Is USDT Tether safe?

[tippytoes]

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.

From the time when they admitted that they are really not fully backed by what they are claiming to have, I started not to trust this stable coin. It is like you are dealing with a stable coin that at anytime it will collapse. They should have been honest about their true assets to begin with. Now, are you really sure they are saying the absolute truth about their holdings? So just be careful in holding this for so long, you have no assurance if they can keep what they are supposed to be as stable coin.

https://www.newsbtc.com/2019/04/30/crypto-community-reacts-to-tether-admitting-usdt-not-fully-backed/

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

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1713580237

[leea-1334]

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.

Tether is basically like a corporate version of US dollars, both have no supply cap, and both keep printing as much as they want to improve liquidity,,, basically just a form of saying, if we need more, let us make more of it. They say they have audits and I have looked at one or two but none of it is transparent. So against the concepts of crypto these guys.

[pakhitheboss]

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.

Tether is basically like a corporate version of US dollars, both have no supply cap, and both keep printing as much as they want to improve liquidity,,, basically just a form of saying, if we need more, let us make more of it. They say they have audits and I have looked at one or two but none of it is transparent. So against the concepts of crypto these guys.

Just read an article about the amount of stable coin most of the exchanges have and if stable coin is banned these exchanges will be in big loss. So the days of stable coin will be over and no more corporate coins in the future.

[disconnectme]

I can't say the coin is safe because as we can see government can come in and freeze their account. One thing I know is that people do not give Tether enough credit for the good they are doing in the space, we are people going to hid in time like this,moving in and out of the space would have gave more power to banks but Tether provide that safety in time of panic and I believe Tether is set to over take ripple in the third position on CMC. There is no stable coin in the space that compares to USDT none and is still growing strong, we need stable coins to be successful

[Nancyo]

Tether is safe to some extent especially when the crypto market is going through bearish season, majority of the people tends to tether in other to stop them from loosing much and so far it has been of great help. I have used USDT for a while now and it hasn't disappointed. But the main thing to understand is to always follow the thrend in Crypto i. e don't tether when there is Bull run

[Vishnu.Reang]

Today I noticed that the circulating supply for Tether has increased very significantly. A few backs back, the total market cap for USDT was somewhere around $4.5 billion. When I checked coinmarketcap today, they were displaying a figure of around $6.4 billion. This sudden increase makes me even more suspicious. I have never trusted Tether, especially after the USDT-Bitfinex scandal.

[Alohadanc3]

For me it's yes. I use usdt and I used it for long time. But there were many talk about tether and many gud. But it's the most popular and most used stablecoin in the market. Cause people are using it. So it's okay to me to go with usdt. But if you think it's not safe then chose others there are lots of stablecoin available. And you also can devide your asset and can use 3 or 4 stablecoin tooo.

[gensol]

No it is not safe. This is a stable coin which we have no knowledge of what it's being backed with. Thees always a new print of the currency what drives its supply?

[Slingshot]

To me usdt is the best and safest in general, it's what aist everyone relays on. No matter how bad market is, it's a coin everyone trusts and believe it won't dump like others. Usdt is a coin I can buy and sleep without having to panic or look back. I love the coin and can't compare it because if it's stability .

[Inosend]

I believe it is, although have not done due diligence on it but most of the exchange like Binance and some other popular crypto have adopted this coin so I think it's safe at the moment

[mich]

Tether USDT jumps past Bitcoin Cash with market cap now challenging Ripple

Just two years ago, Tether’s market cap was around 2.5 billion dollars. Now, the asset’s market cap is over 6 billion and closing towards the third-largest cryptocurrency XRP which has a market cap of 8.4 billion dollars.

https://www.cryptopolitan.com/tether-usdt-market-cap-crosses-bitcoin-cash/

[Moeda]

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 think no matter how much USDT is printed, it has no effect on other coins. This only affects the Tether coin, because the volume has increased. Every 1 USDT printed, it will add $ 1. If they print $ 1 billion USDT or Tether, then the same as they already have $ 1 billion dollars. This is very different from other coins. Other coins are very dependent on demand.

[SanZoldyck]

In my opinion, this is safe, because USDT is a stable coin that keeps the price of the coin stable and moreover, large exchanges such as binance and coinbase use it to exchange coins that have just entered the exchange

[freigeist]

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 think no matter how much USDT is printed, it has no effect on other coins. This only affects the Tether coin, because the volume has increased. Every 1 USDT printed, it will add $ 1. If they print $ 1 billion USDT or Tether, then the same as they already have $ 1 billion dollars. This is very different from other coins. Other coins are very dependent on demand.

So lets see. If they print USDT from thin air and put on market it does not affect other coins you say.
And what will happen if they use this thin air money to buy bitcoin or any other coin?
Will the price of bitcoin rise?

What you can't see here is the market is manipulated with that stable shit which they can print out of thin air
so is bankster model 2.0 same as FEDs but in crypto sphere.

[freigeist]

Btw for all of you that thinks this stable shit is secure maybe reading this article will open your eyes
and make you rethink your views.

https://www.coindesk.com/the-stablecoin-surge-is-built-on-smoke-and-mirrors

[Em00n01]

I think using tether is not safe. I have heard many times that tether is not backed by real doller. So there is always risk. I use it only for short term trade.

[BitcoinVN_News]

Vietnam's oldest Bitcoin Exchange BitcoinVN enables USDT (Tether) for purchase / sale against Vietnamese Dong (VND).

Tether demand and market cap (close to about 10bn USD) has grown tremendously over the past several months, according to the stats collected by the BitcoinVN OTC trade desk over 80% of OTC deal volume is now conducted in USDT/Tether, while about in summer 2019 the trade volume saw Bitcoin ahead with about 60%; followed by USDT (25%) and Ethereum (ETH) at about 15%.

---> https://news.bitcoinvn.io/tether-usdt-now-available-on-bitcoinvn/?lang=en

[Gayong88]

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?

One of the supporting factors for bitcoin price increases and there are still many that influence it and for accurate predictions it is still not 100% accurate.

I think to keep the USDT safe always read developments in the dictation of market changes and speculation.

[torrantz]

I think using tether is not safe. I have heard many times that tether is not backed by real doller. So there is always risk. I use it only for short term trade.

Using tether certainly involves some risk, even if the dollar reserve is there and transparently announced you don't know whether the USDT could really be traded for dollars unless you try it yourself by going to their company or contacting them trying to exchange your usdt to real dollars, but atleast they are now too big to make it quite hard for them to just make some silly moves.

[blockchaincroatia23]

of course it's safe it's stable coin