Is USDT Tether safe?

[Anonymous100]

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?

But in the world economic system, the more dollars printed, the lower the exchange rates of other currencies. Likewise with Bitcoin, the more USDTs printed, the lower the value of BTC. Because the exchange rates of all currencies, including BTC, are in dollars. Whereas USDT is equal to Dollar value. But economists are more understanding about this.

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[Jannyh]

I honestly think tether is safe especially when you want to convert and retain the value of your fund,it can keep it safe,there will be no addition or loss though. The only disadvantage is that you no longer grow your fund even when there is a moon. It remains static just as you have left it

[Chuky92]

From experience and as well as I can remember, I have not see anyone complaining of Tether in whichever way, traders are okay with it, those who wish to hold as a result of bear market are still okay with it. To me, I still use USDT till today and there have been no issue whatsoever and being stable is enough reason to use it against bear season. Also, apart from users, exchanges are still utilizing it till date, that also shows all is well with it.

[ATSgrowth]

USDT is closely connected to Bitfinex and Bitfinex is well known for its shady activities, there are theories that thanks to this asset (probably not really backed by dollars) they caused a bull run in 2017. So if you would like to use stable coin, rather use Gemini or USDC. 

[doctor877]

Usdt is just to serve as an alternative and as safety. Although people have seen it to a skeptical means which are used to pump virtual money into crypto. It has served it's purpose which it was created for.

[bttmember]

What exactly are your reservations about USDT? And why have you asked about it in a suspicious manner i mean if this was scam or bad it would never have been the largest fiat backed token to be traded, i mean you can check cmc usdt has the largest volume and the most number of trading pairs among all the usd backed tokens.

[mich]

Tether Becomes Second Crypto to Launch on Blockchain Futures Platform

As the volume of Bitcoin (BTC) derivatives trading continues to rise, the cryptocurrency industry keeps tapping more crypto markets, like stablecoin Tether (USDT), for futures trading.

https://cointelegraph.com/news/tether-becomes-second-crypto-to-launch-on-blockchain-futures-platform

[irixo10]

Tether is safe at least to the best of my knowledge because ever since I have been using it there have been no issue. I trade with it, I store it etc and no problems till today. Also, USDT is a good stablecoin from a good exchange which is also used in other cryptocurrency exchanges, so from my own understanding, I see no issue about it or why its genuineness should be questioned.

[adekogbe]

USDT is the 1st usd backed crypto coin and for that reason it will always remain high on the list of USD based coins.
But in the past, it has come under some scrutiny as regards official claims of bitfinex
So i still prefer TrueUSD or BUSD i.e binance USD coin because binance has proven itself over & over again to be reputable and a pace setter in the crypto market.

[Hellkas]

I don`t think that this coin is absolutely safe, but it`s one of the most stable coins and I reckon that people can use it if they want do nothing on market in this economy situation, but I still prefer common fiat dollar to USDT

[bgaf]

USDT is the 1st usd backed crypto coin and for that reason it will always remain high on the list of USD based coins.

Not so sure if its really backed up by USD maybe those are their words but not from the US government. As far as I know they arent supported. So be careful, it is own by Bitfinex, so this still falls on hands of a private entity. No crypto has ever been backed up so far except those stablecoin. Also it will not change its stance for now.

I don`t think that this coin is absolutely safe, but it`s one of the most stable coins.

Yes it is not totally safe so better to trade them as long as you need. We never know, it is owned by private company and whatever happens to them will likely affect the tether. Bitfinex has a lot of issues regarding tether and so far they didnt have any good response to some issues.

[Lantind]

I don`t think that this coin is absolutely safe, but it`s one of the most stable coins and I reckon that people can use it if they want do nothing on market in this economy situation, but I still prefer common fiat dollar to USDT

You might be a little wrong, because a stable coin is absolutely safe to use, both for storing assets and for other things, and between fiat dollars and USDT is actually equally valuable and the value is the same between the two.

[CryptoBik]

Well, at the moment this is the only way I think it’s possible to store funds. Well, in rubles, I certainly would not). Although hearing about the endless print of dollars makes me think and get a little nervous. Actually for me this is also a difficult question.

[mich]

Biggest Winner in Crypto Crash Is Most Controversial Coin

While crypto bellwether Bitcoin’s market capitalization has shrunk 37% since mid-February, Tether’s increased by 38%, or nearly $2 billion, according to researcher Messari.

https://www.bloomberg.com/news/articles/2020-04-01/biggest-winner-in-crypto-crash-is-most-controversial-coin

[jonatha28]

I don`t think that this coin is absolutely safe, but it`s one of the most stable coins and I reckon that people can use it if they want do nothing on market in this economy situation, but I still prefer common fiat dollar to USDT

Agree with you that USDT is not really safe, its price may collapse if there is FUD like in 2019. But you may be a little confused about USD and USDT, basically both are the same together. The exchange rate between USD and USDT is always equal because USDT is guaranteed by USD

You are partially right. It is guaranteed - yes, but is it guaranteed by the same company as exchange service where USDT is sold - also yes.
We can't know this, but there is a slight chance that usdt will collapse.
I personally think it won't happen anytime soon

[Btc_1856]

I don`t think that this coin is absolutely safe, but it`s one of the most stable coins and I reckon that people can use it if they want do nothing on market in this economy situation, but I still prefer common fiat dollar to USDT

Agree with you that USDT is not really safe, its price may collapse if there is FUD like in 2019. But you may be a little confused about USD and USDT, basically both are the same together. The exchange rate between USD and USDT is always equal because USDT is guaranteed by USD

Agree, in 2019 we have seen some negative rumors about the USDT coin, but later again the price of coin start reaching to the same value. Of course, now we are seeing there are many other stable coins which recently Binance exchange has been launching the stable coins.

[Reatim]

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?

Though Tether is continuously positioning at rank number 4 yet the price remaining at 1$ so maybe the safe thing is indeed if you can wait for much even longer time from the investment period?

Well, at the moment this is the only way I think it’s possible to store funds. Well, in rubles, I certainly would not). Although hearing about the endless print of dollars makes me think and get a little nervous. Actually for me this is also a difficult question.

yeah the news that US is creating more Dollars now means the low opportunity of profits for now.

but for tether supporters?time can will come but not this soon,also the economic crisis is hindering everyone to make a good ROI these year.

[mich]

Tether Market Cap Soars $2B Since March- Biggest Monthly Inflow Ever

While Tether (USDT) is currently the most popular stablecoin by far when it comes to trading volume and market capitalization, the latest Exchange Review from CryptoCompare shows that other stablecoin projects such as USD Coin (USDC), Paxos Standard (PAX) and TrueUSD (TUSD) have gained modest ground in the last few months, reducing USDT’s market share in monthly Bitcoin (BTC) volume traded into stablecoins from approximately 98% in July 2019 to 92% in March.

https://cointelegraph.com/news/tether-market-cap-soars-2b-since-march-biggest-monthly-inflow-ever

[Paycoinzzz]

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 prints of the whales are one of their plans. I remember that once USDd was printed an additional 300 million and the price of bitcoin dropped from $ 10k2 to $ 3k7 in just 3 days. The whale's money-making move is very unpredictable, don't trust what it's doing.
About USDT, I do not believe it is one of the reputable stable money funds. whales are constantly making money without worrying about inflation. Sooner or later this is a scam coin and you should be careful in storing it too much.

[maruf01788]

My opinion USDT is safe. Many people trading with USDT for easy profit. In coinmarketcap USDT rank is 4. Personally i have using it for short times. I suggest don't hold your usdt for long time.