Do you trust USDT?

[dificanovi]

I don't really believe in USDT because all altcoins are under someone's control, there are many altcoin prices that often go up and down due to the influence of the crypto market.
If we look at the USDT price chart it is often stable, but I prefer ETH over USDT because ETH is often used by many people and it is possible that ETH prices will be even more expensive than the previous price.

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[Pithaxz]

I know a lot of people talking about USDT is a scam or FUD coin. But nothing happened to it, stable coins have a fixed selling price and are good for trading pairs. even I personally often use this coin as a tool for trading pairs but not for the long term.

[Coroline]

I know a lot of people talking about USDT is a scam or FUD coin. But nothing happened to it, stable coins have a fixed selling price and are good for trading pairs. even I personally often use this coin as a tool for trading pairs but not for the long term.

That's because everyone believes in the existence of USDT and accepts it as a fixed price token.  This coin proved to be quite helpful in securing traders' assets when BTC and Alt prices crashed.  The chances of the USDT being destroyed are very unlikely, due to the large volume of transactions and this token has proven to have a strong price against the USD

[bastian466]

Yes for me it is one of the most trusted cryptocurrencies as of the moment in cryptoworld and market knowing the stability of this coin that makes many of the crypto holders hodl this low risk altcoin.

Choosing a coin that has a low risk is perfect for beginners to learn short and long term trading because it reduces the risk of loss if they make a mistake besides that they have a lot of time to research other coins that have USDT pairs so that the insight gained becomes broad

[maryanti]

Usdt erc20, now usdt trc20 is available in several markets. even the cost of trc20 is cheaper than erc20.
Usdt coins are stable and traded in many markets.
Usdt scam or not a scam, nobody knows. I only use it for trading and withdrawal of balance.

[Mahdirakib]

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

I believe in usdt for it's stability in price. If I get a hint of bitcoin or other altcoins price dump I will prefer to exchange my crypto and keep it in usdt wallet. It has gained good position in marketcap and trust of user. If you are focusing on scam then you shouldn't trust any crypto.

[warg2017]

Honestly,i do not trust it at all.I would not hold USDT for a long time,sometimes I use USDT as an intermediary when trading, but this is when there are no good alternatives,then i'll quickly trade USDT for cash,BTC or ETH.

[Traderbtcc]

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

Of course I do, who doesn't trust USDT?  , I personally trust USDT, I'm a trader and I normally prefer leaving my crypto in usdt to avoid loss in value, and it's not just me, so many traders out there also prefer leaving their crypto in usdt, because of how risky it is to leave their money in volatile coins, that's why so many of us pick usdt as a store of value , although they have been accused about not been fully backed by the banks in US, but I still trust it anyway.

[jerry0]

Well isn't usdt the way to keep money constant and not care about btc changes daily?  Like if you are trader, well you are using either usd or usdt right?  I mean seems like usdt is the only way to trade if you want to make short term profits?

[jerry0]

The other thing is this.  Most other coins altcoins... you can't sell straight for usd or usdt... they mainly pair with btc. So most traders when they make profit with an altcoin... they sell it for btc... but do majority sell it for usdt to hold the value?  I always hear ppl say most ppl believe in btc and hold btc after selling altcoin... but if you want to make short term profit or usd profit... well you need to hold it in usdt right?

[Gumbo88]

Why not trust USDT? It was exist long time ago and no any coin can replace it.

[Plinteng]

the fact is that USDT is very profitable to use when the cryptocurrency market is falling to minimize losses. I believe in Tether, because during its several years of activity in the cryptocurrency market, USDT has practically remained unchanged in price, even though the cryptocurrency market is in an up or down trend.

[Radio-Active]

I am using USDT more than other stable coins in cryptocurrency because USDT is the most top stable coin in the market.
The more people using USDT in crypto, i think the more it will become a reliable and trusted stable coin.
Although there are other stable coins in crypto such as DAI, etc, i still prefer USDT.

[fenican]

I have zero trust in Tether. It's not backed by any significant amount of collateral, isn't technologically interesting and has no mechanism other than trusting exchanges to keep it pegged at $1. The death of Tether will be when crypto experiences its next 80% wipe, people rush to sell out and move into Tether, and then ask the exchange to cash them out for dollars. At that point, the exchange will just laugh at them and say "enjoy that garbage you're holding. You thought that was an actual dollar? You idiot"

[gamer4156]

I for one don't imagine that USDT is an excess of dubious however it has some issue. It is a steady coin so in some cases I convert crypto into usdt. USDT is the most popular crypto stable coin on the planet as I would see it this can't be phony since it's now in the market for right around 1-2 years however it is as yet running and I think this coin has exceptionally splendid future when contrasted with some other stable coin.

[LimLims]

I for one don't imagine that USDT is an excess of dubious however it has some issue. It is a steady coin so in some cases I convert crypto into usdt. USDT is the most popular crypto stable coin on the planet as I would see it this can't be phony since it's now in the market for right around 1-2 years however it is as yet running and I think this coin has exceptionally splendid future when contrasted with some other stable coin.

Well said.
But i want to add more in the context.
The coin gets popular only after many people shows interest in it.
Same happened with USDT, since the launch, it's hype is been seen in many places, for which it grew upto a stable coin now.
Moreover listing in various exchanges and sites also helped a lot in increasing the popularity of the coin.
So at last we can conclude that we can surely trust USDT.
It's one of the used Altcoins present in the market.

[bitcoin-shark]

usdt together with dai are my favorite stable coin and can now be found on most blockchains eth, bnb and tron ​​yes it is true they do not have 100% coverage but this also happens with banks that keep only 20% liquidity and re-invest everything else for their own gain, in short, I trust usdt 100%

[blckhawk]

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 not saying I totally trust USDT or distrust it, it's just I am just using it for my trade for a stable value. Besides, I never thought that it would be a scam. I only choose to use it because it has the highest volume among the stable coins but if this will really be turn out a scam then apparently I will move it on Binance USD.

[Valzador]

I don't care about them lying or not being transparent. The fact is all of you are still using usdt, so I will also use it, as long as there are no problems and the fee remains affordable.

[kastara]

With the same ratio as USD, I actually don't believe it, because by using USD alone we can be accepted for transactions wherever we are. That's my opinion