Do you trust USDT?

[Jannyh]

For me, in my opinion,I think usdt has really helped a lot of us trader, especially when you are fortunate to know that the bear market is coming,you can quickly sell your coins to usdt and that will help save the value of your asset till when you gain the trust of the market to convert, so far I trust usdt.

[Denreal]

I use USDT, as a matter of fact, i use it more than any other stablecoin, but i do not have full trust in it, which is why it rarely store it in my wallet. My use of USDT does not exceed exchange sites, where i trade. It is a very useful tool while trading. Till date, there are still controversies over USDT, which is one of the reasons i cannot totally rely on it.

[coolon]

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?

Many people trust Tether and trade with it. Of course it looks stable but there are a lot of bad rumors around this token. When I trade I try not to use it, I always trade using btc, bitcoin in the last turn will turn out to be a Scam.

[FanEagle]

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.

What you mean by stable since a long time?  You mean it is stable among haters' criticism and rumors or sustaining among them?
It is stable in value because it is designed to be so (it may hardly fluctuate +/- 3% of 1 USD and nothing more and nothing less to that). It is existing with us because of the innovation it has brought into the crypto space.

Still, why people do ask about trusting USDT? Because, it is not a mineable cryptocurrency like most other altcoins but is in different format and being controlled by a corporate. So, it may get seized by government if they suspect money laundering for terrorism is happening through USDT whereas if it is a truly decentralized coin then it kind of problem could have been eliminated by characteristics itself.

[Blue_oxen]

I use USDT, as a matter of fact, i use it more than any other stablecoin, but i do not have full trust in it, which is why it rarely store it in my wallet. My use of USDT does not exceed exchange sites, where i trade. It is a very useful tool while trading. Till date, there are still controversies over USDT, which is one of the reasons i cannot totally rely on it.

Most people also using it for exchanging to crypto across many exchange platform and what the use of holding USDT anyway? might aswell convert it to real USD since it's not that big of hurdle and I'm sure most of us could convert it to real USD within minutes. Trusted or not totally depends on the person who uses it.

It's true that the opinion varies. However, I have to say that Tether is one of the most-used stable coins in the market. For me, I don't trust anything in the field completely even BTC or ETH. I consider USDT as a way to store my capital while the market is too volatile. Until now, I don't have too many doubts about Tether and I can say most traders think as same as me. It is useable and reliable for now.

[Valak]

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?

Why do you ask me? From what I have said, there are no words "afraid" with USDT.
I believe in the value of USDT and pay attention to any changes in USDT supply. Not just talking stable value.

[AnonBitCoiner]

It's seems lot of transaction was made with USDT as like Eth, so Usdt had a good support. My opinion of usdt is it will good for transaction and it won't be better option for long term investment.

For me, in my opinion,I think usdt has really helped a lot of us trader, especially when you are fortunate to know that the bear market is coming,you can quickly sell your coins to usdt and that will help save the value of your asset till when you gain the trust of the market to convert, so far I trust usdt.

To gain more profit, you should hold usdt without any panic. Panic selling will be the worst option will be chosen by new traders to save their money. But it's not true, holding is better option.

[Diamond_Darrell]

It's seems lot of transaction was made with USDT as like Eth, so Usdt had a good support. My opinion of usdt is it will good for transaction and it won't be better option for long term investment.

For me, in my opinion,I think usdt has really helped a lot of us trader, especially when you are fortunate to know that the bear market is coming,you can quickly sell your coins to usdt and that will help save the value of your asset till when you gain the trust of the market to convert, so far I trust usdt.

To gain more profit, you should hold usdt without any panic. Panic selling will be the worst option will be chosen by new traders to save their money. But it's not true, holding is better option.

Bro, in 1991 the whole country ceased to exist, and with it its bank "Sberbank" ceased to exist together with the accounts of depositors who kept money there) And you assure everyone that some kind of surrogate from a private "shop" is safe

[Ifemini]

I fo trust usdt 100%, it is a stable coin employed on the short term basis to maintain value for my capital / profits during a market fluctuations. You cannot trust usdt as an investment option, it is not designated to function that way. Always do your own research

[Twinkledoe]

I fo trust usdt 100%, it is a stable coin employed on the short term basis to maintain value for my capital / profits during a market fluctuations. You cannot trust usdt as an investment option, it is not designated to function that way. Always do your own research

Long term investment? I would say no. As far as I remember, last year they admitted that they are not fully backed by US$ assets. So what are the chances that they are very honest with their current assets? But if you just want to hold USDT for short period of time to avoid volatility aspect, you can do so. But not for long term in my opinion.

[Perfect35]

I fo trust usdt 100%, it is a stable coin employed on the short term basis to maintain value for my capital / profits during a market fluctuations. You cannot trust usdt as an investment option, it is not designated to function that way. Always do your own research

Long term investment? I would say no. As far as I remember, last year they admitted that they are not fully backed by US$ assets. So what are the chances that they are very honest with their current assets? But if you just want to hold USDT for short period of time to avoid volatility aspect, you can do so. But not for long term in my opinion.

Individual school of thought about USDT differ. I have read and  heard a lot about it, but whatever has been said, i am less concerned. Inasmuchas it is stillveryuseful for moe, serving as an hedge or to preserve my portfolio and if it is working is that capacity, i will continue to trust it. Anytime there is a change in function, then i might start reconsidering.

[FLHippy]

I am hearing day by day about Tether problems and after 3 years, no one turned off the Tether. Governmens, banks, no one likes Tether because they are 'printing' money, but for now it doesn't look like that Tether will stop its functioning.

[popeye95]

I don't trust USDT, you don't need to trust something before using it. I can see the point of USDT as a stable coin to switch when crypto market is volatile. Just get your idea right about USDT to keep it simple.

[Cheesus]

I do trust USDT, and even I love it now! Because tether was the first solution for avoiding the dump and keep your crypto money stable. Though right now, we have DAI, yet Tether looks better. Though USDC is better but not every exchange supports USDC, so, I do trade in USDT and withdraw money because TRC20 USDT has zero withdrawal fee when Bitcoin takes 3-4$! So, yes, I believe USDT, with all the negativity, Tether is only growing, and right now, it's 3rd ranked in CMC!      

[Taufik blackspade team]

I don't trust USDT, you don't need to trust something before using it. I can see the point of USDT as a stable coin to switch when crypto market is volatile. Just get your idea right about USDT to keep it simple.

at present, the USDT is still a stable crypto asset. if you don't believe it then you don't need to use it. if you only trade on your country's local exchange that provides your country's currency then you don't need to use stable crypto-like USDT. unless you are a person who trades crypto by looking for global exchanges that have large volumes. You will certainly consider USDT as a favorite asset that will help you.

[Xxmodded]

I do trust USDT, and even I love it now! Because tether was the first solution for avoiding the dump and keep your crypto money stable. Though right now, we have DAI, yet Tether looks better. Though USDC is better but not every exchange supports USDC, so, I do trade in USDT and withdraw money because TRC20 USDT has zero withdrawal fee when Bitcoin takes 3-4$! So, yes, I believe USDT, with all the negativity, Tether is only growing, and right now, it's 3rd ranked in CMC!      

Trust or not USDT depend how the United State government manage their economic financial, if they can't control with their economic situation I thinks USDT will be the same with other currency in the world, but today we can trust with USDT until ten years later keep stable price or become fantastic digital money payment for the future with higher value.

[Alohadanc3]

Yes. I can't fond any cause to not trust usdt. I am using it for a very long time and I never faced any kind of issues. I know there are lots of talks and did about usdt. But in the market usdt is the biggest stable coin available. And few days earlier it's overtake xrp also. So from here we can see it is the most used stable coin. So most of the people in the market trust it or use it. So do I. But there are lots of stable coins available so you can pick any otherthats upto you.

[prof7bit]

Yes. I can't fond any cause to not trust usdt. I am using it for a very long time and I never faced any kind of issues. I know there are lots of talks and did about usdt. But in the market usdt is the biggest stable coin available. And few days earlier it's overtake xrp also. So from here we can see it is the most used stable coin. So most of the people in the market trust it or use it. So do I. But there are lots of stable coins available so you can pick any otherthats upto you.

USDT has become a very popular means of payment in our world. Anyone who knows how to use it, they trust this new currency.

[Em00n01]

I don't believe USDT. From many source i have come to learn that USDT is not backed by real Doller. It is also not under regulation. If this info is true there is no way to trust USDT.

[SistaFista]

So far, im using USDT to trading with any coins and still fine so yes, i trust USDT at the moment.
Other stable coins are existing such DAI token, TUSD, etc but the most popular stable coin is USDT.
Most cryptocurrency exchanges are using USDT pair on their platform, so i think we are safe to use it.