Do you trust USDT?

[devil2man]

usdt is my favorite stable coin and i think it will soon go to second place in the altcoins charts instead of eth, even if it is not 100% backsd with real dollars i trust it and a great way to make a profit day trading and to earn with the new defi platforms, in short, usdt is here to stay and help the world of crypto to grow in credibility and value

[Velvet78]

Tether is the largest stable coin in the cryptocurrency market. For this reason, we have to trust. If anything happens to the usdt, the cryptocurrency market will be destroyed. People can't trust them again and can't recover for a long time.

[olabiyijummy02]

 There are a great deal of obscure things going on with Tether. Right now I feel like most traders have minimal decision on most trades with regards to a steady cash. That is the reason they "need to" trust Tether.
 Regardless of whether it is genuine is dependent upon you to choose. For the time being they have worked admirably at remaining stable. Yet, that could before long be turned around.
I would state be cautious don't put all your cash on it on the off chance that you don't need to.

[inoes]

I interpret scam as trash, deception, not last long, hype, & harm. USDT is a scam? all of that needs to be reviewed. usdt is an example of a stable crypto currency and has a large volume and scalability of up to $ 34.46B. I often use it as a means of payment on Binance, but it is not suitable for investment because of its stable value.

[tunaduong]

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 a popular and stable stable  coin, for everyone, when trading things that want to cash out USDT to avoid many fluctuations in price and stability, I think about the future. It will still maintain more stability and development

[sharos]

I am just shocked after seeing this thread. Because, I am using USDT for sending payment from a long time. BTW, Then, It’s good to avoid USDT?

[suparigach]

Yes, I agree with you. Because USDT is stablecoin. It does not affect the market crush.

[Salauddin1994]

I am just shocked after seeing this thread. Because, I am using USDT for sending payment from a long time. BTW, Then, It’s good to avoid USDT?

I don't think it is better to avoid USDT because the USDT has to be used in different places to work in crypto and it applies to stable currency and fiat as the value of cryptocurrencies increases so will the value of the USDT. Also where there is no limit to easy transactions through the internet travel modernization international communication and comfortable modern transportation today has brought our world to a smaller range which will increase the value of USDT.

[carlisle1]

Yes, I agree with you. Because USDT is stablecoin. It does not affect the market crush.

It is Crash not Crush mate lol.


If you wanted a safer investment and wont bother of becoming zero value then USDT(tether) is the best place to put your money.
but if you are looking for risky but profitable then find other coins like Bitcoin and ethereum.

I am just shocked after seeing this thread. Because, I am using USDT for sending payment from a long time. BTW, Then, It’s good to avoid USDT?

we have our own perception in using crypto and not just by reading one post you will change that right away.
You have already mentioned using USDT for long time and now asking if you need to avoid USDT?

[H1N1]

I trust USDT, it has been long since USDT has been created and now used by most people in cryptocurrency as their stable coin.
When many people using USDT coin, i won't be afraid if the coin turn to a scam coin later because many people will take the case to the court.
This is the power of community, bitfinex can be sued if they are exit scamming many USDT users.

[Alohadanc3]

Yes I do. In this market there are lots of stable coins available. But usdt had the biggest marketcap.  Because people use it the most and people use it cause people trust it. I know there are many people who said usdt is not doing things in right way.  But I never faced any kind of problem regarding usdt. So I used it but if you thing usdt is not suitable for you then you can go for other stable coins. And if you are scared to hold your assets in one single stable coins then I would suggest you to devide your asset into two or three different stable coins.

[JahriMeayer]

Generally its known to us, there are many stable Crypto available in the crypto industry and Tether, known as USDT, is one of the oldest stable crpto among those. lunched in year 2014, till from then it is able to gain trust & helps us lots when uncertain Vulgar market condition occurred. Often i use usdt during bearish situation and honestly i didn't expriance any issue.but i can trust on it temporary, not for long

[criket]

Generally its known to us, there are many stable Crypto available in the crypto industry and Tether, known as USDT, is one of the oldest stable crpto among those. lunched in year 2014, till from then it is able to gain trust & helps us lots when uncertain Vulgar market condition occurred. Often i use usdt during bearish situation and honestly i didn't expriance any issue.but i can trust on it temporary, not for long

I think for someone who's been in the crypto market for a long time like you, you will know how to take advantage of a stable asset like USDT. investors also will not hold onto this asset for very long. they always convert their money into crypto and USDT at certain times. I think the market's confidence in USDT is beyond doubt.

[copoyes]

for now I still believe usdt is not a scam because it has been around for a long time and is also often used as an exchange or pairs to tokens for the first time it was listed on the market, and now USDT is a stable currency, it's hard to believe it will be a scam because almost all exchanges now have USDT

[dobol]

I mean why not? they already big and estabislished, it's also respected stablecoin, so i think there's no way that it will be turn into shitcoin or something like that. tether is most also most used stablecoins so far

[ufaiz50]

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?

For now I have faith in it, because to some extent nothing has made my mind change. Although we can't know for sure whether it is actually dollar-backed or not, and so far they are really stable and have a price tag of roughly the same as the dollar. I do not know some information about the correctness of the project, so as long as there is no proof so I am more towards "not sure" for voting, but most of the voting chose to believe it because in fact the USDT is stable and has a 1: 1 dollar ratio.

[nomenclatur]

USD and usdt have a different rate usdt have rated a lower price to the current price of usdt unstable if the price of bitcoin increases then usdt will drop the price usdt could not keep value quiet because the price is not really stable and have a price that is different from the USD is normal because usdt also part of cryptocurrency there must be up and down the price although very thin rate difference.

[Bitcoin Seller]

for now I still believe usdt is not a scam because it has been around for a long time and is also often used as an exchange or pairs to tokens for the first time it was listed on the market, and now USDT is a stable currency, it's hard to believe it will be a scam because almost all exchanges now have USDT

It is not any kind of a scam, and I suppose that Tether will be even used soon in banks’ operations. It is connected with the “head” of the traditional currency, dollar. If you deal with online transactions and crypto often, it will be reasonable to hold USTD (at least for making couples in trading).

[Jendral Istimewa]

Judging from the chart, USDT is very stable and there is no significant increase or decrease because this is indeed backed by the dollar at 1:1 ratio. and I really believe USDT, because this coin is in the top best altcoins.

[BChydro]

I think the market's confidence in USDT is beyond doubt.

I have mentioned this earlier in this thread itself, the market confidence of well known traders is not beyond doubt, if you ask anyone they will not trust USDT as a stable coin that you can trust in the long run, we know the issues they faced in the past and if reports comes out that they are having issues with the amount pledged as collateral then the entire things comes down. I am not telling it will happen but you need to understand the risk and the possibilities too.