Tether vs True USD?

[miguelau]

Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance 

[batang_bitcoin]

I don't use stable coins but whatever you use to them, they're both fine. You may want to consider other stable coins too.

• USDC
• GUSD

-- they have currently experiencing a problem

[muslol67]

Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance 

I don't trust this two but if I should pick one of them, It would be definitely Tether. Tether is first of its kind. And it was usefull for bear market.

After USDT one by one many coins has came. TUSD, PAX, Gemini USDC... Why we need that? Tether was enough.

[casperBGD]

Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance 

it is easier to keep USDT, since it is easier to convert USDT to any kind of crypto, then always convert to fiat and convert back afterwards

[belli4388]

on a personal level i prefer true usd even if it seems that has already done a split / swap but only because it is on the blockchain of eth, however there are also other stable coins to consider (usdc)

[LUGHUL]

Tether had shown that he was a stable coin. When all the crypto prices dropped, Tether was the only stable coin. So I think it would be better to choose Tether, because we will easily exchange tehter with other crypto.

[mindrust]

Neither.

These are centralized projects not different than your steam balance.

If you want to save USD, get yourself a bank account and keep them there.

If I had to use one, I would go with tether but that's not because I trust them, it is because they have a longer history than the others.

[indriasyifa]

the price is true USD and Tether tends to be the same, but I see true usd is more promising than tether, if I am in your position, I would choose to invest my money in True USD, because the graph follows usd prices. so that the risk conditions of the speculative cryptocurrency will be slightly controlled.

[BitcoinHodler]

neither!

if you want to have something that can keep its value then go back to fiat, real USD is the only choice. anything else is considered a highly risky and volatile altcoin even if currently their prices may seem stable.
not to mention that these tokens are centralized and if anything happens to the company behind them (like Bitfinex company scamming) the token you bought (like Tether) would tank to zero in less than an hour.

[pat4cryptoreal]

If you really need what is entirely risk free at any time it is the true USD that is the best. Though Tether have proven to be reliable for some time.

[novusordo]

Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance 

I don't trust this two but if I should pick one of them, It would be definitely Tether. Tether is first of its kind. And it was usefull for bear market.

After USDT one by one many coins has came. TUSD, PAX, Gemini USDC... Why we need that? Tether was enough.

No, we need more stablecoin in this market to make the market more competitive and make it more stable. Just like we were too dependent on USDT and its price was easily changed

[Awesomus Maximus]

Stable coins work fine until they don't work any more. It is just a matter of when, not if, they will fail. And when they fail, they will fail strong. And when they fail, you don't want to have your money with them. What I want to say is that you are taking a risk every time you convert your crypto to stable coin. On the other side, you are taking a risk every time you send your crypto to an exchange as well. It is risky either way. I would choose USDT and pray it will remain stable during the time I need it.

[tamango]

I really don't understand why people will use stablecoins...they are not so safe as they seems and if you want a pegged coin I think the safest option is still to convert crypto to fiat.

[hummer113]

I would not advise to use the stablecoins in the long term, they are convenient to trade but no more.

[beachbummer]

I would not advise to use the stablecoins in the long term, they are convenient to trade but no more.

Yes, agree with this statement as fiat-pegged stablecoins are probably good for parking your coins for a short period of time before going back into the market. If the purpose is to hold the fiat-pegged stablecoin for a long period of time, it will be better to just hold on to the fiat currency.

[as9ardia]

I think both are same, both are stable coin, the price on stable coin usually not too significant changes , following the prevailing fiat rates. but if possible to give some advice, it would be better to use non-stable coin for long term trade.

[bangkecol]

I prefer to use USDT(Theter) . this coins is the first stable coin in the cryptocurrency.
This coin has listed on the top big exchange like binance.

[cryptoman87]

Imho, there is no matter which stable coin to use. All of them are safe and its anyway better to fix your profit in fiat rather in BTC/alts.

[Saint1990]

There are plenty of option now a days to take advantage of stable coins such as TUSD, PAX, USDT, USDC, GUSD, HUSD, DAI, USDS etc. Before choosing stable coins following points should be taken care of :-
1)Transparency — How transparent is the system? Does the system rely on the trust of a central actor? If so, are the procedures to view the inner-workings of that central system reliable?
2)Auditability — Can everyday users audit the systems financial fundamentals. Can the collateral be confirmed?
3)Stability Mechanisms — Assuming regular market operations, what factors keep the coin stable? Are they algorithmic based? Collateral based? Fiat based? What are the strengths and weaknesses of each system?
4)Fallback procedures — In the event of a failure in the particular system, how stable are the underlying assets. Do protections exist to return users funds?
5)Scalability — Can the system grow to support a broad ecosystem?
Source :- https://medium.com/makerdao/part-3-the-strengths-weaknesses-of-stablecoins-62f13b592e3f
Read this post also it will give you more knowledge about Stable coins
https://medium.com/makerdao/part-1-why-stablecoins-matter-3b273e1c529e
https://medium.com/makerdao/part-2-a-primer-on-dai-3b6d1506fa83

Out of Tether & TUSD i will  choose TUSD because they provide monthly Audit reports of account holdings Where as we usually get news about tethers questionable audit quarterly which does not look safer to me.

[trash321]

Among such projects, I can confidently highlight the USDT despite all the doubts of people who have already arisen. Because they still can not conduct an audit of their project. I think that he will not appear.