Is USDT trusted to use?

[Denreal]

The way in which USDT is being operated, also makes me be sceptical about it. However, I looked at the history and what is currently happening to the market in general, crypto enthusiasts need it a lot. The fact remains that I use it, but I do not hold t for long, believing more in investing in what will grow, than that which will just stay stagnant at a point.
So, since I do not hold it and it serves the function it is meant to whenever I want to use it, then I am fine with it.

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[bitkanu]

Yes! USDT is save due to the fact that it can retain is value  in most cases unlike others coins which are use for trading  that can  depreciate in value at any point in time.

That's true. the volatility that happened with another coin will be removed when we are using USDT and this is the best thing to be used when we are still facing this pandemic to make sure everything will fine about that.
Im also one of usdt users and this coin can be trusted anytime. There are some choices too like USDC and other

[inanilujimi]

Have you ever experienced problems with USDT so far ??
because until now I personally have never experienced any error, because in crypto there is no one that is safe, everything has its own risks.
we must understand that it is now more popular that is centralized  than not.

[ampere]

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.

When it comes to discussing usdt or other stable coins, i believe it depends on the type of personality.

If you are a trader, you can use usdt as a store gap, to quickly store your profit, before you enter another trade.
If you are an investor, you also keep your money in usdt, so that you can retain original value during dips period

A bounty hunter has no business with usdt.

In summary, USDT is trusted, but it can as well dip towards 0.9$, and always remember to store your assets in your personal wallet.

[litepool.ru]

Have you ever experienced problems with USDT so far ??
because until now I personally have never experienced any error, because in crypto there is no one that is safe, everything has its own risks.
we must understand that it is now more popular that is centralized  than not.

There is no project that is absolutely safe in this market, but for USDT we will never have a problem with it. I have been using USDT for years and have not had any problems with it, and certainly in the future it will be the same. You can completely put your faith in this stablecoin

[DeadCoin]

Have you ever experienced problems with USDT so far ??
because until now I personally have never experienced any error, because in crypto there is no one that is safe, everything has its own risks.
we must understand that it is now more popular that is centralized  than not.

There is no project that is absolutely safe in this market, but for USDT we will never have a problem with it. I have been using USDT for years and have not had any problems with it, and certainly in the future it will be the same. You can completely put your faith in this stablecoin

But it is not good to keep hold this stable coin. A stable coin is very useful in trading but not on holding. You cant able to gain with the stable coin because this will not fluctuate. The value will the same to fiat like dollar base. It is safe but not recommended to hold, it's better to hold hold Bitcoin than holding a stable coin in your portfolio.

[binhvo1505]

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 trust USDT and USDC, in addition I do not trust any other stablecoins. because USDT and USDC have been appraised by the SEC and legal agencies for prestige and technology mechanism, and it is completely qualified. When we use USDT, there is no need to worry too much about manipulation or fraud. As for the other stablecoins, I am not too interested and do not want to use it because the volume is quite low.

[thesmallgod]

How? Isn't USDT an ERC20 based ? maybe because it is a stable coin of which it is not the only one but most preferably used to minimize risk. I do not thin there is any risk that makes it at higher risk more than the other cryptocurrencies in as much as you used it on reputable exchange platforms. Do not forget there are many stable coins but USDT has been around for a long time

[thesmallgod]

Have you ever experienced problems with USDT so far ??
because until now I personally have never experienced any error, because in crypto there is no one that is safe, everything has its own risks.
we must understand that it is now more popular that is centralized  than not.

There is no project that is absolutely safe in this market, but for USDT we will never have a problem with it. I have been using USDT for years and have not had any problems with it, and certainly in the future it will be the same. You can completely put your faith in this stablecoin

But it is not good to keep hold this stable coin. A stable coin is very useful in trading but not on holding. You cant able to gain with the stable coin because this will not fluctuate. The value will the same to fiat like dollar base. It is safe but not recommended to hold, it's better to hold hold Bitcoin than holding a stable coin in your portfolio.

You may not be able to gain USDT when you hodl but when you are trading it, you can gain especially with those leverage tokens and this is the reason why the trading volume of USDT is very high as stated by op because alot of crypto trader trade it other pair and they use it to minimize lost during volatility

[Vishnu.Reang]

There is always a certain degree of risk associated with using Tether (USDT) despite its widespread acceptability. The problem is that the USDT promoters have lied in the past about the backup funds. They claimed that the token was 100% backed up with real assets, when in reality it was established that the backup level was much lower than what they claimed. And then came the Bitfinex-Tether scandal, in which the exchange used funds from Tether backup for trading, without any intimation to the users.

[Viscore]

There is always a certain degree of risk associated with using Tether (USDT) despite its widespread acceptability. The problem is that the USDT promoters have lied in the past about the backup funds. They claimed that the token was 100% backed up with real assets, when in reality it was established that the backup level was much lower than what they claimed. And then came the Bitfinex-Tether scandal, in which the exchange used funds from Tether backup for trading, without any intimation to the users.

I guess I heard this before, but people are still using TETHER now and we've seen its good volume, it has the biggest volume of all the stable coins.
That time I just don't pay attention to the news since personally I am not using stable coins with my assets, I prefer to do short term hold or just hold longer when the market is unstable and just wait until the price will rise.

and with OP's question..

Is USDT trusted to use?

I think most traders are using it, so it's trusted.

[BChydro]

There is no project that is absolutely safe in this market, but for USDT we will never have a problem with it. I have been using USDT for years and have not had any problems with it, and certainly in the future it will be the same. You can completely put your faith in this stablecoin

No one claims that Tether have a problem right now when it comes to transaction but the problems comes when there is an investigation coming out regarding the backing they claim are forged and if that happens the complete market crashes and considering that risk then you cannot completely put a blind faith of these so called stable coins, i will never suggest anyone to use these stable coins to hold for a long period but if you are trading momentarily then it is fine as long as you are monitoring everything.

[ballerin and giroud]

I only choose USDT for my trading pairs and also I choosing it when the bitcoin and altcoin price are decreasing I will choose USDT to put my money. I think when I do this thing will save me when there is a bad thing happen. Also I was thinking that choosing USDT for long term holding is not a good way, firstly you have to aware that you came to this industry because you need to add your money or your initial money whereas USDT is not an investment place. You can see its movement price, need a long term for you to make your initial money is increas.

[Bitstar_coin]

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.

my best Stable coin at the moment is BUSD because 1 BUSD is backed by 1 USD (not claimed by CZ)..it is also audited by New York Department of Financial services NYDFS..USDT is backed by no human in this world..the most approved and real stable coins..PAX..BUSD and USDC...but overall, be careful while handling stable coins. Don't get too comfortable

[mdzahed134]

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 depend on USDT when i need to freezing my money instead of altcoins. In my thought it’s definitely better choice of different stable coins. Actually no coins are guaranteed, crypto is volatile, but you can used USDT because which one choosing/recommend most of members, it’s getting more promotion for a lot of bad. Who's will never invest stable coins for long term.

[slackovic]

All of you who says that USDT is the best stablecoin and that no one can take it's number one place. Did you know that most of stablecoins can be frozen? And by frozen I don't mean stablecoins that you hold on an exchange. Even stablecoins that you hold in your own wallet can be frozen in order to remain compliant with regulations. According to post I have linked, only DAI coin can't be frozen.

[Farma]

All of you who says that USDT is the best stablecoin and that no one can take it's number one place. Did you know that most of stablecoins can be frozen? And by frozen I don't mean stablecoins that you hold on an exchange. Even stablecoins that you hold in your own wallet can be frozen in order to remain compliant with regulations. According to post I have linked, only DAI coin can't be frozen.

in addition, my USDT also received information that only 70% of USDT was actually backed up with dollars. however, I think that could cause problems someday. but, although many people already know that, the use of USDT continues to this day.

[slackovic]

All of you who says that USDT is the best stablecoin and that no one can take it's number one place. Did you know that most of stablecoins can be frozen? And by frozen I don't mean stablecoins that you hold on an exchange. Even stablecoins that you hold in your own wallet can be frozen in order to remain compliant with regulations. According to post I have linked, only DAI coin can't be frozen.

in addition, my USDT also received information that only 70% of USDT was actually backed up with dollars. however, I think that could cause problems someday. but, although many people already know that, the use of USDT continues to this day.

Well... That's a public secret that almost everyone is aware of but Tether is still the most popular stablecoin. It's probably because people don't like to change their habits I guess. I personally trade in Tether but when I plan to stay in stablecoin for a longer time, I convert it to USDC. I'm aware that USDC too have the freezing option but at least they have a company that's doing monthly audits of their fiat balance.

[Kunnu]

It's my estimate that mostly people prefers usdt first in stable coins even there are lot of stable coins in the market, the reason is it's well established between top ranked coins with massive adoption so it can be the positive and strong point of usdt anyways nobody knows what's trustable and reliable in crypto but if there is any advantage we can take it with our responsible decisions.

[ballerin and giroud]

Well... That's a public secret that almost everyone is aware of but Tether is still the most popular stablecoin. It's probably because people don't like to change their habits I guess. I personally trade in Tether but when I plan to stay in stablecoin for a longer time, I convert it to USDC. I'm aware that USDC too have the freezing option but at least they have a company that's doing monthly audits of their fiat balance.

Are you serious? Holding USDC for long term investment is not profitable I guess. I will be prefer to choose an altcoin even I choose ripple comparing I choose Tether or USDC, because most of them aren't investment place. The stable coin mean there is a little chance to you to get profit. But it will be suitable if your intention to came to crypto industry wasn't for investing.