USDT keeps getting better

[eaLiTy]

USDT is getting more expansion by going on polkadot chain and kusama combined, this means USDT isn't playing around, I know not everyone likes USDT but what could go wrong on here? It's still the best stable coin I've known till date,  don't mind me if you are USDT hater 

There are many things that could go wrong, a government or a collective effort could seize USDT and they are not known to display any form of transparency and if they are seized and if you are holding the coins you have zero value and do you think it is not possible, just search about Liberty Reserve and how that stable centralized currency was seized by the actions of multiple government agencies, you will get an idea that it is possible .

[pixie85]

USDT is getting more expansion by going on polkadot chain and kusama combined, this means USDT isn't playing around, I know not everyone likes USDT but what could go wrong on here?

As someone using USDt just to secure your profits for a while until you move into another coin you are not risking a lot with this stable coin but don't use it as a store of value. It's not fiat money! Having USDt does not equal having USD. You're holding a company promise that they are solvent and will pay you back, you are not holding fiat even though they say so.

It's still the best stable coin I've known till date, 

The biggest market cap doesn't mean the bast. They have so much because they're probably printing USDt with no backing just to have more investment possibilities. If I had the ability to make money out of thin air I'd do it and buy other things with it like gold, fiat money and bitcoin. They're probably doing the same and we won't know about it until the system collapses.

[Blitzboy]

One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

Centralization is not always bad as long as the authority keeps everything transparency and clean. The main reason people hate usdt because of many shady activities, not because of the centralization. And even though it is criticized, you cant refuse its benefit of making cryptocurrency trading smooth.

[hulla]

One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

Centralization is not always bad as long as the authority keeps everything transparency and clean. The main reason people hate usdt because of many shady activities, not because of the centralization. And even though it is criticized, you cant refuse its benefit of making cryptocurrency trading smooth.

Centralization will be bad at some point and if the authority keeps every transparency now, there's no guarantee that the system will remain the same in the future when they see that the crypto is affecting the trust and the usage of their Central Bank Digital Currency. Have you not know that's the reason why the Chinese government never support Bitcoin and the last time decentralization was among the reason why Satoshi created Bitcoin then.

[iTradeChips]

Come think of it, looks like they are dead serious in their attempts at expansion and with that they would be able to make the stable coin grow to billions in market cap in a very short time. That will make a lot of people be suspicious of their motives but nevertheless, it is a good move to expand to more and more platforms. I am not sure what's in store with the stable coin for the next few years but I am pretty confident that USDT is here to stay.

[jerry0]

What is the best network for usdt?  People say use tron because its cheaper than eth right?

[onecall123]

One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

You are right here. USDT is in control of over all the stablecoins. Most holders prefer to keep their funds in usdt than any other stablecoins.

Yes, it is a stable coin and HODLing it does nothing for you however just assists you survive in the bear market by converting into it. But, Problem is the owners keep printing extra whenever point they need. There some platforms give you interest in the event that you hold a portion of the stable coins for longer than a month or something like that.

[CrossroadBTC]

One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

You are right here. USDT is in control of over all the stablecoins. Most holders prefer to keep their funds in usdt than any other stablecoins.

Yes, it is a stable coin and HODLing it does nothing for you however just assists you survive in the bear market by converting into it. But, Problem is the owners keep printing extra whenever point they need. There some platforms give you interest in the event that you hold a portion of the stable coins for longer than a month or something like that.

Whatever extra they prints shouldn't affect anybody, USDT works for whatever reason it was built to work for and that's to pegg USD, as far as my 1$ remains 1$ I'm fine with whatever updates they pull off, this is the best stablecoin coin so far I believe

[deathcode]

it is something that has to happen naturally. Polkadot is the new popular network this year. of course, getting market attention will be very important. and later the user will judge how comfortable they are.
many network options are currently being adopted by USDT. but not all of them provide a pleasant and comfortable transaction experience.
At the moment the USDT TRC20 is the most fun for me.

[DarkDays]

One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

As well as that, USDT don't yet have proof (nobody has seen this) that they have their USDT tokens backed up by real USD. This has been a problem for years

now which is why some people dislike USDT but somehow USDT still seem to get away without having to show this proof despite being asked several times already 

[(o)(o)ilikeboobs(o)(o)]

I like Tether, every time they print more money, the crypto market continues to increase in value after a while. Tether has been printing a lot of money since March 2020, their market cap has surpassed 30 billion dollars today, Tether's daily trading volume of today is 145 billion dollars (topping volume of delivery translation on coinmarketcap). Tether has been a transparent stable since they successfully settled the lawsuit in March. I am confident that Tether will continue to help prop up Bitcoin and the entire market in the future.

[Cadaver20]

What is the best network for usdt?  People say use tron because its cheaper than eth right?

As far as I know there is Ethereum, Tron and Omni network for USDT.  Of these, USDT transaction fee is lowest and speed is higher in Tron network. So I think Tron network is the best network for USDT.

[fahmimajannat]

Yes it is.
Its the safest place where yoyr assets are completely safe from fluctuations of the market.
Its better to convert your assrts in to usdt while a bull market is about to end any time.
So usdt is the best option to ensure the Safety of your assets.

[Silberman]

One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

It is very obvious why people do not really like stable coins, the concept of a coin that is backed by a fiat currency is not very solid in the mind of most people, however people could tolerate that but as we know there were accusations against tether about whether or not every single one of their tokens were backed with dollars and even if they still maintain that has always been the case many people do not trust those assertions because it is a similar game than the one governments were playing back when their currencies were backed by gold.

[ene1980]

As well as that, USDT don't yet have proof (nobody has seen this) that they have their USDT tokens backed up by real USD. This has been a problem for years

This is the biggest problem everyone is telling for years but some of the fools does not even understand the gravity of the issue and they feel like if the protocol keeps on changing the system is getting better. There are a lot of people in the market who does not have any idea about economics nor have real experience in understanding these things and so is the reason you are seeing many fan boys of these shit coins.

now which is why some people dislike USDT but somehow USDT still seem to get away without having to show this proof despite being asked several times already 

They cannot run all the time and get away with things like that, there will be a time when they will be seized to exists and when that happens people always like to learn things the hard way. 

[lalabotax]

I'm still confused why someone hates USDT. This is a stablecoin and this is the most used stable coin in exchanges. So, I personally don't mind enough about this, as long as we can still use it, why not?
And moreover sometimes I can take profits from converting USDT to my local currency 

[rozak]

I'm still confused why someone hates USDT. This is a stablecoin and this is the most used stable coin in exchanges. So, I personally don't mind enough about this, as long as we can still use it, why not?
And moreover sometimes I can take profits from converting USDT to my local currency 

it's because there is some bad news on social media regarding USDT. I think you've heard of it too.
there is a possibility also because the ERC20 USDT is so expensive for transactions. hence some who do not know USDT TRC20 which has lower transaction fees will consider USDT to be a bad asset.
actually nothing different from BUSD and other stable assets.

[S4VV4S]

The benefits of usdt holders are increasingly expanding and dominating a lot of crypto, usdt is flying so that it can reduce high gas by exchanging it on usdt, usdt also expands the platform network so that it has good shipping for the future

[cabalism13]

One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

that's one good reason but not to hate, USDT being centralized has it's own benefits.
And besides it is one of the most used stable coin in all of the exchanges that existed especially on Binance, I always use USDT as a pair to alts as I find it much better than using BTC or ETH.

[makishart]

The benefits of usdt holders are increasingly expanding

That's why we have no reason to hate but some people think decentralization is everything when it comes to the crypto but the fact that if centralized exchange site is still become the entity that was holding the largest volume in the crypto market. That proves that the decentralization is not always needed for sure. There's a moment that we don't need the platform or coins to be truly decentralized.