Just to be on the safe site you should at least use a licensed exchange like Gemini.

[TinaK]

USDT is the one of the high volume contained cryptocurrency which hold the stable value. I believe most of trader holds the funds on their exchange in the form of BTC and USDT only.
When there is growth for non stable currencies also this one always stay stable in the marketplace.

[Emperor of Man]

Tether is fine, but I dunno why every once in a while a FUD campaign raises against it, and really, there's a probability that someday this thing damages the trust of people and your investment suffers. It already did it once, but thankfully USDT survived it.

If you want to hodl it for short time it's okay. For long time keeping I'm not sure though...

[Almasani]

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?

Tether is one of the coins that have a stable price. Tether was created to replace USD in the cryptocurrency. Tether prices must be kept stable, must not increase or the price down. The Tether must also be well maintained because Tether is at risk in the USD value. I think the team's hard work is the most important thing on Tether coins, so you don't need to doubt the safety of the Tether coins. In terms of price, Tether coins are stablecoins, if they print 10 times what they are now, they are still based on the value of USD.

[ivaf]

I think using USDT is safe. Are you not going to keep funds there forever? As a rule, USDT is used to wait out market instability, or to withdraw funds.

[alan2here]

Tether is fine, but I dunno why every once in a while a FUD campaign raises against it, and really, there's a probability that someday this thing damages the trust of people and your investment suffers. It already did it once, but thankfully USDT survived it.

If you want to hodl it for short time it's okay. For long time keeping I'm not sure though...

I think this problem occurs every year and every time there is news related to Tether will make this market price increase. In my opinion, the USDT inflation has now been resolved and the purpose of USDT is definitely to make the market better in the near future. I personally prefer to hold USDT as this is the only way for me to know for sure my profit in this market and it is worth as much as Fiat.

In fact a lot of people want to overthrow this stablecoin but USDT is the only coin that can cause Bitcoin to rise in price.

[Vitamin_52]

Tether is fine, but I dunno why every once in a while a FUD campaign raises against it, and really, there's a probability that someday this thing damages the trust of people and your investment suffers. It already did it once, but thankfully USDT survived it.

If you want to hodl it for short time it's okay. For long time keeping I'm not sure though...

I think this problem occurs every year and every time there is news related to Tether will make this market price increase. In my opinion, the USDT inflation has now been resolved and the purpose of USDT is definitely to make the market better in the near future. I personally prefer to hold USDT as this is the only way for me to know for sure my profit in this market and it is worth as much as Fiat.

In fact a lot of people want to overthrow this stablecoin but USDT is the only coin that can cause Bitcoin to rise in price.

Why overthrow if it is now so indispensable and won great demand from the holders. It is a pity that there are not enough coins, to increase the content of all usdt coins once in 10 and then some stability would be formed in the market.

[BlacksmithCorporation]

The current Tether is still very safe because nearly all of the exchange platforms are listing USDT, but it is facing competition from other stablecoins that have more transparency like TUSD, USDC, PAX. Even exchanges also launch their own stablecoins like USDK of OKex, HUSD of Houbi. What if the big exchanges left USDT?

[prehisto]

I am still not convinced that USDt is safe. As far I have red, they havent proved their legitimacy.
We have only seen negative proof in media and forums about their impact , they are very secretive and have been for years this indicates that there is shady bussines going on behind the curtian.

[Marble777]

as far as I know USDT or Tether is a stable and rising coin and the fall in the price of this coin depends on rising dollar prices. so I think if you want to invest safely about the value of your investment, like USDT coins or Tether is a good coin for your choice.

[loop3]

The only real question you should ask about tether is: do they have the $ they represent with their token?

On web archives you can see in 2016 they claimed to have, and I think at the time they probably held atleast 90% of value represented by the token.
2016: "Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USD₮ is always equivalent to 1 USD."
In 3 short years they learned some traditional banking tricks, and this is what their website now states:
2019: "Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”)."

So basically they have a safe full of IOUs, that all probably look something like an unsigned piece of paper saying "Bitfinex owes tether 1 billion $".

You could argue that this works because there is trust in the system, and banks do the same anyway... but the major difference is that the STATE will bail out a major bank in case of a disaster and will protect its clients.
Will Bahamas bail out tether when shit hits the fan?

[XMRD]

I am still not convinced that USDt is safe. As far I have red, they havent proved their legitimacy.
We have only seen negative proof in media and forums about their impact , they are very secretive and have been for years this indicates that there is shady bussines going on behind the curtian.

prehisto check the new stablecoin Monero Dollar (#xmrd) which is a secure, decentralized, private, untraceable Stablecoin https://bitcointalk.org/index.php?topic=5214640.msg53512987#msg53512987

[Youghoor]

The safety of every cryptocurrency depends on how you the user keeps your wallet.  So far as your wallet has good secure security protocols, your  crypto coin is safe. USDT is safe in terms of avoiding reduction in the value of the capital you used to purchased the coin. USDT has no volatility compared to bitcoin. In terms of value, USDT is very safe.

[Omega Weapon]

The safety of every cryptocurrency depends on how you the user keeps your wallet.  So far as your wallet has good secure security protocols, your  crypto coin is safe. USDT is safe in terms of avoiding reduction in the value of the capital you used to purchased the coin. USDT has no volatility compared to bitcoin. In terms of value, USDT is very safe.

But that is just one way to look at the issue, you are relying on a centralized party to back those coins with as many dollars, and during the past years there have been huge doubts about whether or not there is one dollar for every unit of tether and if for some reason people lose the confidence in that stable coin its value is going to begin to go down and most likely it will never recover and that is going to severally affect the price of most cryptocurrencies in the market especially bitcoin.

[alan2here]

The safety of every cryptocurrency depends on how you the user keeps your wallet.  So far as your wallet has good secure security protocols, your  crypto coin is safe. USDT is safe in terms of avoiding reduction in the value of the capital you used to purchased the coin. USDT has no volatility compared to bitcoin. In terms of value, USDT is very safe.

USDT is considered a Fiat in this market and the coin is only maintained at $1 so there is no risk if you choose to hold. As I know, almost all big coins use this pair and the demand for USDT is huge, so this is the best option to know exactly your current profitability. Beside, you can exchange USDT to your national currency at any time if you want.

In addition, you can also consider holding TUSD or USDC because these are also two very good stable coins and can help you a lot in investing.

[Duncan.Idaho]

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 AM LEGEND
material here

Tether nears $5 billion today, and no reasonable audit of actual $ yet produced.

[X-ray]

Tether is fine, but I dunno why every once in a while a FUD campaign raises against it, and really, there's a probability that someday this thing damages the trust of people and your investment suffers. It already did it once, but thankfully USDT survived it.

If you want to hodl it for short time it's okay. For long time keeping I'm not sure though...

They are rumoured to recklessly print USDT while not having reserved fund though it's just a rumour but it will be better if they could prove the rumours wrong by auditing their reserved fund. The massive pump back then was rumoured to happen because tether printing massive amount of USDT aswell that's why some people are against this stablecoin because they think it's shady and untrustworthy. but unfortunately that accusation lacking the proof. I'm more in a neutral position though and rarely use that stablecoin.

[fuer44]

in my opinion the usdt price tends to be stable, and I think it's safe and if we pay attention, the price chart of usdt is almost similar to the american dollar. so I think it's safe to keep.