Whats Guarantee That USDT Wll Always Stay Pegged To USD

[alexey14]

1- Whats Guarantee That USDT Wll Always Stay Pegged To USD?
What if 1 day bank block USDT Company money account?
2- I want Hold 80K$ in USDT, Is it safe? If no, what is my best option?
Because every time I change my money to fiat I have to pay a BIG fee, So I dont want to change my money to fiat, But Im not sure If USDT is safe? BTC is unstable also, Whats my best option?

[e@symode]

Probably you have not thought about the globality of the whole cryptocurrency world, but from my point of view, guarantees are definitely not just cryptocurrency at the moment. Maybe in the future it will be so, but not now.

[ChiNgadOr]

the fats answer is : Nothing!!  there have been many doubts regarding the all so named stable coins.. if you want a stable coin backed by dollar.. then go and buy dollars! the rest is really dangerous.. Tether for example has received subpoenas regarding all this matter.. shaddy practices.. keep care!

[taratorly]

1- Whats Guarantee That USDT Wll Always Stay Pegged To USD?
What if 1 day bank block USDT Company money account?
2- I want Hold 80K$ in USDT, Is it safe? If no, what is my best option?
Because every time I change my money to fiat I have to pay a BIG fee, So I dont want to change my money to fiat, But Im not sure If USDT is safe? BTC is unstable also, Whats my best option?

There is no guarentee! Especially for Tether! Tether has made doubtful announcement about reserve over the past few weeks. But some other stable coins shared their reserves in a transparent way.

[carter34]

Tether for example has received subpoenas regarding all this matter.. shaddy practices.. keep care!

  This seems like funny to me. Subpoena is a legal term where someone is made to appear before a court of competent jurisdiction, most times against there will.  so I'm trying to understand your intent or who is issuing subpoena to tether 

[jrrsparkles]

1- Whats Guarantee That USDT Wll Always Stay Pegged To USD?
What if 1 day bank block USDT Company money account?
2- I want Hold 80K$ in USDT, Is it safe? If no, what is my best option?
Because every time I change my money to fiat I have to pay a BIG fee, So I dont want to change my money to fiat, But Im not sure If USDT is safe? BTC is unstable also, Whats my best option?

1.Literally there is no guarantee that value of USDT will always same as USD,so you are holding a centralized crypto on your own risk.

2.It is never safe to hold coins like USDT for long time there are some other stable coins like USDC are also available but still not good to hold as it is,you should hold them in bitcoi and if you are long term holder that $80K will turns into $800K in few years.

[el kaka22]

1- Whats Guarantee That USDT Wll Always Stay Pegged To USD?
What if 1 day bank block USDT Company money account?
2- I want Hold 80K$ in USDT, Is it safe? If no, what is my best option?
Because every time I change my money to fiat I have to pay a BIG fee, So I dont want to change my money to fiat, But Im not sure If USDT is safe? BTC is unstable also, Whats my best option?

The guarantee that this people have talked to exchanges to always peg their coin to the dollar, because from the initial state, usdt told us that they had a reserve where funds are kept and this reserve is used to make sure that the price of the coin remain pegged to the dollar, though what they failed to do is to show us a proof that this reserve actually exist, I had a news recently that they have deleted the post they earlier made of the coin being pegged to the dollars.

Could you please explain your reasons for holding USDT ? Are you trying short way of trading by selling bitcoins now and by holding usdt to buy back bitcoins for cheaper prices ? That must be a good idea still there will be no guarantee that usdt's bank account will not be frozen by tomorrow itself. Hence, my advice to you is, convert back as early as possible .

[bigcash2011]

I will recommend you to hold that such of money in eth and btc especially when they are cheap around these levels, just imagine they just reach the level of their all time high prices you will have earned 5 to 10x profit which is huge and if you stay in fiat or even in usdt that will not bring you any gains at all.

[elitemobb]

There are no special guarantees. In the light of the latest news, its rate is not supported by anything and the price is kept on the authority of the dollar. But I will tell you one thing that this token will cost as well so it will remain stable coin.

[Averim]

1- Whats Guarantee That USDT Wll Always Stay Pegged To USD?
What if 1 day bank block USDT Company money account?
2- I want Hold 80K$ in USDT, Is it safe? If no, what is my best option?
Because every time I change my money to fiat I have to pay a BIG fee, So I dont want to change my money to fiat, But Im not sure If USDT is safe? BTC is unstable also, Whats my best option?

There is no guarantee what so ever in the crypto market, but i don't believe it will vanish from the market. Investing large amount of money in a smart way is to use small amount of money in various coins.

[ivaf]

1 - USDT will not always be pegged to the dollar. If you missed the latest news, then Teter has already made changes to the reserve policy USDT tokens.
"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" - https://tether.to/

2 - No, it is not safe. Better pay a commission and convert to dollars.

[Adriano2010]

There is no guarantee, and i think no one can guarantee that stable coins like USDT, TUSD, USDC or another will be always pegged to USD, and i heard that USDT is created to use and some negative news about it and maybe something wrong can happen with USDT in future.

[Xardasim]

USDT is the most demanding stable money and I think reliable. Also, you can investigate dozens of stable currencies on the market and one of them may suit your requests. If they do not satisfy you, you should pay "BIG" fees.

[pixie85]

1- Whats Guarantee That USDT Wll Always Stay Pegged To USD?
What if 1 day bank block USDT Company money account?

Nothing guarantees it. They used to say they have all the dollars that are released as usdt but they lied and don't have 100%. What's stopping them from making more?

2- I want Hold 80K$ in USDT, Is it safe? If no, what is my best option?
Because every time I change my money to fiat I have to pay a BIG fee, So I dont want to change my money to fiat, But Im not sure If USDT is safe? BTC is unstable also, Whats my best option?

The best option is to buy bitcoin and hold in your wallet outside of the exchange. Bitcoin is unstable but it will go up in value as the bear market comes to an end. We are already in the longest bear market in history and not far from another halving.

[bartusv]

There is no such as 100% guarantee, even with banks. Tether is backed 100% by $ or "other assets' that is
how it is now. In the future it can change. That is a centralized solution and that is not I am a big fan of.
Would be nice to have a  strong, decentralized stable coin working on  the principle like DAI  does.

[TimeTeller]

1- Whats Guarantee That USDT Wll Always Stay Pegged To USD?
What if 1 day bank block USDT Company money account?
2- I want Hold 80K$ in USDT, Is it safe? If no, what is my best option?
Because every time I change my money to fiat I have to pay a BIG fee, So I dont want to change my money to fiat, But Im not sure If USDT is safe? BTC is unstable also, Whats my best option?

The guarantee that this people have talked to exchanges to always peg their coin to the dollar, because from the initial state, usdt told us that they had a reserve where funds are kept and this reserve is used to make sure that the price of the coin remain pegged to the dollar, though what they failed to do is to show us a proof that this reserve actually exist, I had a news recently that they have deleted the post they earlier made of the coin being pegged to the dollars.

Could you please explain your reasons for holding USDT ? Are you trying short way of trading by selling bitcoins now and by holding usdt to buy back bitcoins for cheaper prices ? That must be a good idea still there will be no guarantee that usdt's bank account will not be frozen by tomorrow itself. Hence, my advice to you is, convert back as early as possible .

This is quite disturbing. Are they starting to wipe out the traces of their previous statements?
So people have no proof that they ever stated that USDT's value is pegged to USD.
But anyhow, USDT is still an altcoin, so the likelihood of being not stable is always there.
The OP should be smart enough and try to look for other best options for him.
Maybe, buy bullion of gold instead. Or better stay in BTC. Though it is unstable, yet, it already established its position in the crypto market.
But all up to you to decide on this matter. We are talking about your money here. So the final say, is yours only.

[marks1976]

1- Whats Guarantee That USDT Wll Always Stay Pegged To USD?
What if 1 day bank block USDT Company money account?
2- I want Hold 80K$ in USDT, Is it safe? If no, what is my best option?
Because every time I change my money to fiat I have to pay a BIG fee, So I dont want to change my money to fiat, But Im not sure If USDT is safe? BTC is unstable also, Whats my best option?

If USDT already got audited and you should no feel worried about that. I will hold TUSDT rather than tether because so many unresolved accusations that created for tether. This company was manipulating everything. TUSD is my choice.

[Twinkledoe]

I believe there's no 100% guarantee that USDT will always be pegged to US$. Think of the issues surrounding this project and you will know that it's only a matter of time that this altcoin will not live up to everyone's expectations. OP should seriously think of his next best option other than pouring his investments to USDT.