Do you trust USDT?

[fuer44]

I believe that, because the 1: 1 ratio can be seen from the price of USDT that tends to always be at $ 1. I believe that usdt will really be a stable crypto and worth the same amount in dollars.

[shoreno]

compare to other stable coins ? yes ofc man i fully trust this  brand becuase i am more familiar with it  . not just me but im sure many people are also familiar with usd becauase it was always listed on many exchanges   . people also speculate this coin on this forum and recomend it to others for those who are dont like the volatile nature of cryptos   .  i dont doubt  its security if this coin will turn into a scam or not but i believe they wont  . why would they scam if they are already indemand and earning huge  ?

[pokok_work]

The presence of the USDT only helps traders, because it is easier to move between exchanges to other exchanges, when compared with fiat. For now, I still believe in USDT, but I don't keep my money there for too long. IMO if you have some money and don't want high volatility, I think keeping it in a bank is better. The USDT is a stable token that is centralized, and I don't know the fiat reserves they hold, but the USDT volume is greater compared to other crypto assets, so far it is still safe to save money on USDT. -IMO-

[Samayuki]

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 the most favourite stable coin for crypto traders and it has the highest trading volume compared to other stablecoins so I think its safe but Decentralized stable coins are better e.g DAI

[shollyen]

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?

It's no gainsaying that so many folks use USDT and it has more users than any other stablecoin, perhaps because it was the first to be issued, which came as a result of the swap of realcoin. There have been a lot of controversies about it. A lot of things are until now, not clear. Such as an official audit, to truly shows that they have US Dollars in reserve, for every USDT that has been minted. However, I use it, but do not totally rely on it. In a bid to ensure that I do not become a victim to whatever unseen circumstances that may come up in future, I do not use it to hold down my fund for a long time.

[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?

USDT is the most favourite stable coin for crypto traders and it has the highest trading volume compared to other stablecoins so I think its safe but Decentralized stable coins are better e.g DAI

DAI is different than all others. It is completely decentralized and its price may fluctate sometimes.
But it based on Dao Makers DeFi platform. So there will be reserve behind it. DeFi colleteral will keep it safe all the time.

USDT is different. I like it also. But if I have to choose one, I always choose DAI.

[Jating]

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%.

They are not, they run on "fractional reserves", just like banks.

Fractional-reserve banking is the most common form of banking practised by commercial banks worldwide.[1] It involves banks accepting deposits from customers and making loans to borrowers, while holding in reserve an amount equal to only a fraction of the bank's deposit liabilities.

https://en.wikipedia.org/wiki/Fractional-reserve_banking

They even refused to be audited, so how can you trust a services like that? The people behind are very shady as hell, so used them at your own risk.

[beerlover]

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?

Definitely it is not a scam but it may get collapsed at any time when more number of people cashing out their tether savings. I highly doubt about their reserve funds at the ratio of 1:1. They had stopped their transparent auditing functionality of their bank accounts which were held in Bahama islands. I am sure like most governments in the world, tether also must be having more circulating volume than the worth of their actual reserve funds.

I am currently not holding any tether but my exchange uses it for P2P trading. I hear many people are using tether for locking their profits of cryptos. You agree or not after the introduction of tether, people are able to short bitcoins even in the spot trading.

[cassavachips]

Of course, to this day I still believe in the USDT because for me this project is a project that has been long and stable in price, but we should not believe 100% with all projects even though they are large it does not reject the possibility they will scam

[Kvalentine]

USDT is very useful for me in trading, I use the stable coin to avoid loss in bitcoin value and I buy back at cheaper rate, its a very handy stable coin and one of the most popular, just because its centralized doesn't mean its scam although we have better options that are Decentralized

[rizkyalhabsy]

i even dont know about Tether is issued by Bitfinex,i mean about tether erc-20,even its true its doesn't change anything,USDT still and always be popular for people who want buy fiat crypto.
about scam ? well, i dont know and even people like charlie lee or justin sun also dont know, i guess.

[criket]

why should I not believe in USDT? Many exchanges already have a list of these assets at their exchange. and I also use it to save assets after my daily trading is done. I always use USDT and not other assets.

[themistocleess]

USDT is the trusted and stable coin in the crypto market that is backed by dollar, but i hear a conflicting news that the project of USDT never audited itself, whenever in the future the project gets a audit the stability will loose but i hope this will not the case as i just heard it somewhere.

[cabron]

Was already planing to store my money in two stablecoin incase bears are going to come again for more than 3 years. But I might have to divide them to tow or 3 stablecoin just in case. probably USDT, TUSD and maybe BUSD.

When they say don't put all your eggs in one basket, it make sense to do this as well. You never know which of them will go cray for money.

[aemma]

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?

The truth is, it's had to say if USDT is scam or not; yes there have many news but instead traders etc are still using it or trading with it. Although there might be underlying things we don't know but for now I have no reason not to trust it. I trade with it, store it against the downtrend in the market and there have been no issue ever since.
Lastly, exchanges are still using it, so why won't I trust it.

[qazgroup]

Personally i have never faced any issue using or trading usdt and it is listed and traded on all the big exchanges and platforms so i believe it is legit and it is backed by fiat dollar otherwise no other exchange or platform would have listed them if they were scam, i do use usdt for hedge trading or buying coins at their support prices, always works for me.

[Denongels]

I have more confidence in USDT because this is more guarantee than other stablecoin, lately many stablecoin have tried to join and instead I feel the new stablecoin has a big chance of scam because I see they are not as promising as tether.

[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?

The truth is, it's had to say if USDT is scam or not; yes there have many news but instead traders etc are still using it or trading with it. Although there might be underlying things we don't know but for now I have no reason not to trust it. I trade with it, store it against the downtrend in the market and there have been no issue ever since.
Lastly, exchanges are still using it, so why won't I trust it.

So many people using it because it is the firstcomer. First ones are always be special (look at BTC)
I am complaining about Tether sometimes but I am still using it also.

BTW, after ETH and TRX token, today minted ALGO Tether is Algorand network also.

[gundala]

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?

Excessive worries will not make progress. Be careful, but don't cross the line. Despite many doubts, so far the USDT has provided consistent performance as a stable coin. I only use USDT under certain conditions, don't keep it for a long time. For example when you have to move assets from one exchange to another exchange, and when suddenly there is a price movement that is unexpected, the USDT is quite effective in freezing funds.

[ntsdm1]

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 trust because I always use this coin.But there are suspicions, of course.There is a saying: trust but verify.So keep the eggs in different baskets.