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Author Topic: USDT keeps getting better  (Read 726 times)
kak uli
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April 18, 2021, 02:46:45 PM
 #61

That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
Yes, the price is obviously very good because it has increased from the previous one, but for their own coin making so far I don't know because there is nothing in circulation about it so far.

What you are talking about is very true that USDT is a good token and USDT can be exchanged into US dollars via the Tether Platform.
It should also be noted that USDT is here to protect its users from the high volatility of the cryptocurrency space. and it looks like the USDT developers are not interested in making their own coins.

ampu
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April 18, 2021, 03:06:11 PM
 #62

USDT is currently the number 1 regular trading volume in the market that surpasses Bitcoin, Ethereum, Rippe, ... Probably all currency pairs traded with USDT. In my opinion, DEFI is the trend and the new blockchains will have their own AMM, so integrating USDT into different chains will be an advantage for USDT to expand its space.
USDT is a good place to avoid storms during strong market corrections. Today I have seen USDT increase 10% compared to a normal day.

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April 18, 2021, 03:58:54 PM
 #63

After reaching a deal and paying $ 18 million for the lawsuit, Tether got stronger as they printed more money. The number of Tether issued is proportional to the increase in market capitalization. There are a lot of DEFI projects that use Tether to lock in liquid tanks so Tether indirectly leverages the crypto space. I believe there will be more blockchains that support Tether.

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April 18, 2021, 04:13:35 PM
 #64

Tether is becoming the biggest stable coin by market cap and largest trading volume. All coins have ever flowed through Tether.
I noticed that in 2017 there was only around $ 200 million Tether that made Bitcoin reach $ 20k and now there are over 48 billion Tether printed in Bitcoin reaching $ 60k. Tether's rate and Bitcoin's growth, cryptocurrency market capitalization is clear.
Although in the past Tether had many troubles about their money not being met at banks, but the problem has been solved. Tether is a very reliable cryptocurrency right now.

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April 18, 2021, 04:23:59 PM
 #65

if some traders or investors want to invest with a relatively small risk then USDT is the right choice because the price movement is relatively stable, but if traders want to multiply their assets, there are lots of attractive altcoin choices to make our investments.
in my opinion, USD is still the favorite choice for some people who are into the world of crypto, including me  Grin Grin

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April 18, 2021, 05:37:14 PM
 #66

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  Grin
There are many reasons for this but the two main reasons are that to begin with many of those that came to bitcoin originally wanted to escape fiat currencies because they think they are a scam and the inclusion of a centralized fiat currency to the market is something they do not like at all, and the second reason has to do with the claims of USDT, supposedly each one of their coins is backed by one dollar but those assurances have been put into question and even right now there are some lawsuits against the owners of this coin precisely for those reasons.



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haidil
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April 19, 2021, 12:24:37 PM
 #67

That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
Yes, the price is obviously very good because it has increased from the previous one, but for their own coin making so far I don't know because there is nothing in circulation about it so far.
with a more stable USDT value with steady rising and falling prices. With the risk of being los that is not too big, it makes the holder less worried.

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April 19, 2021, 03:25:28 PM
 #68


That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
How can the price of USDT go up? tether was issuing USDT based on the reserved funds, the more reserved funds owned by the tether and the more USDT will be issued by tether.
There will always be restriction to issue stable coin. If that was not backed by 1USDT:1USD ratio and the new USDT will never be printed.

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April 21, 2021, 06:32:40 PM
 #69


That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
How can the price of USDT go up? tether was issuing USDT based on the reserved funds, the more reserved funds owned by the tether and the more USDT will be issued by tether.
There will always be restriction to issue stable coin. If that was not backed by 1USDT:1USD ratio and the new USDT will never be printed.

Even if coins like USDT are called stable coins they are not completely stable, they still present movement even if that movement is way smaller than what we see in other coins, I remember seeing USDT trading for 1.03 dollars once although I think there are instances of USDT trading for a higher price and seeing it as low as 0.90 dollars, this is because as we know everything is affected by the supply and the demand and stable coins are not an exception to this rule.



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livingfree
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April 21, 2021, 07:10:00 PM
 #70


That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
How can the price of USDT go up? tether was issuing USDT based on the reserved funds, the more reserved funds owned by the tether and the more USDT will be issued by tether.
There will always be restriction to issue stable coin. If that was not backed by 1USDT:1USD ratio and the new USDT will never be printed.

Even if coins like USDT are called stable coins they are not completely stable, they still present movement even if that movement is way smaller than what we see in other coins, I remember seeing USDT trading for 1.03 dollars once although I think there are instances of USDT trading for a higher price and seeing it as low as 0.90 dollars, this is because as we know everything is affected by the supply and the demand and stable coins are not an exception to this rule.
They may move with those cents but that won't change the fact that it's a stable coin. The price that they're saying might be the few cents that they see.

From $0.99 to $1.

Well, if that's what they say about increasing, did they consider it as an investment?

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April 21, 2021, 07:38:56 PM
 #71


That's right USDT is great! and the price is currently going up, I think? does USDT make their own coins? without any restrictions?
How can the price of USDT go up? tether was issuing USDT based on the reserved funds, the more reserved funds owned by the tether and the more USDT will be issued by tether.
There will always be restriction to issue stable coin. If that was not backed by 1USDT:1USD ratio and the new USDT will never be printed.

Even if coins like USDT are called stable coins they are not completely stable, they still present movement even if that movement is way smaller than what we see in other coins, I remember seeing USDT trading for 1.03 dollars once although I think there are instances of USDT trading for a higher price and seeing it as low as 0.90 dollars, this is because as we know everything is affected by the supply and the demand and stable coins are not an exception to this rule.

The concept stay the same, stable coin might change in value as you said but not as volatile like any crypto which the value can pump high and really provide huge profits.

It will closely near to US dollar value if not the same due to some adjustments, good for storing your investment while trying to
figure out which coin you wanted to participate and place your money.

Not exempt to the rule but very near in terms of value.

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April 21, 2021, 07:43:06 PM
 #72

There is no doubt that USDT is the best Stable coins in the space, thanks to FUD from the competitors some of which are warranted but if not for USDT Crypto market will not be where we are presently. I just feel what Tether team need to do to cement their top position is better transparency and improve in public perception of the coin

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April 22, 2021, 12:52:34 PM
 #73

Yes, right. I also have the same opinion. Because besides USDT has Fiat currency, USDT also has a very strong influence on the world's economic rate. so for it is right if we maintain the assets we have become USDT

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April 22, 2021, 01:28:18 PM
 #74

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
Getting better in terms of what?

If you assume that having more different platform based tokens for tether, will get bright future for it, then probably you are complete wrong. Personally I do not need more number of platform such new dapps like polkadot (it's future is still a big doubt), but I look for more transparency from tether.

I see they have removed the open auditing page from their website and also they moved their operating head office to new location. When we seek more transparency, they are doing more shadow things.

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April 22, 2021, 05:04:22 PM
 #75

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,  Wink don't mind me if you are USDT hater   Grin, read the full news below

https://www.theblockcrypto.com/post/100614/tether-usdt-stablecoin-polkadot-kusama

It is true that USDT is widely known by investors and non-investors alike, because USDT is the first stablecoin to appear in the crypto world, so of course USDT can be trusted and safe as a stablecoin, I myself have never had a problem with USDT, especially now that USDT continues to integrate with various exchanges and new coins

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April 23, 2021, 07:58:02 PM
 #76

Coinbase in its blog today announced that from April 26, USDT trading will be available on the exchange: https://blog.coinbase.com/tether-usdt-is-launching-on-coinbase-pro-3a1353060e41 And this can really be considered as the recognition of USDT in the US market, although initially USDT will be available on the Ethereum blockchain.

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April 23, 2021, 08:16:44 PM
 #77

It is true that USDT is widely known by investors and non-investors alike, because USDT is the first stablecoin to appear in the crypto world, so of course USDT can be trusted and safe as a stablecoin, I myself have never had a problem with USDT, especially now that USDT continues to integrate with various exchanges and new coins
That's right, as long as I use USDT in several trades, I have never experienced any problems with it, so there is no word not to believe in USDT tokens, especially if during a market correction, USDT tokens are very reliable for storing assets that already existed before me reuse to trade on multiple exchanges.
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April 27, 2021, 08:25:36 PM
 #78

Glad to see USDT will try to expand its service on DOT platform. As per the latest news and i can say that USDT is starting to be a transparent company and according to the latest report if all of USDT were fully backed by USDT.

The centralization of USDT gives ability for sometimes there's a hacked case happened with exchange site.

If USDT is not centralized and i can imagine how much million USDT already stolen by hackers.

This is great news. I was very pleased when I discovered this news this afternoon. All the same, Tether is more and more justifying his calling and place in the crypto market.
Starting from litigation and ending with the fact that on different blockchains, there are various variations of a stable USDT.


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April 27, 2021, 08:54:53 PM
 #79

Glad to see USDT will try to expand its service on DOT platform. As per the latest news and i can say that USDT is starting to be a transparent company and according to the latest report if all of USDT were fully backed by USDT.

The centralization of USDT gives ability for sometimes there's a hacked case happened with exchange site.

If USDT is not centralized and i can imagine how much million USDT already stolen by hackers.

This is great news. I was very pleased when I discovered this news this afternoon. All the same, Tether is more and more justifying his calling and place in the crypto market.
Starting from litigation and ending with the fact that on different blockchains, there are various variations of a stable USDT.


It is true that USDT is widely known by investors and non-investors alike, because USDT is the first stablecoin to appear in the crypto world, so of course USDT can be trusted and safe as a stablecoin, I myself have never had a problem with USDT, especially now that USDT continues to integrate with various exchanges and new coins
That's right, as long as I use USDT in several trades, I have never experienced any problems with it, so there is no word not to believe in USDT tokens, especially if during a market correction, USDT tokens are very reliable for storing assets that already existed before me reuse to trade on multiple exchanges.
Stablecoins are crypto assets that have a stable value. This is because their value is directly tied to fiat currencies, such as the US dollar. and usdt is the best stable altcoin currently in the crypto world, just like you, I also prefer to secure my assets in the form of usdt when seeing the deteriorating market conditions so that at least our money value will be more stable and usually usdt will be a little experience price increases when the market continues to deteriorate this is due to the many traders who convert their assets both Bitcoin and altcoin into usdt and this further increases the demand for usdt.

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April 27, 2021, 09:17:36 PM
 #80

The listing of USDT on CoinBase stops all the Tether FUD once and for all, there is no doubt the team can do better with thier transparency and I am sure the team do not have all the DOllar they claim they have in the bank but having said this they have done well for the space, the rise of stable coins is as a result of Tether and other projects joining the space has them to thank


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