Do you trust USDT?

[jerry0]

Im confused why ppl still dont trust usdt.  Ever since it came out... it always have came close pegged to the dollar right?  What was the lowest amount tether went down to?  I recalled years ago... it might have hit 0.97 or 0.98 right?  And what about the highest?


So why should there be any concern about it since well you can always trade it for btc or in fiat exchanges... you can change it to usd?

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[bbc.reporter]

USDT for me is not an investment but only as a way to secure the assets that I have, so it's not a big problem for me, but for the past 6 years USDT is still safe and doesn't look a scam

You might need to review your post within the next 6 years hehehe. Also, I reckon that you have made that post without doing your research and approach the issue with a skeptical mind. Similar to what we should be doing on any project in the cryptospace.

[Ken_terrance]

You can't make money out of USDT, it's a stable coin that's pegged to USD, very useful for traders and also a good choice for store of value, it's less risky than those new altcoins that can become worthless under a month or two, USDT works for what's ever created to do, I trust USDT

[slaman29]

USDT for me is not an investment but only as a way to secure the assets that I have, so it's not a big problem for me, but for the past 6 years USDT is still safe and doesn't look a scam

You might need to review your post within the next 6 years hehehe. Also, I reckon that you have made that post without doing your research and approach the issue with a skeptical mind. Similar to what we should be doing on any project in the cryptospace.

I would say even shorter than that! If you are Ripple or Tether, or any other big centralized project trying to do business in a different way in a regulated space, AND trying to mainly make your markets in the USA, then you can't avoid all these potholes. Not to mention Tether is as shady as it gets in crypto.

[mindrust]

USDT for me is not an investment but only as a way to secure the assets that I have, so it's not a big problem for me, but for the past 6 years USDT is still safe and doesn't look a scam

You might need to review your post within the next 6 years hehehe. Also, I reckon that you have made that post without doing your research and approach the issue with a skeptical mind. Similar to what we should be doing on any project in the cryptospace.

I would say even shorter than that! If you are Ripple or Tether, or any other big centralized project trying to do business in a different way in a regulated space, AND trying to mainly make your markets in the USA, then you can't avoid all these potholes. Not to mention Tether is as shady as it gets in crypto.

The problem is, it doesn't matter if you are holding tether or not.

Tether Dominates Exchange Trading With 70% of The Volume

Long story short, this means whatever crypto you own right now is backed at least 70% by Tether. It is not backed by USD, not EUR, not gold, not anything else. That's fine if you believe tether is backed by 1:1 USD. I don't.

[GreekCoiner]

Guys its simple..
You are a rich guy. You have 10M USD in your bank account.
You dont want to have so much money in your bank because of the negative interests so, you send 6M USD to tether and they give you 6M USDT.
You deposit them in bitfinex or binance or a decentralized protocol like Compound and you lock them.

Results:

• You receive 5-14% interest APY
  
• You avoid the negative interests.

[scottsanderman12]

You can't make money out of USDT, it's a stable coin that's pegged to USD, very useful for traders and also a good choice for store of value, it's less risky than those new altcoins that can become worthless under a month or two, USDT works for what's ever created to do, I trust USDT

I agree with you!
Never saw any person who buy-sell USDT and get profit.

[Alohadanc3]

Yes I do. I don't have any trust issues against usdt. I have been using usdt since 2017. And till now I haven't face any kind of problem regarding usdt. I know many people talk many things about usdt I don't feel any kind of problem. In the market there are lots of option available and I think you can pick other or many of them. Not it's your choice.

[Swopon]

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?

Usdt is mostly known for stable coin which is very helpful for the traders who are continuously do trade in different platforms. It is based on tron network and the transaction is almost free in all sites. So it is the most preferred stable coin to transfer funds.

[Congyang]

USDT is currently a counterweight in crypto, many transactions are compared to USDT because USDT is stable and this is very good. So why are there still doubting the USDT is a scam? when viewed until now the USDT is still around and still running well on all exchanges

[MCobian]

USDT is currently a counterweight in crypto, many transactions are compared to USDT because USDT is stable and this is very good. So why are there still doubting the USDT is a scam? when viewed until now the USDT is still around and still running well on all exchanges

You are absolutely right that USDT cannot be a scam, because USDT is on almost all exchanges. Even now USDT is including the stable coins with
the highest demand compared to other stable coins, even USDT is in the top 3. There is no reason for us not to trust USDT, I kept some of my capital
in USDT to avoid volatility. So when the price of the coins I wanted dropped, I then converted the USDT I had into these coins. For me USDT is
very useful.

[Nippel66]

No i trust DAI more 

[Waltmart]

USDT becomes most preferred stable crypto among traders and it also maintain its ratio value with actual USD more stable than other stable cryptos.

But everything is under control of someone has risk of turning into scam!

And regardless of all of that, it’s been used as a medium between cryptocurrency and legit currency transactions, featuring quick and instant progress.

[Ronny29]

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 can't see any reason to not trust USDT.

[epis11]

https://decrypt.co/55042/tether-is-fully-backed-by-us-dollars-says-deltec-deputy-ceo
Based on this article USDT is indeed backed by US dollar but I still have doubt look at the supply its 26B and continuously minting almost every minute millions of dollar we still dont know what is the fact unless there are documents presented into the public.

[poodle63]

USDT is currently a counterweight in crypto, many transactions are compared to USDT because USDT is stable and this is very good. So why are there still doubting the USDT is a scam? when viewed until now the USDT is still around and still running well on all exchanges

Some people are afraid that the money they reserved might be nonexistent or just fictional, not to mention the fact that they are private company and their growth is so fast some people think it might be caused by some manipulation but each on their own, if you trust usdt that's definitely no problem at all.
It's okay though to create a discussion like this just to share information and expose if there's something fishy. If after some time there's still no sign of something shady, that means it's usable.

[sgenuine]

It seems to me that USDT is currently in a not very stable position. Because of these lawsuits, many have begun to question Tether's integrity. Although controversy around this stablecoin has been going on for a long time.
Tether could follow Ripple's fate. But for this it is necessary that stablecoins belong to the category of securities.

[1l1l11ll1l]

USDT is currently a counterweight in crypto, many transactions are compared to USDT because USDT is stable and this is very good. So why are there still doubting the USDT is a scam? when viewed until now the USDT is still around and still running well on all exchanges

Some people are afraid that the money they reserved might be nonexistent or just fictional, not to mention the fact that they are private company and their growth is so fast some people think it might be caused by some manipulation but each on their own, if you trust usdt that's definitely no problem at all.
It's okay though to create a discussion like this just to share information and expose if there's something fishy. If after some time there's still no sign of something shady, that means it's usable.

in fact the point of this discussion is not about doubting USDT, but rather to confirm what they have made. and it is true that usdt is currently listed on various major exchanges. But what if it turns out that not everything is backed by a 1:1 $ ratio? there will definitely be various problems later. therefore, discussions like this are very important

[Alohadanc3]

Yes. I have no problem with usdt. I have been  using it for a very long time. I never faced any kinds of problem using usdt. I know there are a lots of negative news about usdt. And if you don't trust it there are lots of choices available in the market. The better choice is devide your portfolio and hold it inb2-3 stable coin. But I think you can use usdt now it's your choice.

[AssociatesBumble579]

Yes, I believe in USDT, but it takes a long time for profit, basically, USDT is a trading coin in the crypto market. Because of its stability fluctuating daily. If you want to be a trader in the crypto market, you can trust in USDT.