Do you trust USDT?

[Freebieindia]

For short term i can hold USDT, but for long term i will prefer USDC of other reputed stablecoin.

[MCobian]

Of course I really believe in USDT, because the volume of USDT is higher than Bitcoin. This proves that the demand for USDT is quite high,
and that many investors also trust USDT. Until now I have always kept the profit I made in USDT when trading, so it is safe from volatile
markets. I also always convert my coins into USDT in a bearish market.

[Xxmodded]

USDT have good and potential price for the future because have big control for world finance, many moment Donal Trump make USDT have big value and keep profitable for holding in long term with less risk. When economic world become better will have new way how USDT become good currency and using around the world as good value. Just walking how economic world around when United State have big power will give positive respond for USDT keep have great value and always potential price at the future.

[southerngentuk]

I love this new blockchain of USDT called TRC20 , You can transfer USDT through it fast and zero fee! yeah zero-fee , and I think it's amazing, about usdt , yeah I trust it , as it is the oldest stable coin and has passed a lot of up and down and so many accusations and survived!

[hakertajniak]

What is the reason they said USDT is a scam coin ? As long we can buy the USDT with our fiat money and sell it back, it is not a scam.
Now that many defi projects have been created in cryptocurrency, stable coin like USDT will be required to be used in their platform.

[slackovic]

What is the reason they said USDT is a scam coin ? As long we can buy the USDT with our fiat money and sell it back, it is not a scam.
Now that many defi projects have been created in cryptocurrency, stable coin like USDT will be required to be used in their platform.

I don't consider USDT a scam coin. It's a coin that is pegged to USD in a way that company behind it (Tether) should have USD and other assets in their balance. There are rumors that their asset balance is not equal to minted USDT tokens. They had audits but it didn't stop the rumors.

[ekeh]

USDT is simply know as a stable coin in the crypto currency industries, which traders normally used to trade, to enable them to maintain the actual amount, after trading, which was applicable to many cryptocurrency exchange platform.

[Salauddin1994]

The value of USDT is much higher for every trader in the crypto industry everyone invests more in USDT when it comes to currency transactions i believe in USDT and are much safer no matter what the market situation. Also USDT is a decentralized open source protocol built on ethereum that acts as a crypto money market users can provide crypto and earn interest or take out crypto.

[ije07]

yes, stable coins like USDT have a fixed ratio value or are often thought of as dollars and this is a safe investment for your money. USDT is often used by users for trading pairs. I personally trust and use USDT coin as a trading pair and nothing more.

[giammangiato]

Yes I trust in USDT, in the last KuCoin hacking they blocked everything and gave back to the users their coins. This is a good thing for our safety, maybe not for the decentralization but in this case I am happy

[Lerikaweb]

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?

We usually sell bitcoin or other tokens for usdt to stop the losses or to fix the revenue in dollars. It is okay, but the bad thing is that bitfinex can emit any number of usdt tokens which will end up in an inflation)

[AjithBtc]

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?

We usually sell bitcoin or other tokens for usdt to stop the losses or to fix the revenue in dollars. It is okay, but the bad thing is that bitfinex can emit any number of usdt tokens which will end up in an inflation)

Controversies will continue relative to USDT, for the same does there is any decline in its value or market circulation. Quite often Tether release audit claiming each Tether being backed by $1.  For some reasons third party audit weren't done for its uncertainty in regulation. Yet, it is posted with the largest to be circulated against trading bitcoin.

[Freescan]

The USDT / Tether stable coin is the oldest stablecoin that can be relied on to freeze your money. But why do so many people dislike USDT or even disbelieve it? whereas in my opinion stable coins like this are very good for trading pairs because the price is stable.

[michjoe93]

yes,because they have huge trading volume so i can finish the trading get my BTC or ETH in a minute.so for the convenience on trading,USDT is trustworthy.

[jerry0]

I mean usdt has been out a while already.  So if someone has a lot of usdt in their account... should they feel uncomforatble?  Imagine like 5k usdt or more.  Or say someone with 50k usdt or more for more serious uesrs.

[bitcon]

yes,because they have huge trading volume so i can finish the trading get my BTC or ETH in a minute.so for the convenience on trading,USDT is trustworthy.

Most cryptocurrencies have 2 significant disadvantages. The 1st is not being provided with real assets. The 2nd one is exchange rate volatility. The USDT solves both problems — it is backed by US dollars at a 1:1 ratio. If you trust a dollar, why do you distrust Tether? It allows you to trade on crypto exchanges as a substitute for the US dollar with low fees and almost instantly.
Yes, they manipulate the price, but what to do?

[magisterr]

yes,because they have huge trading volume so i can finish the trading get my BTC or ETH in a minute.so for the convenience on trading,USDT is trustworthy.

Most cryptocurrencies have 2 significant disadvantages. The 1st is not being provided with real assets. The 2nd one is exchange rate volatility. The USDT solves both problems — it is backed by US dollars at a 1:1 ratio. If you trust a dollar, why do you distrust Tether? It allows you to trade on crypto exchanges as a substitute for the US dollar with low fees and almost instantly.
Yes, they manipulate the price, but what to do?

I guess he meant risk with company which issued Tether - Ifinex (parent company of Bifinex, Tether and some others). The risk only in this, as this is centralized company and they have some problem with USA.

[fammy]

Yes for me it is one of the most trusted cryptocurrencies as of the moment in cryptoworld and market knowing the stability of this coin that makes many of the crypto holders hodl this low risk altcoin.

[Alohadanc3]

Yes, absolutely. I don't have any issues with using usdt. usdt is the most popular stable coin available in the market. It's not only most used stable coin in all altcoin ranks it comes in position 4-5. It has a huge market cap and day by day it's growing. I know there are many fud around usdt. I don't know that's are true or not. I don't fac any kind of problem so I use it. If you don't wantnto it's fine. In the market there are lots of choices for altcoin available. So you can pick one or another.

[uray]

What is the reason they said USDT is a scam coin ? As long we can buy the USDT with our fiat money and sell it back, it is not a scam.
Now that many defi projects have been created in cryptocurrency, stable coin like USDT will be required to be used in their platform.

The reason is their transparency on their promise of holding the worth equivalent as collateral whenever they mint new coins and that got them into trouble and if any authority finds out they are manipulating the market by adding new coins without any collateral then the entire market collapses. So you need to be careful as we have seen many fall apart in this market.