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Question: Do you trust USDT?
Yes - 175 (70.3%)
No - 41 (16.5%)
Not sure - 33 (13.3%)
Total Voters: 249

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Author Topic: Do you trust USDT?  (Read 7039 times)
omnik
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July 11, 2020, 11:14:54 PM
 #101

I have long believed in USDT, both for trading and for saving money, there is no problem with USDT,
all exchanges also use it, what should be feared?
You should not but some people may have a different opinion about that. So many people were feeling doubt after seeing the USDC cases and they were thinking tether could do the same like that too.
In term of liquidity and everyone must never feel worried about USDT
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July 12, 2020, 03:22:28 AM
 #102

I have been using usdt for a long time now. And I never faced any kind of problem regarding usdt. I know many people talked about usdt scam or fud. But nothing happened to it no price fractuation or nothing like that. And most of the big exchanges used it and the volume of the coin is too much. So there are very few chance that usdt get scamed or something like that. And if you still hesitate to use usdt there are a lots of option available. You can pick any of it.

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July 12, 2020, 03:28:55 AM
 #103

I have been using usdt for a long time now. And I never faced any kind of problem regarding usdt. I know many people talked about usdt scam or fud. But nothing happened to it no price fractuation or nothing like that. And most of the big exchanges used it and the volume of the coin is too much. So there are very few chance that usdt get scamed or something like that. And if you still hesitate to use usdt there are a lots of option available. You can pick any of it.
Mostly they are talking about the rumours but atleast it can make us be more alerted and didn't give room for USDT to do something fishy which is a good thing and yes people have been given a choice so many stablecoins out there and they are free to choose. I personally don't stick to only one stablecoin as long as these are reliable I'll sue them.

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July 12, 2020, 03:47:54 AM
 #104

Of course yes, USDT is the biggest stablecoin at the moment and they have lots of liquidity. I have been using USDT for over 3 years now and have never had any problems with it. Sometimes USDT has a few FUDs but it is quickly over and the price is not affected too much
USDT is the stable coin used at all exchanges, and I don't see any problems holding USDT. There will be up to 90% of people choosing USDT to trade because the trading volume of this coin is very large, and certainly everyone has used this stable coin. I do not have any reason to object to the existence of USDT because this coin is so important in the crypto market, and not any stable coin can be compared.
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July 12, 2020, 03:56:57 AM
 #105

I am not sure when holding them they are too often and too long. Rumors are circulating that all stable coins can be frozen at any time by the developer, but some services e.g exchanges still been list these stable coins.
The only thing that might be safer from losing due to being frozen (globally) is storing them in a custodial wallet including a trusted exchanges (if they provide guaranteed asset ownership for customers).

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July 12, 2020, 05:32:24 AM
 #106

There is a lot of FUD with USDT, but it still exists and evolves to the present. So I fully trust this stablecoin and use it, most exchanges have USDT trading pairs and it has the largest liquidity in this market.

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July 12, 2020, 06:45:50 AM
 #107

Certainly, USDT is listed in almost every exchange in this market and its liquidity is also much larger than other stablecoins. For me this is the most reputable stablecoin in this market and everyone should use it

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July 12, 2020, 06:50:25 AM
 #108

Certainly, USDT is listed in almost every exchange in this market and its liquidity is also much larger than other stablecoins. For me this is the most reputable stablecoin in this market and everyone should use it
that is because almost all trades also release USDT as main assets on their exchanges. it certainly helps because daily traders will of course use USDT to secure their money when exiting a trade. I also trust USDT more than any other stable asset.









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July 17, 2020, 01:27:54 PM
 #109

USDT is the most stable coin in the market and that's why everyone has reason to show their trust towards it. I think that's the way many investors have to think like that to gain profit when the market is down. Crypto is so volatile and that's why it is better sometimes to go with USDT.
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July 17, 2020, 02:05:54 PM
 #110

USDT is listed and tradeable in most exchanges and it was good to use in trading pair because many trader use it despite of it's controversy ,i will continue to use it to gain a good profit. It is diffinitely a 1:1 ratio and it doesn't matter if it has a controversy as stable digital currency. I will continue to use it as long as it is listed in crypto market. But i will not going to hold it especially for a long term. Much better to hold decentralize currency than the stable one.

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July 17, 2020, 02:07:20 PM
 #111

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 believe in the value of USDT. And these coin are real, even though they use ethereum platoform. Basically, USDT is only one platform, Tether Omni. After the main platform was successful, an ERC20 version was developed.
Tether value is lower or higher than the value of USD (Fiat Dollar) between plus mines 0.1%.
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July 17, 2020, 02:41:52 PM
 #112

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 believe in the value of USDT. And these coin are real, even though they use ethereum platoform. Basically, USDT is only one platform, Tether Omni. After the main platform was successful, an ERC20 version was developed.
Tether value is lower or higher than the value of USD (Fiat Dollar) between plus mines 0.1%.
why be afraid of USDT? USDT is indeed the best stable coin for now, look at the USDT marketcap entering the 3rd place at Coinmarketcap, I think using USDT is very safe from all other stable coin risks

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July 17, 2020, 03:13:23 PM
 #113

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?

looking at the progress of the current USDT I think is not a scam, for a relatively stable price may not last forever because all that is determined by supply and market demand.

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July 17, 2020, 03:21:45 PM
 #114

USD Tether is a very trustable crypto coin as far as we think about the Stable coin. This coin is traded highest in the exchanges among all other crypto currency that are representing a stable coin. Actually, all stable coins are backed by a real asset like the dollar or the Gold. But the USDT is backed by real Gold which make it more trustable.
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July 17, 2020, 03:41:40 PM
 #115

of course, I believe in USDT coins, and now USDT is ranked 3rd, which makes USDT much in demand because the price is relatively stable, I hope the stable level of this coin in the cryptocurrency market will last forever.

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July 17, 2020, 03:56:50 PM
 #116

Tether is the oldest stable coin in the market, it survives the bear market, it survives all attacks and all claims that Tether is connected to the negative business. But you see, Tether is still here, still has value 1USD. While MakerDao and its DAI has not only one problem with the stability in the future.

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July 17, 2020, 04:20:03 PM
 #117

Personally I trust USDT. I think it's easier to use  USDT than USD. More secure
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July 17, 2020, 07:16:56 PM
 #118

Yes, I do believe on USD Tether since it's remain stable since a long time  ago until now, even there's so many rumors and negative thougths about it, but as we can see even with all of that USDT are remain stable. But I also more believe to my own local stable currency, since I don't need to convert and calculate based on USD anymore.
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July 17, 2020, 07:24:16 PM
 #119

It all depends on the purpose for which you use USDT / if for long-term storage, then definitely not. But for financial transactions, it is a good alternative to real money.

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July 17, 2020, 08:51:55 PM
 #120

I trust and trade USDT pairs. I'm comfortable using it for trading. It has gained popularity at many futures exchanges now. I haven't heard any negative feedbacks yet so as far as I'm concerned, its safe.
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