Is USDT trusted to use?

[BChydro]

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.

If you think that the authorities has the ability to shut centralized stable coins then the rest of the stable coins will vanish just like that, the first that will be targeted will be the privacy coins we have and i am also not a fan of USDT because they are running a shady business and so is the case with the rest of the stable coins, what these centralized coins say we ought to believe and other than that i do not have a clarity whether they really peg what they are claiming.

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.

Not heard or used these and hence no idea.

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.

You can always convert your bitcoin to Dollars or Euro according to the exchanges you are trading if you really do not trust these crypto stable coins and that is how i do and that is the safest option in the market.

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[flagpara]

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 found several post about this USDT coin, in all every one has doubt hold or not in this coin. For me I'm using it without any problem for long time. If you don't feel safe than I would suggest to go with DAI or new Binance USD. Binance exchange is the most trusted exchange in cryptocurrency. Cryptocurrency has almost 6-7 stable currency.

[LbtalkL]

There is some bad rumor about USDT but it is the most used stablecoin so far with lot of volume bigger volume than bitcoin, almost available in all exchanges. I heard before that USDT was used to pump the market they just print and pump but I guess they can also dump or crashed the market or should I say manipulate the market. Some stablecoin has the ability to frozen any USDT asset it is like a centralized coin for me. But it is useful on trading In fact, I am using it but not holding it for a long time.

[gundala]

There is some bad rumor about USDT but it is the most used stablecoin so far with lot of volume bigger volume than bitcoin, almost available in all exchanges. I heard before that USDT was used to pump the market they just print and pump but I guess they can also dump or crashed the market or should I say manipulate the market. Some stablecoin has the ability to frozen any USDT asset it is like a centralized coin for me. But it is useful on trading In fact, I am using it but not holding it for a long time.

Because of the many bad rumors, I also only use USDT to move assets. Moreover, volatility is low, if used as an investment is less effective. Unless there is an unexpected event when the sharp decline due to the domino effect of the pandemic in all investment product markets a few weeks ago.

[trauchot]

As for me, it is safe to keep your investments in USDT, of course, do not forget about various risks in the cryptocurrency sphere, but judging by the volume of USDT trades, a very huge number of investors constantly keep their investments in USDT and this means that very many people trust USDT.

[tabas]

If you happen to think that USDT might be frozen by the authorities then you better stop using them as your stable coin. There are choices that you can have from USDC, GUSD, DAI and other stable coins that have no current issues.

As for me, it is safe to keep your investments in USDT

You better not.

[matchi2011]

As for me, it is safe to keep your investments in USDT, of course, do not forget about various risks in the cryptocurrency sphere, but judging by the volume of USDT trades, a very huge number of investors constantly keep their investments in USDT and this means that very many people trust USDT.

It's the way of taking advantage of certain situation, if you are planning to save your investment into USDT due of seeing that there's a major crash that will going to take place then better doing it. There are large numbers of traders who also use this assets and convert it if they've seen opportunities. It's how traders works for every chances that they can take, Do your deeper research for you to be more comfortable using this asset.

[shaheer001]

USDT I like fiat currency and this is a very good entry in decentralized market as when you consider market s going down then you can exchange your crypto assets like BTC, Ethereum, BNB in USDT to avoid losses.

[ElmedoRator]

No cryptocurrency is really reliable in this market. Its price could collapse anytime if there is FUD, and you need to accept this if you are here and want to make a profit. USDT is one of the leading stablecoins in this market and you can trust and use it

[Anonylz]

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.

Although I can not say I completely trust usdt or not but usually use sometimes to store my funds in exchange since many exchange support it, but recently I read about BUSD in Binance and how it is 100% backed by us dollars, the fourth largest stable coin with a market cap of about $200 million and is also regulated by the new york state department of financial services (NYDFS), I think this is worthy to look at.

[FairUser]

Of course it's reliable, you can use it or hold it for as long as you want. The price of USDT will never change because it is backed by USD, the largest FIAT in the world. I have been in this market for many years but have never seen USDT crash even though they have a lot of FUD in the past.

[puremage111]

Despite of their controversy
We can't deny the fact that most people are using USDT and most of the newly minted stablecoins are on USDT
It has the liquidity everywhere thus lower down spread between pair

Look at Binance USD pair, the liquidity ain't good enough thus the spread is big on certain pairs
Well i won't really put full trust on USDT yet i do use it as a method of transaction
Just take care of what's happening around it and you will be fine i guess

[masterrex]

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 think there is a lot of stable coins out there to choose from and not just limited to USDT alone, so why we bother ourselves with it, but let's accept the fact that USDT is most used USdollar-backed stable coin in the market, so if you don't trust USDT, then you can pick other US dollar-backed stable coins like USDC, PAX, etc and even the Gold-backed stable coins if you wish. IMO, centralized or decentralized aspect is not a big deal to me as long as there is an option to choose.

[itsv]

I think there is a lot of stable coins out there to choose from and not just limited to USDT alone, so why we bother ourselves with it, but let's accept the fact that USDT is most used USdollar-backed stable coin in the market, so if you don't trust USDT, then you can pick other US dollar-backed stable coins like USDC, PAX, etc and even the Gold-backed stable coins if you wish. IMO, centralized or decentralized aspect is not a big deal to me as long as there is an option to choose.

yea USDT is most popular among exchanges and it has most trading pairs available. But i agree there are lots of other stable coins as well. It all depends on which school of thought you believe or follow if you listen to Chico Crypto on youtube he has done numerous video's on the shady things that are going on with USDT.

[isaac_clarke22]

I don't think that you "should" but you can invest in USDT especially if you're day trading a lot.
A long-term hodler like me won't bother to do that.
I don't really advise too much for people to stay in stable coins because in the end they might just lose their values in the end, and that's far more worse than losing into an unstable coin that would just regain its value in some time.

[beerlover]

I don't get people who take a look at the volume of USDT and think that it is a trusted currency right away just because of it. I am sorry but even bitcoin cash and ripple has high volumes but nobody should trust them neither, these are coins all centralized and all controlled from one source and I will never believe into something that has a centralized place.

USDT basically has the tether company, tomorrow that company could come up and tell everyone "sorry people, we are no longer supporting it and you can't get dollars for it anymore" and the whole currency will be waste of digital ones and zeros all of a sudden, in like a minute. Same goes for all the centralized ones like BCH, BSV, XRP all of them could literally worth zero tomorrow if the owners want to, I will never trust a coin like that.

[olabiyijummy02]

I realize that USDT should be a steady coin which keeps on rising to one US dollar what ever the cost of Bitcoin is . In any case, I have likewise perused a few reports that they kept on printing boundless measure of USDT during the bull run in 2017 so that can receive in the benefits . So be cautious . Crypto is still crypto.

[htsy585]

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.

To be honest, security is among the core features proposed by blockchain technology but the entire underlying of the cryptocurrency market is not secure, all the hacks and the fact that the market isn't meant to be regulated validates the fact that cryptocurrency is not a secure form of financial institution. A developer owning a cryptocurrency might decide to shut everything overnight without any much repercussions to him other than running millions of people bankrupt. But i think USDT is the most used and trusted stablecoin out there, i used them personally and i don't think they are going any time soon

[bittraffic]

Is it really possible that authorities will freeze USDT in the future?

It seem a big project really, it even have a TRON and ETH version of USDT that we can either store it outside the exchange in the TRX or ETH wallet. 

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.

To be honest, security is among the core features proposed by blockchain technology but the entire underlying of the cryptocurrency market is not secure, all the hacks and the fact that the market isn't meant to be regulated validates the fact that cryptocurrency is not a secure form of financial institution. A developer owning a cryptocurrency might decide to shut everything overnight without any much repercussions to him other than running millions of people bankrupt. But i think USDT is the most used and trusted stablecoin out there, i used them personally and i don't think they are going any time soon

It ranked in the 4th with $6B cap. Its the most used stablecoin despite the development of more stablecoin in the market like USDC and BUSD,  Tether still is the most used.

[Btc_1856]

I think there is a lot of stable coins out there to choose from and not just limited to USDT alone, so why we bother ourselves with it, but let's accept the fact that USDT is most used USdollar-backed stable coin in the market, so if you don't trust USDT, then you can pick other US dollar-backed stable coins like USDC, PAX, etc and even the Gold-backed stable coins if you wish. IMO, centralized or decentralized aspect is not a big deal to me as long as there is an option to choose.

yea USDT is most popular among exchanges and it has most trading pairs available. But i agree there are lots of other stable coins as well. It all depends on which school of thought you believe or follow if you listen to Chico Crypto on youtube he has done numerous video's on the shady things that are going on with USDT.

For me, most of the cases I used to hold my profits in USDT only, for many days, we are seeing one of the best stable coins in the market. Of course, there are many negative videos about the Bitcoin too, Crypto is always crypto, we should liquidate whenever we need, so always to hold a little amount of money in USDT in order to reduce the risk.