Is USDT trusted to use?

[novaprime]

At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.

Tether acts like bank indeed but where is their banking license?

Tether is not a bank and they have no right to print USD because they ain't the FED neither.

It is a major scam no matter how you look at it.

Why do you think USDT is a scam when almost all exchanges use this coin. I think you're wrong here because USDT is the only stable coin that I feel the best and has a great deal of support from the top exchanges. In addition, if you want to switch to fiat, up to 80% of users will use USDT to transfer because this is the easiest way to avoid volatility of this market.

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[BigBos]

At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.

as long we could withdraw the money fine and have no problem or struggle doing anything most of us won't mass panicking. sure they'll collapse if people are mass withdrawing but well that happens the same too to most of the banks.

even banks will fall when everyone withdraws their assets. however, there is still a lot of negative news about the development of the USDT, such as funds that are not 100% covered with dollars, or anything else. but, as far as I'm using it, it's quite satisfying.

[Shasha80]

To be honest, there is no guarantee of safety in the world of cryptocurrency, but the USDT includes cryptocurrency that has existed from
2015 and now already in the top 3 ranks. Then the trading volume is above Bitcoin, with all the evidence it is actually very safe to use USDT.
But there is no harm in us being more careful, so use stablecoins like USDT only to avoid volatility in the crypto world. Not for long-term
investments or saving large amounts of money in USDT. 

[shinratensei_]

At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.

If it's fully backed and it will always be stable because it's pegged with the commodity that has already used to backed tether with 1:1 ration. Sometimes the flash dump can make it goes even lower than the 1;1 rate caused by the market has no liquidity but it looks like everything is stable right now.

[sfireman]

At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.

If it's fully backed and it will always be stable because it's pegged with the commodity that has already used to backed tether with 1:1 ration. Sometimes the flash dump can make it goes even lower than the 1;1 rate caused by the market has no liquidity but it looks like everything is stable right now.

I'll be a bit skeptical about the fiat-backed fraction 1:1. Until now, I can't find any trusted source that says Tether was back 100% by real US Dollars. However, because we don't have too much choice in the market, Tether is usable and reliable for now. We can't say anything for sure for the future, but right now USDT is one of the best stable coins that we can use!

[arufox]

Currently, USDT daily trading volume is over the Bitcoin trading volume and fourth highest market cap according to Coinmarketcap. My opinion is We can't trust the centralized stable coin to keep the money. Also, news around the USDT is not good, and it may be shut down by the authorities.

What is your opinion about the USDT coin?

I use the DAI to keep the stable value & will shift to the SAI in the near future where the money I'm not investing.

I don't know how to use USDT except, trade it and using it as safe investment, even though USDT daily trading volume is over the Bitcoin trading volume, but this is stablecoin, you can't get a lot of profits. And recently USDT have bad news about freeze, centralized, etc, this is so bad. For me, i will stay away from this coin

[slashz9]

the news is indeed true that the company or those who manage usdt can close it at any time.
but that will not just eliminate USDT, until now almost all exchanges have USDT pairs that are more famous than other stable coins and are more widely used.safe or not we don't know.

[layoutph]

Although USDT is being used by a vast number of trading site. It is a not a good option to transfer money from USDT to another USDT wallet. There are tons of horror stories about failed transaction so for me it cannot be trusted.

Currently, USDT daily trading volume is over the Bitcoin trading volume and fourth highest market cap according to Coinmarketcap. My opinion is We can't trust the centralized stable coin to keep the money. Also, news around the USDT is not good, and it may be shut down by the authorities.

What is your opinion about the USDT coin?

I use the DAI to keep the stable value & will shift to the SAI in the near future where the money I'm not investing.

[marks1976]

Although USDT is being used by a vast number of trading site. It is a not a good option to transfer money from USDT to another USDT wallet. There are tons of horror stories about failed transaction so for me it cannot be trusted.

Currently, USDT daily trading volume is over the Bitcoin trading volume and fourth highest market cap according to Coinmarketcap. My opinion is We can't trust the centralized stable coin to keep the money. Also, news around the USDT is not good, and it may be shut down by the authorities.

What is your opinion about the USDT coin?

I use the DAI to keep the stable value & will shift to the SAI in the near future where the money I'm not investing.

Is that really true though? as far as I'm concerned it just works like any other token out there. I mean so many people have used USDT for transfer but they're doing just fine. maybe small fraction amount of people are doing somekind of mistake when sending their transaction.

[riskyron]

Tether acts like bank indeed but where is their banking license?

Tether is not a bank and they have no right to print USD because they ain't the FED neither.

It is a major scam no matter how you look at it.

so feds with their money  printer are totally legit?

I don't see any threat for users from Tether.

sometimes it doesn't matter what's on paper if your mind tell you where is scam.

[Eddyc]

In my opinion, the USDT is a means of financial stability that aims to insure its immediate values of a coin or token for a possible future of manipulation or to enter markets where the USDT is most valued and required. We can consider a diversity and not an investment bank because the value cannot exceed 1 Dollar.

[giammangiato]

In my opinion, the USDT is a means of financial stability that aims to insure its immediate values of a coin or token for a possible future of manipulation or to enter markets where the USDT is most valued and required. We can consider a diversity and not an investment bank because the value cannot exceed 1 Dollar.

in my opinion instead the success of usdt is in the fact that people who trade or other financial transactions need a tool to park the crypto momentarily (pause).
it is very useful for this, moving to FIAT means paying taxes for operations that may not have been completed (in some country)

[VIP BTC]

Currently, USDT daily trading volume is over the Bitcoin trading volume and fourth highest market cap according to Coinmarketcap. My opinion is We can't trust the centralized stable coin to keep the money. Also, news around the USDT is not good, and it may be shut down by the authorities.

What is your opinion about the USDT coin?

I use the DAI to keep the stable value & will shift to the SAI in the near future where the money I'm not investing.

I am more interested in USDT. And I am sure that the USDT will survive well despite many negative issues that develop. The journey of the USDT has been very successful, in a short time the USDT was able to reach the position of three CMC. Even daily trading volume is number one.

[SARA ISLAM]

I never hold USDT for the long term, I only buy USDT when Bitcoin goes to bearish trend while trading and wait for bullish, but if you want to hold electronic money, You have to trust someone or other. Reviewing BTC USD Trading Volume, it can be said that it is trusted because a huge amount of trades are made, if you don't trust USDT, there would not be so much volume.

[Sourhearrt]

I have no problem holding USDT on my trust wallet, all I avoid is buying the stable coins from unknown or less trusty source, I buy mine from binance meaning it's clean, stable coins like USDT is not something you can buy from just anybody, it can get freezed easily

[Sourhearrt]

People don't need to completely trust USDT/stablecoin when using it. Because USDT/stablecoin is the only way to keep your asset's value when market on a down trend.

USDT can be used to trade and I think that's what they are very good for, trading, I store few USDT so I can buy top coins when or if bears market comes unexpectedly, USDT and other stable coins like USDC are very very good for those who know their worth

[Towerbreeze]

Stable coins are so useful

1. For trading
2. For taking advantage of red market
3. For storing $$$ at 1$ pegged price

About been centralized or not, that's your choice to make, I believe you shouldn't be in worries unless you are into illegal stuffs which can get your USDT address frozen

[Rana590]

I have no issue with USDT.I am using it for a long time. I trade USDT and it is very benefited. As USDT is a stable coin, it has more advantages. It is trusted and safe to to use. For holding coin, USDT can be perfect choice because of being stable. There is no risk to big loses.

[Coin BTC]

What is your opinion about the USDT coin?

Actually I also suspect the USDT volume is too large. Where they get that much money. Their supply continues to grow. Supplay moves slowly. I think USDT is chasing Ethereum. Ethereum has a time for low values so that the total marketcap will decrease, while the USDT marketcap continues to increase.

[Sebas.tian]

For me in the cryptocurrency space, no money is 100% safe, so is USDT. Although since the USDT was created it has a lot of bad news but it is the most widely used stable currency, and for me USDT is just a currency to avoid volatility not to invest so I do not keep USDT long time.

The USDT don't have the US government consent before creation because they are the rightful owners of the said digital coin, this coin pose much danger to holders in the future because their funds can be frozen without their consent. Holding this digital coin should be with care as the coin can be stop. Remember, the US government digital currency will be USD pair and for USDT to make it will be under probability.