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Author Topic: Which stablecoin do you trust the most?  (Read 1053 times)
NextDoor125
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February 22, 2021, 06:32:33 PM
 #101

If you wish to know my opinion regarding USDT then I can say you can trust this one without any hesitation. There are some other stable coins as well in this market but USDT has a right base to do well in recent future. I personally have USDT as well.

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heztida3
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February 23, 2021, 03:07:17 AM
 #102

USDT is incorporated, can be frozen and not 100% supported with genuine USD fiat, so it will be more risky to hold instead of USD. Despite the fact that it's on top 3 market cap and has numerous holders, however the two of them aren't assurances to say it's protected.

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aubert
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February 23, 2021, 05:18:18 AM
 #103

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.
IMO, if a stablecoin is listed everywhere then it's easily become one of my best stablecoin since the ease to liquidate asset is exactly the only factor that we should look into.



If you wish to know my opinion regarding USDT then I can say you can trust this one without any hesitation. There are some other stable coins as well in this market but USDT has a right base to do well in recent future. I personally have USDT as well.
That's right, USDT tokens are often used as a basic benchmark by several people in crypto including myself as well, because in the past two days the USDT token also experienced a sharp price increase and is still surviving today.
wtf? isn't USDT is a stablecoin meaning doesn't matter how cryptocurrency market moves its value gonna stay the same? even if there's high and low on their chart the it will eventually go back again to $1 value in no time.

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overttherainbow
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February 23, 2021, 05:23:04 AM
 #104

I just hodl a banch of usdt because i know that every exchange support it
junkerr
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February 23, 2021, 05:25:44 AM
 #105

wtf? isn't USDT is a stablecoin meaning doesn't matter how cryptocurrency market moves its value gonna stay the same? even if there's high and low on their chart the it will eventually go back again to $1 value in no time.

usually, the increase occurs in the exchange rate with the currency in the country. the value will always equal 1; 1 to USD. unfortunately, has he heard or read about the bad USDT issue on the Ethereum chain?

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February 23, 2021, 06:05:38 AM
 #106

The cost is extremely unpredictable right now, so it's smarter to purchase more modest sums throughout a more drawn out timeframe than to simply purchase at the same time. I think USDT keep stable and have potential greater cost depend how world circumstance, perhaps when get uplifting news usdt can get sway more exorbitant cost albeit few percent however more strength to keep stable on more exorbitant cost.

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February 23, 2021, 08:41:17 AM
 #107

Yes, usdt is the most stable coin in the crypto-currencies world which is also help to me, because at present, we see almost 99% of crypto-currency is downs the market, but few coins like usdt and usd coin are still holding their position.

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February 23, 2021, 10:15:16 AM
 #108

Once thing I dont understand - if there is USDT, who use other stable coins and why they are even created? Still dont understand real difference between USDT/USDC/BUSD/TUSD. Their exchange rate to US dollar is 1:1 or 1:1.01. Also dont understand why one exchange could support several such stablecoins. In general, they are all USD. Why not just have single stablecoin for all purposes ?

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February 23, 2021, 11:36:19 AM
 #109

I think most people are using USDT for now, so I kept some of my assets in USDT. at this time I also use it because many people use it, so I feel that USDT is much safer than other stable coins even though I have heard a lot of negative news from USDT.
I am completely agree with you. I think it is safer to hold our asset in USDT. Because in the current volatile market condition if you hold another coin the price can dump at any time. On the other hand, the value of USDT is a lot of fix like $1.0-0.99. In some Crypto exchanges, the transaction of USDT Tron chain is completely free like Binance, Kucoin, Bithumb Global etc.
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February 23, 2021, 01:10:21 PM
 #110

USDT is a very good stablecoin for those who want to minimize their losses when the cryptocurrency market falls, as well as to lock in their profits. when Bitcoin and Ethereum reach their maximum historical level, then it will be possible to sell them for sure for USDT. Even today, when the cryptocurrency market has fallen by an average of 20% over the past 24 hours, the capitalization of USDT has grown instantly, because people use the power of the stablecoin to preserve their capital.
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February 23, 2021, 01:44:39 PM
 #111

despite many rumors about USDT but until now I have trusted USDT as the easiest way to secure assets when there is storm like now, and among USDT erc20 I prefer the Trc20 version because of the lower costs when send to wallet

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February 23, 2021, 02:35:11 PM
 #112

My most favourite stable coin is USDT. Because it is on TRON blockchain. And Tron blockchain is very fast, less cost etc. USDT coin is also a very old coin. And its market capitalization is also very good.
If we use USDT TRC-20 blockchain  it has a very minor transaction fees.

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February 24, 2021, 07:06:19 PM
 #113

Honestly speaking there are lots of stable coins in the cryptomarket, but if you ask my opinion then I'll go with USDT. USDT is the only stable coin in the crypto world. Easy to buy & sell, best coin for trading, investors make huge money with it. Personally, I invested in USDT and fully satisfied with it.

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February 24, 2021, 08:04:24 PM
 #114

stablecoin is used to exchange crypto to fiat when someone is not transacting and doesn't want to lose their money so they exchange it to fiat until they want to enter the market again for now I use USDT and BUSD for the stabelcoin that I use because I often also make transactions on bsc so BUSD is the most appropriate choice.

TrueUSD (TUSD) is, in my opinion, much more reliable than USDT. The currency is also supported by the dollar. Moreover, the creators of the coin support a transparent policy and when passing systematic checks, questions about TrueUSD do not arise.

Although many more accustomed to trusting Tether, I think the popularity of USDT is well deserved. Although the name of this coin has been mentioned more than once in the context of various scandals, Tether remains the most popular stablecoin on the market.

I think there are not very many special differences between the two famous coins.

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February 27, 2021, 05:45:30 PM
 #115

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.
Yeah, until the Ethereum 2.0 comes things are looking bleak on the ethereum blockchain and while tron is a good alternative, there are huge number of coins been made on ethereum so people are going to suffer for sometime.

As far as stable coins are discussed, I think the Binance stable coin BUSD is the best option right now because although Tether USDT has a great volume but they never look transparent the way they operate and most of the traders use Binance so it makes sense to use their own stable coin. Frankly speaking none of these centralized stable coins impress me too much but that doesn't mean I don't use them because I have to at times and there ain't any good decentralized stable coins out there.

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February 27, 2021, 06:52:57 PM
 #116

~
I had used USDT long time ago a bit, but good thing I just held it for a short amount of time because now I heard that there are stablecoins being frozen even in their own wallet.
Right below you OP, there's a reply of Jawhead999 and it pretty much sums up what stablecoins you need to use.
I think I'll follow with DAI now.

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February 27, 2021, 07:30:13 PM
 #117

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.
BUSD, DAI & USDT are great...
The three stable coins that I wrote above are very good but you will lose a lot if you only hold the third without generating passive income from the three. I suggest you use the features provided by Binance, you can take advantage of the BUSD, DAI & USDT liquidity pool provided by Binance. so far it has been in my favor because it has given me a share of the rewards from a sizable pool of my capital.



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Kusman
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February 27, 2021, 07:57:03 PM
 #118

The stable cryptocurrency busd that I trust most.  Because all my investments are on the binance exchange. If anything happens to binance, all coins will be affected.

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February 27, 2021, 10:07:26 PM
 #119

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.
BUSD, DAI & USDT are great...
The three stable coins that I wrote above are very good but you will lose a lot if you only hold the third without generating passive income from the three. I suggest you use the features provided by Binance, you can take advantage of the BUSD, DAI & USDT liquidity pool provided by Binance. so far it has been in my favor because it has given me a share of the rewards from a sizable pool of my capital.

I will go for BUSD as it is secure in my opinion.
Even if we say, Binance collapses or any hacking incident that they may face in the future.
Your funds are secure because of their insurance on this platform, what you call SAFU.
With USDT, somewhat not comfortable with this because we don't know the absolute truth of their assets.

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February 27, 2021, 10:18:42 PM
 #120

I chose USDT as a trusted stablecoin, because USDT volume is higher than Bitcoin volume. This is enough as the reason I make USDT a trusted
stablecoin compared to other stablecoins. After all, USDT has long been a stablecoin that has always been in the top 5 cryptocurrencies, this is
another proof that the demand for USDT is indeed quite high. Therefore, until now I am still actively using USDT as a trading pair, because USDT
can be used to store the profit I get when trading, sometimes I also use USDT to avoid volatile markets.

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