what do you think about USDT?

[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.

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[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.