Do you trust USDT?

[alexeyLis]

Based on the fact that there are a lot of pairs with USDT on the exchanges, it seems to me all the same that conspiracy theories are just conspiracy theories. Anything can happen, but at the moment it is a very convenient tool for making deals. But everyone needs to make their own decisions, I think it is necessary to leave the experience of using.

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[kodtycoon]

Not anymore, I say no if you intend to invest because for me crypto is only used for investment then it would be better to choose another crypto. USDT has a stable price and thus it is difficult for it to go higher, even though the market trend is positive but in reality it still won't make the price go up fast.

[Vishnu.Reang]

The USDT market cap is going up with every week or so. Right now it stands at more than $50 billion. Do we trust such a huge amount with one unregulated cryptocurrency exchange, which had legal issues many times in the past? If by any chance USDT goes down, then it is going to be the largest cryptocurrency scam in the recorded history, many times larger than the PlusToken and Onecoin scams. I never had any USDT with me. I don't know why people trust USDT so much and put their hard earned money in this unreliable token.

[soul-impact]

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 don't trust it completely because it's not an altcoin. It only adds technology to bitcoin. Their projects are still obscure. I often use it as an intermediary coin to trade other coins. Its price also varies a lot and is always changing. But I used to use it for profit. Buy and sell.
 

[celot]

I wanna get more in cryptocurrency and take more than 10% or 30% profit every time but saving or hold USDT is not best way, we can't loss more and take little profit if use money for buying USDT coin, this very stable coin and better by altcoin like LTC, ETH or BNB to get more but have risk when price dump.

[gaston castano]

I believe TUSD more than USDT, even though the ranking shows that USDT is most popular but I don't know whether you know it or not but there are many conspiracy theories as well as confusion on how much % of USD is pegged for the coin. TUSD is 100% pegged so I would trust it more than USDT but there are many exchanges that give nice returns for holding USDT. Personally, I don't hold anything in both of them but I would prefer TUSD more than USDT.

at first I also questioned this but there were those who answered that in 100% backup there were those who denied it, so I still use it because usdt is the most popular stable coin, even if it will be a scam I don't really mind it because there are still other stable coin options, and so far no problem about USDT till now.

[Almasani]

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?

Nearly 90% of exchanges in the world use USDT as their main method of trading. If we don't believe it, what about the other 90% who believe in USDT. I think we no longer need to question USDT trusts.

[celot]

Save USDT is better when bitcoin and altcoin down, but if want to get much profit you should looking for with good coin like BNB, LTC and Doge coin. If you still buy USDT just get little profit and I think is not enough profit earn like buy with other altcoin, I think best way for USDT only when bitcoin and altcoin have lower price, when up back altcoin again.

[oleg17]

Save USDT is better when bitcoin and altcoin down, but if want to get much profit you should looking for with good coin like BNB, LTC and Doge coin. If you still buy USDT just get little profit and I think is not enough profit earn like buy with other altcoin, I think best way for USDT only when bitcoin and altcoin have lower price, when up back altcoin again.

I think this amount should be around 20-30%. After all, there may always be an opportunity to buy some kind of coin. And keeping everything in altcoins is a very risky step for any investor)

[Hasan986]

Why not. USDT is currently the most widely used of stable coins. There was a negative issue in court in the name of USDT. Which has been ruled in favor of USDT. Currently USDT as well as BUSD are being used. However USDT has become famous for its low transaction fees. Which is currently used by all investors and traders.