Do you trust USDT?

[Smartprofit]

I don't trust Tether (USDT).  USDT has disadvantages inherent in both cryptocurrencies and fiat money.  

I am mindful of the risks of using USDT.

Risks associated with USDT:

1) Risks (potential) of issuer fraud;
2) Risks of attack from regulatory authorities;
3) Technological risks;
4) Risks that tether will be declared an illegal monetary surrogate;
5) Risks of lack of collateral (1 USDT is not secured by 1 $).

When trading on a crypto exchange, stablecoin can be useful.

But I will be fixing my profit in Bitcoin.

[Mdashraf446]

USDT is a stable coin.  Which keeps pace with the value of usdt.  We always do usdt when we trade.  Another important aspect is that it protects our bitcoin from declining.

[Roidz]

USDT is a stable coin.  Which keeps pace with the value of usdt.  We always do usdt when we trade.  Another important aspect is that it protects our bitcoin from declining.

Usdt is one of the cryptocurrencies whose prices are quite stable in the market so that many investors / traders choose usdt alt coins as their means to save money to make it safer, because we know that usdt has rarely decreased or has significant price increases in its history, so that it is makes investors reluctant to make USDT as their investment asset and only chooses as an asset to save money to avoid large losses when the market is experiencing a downturn in price.

[ropyu1978]

Why not trusted with USDT? I think is table coin and keep the same value for long term, if you wanna hold and save your money better use USDT without have inflation and keep stable with the same price. But for investor USDT the only currency when facing the bad moment when bitcoin and altcoin going down they convert assets to be USDT, after bitcoin and altcoin raising to higher price will buy and sell USDT to get bitcoin or altcoin looking with potential price later. The same moment when bitcoin back again to lower price because only USDT is the stable coin right now.

[Blackrain13]

I always used USDT in trading and I think there is no problem as long as USDT is tradable and can use to earn. I don't believe that this is a scam because it continuously use in different crypto exchange. It is a good stable coin so far.

[Greatchu]

USDT is very reliable among other stable coins in crypto world, though it's centralized but that doesn't bug or bother me, it has the highest trading volume and that's why it's the best stablecoin for most traders, its well supported as it's available not only on ETH ERC20 smart contract

[dannybrown]

it certainly makes more sense to use dai instead of tether.
The Tether is a central structure, and we can't really know if there's money behind it.
But dai is based on Ethereum and ethereum is a great decentralized platform.
The choice is yours.

[Rimon365]

Yes, I trust USDT. USDT is stable currency. For this, the market is down, but USDT does not have any effect.
 I believe this because last 1.5 years I would use USDT. But I never had any problems.

[Festac]

USDT have earned enough trust since they launch in crypto space, there is nothing to worry about, almost all top exchanges on crypto space accepts and support USDT more than any other stable coins, only scammers should fear USDT because they can freeze stolen funds

[bussybuddy]

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 find it very stable and secure to secure the property.

With a crypto that you can use to treat it as dollars in life.  I agree they are lacking in transparency about the information in this market,
but perhaps the time they spend in this space is of great value. I see usdt almost as a bridge connecting crypto to real assets.

[Untomabur]

I think usdt is the best stable coin and i dont think that there is any problem that usdt can cause to theire users
Usdt have the hugest volum amoung the stable coins and i think everyone trust ut

yeah, everyone believes in USDT, seen in all cryptocurrency exchanges USDT is always available there,
because now USDT is very important for capital circulation,
everything still depends on the price of USD, I think this will continue

[Winscosinally]

USDT has the best liquidity and volume among all other stable coins in crypto world, if USDT can't be trusted exchanges like binance and many other top rated exchanges won't list the stable coin, top exchanges takes their reputation rate very seriously.

[DU18]

how do people say if it's a scam/to be controversial? USDT is a stable coin that I have seen until now and there are still many people who offer their assets to USDT when all coins experience a decline in price

I also still really believe in USDT

USDT is a stable coin whose value is pegged to the US dollar. USDT is here to protect its users from the high volatility of the crypto currency space, so that it makes investors / traders make USDT as an alternative to save their money when market conditions experience a massive decline in price, in other words USDT is a means investors to secure their assets, so it seems impossible to say if USDT is a scam alt coin, we can see when the market is slumping and many alt coins and even BTC experience price rallies but this does not happen to some stable coins including USDT

[Tomcolor]

I am really USDT fan which is the best stable coin and also help me always when i have been work in trading. I know there are many people in crypto who want USDT for trading and convert purpose. Actually stable coin very helpful for all new traders with small investors so we should consider clearly.

[Ratash]

I do trust usdt i swap my coins to usdt when i want to froze them if my tokens price is going down and i do not want to  lose money and usdt has proven its worth even if the ratio is some times not 1:1 but even if the price goes down its almost 1$ plus its the best stable coin in the market now in term of daily volume and people support.

[Slingshot]

This question really sound kinda not cool. Usdt is one thing everyone uses for rescue should in case a coin wants to dump on anyone. Yes I trust usdt more than anything and I am happy there's something like that. When coins are going low stable coin like usdt is the only option to be secured so I am 100% good using it.

[manfredmann]

Yes of course, USDT is no difference from a fiat currency which is US dollars after this currency was being peg to US dollars as its equivalent to cryptocurrency. The good thing about the cryptocurrency is like the USDT if you are fan witu cryptocurrence, the trade is cheaper in cost than using the fiat currency. Banks gets high fees compare to cryptocurrency which you do have hold in your funds and control over it.

[Buttermellow]

Yes, like other members that has voted I do believe that USDT can play and important role in cryptocurrency. I just read in other threads that the increase of supply in USDT means that bitcoin will have a better market and yes probably there is a connection between because USDT has just increase its supply and that bitcoin market now is also good pegged at 15300$ per btc. Maybe there could be more market inrease in the coming days of bitcoin.

[royalfestus]

Which currency is competing with USDT? and why will I trust other coin more when they still remain lower in use, adoption and keep reducing in value. I dont know of the future but the threat to USDT should reduce with the new American leadership. USDT is the valuation of the whole market of crypcocurrency, stock market, gold etc. It retains the highest traded coin volume and stable coin value (Tether, BUSD, USD coin etc (more than $20b) and 5% of the coinmarketcap in crypto

[pedrillo0]

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 me it is one of the most reliable.

But I still remember when they themselves could have participated in the 2017 bitcoin bubble.

It is still a question to be solved ...