Which stablecoin do you trust the most?

[bryant.coleman]

The only stablecoin that I trust (still not 100%) is Binance USD. I am definitely going to trust Bitfinex and its shitcoin USDT, as they are even worse than the federal reserve. The way in which they print new tokens, they have even put the federal reserve to shame. Market cap increasing by 10x in one year? Seriously? And there are people who still keep their reserve cash in USDT. Ben Bernanke could learn a lesson or two from the Tether foundation.

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[RabbiTANK]

What level of trust you referring to? I wond dare store thousands of dollars with USDT or any other stable coins because anything can happen, it seems people are already forgetting the part where it says crypto is a high risk investment, I tend to always play safe but USDT is my favourite stable coin yet the level of trust is very low

[CryptoTech_]

Hey guys,
I plan on selling some of my altcoins in the near future. Instead of converting it to fiat, I will rather convert it to BTC and stablecoins. I hear a lot of concerns regarding USDT, which is why I want to ask you guys what stablecoin you prefer to hold?

Thanks in advance.

If you don't believe in USDT I think BUSD can be an option, BUSD is a stable coin pegged to USD made by Binance.

[Nanda Dewi277]

I allocate funds in the form of BTC and ETH as my savings when needed. I am more focused on investing not trading, in my opinion, that is the best way today to use capital to generate profits in a few years, and so maybe you can conclude that there is no other choice but to store your assets in safe coins.

[Bitcoinislife09]

Hey guys,
I plan on selling some of my altcoins in the near future. Instead of converting it to fiat, I will rather convert it to BTC and stablecoins. I hear a lot of concerns regarding USDT, which is why I want to ask you guys what stablecoin you prefer to hold?

Thanks in advance.

I am currently using USDT as a stable coin and so fair there are movements in the price of it but mostly it was really that big of movements. Probably because it is the best widely use stablecoin and also has a 32B market cap. Also, a lot of exchanges also is supporting tether conversion with a lot of tokens plus it has a high-interest rate holding a big volume of tether in your account. I think BUSD is a good stablecoin also if you are using Binance as a exchange or holding coins in that platform.

[judaspriest]

If it is just temporary the you can convert USDT. I also use this stable coin to trading in some volatile coin.. a good pair for any altcoins to trade. I fully trusted in USDT because it's already popular stable coin and it's been 6 years ,USDT still trading all over the world.

It was a good decision to trust USDT because I think it is one of the coins that can be said to be stable and has potential,
So far, the development of USDT has been good,
so maybe the coins in the future can develop even further and maybe it's just a matter of time

[redsun114]

Go fo Bitcoin, that's the best plan for a long term. You don't wanna lose so much and look at how it turned right now. I never expected the price of Bitcoin to be like this, a very good sign it could go higher beyond expectations.

Yes, but for those who have never bought it in the past it will be very unfortunate because they have to buy it at a very high price at this time, as well as people who have given up Bitcoin for the sake of others, because at least they must feel sorry at this time.

It is all about balancing need and amount in today's case. What do I mean? Well if you have certain amount of money at the side and you know that you will not need that money for sure and it is totally just spare at the side? You could invest that into bitcoin today and wait for years if you have to. Why years? Because, if bitcoin keeps going up from this place you still made a profit and that is a great deal, but if price of bitcoin drops a lot that means we are talking about a huge drop in your investment but if you are capable of waiting for years like I said, you could make that money back a lot.

There were tons of people who bought at around 20k in 2017 and sold in 2018 when the price dropped, if they waited they would have made nearly 3x profit right now, that is not something to joke about, so waiting is the key here.

[darewaller]

Go fo Bitcoin, that's the best plan for a long term. You don't wanna lose so much and look at how it turned right now. I never expected the price of Bitcoin to be like this, a very good sign it could go higher beyond expectations.

We all like Bitcoins but during trading of Bitcoins and altcoins, stable coins play a vital role and the thread is not about whether holding bitcoins are the better choice or holding altcoins because that debate is quite obviously won by bitcoins.

I usually prefer USDT because it is right now the most popular stable coin and the market cap is humongous which brings more trust in them. I don't know what issues they have and yeah I know they don't do public audits and other important things like how much is the reserve but I still don't feel that makes them untrustworthy.

[Pascal43]

Funny that there are a lot of people that are always talking about the "Not your keys not your crypto" principle.

And they are right!

But at the same time they like stable coins like USDT, PAX, and UDSC...

Well these centralized stable coins can be switched off with the press of a button and there is nothing you can do about it if they want to.

We should promote more decentralized stable coins.

[kevinzxz]

Hey guys,
I plan on selling some of my altcoins in the near future. Instead of converting it to fiat, I will rather convert it to BTC and stablecoins. I hear a lot of concerns regarding USDT, which is why I want to ask you guys what stablecoin you prefer to hold?

Thanks in advance.

If I personally choose USDT, because the volume of USDT is very high and exists on any exchange, so it is very easy for us to make transaction using USDT and in my opinion USDT is also very safe for now, because there are still many people who use USDT as a stable coin in cryptocurrency, therefore you shouldn't hesitate to use USDT.

[bitzizzix]

Hey guys,
I plan on selling some of my altcoins in the near future. Instead of converting it to fiat, I will rather convert it to BTC and stablecoins. I hear a lot of concerns regarding USDT, which is why I want to ask you guys what stablecoin you prefer to hold?

Thanks in advance.

If I personally choose USDT, because the volume of USDT is very high and exists on any exchange, so it is very easy for us to make transaction using USDT and in my opinion USDT is also very safe for now, because there are still many people who use USDT as a stable coin in cryptocurrency, therefore you shouldn't hesitate to use USDT.

Yes, the most popular stablecoin is Tether (USDT) which in my opinion is currently the largest and most popular and best cryptocurrency by market capitalization and has the highest daily trading volume of all cryptocurrencies and is still reliable although there are still many potentially good stabilcoins besides USDT.
and apart from owning some USDT I still prioritize bitcoin as my mainstay which I trust of all coins.

[lixer]

The only stablecoin that I trust (still not 100%) is Binance USD. I am definitely going to trust Bitfinex and its shitcoin USDT, as they are even worse than the federal reserve. The way in which they print new tokens, they have even put the federal reserve to shame.

I have similar thoughts about tether and I would rather sell and store fiat directly instead of keeping these so called stablecoins who don't have any base and the whole idea of bitcoins and crypto was to make payments decentralized and these stablecoins are now killing the basic idea itself by centralizing the reserve and the control is always in the hands of owners.

If it is just temporary the you can convert USDT. I also use this stable coin to trading in some volatile coin.. a good pair for any altcoins to trade. I fully trusted in USDT because it's already popular stable coin and it's been 6 years ,USDT still trading all over the world.

That's how it seems but every good thing might come to an end, I would rather use bianance usd because I already keep my bitcoins and altcoins at binance so if they turn scam, I am screwed anyways.

[LostConfidence243]

There are many stable coins available in the crypto market such as TUSD, BUSD, USDC, and USDT. I use USDT. Because I personally like TRON network. The USDT, on the other hand, is almost 1:1. And this network is very popular and trusted.

[Mata Kripto]

there are 3 such as USDT, DAI and BUSD. but between the stable coins above and what I believe and is often used to trade only USDT. I believe USDT can maintain its value and is safe to use as well. and sometimes I also use USDT (trc-20) when trading on poloniex.

[Evilish]

I don't usually use stablecoins but when I do I trust USDC more than the others because it's actually backed by actual reserves unlike the others. And it's also supported on Coinbase so that makes it easier to do occasional trades.

I've also used DAI and USDT in past, but try to avoid USDT for the most part due to it not being not fully backed by actual reserves.

[Winscosinally]

It sounds stupid to put all your trust on centralized projects but at the same time even decentralized projects are not safe, I would choose USDT stable coin over decentralized stable coins because it's regulated just like BUSD, USDC and others, that's it usdt all the way

[Pithaxz]

as we know that most people trade with that coin as their base currency. and I say this not because it depends on most people, but because I personally believe it, USDT is a stable coin that can maintain its value or equivalent like a dollar currency,and also the USDT trc20 is very cheap and the process is fast too.

[Rana590]

In my personal opinion, USDT is the best stable coin. USDT on trc20 is very popular at this time. Low transaction fee and super fast transaction. Day by day people are getting engaged on USDT.

[BITCOIN4X]

For the short term maybe I believe in a limited amount of USDT stabilcoin. But in the long run I don't know which stabilcoin is the best to store. I don't really like holding stabilcoin in the long term although on the one hand this can help trader secure their fund when the market is sluggish. Since I mostly use fiat-enabled exchange, I prefer to keep fund in fiat.

Stabilcoin are mostly used by exchange as crypto trading pair rather than being stored for long period of time. There is no point in storing stabilcoin as they are not profitable.

[mekar sari]

for now I still believe in USDT as a stable coin because it has many advantages USDT has many pairs for coins in almost all markets besides it has a large network of several major coin platforms such as ethereum and tron and of course the low fee make me believe in usdt even more