Do you trust USDT?

[ecnalubma]

I don’t trust USDT because its like fiat that governments can print it anytime they want.

But of course they serve function in crypto space to protect traders and safeguard their earnings. But as traders we must put in our minds what is the real function os this token, not ideal for keeping long term.

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[Cryptoreflector_666]

I don’t trust USDT because its like fiat that governments can print it anytime they want.

But of course they serve function in crypto space to protect traders and safeguard their earnings. But as traders we must put in our minds what is the real function os this token, not ideal for keeping long term.

In my opinion, this token was created in order to store money in the crypt for a long time and reliably. Due to the fact that the token has a huge liquidity due to its binding to Fiat, the coin will have value in the market, even if the entire crypt suddenly goes down sharply. This is unlikely, but all scenarios must be considered. And here USDT is your assistant.

[DU18]

I like to use USDT to process trading and i also use this currency to buy some new tokens. There is no doubt that almost all traders use usdt to complete their daily trading tasks. I first taught my younger brother to use usdt to teach trade because it is much easier to trade with usdt as new. However, many holders convert to usdt when the crypto market goes down and there holding token.

Usdt is one of the most stable altcoin price movements among other altcoins on the market, for me personally I would not buy usdt as an asset in the trading market because in my opinion it will only waste our time because we all know that usdt rarely increases price and vice versa, but if it's just for saving without expecting a profit, of course USDT is the right alt coin, and we can even hold it for a long time without having to fear loss because USDT is very unlikely to experience a significant price decline.

[Alohadanc3]

Yes. Absolutely. I didn't find any reason not to trust usdt. In the market there are a lots of stable coin available. But usdt is the most used stable coin among all of them.it has a huge market cap cause most of the people use it,most of the exchanges use it as a main stable coin. Ibknow there is many did about usdt going on. More than that people still trust this coin that is why they are using it. And I had no bad experience with usdt. So it's always okay for me to use usdtm but if you think usdt is not trusted then you can go with other altcoins. Cause in the market there are lots of alternative available.

[XCANA]

USDT is already very trusted because USDT is already a lot in several large exchangers moreover USDT is the main pair in all coins or tokens
other than that the USDT network is already very large examples of networks such as USDT ERC20 and USDT TRC 20 so there is no need to hesitate with this stable coin

True talk, USDT has been one of the major coin that always bee pair with other good coins around the cryptocurrency. Although, the reason why thousands stood against the coin was that, it wasn't backed by the US government who are the rightful owners of the coin. Though, hope the united State don't freeze those coins(when the war of ownership step in)  in their respectively cryptocurrency exchange.

[BitcoinHunt3r]

USDT for me, with my personal opinion, is almost same with other, maybe for investment wouldn't really worth to do with it because it's price keep stable and profit that we can get is not worth with time that we need to hold, maybe about trust, i will concern my trust to a coin that can be good to use as investment, that is why i keep do research about coin that i will use as an investment.

[Shasha80]

Of course I really trust USDT, because so far I have never had any problems with depositing funds in USDT. Moreover USDT
has a high enough demand, because it is proven to be able to save our assets in crypto. Because USDT includes stablecoins
whose prices are comparable to USD, hence it will not be affected by the volatile crypto market. And if USDT is not trusted
by investors it is unlikely to have a larger volume than Bitcoin.

[Cryptoababe]

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?

After voting yes. I see, 97% of people trust USDT. Even if the USDT can't be trusted at the beginning, it has served a lot of purpose in the cryptocurrency market without failing for once. So, USDT is a good asset for stable coin.

[bobyhodob]

USDT for me, with my personal opinion, is almost same with other, maybe for investment wouldn't really worth to do with it because it's price keep stable and profit that we can get is not worth with time that we need to hold, maybe about trust, i will concern my trust to a coin that can be good to use as investment, that is why i keep do research about coin that i will use as an investment.

indeed because the USDT price movement is not too much, it will be difficult to find profit at a stable price, not too valuable for investment, it must be able to have very good price movements and always go up as happened with bitcoin from its inception until now the price can be very expensive which means that bitcoin is very suitable for investment.

[lifeinmountain]

as USDT tether always claim that there token is pegged by 1:1 USD dollar. but in the last few months, there is an increase in printing of USDT which is suddenly increasing in the supply of USDT. and people doubt that. if they going to scam it will hurt more crypto world. because mostly investor secures their funds in USDT as it is a stable coin and support many blockchains.
as a suggestion, you can keep your fund in multiple stable coins BUSD, DAI,USDC.

[Gumbo88]

I am trust USDT, i traded coin 3 years ago and just used USDT to trade with other coins. It's so popular.

[Vishnu.Reang]

as USDT tether always claim that there token is pegged by 1:1 USD dollar. but in the last few months, there is an increase in printing of USDT which is suddenly increasing in the supply of USDT. and people doubt that. if they going to scam it will hurt more crypto world. because mostly investor secures their funds in USDT as it is a stable coin and support many blockchains. as a suggestion, you can keep your fund in multiple stable coins BUSD, DAI,USDC.

USDT is increasingly looking like a scam to me. During the past few months, the market cap has increased by at least 4 times. How can they increase their market cap like this at a time, when they are still under investigation from the New York appeals court? There is no independent audit of their backup and if the ruling is against the Tether foundation then you can expect chaos in the market.

[gwapoinside2]

USDT is one of the earliest stablecoins created and have always been among the top crypto in the market. But, there something in the ways the platform is run that is a bit doubtful. Maybe that is why it is a bit hot right now in the government and is being investigated. But anyway, whatever crypto in the market is a risk.

[BITCOIN4X]

USDT is one of the earliest stablecoins created and have always been among the top crypto in the market. But, there something in the ways the platform is run that is a bit doubtful. Maybe that is why it is a bit hot right now in the government and is being investigated. But anyway, whatever crypto in the market is a risk.

It is okay to trust USDT as one of the crypto asset whose price is supported by USD 1:1. I use it a lot in trading and USDT is generally used as a trading pair. But I have heard many accusation against them and that make it a questionable asset. In the crypto world, anything is possible and can change at any time. To be honest, I don't have much information so far regarding the USDT accusation, but it's good not to trust 100% as a completely safe asset.

[EMV]

I certainly trust.  Companies hold their assets in USDT in millions of dollars.  There have already been so many conversations on this topic, but the token is developing and feels great on the market.  As soon as he was released, everyone said that it was a scam, as a result, his turnover is trillions of dollars.

[ololajulo]

the most important feature of stable coin or USDT is the marketcap in cryptocurrency. The high it rises the strong the space in ability to cope with dump in price. USDT has grown from less than $3b to over $15 this year. If the value could grow beyond $100b through the bull market, it gives an advantage for the level of dump. Since USDT has enough Fiat to depend the value it is more substantial and stable than other coin.

[cute nmp]

Well many people do trust USDT more than many altcoins because it is very stable . Many stored their money in USDT to avoid loss.Although bitcoin and ethereum are sometimes stable USDT proves to be more sustainable than all of them.

[jacafbiz]

The issue I have with Tether is not about if the tokens are backed by actual Dollar, but Tether as a company in the space is getting too strong, we know they never pretend to be decentralised but fixing people's fund on chain at will is something that worries me, anyone holding this token could get his/her tokens frozen and their decisions would be final

[24Kt]

The issue I have with Tether is not about if the tokens are backed by actual Dollar, but Tether as a company in the space is getting too strong, we know they never pretend to be decentralised but fixing people's fund on chain at will is something that worries me, anyone holding this token could get his/her tokens frozen and their decisions would be final

They still have the control over your holdings even if it is decentralized. When I first read the article before about the lies that they really didn't have the actual backing of US dollars as they are pegged to this currency, I doubt about their authenticity from then on. Right now, we don't know the absolute truth about their assets. They can be lying for all these years. So I really don't trust this platform.

https://www.forbes.com/sites/francescoppola/2019/03/14/tethers-u-s-dollar-peg-is-no-longer-credible/#9d1cb6d451be

[SaShiRaJaVu]

I certainly trust.  Companies hold their assets in USDT in millions of dollars.  There have already been so many conversations on this topic, but the token is developing and feels great on the market.  As soon as he was released, everyone said that it was a scam, as a result, his turnover is trillions of dollars.

Not sure companies will be holding millions of dollars worth in USDT, but it is used by many. The issue i have in this situation is that they already proved that they are not transparent about the assets. I will use them but i will never trust in holding them for the long time.