DO NOT TRUST TO TETHER

[StephenJH]

Why do you think that TETHER is not reliable? l don't agree with your opinion on that, your opinion is not enough to say that Tether is unbelievable or we must not trust to TETHER. l don't deny these facts that Tether has a lot of disadvantages like this coin is just centralized. But no doubt there are just some people hold this coin.

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[Mr.Zero]

how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid

[htsy585]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I think tether isn't facing any threat now and going by there recent updates, they are very much still in game.  I think the only turn down to the usage of tether is the fact that regulators can set an unfavourable rules against them but that's a threat being face by every stablecoins out there so you topic would have been more appealing if at all it was focused on all the stablecoins instead of just tether 

[kawetsriyanto]

how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid

For analysis of other stablecoins, you can see the information from @mk4's thread here: Most Stablecoins Can Be Frozen, Even When in Your Own Wallets. I think @mk4's thread described them very clearly and he also explained it with proofs. Anyway, OP has stated that he didn't try to blame Tether developers but he just worried that Tether can be manipulated by Central bank mafia. Please, read again on OP above!!

[bitkanu]

how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid

Some people may not believe it again after tether has stated if they were not fully backed by the dollars. I know even some people were accusing this has a backdoor to frozen the user's amount.
This is more than a year i have been using tether and so far i never encounter any problem even i leave it on my cold wallet.

[michellee]

how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid

Some people may not believe it again after tether has stated if they were not fully backed by the dollars. I know even some people were accusing this has a backdoor to frozen the user's amount.
This is more than a year i have been using tether and so far i never encounter any problem even i leave it on my cold wallet.

People can do as you do, and I think that can save the value of the money in the crypto. With the volatility of the crypto price itself, Tether can be a way for us to keep the amount of money that we have, while we can directly buy any coins at the market, especially if we can see the price drops too deep. Maybe people don't like to hold Tether for a while because they can not make a nice profit, but Tether itself can save them from the dump for the coin.

[Swordsoffreedom]

Tether gave their words that they will be backed by USD, but what's their current situations now? what is their peg price? USDT is failed to keep their words and not 100% backed by actual dollars. For this reason, I do not like USDT, but I don't think the USDT market will be collapsed, cause it has huge users and market capitalizations is stronger too.

[dragon695]

Tether gave their words that they will be backed by USD, but what's their current situations now? what is their peg price? USDT is failed to keep their words and not 100% backed by actual dollars. For this reason, I do not like USDT, but I don't think the USDT market will be collapsed, cause it has huge users and market capitalizations is stronger too.

Same thought! I don't think either USDT or Tether is backed by real fiat money (USD) 100%. Despite the stability of USDT and Tether, they're vulnerable to be manipulated by the global economy. The proof is that when the pandemic comes, the global economy is extremely affected and collapsed. That leads to the decreasing value of USDT and Tether.

[chip1994]

Tether is becoming more and more valuable as it is heavily printed in the market for manipulation and this will likely cause the USDT's value to decline due to inflation. Besides, USDT seems to be printing unconsciously. Money is always printed every day and there is no evidence that USD has been deposited into Tether's fund. I suspect that USDT was created by whales and they are willing to manipulate value and quantity to easily manipulate the whole market. What do you think guys?

[big kid]

Tether is becoming more and more valuable as it is heavily printed in the market for manipulation and this will likely cause the USDT's value to decline due to inflation. Besides, USDT seems to be printing unconsciously. Money is always printed every day and there is no evidence that USD has been deposited into Tether's fund. I suspect that USDT was created by whales and they are willing to manipulate value and quantity to easily manipulate the whole market. What do you think guys?

I think your theory is believable and probably has some real evidence to it, however we can't be 100% sure until they'll get busted.
I'm pretty sure there are a lot of people who watches after tether's every move and their partners' too, so its only a matter of time when they'll get busted IF they were cheating in the first place

[kotajikikox]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

you have a good point and this can be done also by inside job because there are large Money inside tether now and this can be a good target.

Lucky for me that i really don't like a stable currency thats why there is no chance of me investing in tether even n future.

how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid

actually Op is only giving us warning,yeah why not this can be happen in other stable coin in future?nothing of us certain about everything until it happen.

[leea-1334]

Why do you think that TETHER is not reliable? l don't agree with your opinion on that, your opinion is not enough to say that Tether is unbelievable or we must not trust to TETHER. l don't deny these facts that Tether has a lot of disadvantages like this coin is just centralized. But no doubt there are just some people hold this coin.

A coin being highly and extremely centralized IS a huge risk and disadvantage though. Yes to be fair,,, most altcoins are centralized but at least they have efforts to slowly decentralize with more and more nodes being added, less and less governance being in the hands of the few but with Tether, you have absolute centralization with almost no transparency.

[hulla]

its well supported and most used than DEX stablecoin projects, I have no issue with USDT, it's my favorite and I tend to keep it that way

Only the crypto currency exchange site supported the coin, it not even all exchange sites and you can hardly see a personal wallet holding the coin.

Why do you think that TETHER is not reliable? l don't agree with your opinion on that, your opinion is not enough to say that Tether is unbelievable or we must not trust to TETHER. l don't deny these facts that Tether has a lot of disadvantages like this coin is just centralized. But no doubt there are just some people hold this coin.

A coin being highly and extremely centralized IS a huge risk and disadvantage though. Yes to be fair,,, most altcoins are centralized but at least they have efforts to slowly decentralize with more and more nodes being added, less and less governance being in the hands of the few but with Tether, you have absolute centralization with almost no transparency.

The funny aspect is that they claimed to be transparency where as it just a hype to tease newbies and inexperienced crypto investors.

[Sebas.tian]

Tether may not look legitimate to many forum members but for the sake of helping in time of volatility should be applause. Many would have Loo's their portfolios but with the help of tether things are not bad with them. Some how, I still trust on tether because it help me with less lose. Though, I won't allow anyone to hold some huge sum of tether on their wallets because  of it possibility of disappearance from the radar.

[Shallow]

Over and over again, I will still maintain my stand on stablecoins which is, holding them is a very bad idea not that it even grows. Stablecoins are only better for trading and/or during bear market to be on the safer side, anything else than this, which is holding for long is not advisable in my own opinion. Also, the fact that Tether is centralized is a huge concern because anything can happen; yes it is growing everyday with huge users but the government ( or central bank) can still play their cards to disrupt everything, hence let everyone in the crypto space be extremely careful and trade very cautiously when it comes to stablecoins starting with Tether.

[elyas772]

There are already True USD, USDC, PAX, USDS. Binance does not take ANY risk listing tether, customers take ALL risk when they decide to buy Tether, that's their choice.

[pixie85]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

And I think they might be scammers. There's a lot of suspicious activity in Tether starting from how they used to hide the fact that they aren't 100% covered. If they aren't it means they are vulnerable just like banks.

They aren't mirroring USD but acting like a bank and a currency issuer combined.

If any government agency goes after them their collapse is going to be brutal.

[Kelvinid]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I will ask you to show some evidence to prove your claims. TETHER has existed for a long time and then you'll say that it was backed up by scammers? I don't such illegalities that TETHER has made. Not that many projects turns into a scam it also entirely affects the whole crypto market and then turns into a scam as well.
Well, I only give you the support of you can show some illegalities that TETHER has proven guilty, and (may) my trust for this project will change. But for now, I'll keep TETHER in my trust list.

[TastyChillySauce00]

There are already True USD, USDC, PAX, USDS. Binance does not take ANY risk listing tether, customers take ALL risk when they decide to buy Tether, that's their choice.

You are joking about that as binance has already listed tether since it was created. You should visit the binance exchange site and try to choose the USD pair and then you will see tether already traded there,
Are you missing it?

[Peanyut991]

Do you have solid proof of your argument? If not then don't scare us as a crypto community. Our crypto assets are entirely our responsibility, the central bank cannot interfere with that.