Do you trust USDT?

[mamahdedeh]

I fully believe in USDT because so far this token has been stable at $ 1 USD unlike altcoin which prices go up and down.
considering this token is in the top 5 coin marketcaps that almost all market exchanges exist and must be paired with the king of crypto (bitcoin). when exchanged to FIAT in all countries the value remains $1 USD

USDT is a place for temporary asset parking while waiting for the market to return to bullish. so we can buy at cheap prices. but this coin is not suitable for investment, because there is no increase in price and tends to be stable even when the market is bearish

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[ballerin and giroud]

I have read some information regarding this issue, and there is some pron and cons against this coin. Also I just wondering why the USDT coin was created by the people of chinese. Isn't the dollar the US currency? Why the government of US didn't examine this coin? I don't know about these thing but clearly at this time USDT is the most stable coins that being used by many people expecially for trading pair. So, I'm sure if this coin will live last long because there is no party who try to investigate this thing and USDT will be safe.

[GreenStox]

Currently, most people use stable USDT coins, so there is no reason not to trust usdt, the daily volume is very high and reaches $ 40 billion.
why do others say coin scam? unless dev intends to trick his coins.

[John404]

I fully faith Tether(USDT) because it's value almost stable.

[Lantind]

USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.

Do you trust USDT or believe it might be a scam?

I will answer according to the question you asked, and the first is that I really believe in USDT tokens, because the tokens are really from the USD platform, and another about the issue of the ERC-20 token claim which is said to be supported by the dollar at a ratio of 1: 1, I am a little distrusted, why can not believe it, because in the name of exchange bitfinex.

[Coinraptor]

I trust USDT and I don't think they will ever scam. Though USDT has suspicious activities but that doesn't mean it will scam us. If you feel risk here then you have other options like USDC, PAX, TUSD, DAI and so on!

[Rodeo02]

Currently, most people use stable USDT coins, so there is no reason not to trust usdt, the daily volume is very high and reaches $ 40 billion.
why do others say coin scam? unless dev intends to trick his coins.

Use only for trading but not recommended if you want to store it to your wallet . There will no increase of its price so holding it will not even give you profit so why will you invest for a currency that you will not earn any? Even its not scam there is no reason holding it.

[Kunnu]

I don't find any reason to not trust on usdt because its adoption is massive and it's available on almost every cryptocurrency exchange this is possible because mostly people have trust on it and I hope that this well established stable coin won't disappoint us and provide the best for sure.

[Muhammad Muneeb]

USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.

Do you trust USDT or believe it might be a scam?

there were rumors that usdt is not backed by dollars and they denied the audit of the company which raised questions on the projects however usdt is an old currency and has gained the trust of the traders. i personally don't that whole supply of usdt is actually backed by dollars

[Dhoe]

USDT is a place for temporary asset parking while waiting for the market to return to bullish. so we can buy at cheap prices. but this coin is not suitable for investment, because there is no increase in price and tends to be stable even when the market is bearish

How to buy at cheap prices if this USDT is stablecoin? Of course the price is always same, neither cheap nor expensive. Stablecoin is to maintain the value of your assets so they don't fluctuate like Bitcoin or Altcoin. Yeah I agree if Stablecoin is a parking coins while waiting for the Bullish trend to arrive.

[Nadziratel]

USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.

Do you trust USDT or believe it might be a scam?

Strange, but as the number of stable coins on the market increases, my trust in Tether increases. So they're doing something right, more are coming into the market.
Still, it would be nice if they were still a little bit more transparent.

[Dr.Osh]

I am not so sure that USDT is really backed up 1: 1 with real dollars. I was able to get some information that the USDT actually backed up was only 70% of the current total allocation. many people have pros and cons arguments about this. so I chose to hesitate rather than trust 100%.

[momchilandonov]

All this fud around it is harmful for the industry. If tether will leave the market we will see great dumps of everything

[thottum]

USDT is not the only stable coin to discuss it. If you feel unsafe with the USDT then you could consider trading with other popular stable coins like USDC and TUSD which has a volume of around 400 Million and 140 M respectively or even the BUSD native stable coin in Binance.

[gweedo]

USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.

Do you trust USDT or believe it might be a scam?

I do not trust USDT absolutely. But to be honest, this is the best stablecoin and has the best liquidity in this market. Almost everyone uses it so I think that there won't be any major problems, If you are looking for stablecoins, this would be the best option

[Shallow]

USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.

Do you trust USDT or believe it might be a scam?

If it's actually a scam I think it would have been ignored at least it isn't the only stable coin in the crypto space. However, am not disputing the fact that they have some unanswered questions begging for answers, and these unanswered questions points to or rather gives everyone the impression they have something they are hiding which isn't good in any way.
Now about if I trust them, I would rate the trust on a 60% owing until all is cleared. Nevertheless, I still trade with it every now and then, and I also store most of my earnings in it.

[sangjoewara]

USDT is a place for temporary asset parking while waiting for the market to return to bullish. so we can buy at cheap prices. but this coin is not suitable for investment, because there is no increase in price and tends to be stable even when the market is bearish

A little less suitable if we mention the USDT is a place to park our assets, because USDT is a stable token so the decline is not so much and the rise is not so much, so there is no cheap word on tokens like that.

[olumyd]

Scam or not, right now it is the only option to hedge during a severe market downturn - case in point, Bitcoin dipped from 10k+ to 9.8k an almost 4% drop in the market can really do wonders to your portfolio. So I'd say among the available stable coins, it's probably the most patronized and that's some credit to credibility. So yes, I do trust USDT.

[isaac_clarke22]

From the past that I was still day trading coins like ADA, I managed to stumble upon this USDT. I thought it was like any other altcoins you would see in the market that is specialized to be day traded. Turns out it is a stable currency after all.
It has been existing and resisting for the past a year already, and I just trusted the coin way too late already because of fear. This is where most traders put their profits so that instability will not screw up their trades.
Personally, I trust USDT.

[trauchot]

I constantly make exchanges from various cryptocurrencies in USDT and I often have USDT in my portfolio and I don’t have any problems and I don’t think that something will happen, therefore, as I trusted USDT, I will trust in the future, so you can work with USDT without worrying.