what do you think about USDT?

[Dokdo766]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

[Shallow]

The simple fact has always been that, it's not really worth it, trusting centralized platforms because the team have the sole power to do any thing they want, and since USDT is one of such, the team can mint at will. However, on the other hand, USDT has grown so much over the years, have huge users and volume, therefore with such growth and position in the crypto space, one can say that, USDT will hardly face a problem which will lead to a sudden and significant drop in price, if that should happen, it will be a disaster, will affect a lot of people and will lead to the death of the platform, because trust will be lost in all ramifications.
In my own humble opinion, Bitcoin has always been the best and the most trusted for long term holding.

[kentrolla]

USDT is a secured asset in crypto currency people want a stable coin in this unstable market so I would prefer USDT when the market goes down, We also have a genuine example for fluctuation especially like bitcoin.

As far as I know Tether is a profitable investment in bear market situation even in volatile market it helps many of them to save their earnings to avoid loss as well, Tether is a safe and secure investment without any doubt.

[Sparrow96]

USDT has many controversies. Like, their lawyer claimed that each of the USDT tokens is backed by 0.74$ worth of cash. Also, USDT's parent company, Bitfinex failed to show audit. Their controversies forced USDT to drop below $0.87.

Instead of the controversies, I like to hodl USDT in the time of volatility. Because it's available in all of my favorite exchanges. Also, it's available in Tron, Ethereum, Binance, EOS, etc.

[Yudhisthir]

I try to avoid USDT as much as possible but most of the exchange provides margin and leverage only for USDT. If they have many options, the full potential and largest margin are restricted to USDT. Some exchanges provide lending only on USDT. These exchanges are trying all they can to promote USDT but their terms takes no liability in securing the price of those stablecoins. There must be some hidden interest involved with USDT.

[manfredmann]

I try to avoid USDT as much as possible but most of the exchange provides margin and leverage only for USDT. If they have many options, the full potential and largest margin are restricted to USDT. Some exchanges provide lending only on USDT. These exchanges are trying all they can to promote USDT but their terms takes no liability in securing the price of those stablecoins. There must be some hidden interest involved with USDT.

USDT is not a bad crypto and totally useful when you hold btc. This because yoi can get profit with bitcoin and can still be stored as crypto using USDT which is stable and has the value of which 1USDT is equivalent to 1$ respectively. Anyway, if you do not like this process you can still directly exchange your btc to fiat but you will going to expect that it will cost you more from the conversion process and third party services.

[DooMAD]

My views are summed up in these two topics:

https://bitcointalk.org/index.php?topic=3202211.msg33233707#msg33233707
https://bitcointalk.org/index.php?topic=1881199.msg18693313#msg18693313

It's basically just ~20 billion empty promises.  Avoid.

Just look at their legal page:

Tether makes no representations or warranties about whether Tether Tokens that may be traded on the Site may be traded on the Site at any point in the future, if at all.

No Representations & Warranties by Tether: Tether makes no representations, warranties, or guarantees to you of any kind. The Site and the Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose.

Limitation of Liability & Release: Important: Except as may be provided for in these Terms of Service, Tether assumes no liability or responsibility for and shall have no liability or responsibility for any claim, application, loss, injury, delay, accident, cost, business interruption costs, or any other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, work stoppage, data loss, computer failure or malfunction, or any and all other commercial losses (collectively, referred to herein as “Losses”) directly or indirectly arising out of or related to:
(...)
any delay in withdrawal or redemption, or loss of value of Tether Tokens or the Reserves backing such Tether Tokens resulting from failure or insolvency of any bank, depository, custodian, borrower, or payment processor holding or processing the assets backing Tether Tokens, or from the theft of such assets, or from freezes, seizures, or other legal process asserted by a Government

Translation:  When they run into a problem, it becomes your problem.

[Awalt541]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

Stable coins, easy way to you saving USDT without account bank.  Helping trade to easily buy the crypto without third party or long procedure for spend out. I'm not sure about security they had some back up assets USD real or gold.  I have hear about USDT on smartcontract, if your token get burned, that's will be lost and can't recovered.

[kevinzxz]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

as long as USD is still the currency that is recognized and used in the world, then in my opinion USD can still be trusted, therefore in my opinion USDT can still be trusted as a stable coin in cryptocurrency too, because I also prefer to use USDT as a stable coin to store my money in cryptocurrency to keep its value stable if I'm not trading.

[ChrisPop]

USDT is pegged to the US Dollar so it is normal to follow the purchasing power swings of the underlying.

Personally I don't use USDT because I consider it a risky currency. Besides being an inflationary asset you have to trust the company holding the underlying asset (Tether). That's an extra risk I am not willing to expose myself to.

[idrisalomagold]

It will definitely drop if USD would become problematic. The question however is that when can this be so possible and why hodl USDT? I mean USDT is there in order to have cryptocurrency pegged by USD value. In other words like other stable coin in order to maintain its value from the word itself "stable", it needs minting and burning to maintain at its par value equal to usd. In such case, it is so important to notice that despite being a cryptocurrency - it is not advisable to hold more USDT to grow money because in the first place it will always retain at its par.

 If the concern is investment purposes then the answer is solved however if it is because of the crypto itself; well the environment of crypto is total mainstream adoption so expect traditional financial set up to come up in the crypto world.

[verita1]

I think that we are not immune to a devaluation of the dollar. What can we do? Tether is controversial because the company has not demonstrated the reserves that backing tether and its role in manipulating the price of bitcoin.
Tether dominates the stablecoin market.

https://www.google.com/amp/s/cointelegraph.com/news/tether-s-market-cap-is-growing-at-a-near-record-pace/amp

I prefer Tether because of that fact. The good thing that could happen to us is that Bitcoin and crypto are accepted worldwide and we are not worried about the printing of money.

[bittreo]

My views are summed up in these two topics:

https://bitcointalk.org/index.php?topic=3202211.msg33233707#msg33233707
https://bitcointalk.org/index.php?topic=1881199.msg18693313#msg18693313

It's basically just ~20 billion empty promises.  Avoid.

Just look at their legal page:

Tether makes no representations or warranties about whether Tether Tokens that may be traded on the Site may be traded on the Site at any point in the future, if at all.

No Representations & Warranties by Tether: Tether makes no representations, warranties, or guarantees to you of any kind. The Site and the Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose.

Limitation of Liability & Release: Important: Except as may be provided for in these Terms of Service, Tether assumes no liability or responsibility for and shall have no liability or responsibility for any claim, application, loss, injury, delay, accident, cost, business interruption costs, or any other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, work stoppage, data loss, computer failure or malfunction, or any and all other commercial losses (collectively, referred to herein as “Losses”) directly or indirectly arising out of or related to:
(...)
any delay in withdrawal or redemption, or loss of value of Tether Tokens or the Reserves backing such Tether Tokens resulting from failure or insolvency of any bank, depository, custodian, borrower, or payment processor holding or processing the assets backing Tether Tokens, or from the theft of such assets, or from freezes, seizures, or other legal process asserted by a Government

Translation:  When they run into a problem, it becomes your problem.

I never went through their website and yet I am holding pretty much in USDT. Thanks for the light as I will definitely have to reconsider it by going thoroughly!

[Swopon]

USDT is an asset which is known as the Stable coin in the market and mostly profitable in the bearish market too. Converting to USDT, I secured my profit all the time. It is very useful in the unstable market to stable and secure your assets. I used USDT and prefer to use it to do transactions with minimum fees required.

[tranthidung]

Expands from USDT to stable coins. They are not stable as people think of and believe in. The risk of freeze on stable coins you have are there.

• Bitcoin pumps/ dumps and altcoin price actions (2013 - 2020) (see the part for stable coin at bottom of OP)
• PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

Also important: Tether has its bad reputation on how they back their Tether USD.

• Tether's U.S. Dollar Peg Is No Longer Credible
• Tether Says Its Stablecoin Is ‘Fully Backed’ Again
• Bitcoin and Tether USD (USDT) circulating supply (My topic is not an accusation on Tether but you can see how they prepare enough money to back their Tether and mint new USDT like that)

[Rodeo02]

For me, as long as I can take advantage of the USDT and it will not harm the cryptocurrency, I will use it. USDT is stable coin and is based on USD, so in case the value of USD goes down the USDT will go down as well. But I still prefer to use USDT in crypto if I'm not use my funds in trading because it was stable and safe for my funds.

As long as they can make it stable it safe to useas back up to your USF,  others are just scared because the rate might suddenly change if they do not maintain an adequate supply of it and in case many people  use this currency Everytime they want to secured their profit.and suddenly you also have a problem with the network they can lock or freeze your balance if they found reason to do that.

[manok jepang]

USDT has become the most important stablecoin in the crypto market as it controls 87.1% of the Bitcoin trading market. each USDT is backed 100 percent by Tether Ltd's reserves which include traditional money,
The price difference between crypto exchanges with higher or lower trading volumes is normal due to the law of supply and demand. With its 24-hour trading volume of US $ 17 billion, this reflects the “very fast” USDT circulation across some 400 crypto exchanges worldwide.

[minhkhoa]

Each person has an idea of USDT. In my opinion, When the amount of money in my wallet depends on the price of Bitcoin or the price of ALtcoins I would think of USDT. It helps me can hold and control my asset.

[Imran232]

I think if bitcoin is a mother of crypto currency then usdt is a brother of crypto currency. Its a stable currency its badly must needed coin. Why? There is the reason when we see bitcoin price pump soo much that means now we should convert it soo that i don't lose the profit. In cryto currency market we can't exchange it our local usd cash. That is why we use usdt. It has stable price. Think i buy 1 bitcoin at $17000 after some day it becomes $20000 now i convert it in usdt i got 20000 usdt coin. And then after some time bitcoin become $16000 that means the price is deep now. Now if i buy 1 bitcoin i have to spend $16000 means 16000 usdt coin. That means now i have 4000 usdt coin and $4000 profit. If i couldn’t exchange it in usdt then my $4000 won't be profitted.

[Twentyonepaylots]

Although USDT got into some shit from the past, controversies after controversies I still use it for stabilizing my balances to avoid market fluctuation, one thing you should do is not to let your funds sleep in any currency but only with decentralized currency so you can sleep peacefully. There are bunch of stable coins in the market but it isn't paired with every coins, unlike USDT, so most probably people will just use USDT. If you're a trader like me, you won't have any problem using USDT  

[pixie85]

Although USDT got into some shit from the past, controversies after controversies I still use it for stabilizing my balances to avoid market fluctuation, one thing you should do is not to let your funds sleep in any currency but only with decentralized currency so you can sleep peacefully. There are bunch of stable coins in the market but it isn't paired with every coins, unlike USDT, so most probably people will just use USDT. If you're a trader like me, you won't have any problem using USDT  

So in other words you don't care if someone is lying, you still trust them.

It doesn't matter that USDT was supposed to be backed 1:1 with dollars, then they claimed they're backed by dollars and other assets, then that they aren't backed 1:1 and the more time goes by the more lies pile up.

An decent man caught lying just gives up and says, ok, I lied, sorry, the truth is this. A fraudster will cover up with another lie and another.

[blckhawk]

Although USDT got into some shit from the past, controversies after controversies I still use it for stabilizing my balances to avoid market fluctuation, one thing you should do is not to let your funds sleep in any currency but only with decentralized currency so you can sleep peacefully. There are bunch of stable coins in the market but it isn't paired with every coins, unlike USDT, so most probably people will just use USDT. If you're a trader like me, you won't have any problem using USDT  

Exactly having the same experience here mate. I know that leaving your assets upon the hand of USDT will endanger your assets the fact, that they have faced a lot of controversies way back then and it could be repeated. However, I can't help it because several stable coins are only paired with limited coins so I got no choice but to use it. And if I choose to switch it into a more reputable stable coin it would take several fees. Anyway, if you are well-experienced and know what you are doing I think you'll be fine with using USDT to stabilize your assets.

[cabron]

This must be the reason why US lawmakers seek to make stablecoins illegal without federal approval

The US congress is about to create a law about this issue in order to control the the creation of stablecoins, they could have prevented some if they were just actively watching the crypto industry or they were just trying to let facebook do it and now they are to stop competition before everybody else does.

[dioanna]

Crypto world is full of volatility, USDT pair is the safe ground and way of securing profit.
I think USDT is fairly important especially to small traders like me.

[BALIK]

The simple fact has always been that, it's not really worth it, trusting centralized platforms because the team have the sole power to do any thing they want, and since USDT is one of such, the team can mint at will. However, on the other hand, USDT has grown so much over the years, have huge users and volume, therefore with such growth and position in the crypto space, one can say that, USDT will hardly face a problem which will lead to a sudden and significant drop in price, if that should happen, it will be a disaster, will affect a lot of people and will lead to the death of the platform, because trust will be lost in all ramifications.
In my own humble opinion, Bitcoin has always been the best and the most trusted for long term holding.

Absolutely! There's always a risk even if it is hanging on stable coins like USDT. The large users base and volume USDT in a way is the only 'collateral' they have at stake should something go terribly wrong. At the same time, the possibility of the price drop is very real and possible but like stated above this will destroy their reputation and business all together. Though for those saving in stable coins like USDT the risk is always there.

[Zionatin]

Is there any decent way to keep USD value coins? Is it just best to sell the crypto for Payeer or WebMoney? Then buy bitcoin back at a later stage.

 

This must be the reason why US lawmakers seek to make stablecoins illegal without federal approval

The US congress is about to create a law about this issue in order to control the the creation of stablecoins, they could have prevented some if they were just actively watching the crypto industry or they were just trying to let facebook do it and now they are to stop competition before everybody else does.

That's ridiculous. You could just operate outside of the US. They can't do anything then.

Crypto world is full of volatility, USDT pair is the safe ground and way of securing profit.
I think USDT is fairly important especially to small traders like me.

Securing a profit? Pray tell?

Everyone in the US uses USD so are you telling me they all are "securing profit" ?

[coolcoinz]

The only utility in USDt is in countries where local currencies are unstable, like in Venezuela, or where it's forbidden to trade into local currencies. If you have a choice to exchange for USD or EUR and USDt, I see no valid reason to choose the latter. USDt is like a company token, pretty much like another centralized crypto, like XRP or something. I could use it as a go-through currency to get my money from one place to another, but I'd never hold it. I don't trust tether and given a choice, you should not hold it.

[Lordhermes]

Although USDT got into some shit from the past, controversies after controversies I still use it for stabilizing my balances to avoid market fluctuation, one thing you should do is not to let your funds sleep in any currency but only with decentralized currency so you can sleep peacefully. There are bunch of stable coins in the market but it isn't paired with every coins, unlike USDT, so most probably people will just use USDT. If you're a trader like me, you won't have any problem using USDT 

That's the whole basic use of stable coin, that's why most centralized exchange created a trading pair with usdt for easy swapping to stable coin when the crypto market is at  moment.

[CuriousGeorge]

This must be the reason why US lawmakers seek to make stablecoins illegal without federal approval

The US congress is about to create a law about this issue in order to control the the creation of stablecoins, they could have prevented some if they were just actively watching the crypto industry or they were just trying to let facebook do it and now they are to stop competition before everybody else does.

That will be applied on US territory and if you are not coming from US or US citizen and then that's not a big problem for you to use the stable coin. It looks like the majority of stable coins will be banning US customer from their service.
I guess the exchange site will not also let the US citizens to use stable coins too. It will be giving a big impact to the US citizens.

[tabas]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

They have been printing USDT long time ago. It will definitely affect whichever something happens with USD.
They are in the courts for probe to prove the legtimacy of the existence of their claim about USDt being backed up by real USD.

[kodtycoon]

Although USDT got into some shit from the past, controversies after controversies I still use it for stabilizing my balances to avoid market fluctuation, one thing you should do is not to let your funds sleep in any currency but only with decentralized currency so you can sleep peacefully. There are bunch of stable coins in the market but it isn't paired with every coins, unlike USDT, so most probably people will just use USDT. If you're a trader like me, you won't have any problem using USDT 

That's the whole basic use of stable coin, that's why most centralized exchange created a trading pair with usdt for easy swapping to stable coin when the crypto market is at  moment.

I don't want to think it's good for usdt because in my opinion this coin is pretty good because it can replace the dollar function and usually when many people start to get profit from trading they put their assets in the form of USDT.

This function ike that but some problem in the past and disagreements reflect bad performance for usdt, it could be that one day usdt price crashes like most crypto on market . usdt is good but we have to be vigilant mate I hope USDT remains stable for advancement of crypto market because if a crash is very disturbing trust of people who invest in crypto right.

[Kocret02]

Although USDT got into some shit from the past, controversies after controversies I still use it for stabilizing my balances to avoid market fluctuation, one thing you should do is not to let your funds sleep in any currency but only with decentralized currency so you can sleep peacefully. There are bunch of stable coins in the market but it isn't paired with every coins, unlike USDT, so most probably people will just use USDT. If you're a trader like me, you won't have any problem using USDT  

that's the positive side USDT can be used for the best asset storage like today .. so I think maybe USDT has a lot of advantages and USDT should always remain in crypto to balance crypto

[arabianhorse]

USDT is one of the most stable coin. USDT is stable coin and is based on USD. These coins exist in all exchanges. Almost all exchanges trade more with this coin. I still prefer to use USDT in crypto if I'm not using my funds in trading because it was stable and safe for my funds. And when it comes to trading, we do USDT in this peer.

[kpierce77]

That will be applied on US territory and if you are not coming from US or US citizen and then that's not a big problem for you to use the stable coin. It looks like the majority of stable coins will be banning US customer from their service.
I guess the exchange site will not also let the US citizens to use stable coins too. It will be giving a big impact to the US citizens.

It is very true, it will only apply to the people of US, but of course it will also have a big effect if it is true that they will implement strict regulations on USDT. But considering the large number of US users, maybe there will be an adjustment to the regulation? I'm not really sure about that

[Aldrinx00]

My point of view about usdt is that it's a great alternative if the crypto market is on a downside movement, you can easily convert your crypto holdings into usdt thus maintaining it at a higher price before it goes down in value.

[DeathAngel]

It it’s being used to pump bitcoin then I love it, otherwise I am numb to it & don’t have any interest in it. I’ve never had any dealings with it myself if I’m honest.

[Furryball]

USDT have faced some hardship in the past, SEC, regulations, etc but till date this centralized stable coin have managed to be the most successful stable coin so far, yes USDT is centralized and they can mint when they like, that isn't my own business, my own is to use the coin for it's real purpose as far as it works, right? Even DAI stable coin that's decentralized can't beat USDT, decentralized? Hm whatever, the choice is yours

[Bananington]

  if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

I think you are missing the idea behind a stable coin being pegged to a FIAT currency, 1 USDT will always have value approximately equal to a dollar, this makes it nonvolatile comparatively. I don't think there is any issue with USDT regarding your points, even though I understand your concerns. USDT has helped me a lot to limit loss before massive market drops since I mostly trade USDT pairs.

[Sirait]

^ I think that despite the various controversies behind USDT, we need to admit that in times of volatile markets like now, we need stable assets and I think USDT is still the best choice.

[dioanna]

Is there any decent way to keep USD value coins? Is it just best to sell the crypto for Payeer or WebMoney? Then buy bitcoin back at a later stage.

 

This must be the reason why US lawmakers seek to make stablecoins illegal without federal approval

The US congress is about to create a law about this issue in order to control the the creation of stablecoins, they could have prevented some if they were just actively watching the crypto industry or they were just trying to let facebook do it and now they are to stop competition before everybody else does.

That's ridiculous. You could just operate outside of the US. They can't do anything then.

Crypto world is full of volatility, USDT pair is the safe ground and way of securing profit.
I think USDT is fairly important especially to small traders like me.

Securing a profit? Pray tell?

Everyone in the US uses USD so are you telling me they all are "securing profit" ?

not everyone in the US  is a trader, I'm applying my statement for me, not to all the citizens. Common sense pls.

[mnporter2001]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.

Don't worry, the SEC has studied how USDT's money printing system works and it's completely legal.  As far as I know about USDT's money printing system, in order to be able to print more USDT, the printer must provide USD with the same value and then they are allowed to print more USDT. Therefore, USDT is trusted and very useful until now.  Therefore, it is very difficult for USDT to collapse because their mechanism is legal.

[Jocuserious]

Like best helpful currency which makes more profits when i work in trade. Very short answer usdt is a stable currency where is the best safety for all holders because you can convert unstable currency to usdt. Although best opportunity of trading for useing usdt.

[gwdf1]

There are rumors and accusations around Tether and its team that USDT has much less dollars than stated, meaning it essentially creates empty coins!

Precisely because the company operates on General rights and rules, there are already guarantees that the government will keep everything under control and will not allow investors to be deceived.  

[AmoreJaz]

There are rumors and accusations around Tether and its team that USDT has much less dollars than stated, meaning it essentially creates empty coins!

Precisely because the company operates on General rights and rules, there are already guarantees that the government will keep everything under control and will not allow investors to be deceived. 

yeah, i remember that last year. they admitted that they were not fully backed by US$ - https://www.newsbtc.com/news/crypto-community-reacts-to-tether-admitting-usdt-not-fully-backed/.
now, in the current scenario, how do we know that they are now claiming the absolute truth about their assets?
are we going to see another confession few months or years from now that they really don't own the assets that they should have? so imo, if youre a holder of USDT, dont let it sit in your wallet for long time. better look for other top alts that you know will not lie about their very basis of foundation.

[coinsolidation.org]

I think we need to review the characteristics of each asset a bit.

If we evaluate the following parameters of each asset we can have a better opinion.

Parameters to consider:

Main takeaways

    Trading volume is much higher on Tether than on fiat USD and this holds true over time.
    BTC/USDT markets are far less concentrated than BTC/USD markets.
    BTC-USDT and BTC-USD closing prices (cross exchanges) closely mirror each other with very small tracking errors.
    BTC-USDT and BTC-USD daily returns display different volatility regimes over time.
    Intraday extremes between BTC-USDT and BTC-USD show higher dispersion than the usual close to close measure.

Complete comparative review...

https://blog.kaiko.com/tether-vs-usd-is-a-dollar-a-dollar-when-it-comes-to-trading-4632380f4284

I would think that each of these assets have their investment niche.

Regards,

[optimisticcm]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

I have used usdt many times in the past without any issues whatsoever and i am sure it will continue to be up and in business in the future as well but just to be safe or you can say extra careful i have now tilted towards usdc that seem to be more transparent stablecoin, again i do not have any issues with usdt but due to a lot of critics and to be on the safe side i now prefer usdc.

[asriloni]

^ I think that despite the various controversies behind USDT, we need to admit that in times of volatile markets like now, we need stable assets and I think USDT is still the best choice.

Agreed, I will not even try to blame it caused by I'm also still using USDT as the main stable coin to hodl my asset. A lot of controversies happened with USDT but people are still trusting it. The only problem for USDT if the US lawmaker will try to create a regulation for the stable coin company must have banking license. That could be the main problem for USDT.
We will always need a stable coin. I don't even care about what people said about that as long as it can still give me benefit and why not?

[markcolls]

My main problem with USDT is that they can and have frozen people's USDT. That feature is a deal breaker for me. The whole point of cryptos is that they are decentralized and free from human intervention. For that reason I don't like USDC or most of the other stable coins. I think your best bet is to go with Dai - where your funds cannot be frozen and you don't have to trust that someone has the USD in reserve like they say. The only issue I guess is collapse of ethereum.

[paglarhat]

All those involved in cryptocurrency need more or less USDT.
Because we use USDT to keep our funds safe when the value of cryptocurrency falls.
So whatever you say, the need for USDT is immense to me.

[MUG1WARA]

I also heard that USDT can be made whatever the maker does and it proves that if USDT will one day have an unlimited amount, this is cause for concern by everyone if suddenly the token maker makes a very large amount which will then make dump prices and for that I don't really believe in USDT

[shoreno]

one of the stable coin that has a stable price ? of course , what do we expect . for what it was called a stable coin anyway ? lol . it is a stable coin and its name is usdt and we expect that it works like a usd . whats the catch ? printing usd is restricted and they cant just print and print so why are you worrying . that can happen the same on usdt they cant also create or mint lots of usdt but they can only produce depending on the demand of those who convert thier crypto to usdt . about the price its not bothering at all because usd dont dump heavy

[bryant.coleman]

USDT is very useful for trading, especially while dealing with highly volatile altcoins. But that said, I would never recommend keeping a lot of your funds in the form of Tether. USDT is a token issued by the Bitfinex exchange and a few years back they were accused of not fully backing up USDT with US Dollar. So there is always a small chance that the USDT=USD parity may be tested in the future.

[danherbias07]

It's true.
The value could also go down just like USD since it's 1:1.
It has great usage when you are trading but never as an asset. It will be better to just stay with Bitcoin or Ethereum if you are trying to keep for a longer span of time.
Another option is to just keep paper money in USD rather than USDT coin.

[Claudio99]

USDT can lose its value a bit If USD goes down too, this isn't bad as that's exactly why USDT is here, to pegged with Fiat USD isn't it? But the difference is big when comparing to high Volatility coins and tokens in crypto space, since dollar isn't always stable USDT can't be so stable as well but to me USDT is still more stable and almost compared to a real Fiat

[aryana42]

All those involved in cryptocurrency need more or less USDT.
Because we use USDT to keep our funds safe when the value of cryptocurrency falls.
So whatever you say, the need for USDT is immense to me.

Yes, and almost everyone also uses USDT to maintain the value of their assets in cryptocurrency when market conditions are not good, so even though USDT is not suitable for use in day trading, USDT can be used to save the value of existing assets so that they do not experience an increase.

[bittick]

This is why there's something called audit, the users is the one who decide whether to use this coin or not based on the audited money in the reserve. Unfortunately with stablecoins there's just not so much you can know about how much usd reserved by that stablecoin.
Though, I doubt any currency as of now still printed based on gold. I mean this kind of thing already abandoned by many countries, they are printing money just as they will right now which ofcouse comes with consquences.

[Lantind]

USDT can lose its value a bit If USD goes down too, this isn't bad as that's exactly why USDT is here, to pegged with Fiat USD isn't it? But the difference is big when comparing to high Volatility coins and tokens in crypto space, since dollar isn't always stable USDT can't be so stable as well but to me USDT is still more stable and almost compared to a real Fiat

A little correction from me, basically every currency has a value that can be said to be stable, including the USD currency, because the decline in the value of ordinary currencies is not so much and only occurs in a small amount, as well as a not so high increase. This means that currencies like USD deserve to be said to be stable in this case, as well as USDT which is based on the real value of the USD currency, so USDT is a stable token which is very suitable for anyone to have in crypto.

[traderethereum]

All those involved in cryptocurrency need more or less USDT.
Because we use USDT to keep our funds safe when the value of cryptocurrency falls.
So whatever you say, the need for USDT is immense to me.

Yes, and almost everyone also uses USDT to maintain the value of their assets in cryptocurrency when market conditions are not good, so even though USDT is not suitable for use in day trading, USDT can be used to save the value of existing assets so that they do not experience an increase.

Maybe USDT is for a place to temporarily save money, especially when the crypto market is down because USDT is not down or up too high compared to bitcoin and altcoin.
I also use USDT to save my money value before the price of bitcoin or altcoin going down too deep.
If the crypto market is down deeper, and I have USDT in my account, I will buy more amount with USDT and hold it for a while.
By using that way, I can make more USDT with any coins that I bought before.

[arabianhorse]

USDT is the most tradable stable coin. I am always trade in Btc to usdt. The USDT coin is always stable. USDT protects my portfolio by dumping BTC. And USDT will hardly face a problem which will lead to a sudden and significant drop in price, if that should happen, it will be a disaster, will affect a lot of people and will lead to the death of the platform. Stop loss must be used when taking any type of trade.

[BuNga_cute]

USDT is my favorite stablecoins, because I often use it to protect my funds from the volatile cryptocurrency market.
And every profit I make from crypto trading, I always keep it in USDT. Many people keep their funds in USDT too,
so that when the coins dump doesn't run out of our funds, also we can buy coins at a low price. Even the volume of
USDT is bigger than Bitcoin, this is proof that many people are doing transactions with USDT.

[rencong bitcoin]

for me USDT is a very sensational coin, a coin that does not fluctuate and is always stable in price, this has also aroused the interest of traders and investors not to hesitate about the coin, so that we can see for ourselves the amount of volume of USDT is very large.

[awakpane]

In my opinion, the difference between USDT and USD lies in the regulations and policies that underlie them. If USD is regulated from direct regulation by the Federal Reserve in the United States, USDT enters into a cryptocurrency created by the company Tether Limited. It is true that USDT has no contractual rights, legal claims, or guarantees against losses like ordinary US dollars. However, USDT is a crypto currency that can be used as a transaction tool to buy coins and other tokens.

[leea-1334]

whats the catch ? printing usd is restricted and they cant just print and print so why are you worrying . that can happen the same on usdt they cant also create or mint lots of usdt but they can only produce depending on the demand of those who convert thier crypto to usdt . about the price its not bothering at all because usd dont dump heavy

Some coins it is easier to see the catch than others and USDT has been one of the most obvious in all the history of altcoins. A company that prints it. That does not prove their audits. That keeps getting in trouble with the law because they try to play both sides of crypto and business.

And finally,,, all the dumping and manipulation. But still we use it!

[Arkann]

whats the catch ? printing usd is restricted and they cant just print and print so why are you worrying . that can happen the same on usdt they cant also create or mint lots of usdt but they can only produce depending on the demand of those who convert thier crypto to usdt . about the price its not bothering at all because usd dont dump heavy

Some coins it is easier to see the catch than others and USDT has been one of the most obvious in all the history of altcoins. A company that prints it. That does not prove their audits. That keeps getting in trouble with the law because they try to play both sides of crypto and business.

And finally,,, all the dumping and manipulation. But still we use it!

Many of us have a huge distrust of USDT, because many questions constantly arise and certain factors cause concern for us, but I am sure that if we did not have a certain amount of confidence in Tether, then we would not use this altcoin for rescue in time for the market fall.

[Kupid002]

for me USDT is a very sensational coin, a coin that does not fluctuate and is always stable in price, this has also aroused the interest of traders and investors not to hesitate about the coin, so that we can see for ourselves the amount of volume of USDT is very large.

A good coin to have if you want to secured your profit in fixed rate . Many people will lost their money if the usdt or other stable coins is not born . It's hard for other to transfer a large portion of funds directly to their bank that's why stable coins make . To make it easier for other and traders to secured their gain without using bank account to transfer it in case they want to secured their gain.

[JeffBrad12]

for me USDT is a very sensational coin, a coin that does not fluctuate and is always stable in price, this has also aroused the interest of traders and investors not to hesitate about the coin, so that we can see for ourselves the amount of volume of USDT is very large.

Sensational for what? that's what we have called that stable coin. it's backed by stable currency. The investors and traders are always using USDT as their main choice to keep their asset become stable and avoid volatility.
USDT has some advantages compared with another stable coin especially for its daily volume that's surpassed another coin.
So far USDT can still be trusted by anyone to be used for various purposes.

[Psynthax]

It seems majority of people don't even care about it though, although so many rumours going around about USDT printing this coin like there's no tomorrow but as we can see it's the biggest stablecoin and most used one.

my guess is USDT just gonna stay strong as ever until it's proven that their pegged money isn't 1:1 in ratio to their USDT otherwise it's just merely a rumour with no reasoning at all. Not to mention that the excahnges which accept USDT not just sitting around when they heard about such rumour. They must've made some investigation.

[Mata Kripto]

In my opinion, the USDT coin is a stable coin and can keep its value in the market the USDT coin ratio is almost the same as USD dollar. So, in my opinion, investing in USDT man can minimize the risk of loss. but it is more suitable for the long term if you use USDT.

[goddess116]

In terms of the development situation of USDT over this years，USDT has done a good job of fulfilling its role in the cryptocurrency market，but i dont like its centralized，wish One day there will be a decentralized currency to replace it.

[imstillthebest]

thanks for the info op . thats scary, this can be the reason why people talk negative on stable coins and i dont understand why they did that but this statement of yours opened my eyes on the reality of stable coins .
if not this i will be planning to trade my crypto in stable coins but after knowing that value of stable coins can also drop and became useless because of too much printing , this make me keep distance to them .
and one more thing is the risk of my coins being blocked . gee , i dont want that all to happen and id better endure the volatile effects of holding my cryptos

[cassavachips]

I still trust him to trade pairs and hold some funds on the exchange. Even though currently there are many who raise the issue that once made the USDT go down quite significantly but for me it doesn't matter.

On coinmarketcap, where I looked for references, I also explained quite a lot about USDT and what has happened so far. USDT is already being used by a lot of people and is like a mandatory stable coin on an exchange, so I don't think they will just do anything stupid.

[South Park]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

USDT being a centralized coin has all the underlying problems of centralized coins, governments have gained over and over again through history the trust of the people to manage the money supply and do so in a responsible manner, and each one of them have failed, and USDT will be no exception, they promised that for each USDT in circulation they will have a dollar on reserve and help the market get liquidity this way and we know this is not true, so eventually they will print more money than what they can manage and the coin will crash as all fiat currencies have done before it.

[Kezacky]

Crypto world is full of volatility, USDT pair is the safe ground and way of securing profit.
I think USDT is fairly important especially to small traders like me.

yes, USDT is a stable and safe coin. on the other hand, it has a selling value that is almost like a dollar currency. Usually crypto traders use the stable USDT coin as a trading coin pair because of its significant value at the price of $ 0.9 - $ 1.

[Jamesdila1]

I think that USDT cryptocurrency is controversial for failing to provide for the public a promising audit backing their reserve and especially the rumours accusing tether of market manipulation

[Jamesdila1]

I hate to say it but the high volume is the key factor leading people to buy the stablecoin. I personally use it
But with the emergence of many other stablecoins like usdc the dominance of USDT dropped to 80%
Are we witnessing an end of an era?

[isaac_clarke22]

It's our cover when storm of correction happens.I never fully got used to USDT because I didn't last that long to trading anyway.
It's simply a stable coin, opposite of Bitcoin that's why people tend to put their profits to USDT so that fluctuations could be avoided.

[davinchi]

I just hope nobody gets screwed over because of this. I do not like centralized things that are based on centralized organizations. Today tether only has a value because tether company says so, and that's it. The day when tether says "from now on we are not backing usdt anymore, we are cutting all our ties with it" or simply put just exit scam it, usdt suddenly will worth one cent or even less and we are going to end up losing sooooo much money, over 10 billion dollars gone in a single day.

Now I understand you may say why would they do that, but how do you know they won? Since all of this is possible, I hate usdt and would like to never use it. I sometimes use it to move money around but I would like to change it to DAI very soon hopefully because it is fully decentralized.

[AssociatesBumble579]

Tether is a tail of USD. I have seen many more times tether and USD are going collateral in coincap market. This crypto always been declared as a stable coin. So, it's not a abnormal affair if USD is problematic then tether also be in problematic. That's mean USD and USDT each other complementary at all and they will affect by this types inconvenient.

[rahmatullah9305]

Yes,your post is so positive. I am agree with your post.Thank you so much for you information.

If you just wanted to say thank you, I think there are many other posts that are better and deserve more thanks for them, but when it comes to discussions in forums, people want good advice and direction for them more, not just just thanks.

[nrvasquez]

Tether is a tail of USD. I have seen many more times tether and USD are going collateral in coincap market. This crypto always been declared as a stable coin. So, it's not a abnormal affair if USD is problematic then tether also be in problematic. That's mean USD and USDT each other complementary at all and they will affect by this types inconvenient.

Not a complementary, USDT is indeed backed by USD. therefore they are called stablecoins. Currently USDT is the strongest and probably the best stablecoins with the most usage and volume. even currently occupying the number 3 position shifting XRP which is having problems with the SEC

[kasakola]

I know that the best way for everyone dealing with J usdt cryptocurrency is to convert J. coin into usdt with a cell. There is no possibility of loss because of jar because usdt is in one place. The only way to protect. And this usdt buy and sell inventory from each exchange is so valuable to me. Thanks for your feedback.

[NextDoor125]

Tether (USDT) is a Hong Kong-based company. It's a profitable coin. The price of USDT is almost the same as USD as a mirror. The founder of USDT launched it to improve the transaction and wanted to make it a stable coin. Right now, USDT is a trustable, securable, and stable coin in the crypto market.

[raise001]

yes I think  USDT is a stable and safe coin. on the other hand it has a selling value that is almost like a dollar currency. Stablecoins such as Tether have stirred the industry by offering more stability in a volatile market. Tether USDT helps digitize the US dollar and make transactions easier, faster, and cheaper on the blockchain. It is a practical cryptocurrency which makes it a viable investment.

[trauchot]

I have been holding my investments in USDT for a long time and I have not had any problems with USDT, of course there have been some rumors lately that the SEC wants to sue USDT or this is probably really true, but so far I see that everything is fine with USDT, but of course we can protect ourselves and just keep your investments in other stable coins, but in general I think that everything will be fine with USDT, we just need to wait when all these problems with USDT and SEC will be solved.

[Mighty_crypt]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

Do your own research using Google to find more answers about USDT, this stable coin is centralized and there is nothing hideous about the project, it's popular and well known, it's also regulated too so don't worry about SEC, the only reason why anyone should be worried about USDT is if they are scammer or hacker or they ate criminals that engage in illegal funding

[JeotQ]

I have been holding my investments in USDT for a long time and I have not had any problems with USDT, of course there have been some rumors lately that the SEC wants to sue USDT or this is probably really true, but so far I see that everything is fine with USDT, but of course we can protect ourselves and just keep your investments in other stable coins, but in general I think that everything will be fine with USDT, we just need to wait when all these problems with USDT and SEC will be solved.

SEC want to sue USDT for what reason? That isn't a real news mate, infact USDT have no issues with laws at all, everything have been carefully registered and USDT is fully backed with reserves, it's more transparent than decentralized stable coins, there is nothing to hide here since USDT is centralized

[IkonaDro4ku]

USDT it is not the most reliable stablecoin but it is the most convenient stablecoin. I try not to keep money in it but if i need to move my funds quickly then i use this.
I still remember how once 1 usdt cost 70 cents.

[Alohadanc3]

For me usdt works fine. I am holding my asset in usdt for a long time. And I don't face any kind of problem. I know there are many talks around usdt. But it's also have a huge marketcap so people also using it. And every big exchange have usdt pairs. So I don't think it's risky or something. If you think you can't trust usdt then there are lots of stable coin available you can choose one or more from them.

[Mpamaegbu]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

Well, I say so far so good with my experience of using USDT as a tether option. It has remained relatively stable for me and to this I believe it can be trusted. It will be a thing of concern for me any day it crashes below $0.80. Even doing that will be it losing 20% of its price. But we have had several tokens/coins lose over 80% in price yet those coins bounced back. There isn't any issues with USDT, at least till now. That's my take.

[ardentvolcanoes]

For me usdt works fine. I am holding my asset in usdt for a long time. And I don't face any kind of problem. I know there are many talks around usdt. But it's also have a huge marketcap so people also using it. And every big exchange have usdt pairs. So I don't think it's risky or something. If you think you can't trust usdt then there are lots of stable coin available you can choose one or more from them.

You always have your own decision, I agree, if you don't trust this stable coin you still have lots of options to choose from,.

This coin is good whenever you need to convert your crypto into a fiat value while waiting for the opportunities buying a much lower

value of your chosen assets.