Is USDT a trustable?

[Silver80]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Negative news about USDT began to appear in 2018, when the Trade Commission sued Bitfenix and Tether Ltd for the fact that USDT is not backed by real dollars. Nothing has changed since then, negative news about USDT appears regularly, but at the same time the coin is still functioning on the market, while the capitalization of the coin is constantly increasing. If you want to have fewer problems in the future, then use decentralized stablecoins.

I suggest you should give an example to the OP about other decentralized stablecoins because the OP is still confused, you ordered the OP to use decentralized stablecoins but you didn't mention it, such as movies censoring "ads in it" or what you might think recommends decentralized stablecoins.

[haidil]

Simple, if it's a scam then why is USDT surviving to this day? No scam lasts long. You should drop the bad news source for us to see and read. So this is not considered a breeze. If you are planning to replace a stablecoin other than USDT what is a good choice? don't they all have the same stable value?

[zasad@]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

https://coinmarketcap.com/view/stablecoin/
I am also intimidated by such a huge number of stablecoins
USDT is the most widely used stablecoin and it is very difficult not to use it.
I prefer using Dai for long term storage.
Read the latest news in this thread
https://bitcointalk.org/index.php?topic=5247581

[South Park]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

If you are that worried there is no point waiting for something to happen at the coin for you to make the change, just move your money to another stable coin, now most of the time you are going to face the same problems with all stable coins that are supposedly backed by fiat, since it is doubtful the one which created the coin has as much fiat as they claim it is backing their coin, so it is probably a good idea you look into decentralized stable currencies as well.

[Cixboy61]

Bad news around stablecoin usdt has been around for a long time. But if there is a problem on it all of us have big issue about it because USDT is one of the best way to send money between exchanges.

[Rengga Jati]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

So far, there is nothing bad happens to USDT, FUD is always around here, you know, Bitcoin always gets FUD, moreover bigger FUD every time spreading by big companies, popular people, and also big countries. But in fact, FUD will not decrease the trust because Bitcoin itself is valuable and we trust this.
So does the USDT, I don't think that this stable coin has a very big FUD, although some parties make some FUD about the security and also some problems related to the laws. But so far, nothing bad happens.
USDT still becomes the biggest trading volume and market cap among others.
I personally also always use USDT as the pairing in exchanges.
However, some other stable coins are also no problems.

[ene1980]

Care to link that bad news regarding USDT? Why it should end up as a scam to you? Let's discuss that news.

If you are really worried, then choose other stable coins now. Diversifying is one of the options too.

If you want to hear about the negative news of USDT you will find plenty if you google as there is no shortage about it and you cannot trust them as they keep on minting new coins in the market all the time and there is no transparency. Bloomberg recently publish an article regarding their transparency questioning their claims about backing $69 billions as collateral and you know what, the funny aspect is that the team behind Tether did comment on the article but did not talk about showing them the collateral .

Here is the Bloomberg article

[GubiMixa1292]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Bad news about USDT has been around for a long time but I still find stablecoins much safer than other cryptocurrencies. Because so many people use USDT, if it crashes, it doesn't mean it can't be fixed. According to my information read and learn we all buy and trade any coin using USDT , but you can still do your own research on BUSD , USDC or DAI , that is Your decision on this is just my thoughts and suggestions.

[tabas]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Change it to DAI. For those that are not aware of what happened before with USDT.
They can do this; Tether Can Freeze and Destroy Your USDT

[Shasha80]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Bad news about USDT has been around for a long time but I still find stablecoins much safer than other cryptocurrencies. Because so many people use USDT, if it crashes, it doesn't mean it can't be fixed. According to my information read and learn we all buy and trade any coin using USDT , but you can still do your own research on BUSD , USDC or DAI , that is Your decision on this is just my thoughts and suggestions.

It's true that bad news about USDT has been around for a long time, but until now USDT is still the best stable coin and even the volume is still high.
So I can say USDT is trustworthy and safe to use, but there really is no compulsion to follow my advice. It's much better if we do our own research
and analysis to determine which ones we think are stable coins that are worth using. There are quite a number of stable coins available today,
please check one by one which one we think is good.

[Kavelj22]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Generally mentioning USDT like it's a common known symbol, becomes inappropriate nowadays. USDT is the symbol for many stable tokens USD-based.
Except for USDT Erc20 built in top of Ethereum blockchain, almost all the others built in other blockchains are decentralized and not owned by a centralized entity.

[sovie]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Information that USDT is unreliable has been appearing since its creation. There have been several audits already and all have shown that everything is fine.
Of course, some global catastrophe can happen, but if no one turns off the Internet in my opinion USDT is the most reliable stable coin.

[Sir Legend]

USDT being the coin with the largest daily transaction volume with the average daily volume being 2x the daily volume of bitcoin, I always trade with USDT if I see the market is too volatile so the asset will be safe. there is no doubt that USDT's success has inspired many devs. which develops fixed coins in the future.

[TheUltraElite]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

There is a certain disdain in the crypto community about USDT because it is pegged to USD and the supply is centralized. It goes against the actual ideal that cryptocurrency hopes to emphasize - decentralization.

Now there is also the fact that USDT was the first of its kind, that is stablecoins, but correct me if I am wrong. Since it was the first, it faced a lot of criticism that time and they seem to still go on among many specific user groups.

The point is that, you can take advantage of that and use this for what it was meant to. That is using Tether as an intermediary asset to hold during the swings between bear and bull. Sell BTC for USDT at high price - hold USDT while bitcoin drop - buy bitcoin by spending USDT at low. Dont hope to keep the USDT as a hodl method - that is a wrong thing to do.

Whether you want to trust something or not, the decision rests on your judgement. I use it for such trading purposes and there has been no problems yet. If something bad happens to the USDT store, we will see how that goes.

[Mkmanik]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

It would be nice if you share those links here with us. Because I am very interested to read that news, not yet found any news like this.
I am regularly using stable coins and it's fine. Not yet faced any big issue with stable coin.

If you do some scam, fraud, hack, etc, Then your stable coin may get blacklisted. Without it, your coin is safe to store or use.
First elaborate more in detail, maybe after that we can give you the proper solution or answer of your problem.

[pragna]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Obviously USDT is trustable to me. In crypto market USDT crying its portfolio as stable coin and now market is too much vast and increasing day by day. So how i cannot believe USDT? Lot's of investors trusted in USDT and i also there. So you can easily trust on it.

[trauchot]

I have been keeping my savings in USDT already very long time and I have not had any problems with this, but of course there is sometimes fud around USDT or other stable coins, but this is all just fud, of course, once the SEC started checking USDT and the SEC checked USDT and there were no problems with USDT, so you can safely store your money in USDT, but if someone is still afraid to do this, then there are many other stable coins in which you can also store your money if USDT does not suit you, well, I will keep keeping my money exactly in USDT, as this is not the first year I have been doing this.

[Ararbermas]

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

probably its just a fuds so that they can convince traders to change another stable coin.    by the way mate kindly share the link here so that everyone can give a good comment for that news.  Because to be honest i never heard such information about usdt as it's is the common pair of some traders since the very start, and its a stable how it become scam? Lol

[adiebitsler]

So far it is still safe to use, USDT is the USD symbol in cryptocurrency if it is a scam, then stable other coins will have an impact as well. I guess this is just news made to drop USDT. However, USDT has been around for 3 years and can be trusted by many people.

True, in general USDT is a stablecoin benchmark for other stablecoins with value accuracy adopted in fiat USD so that it will always be maintained and will not make sense if it becomes a scam, because the risk is also never there.

[geegaw]

So far it is still safe to use, USDT is the USD symbol in cryptocurrency if it is a scam, then stable other coins will have an impact as well. I guess this is just news made to drop USDT. However, USDT has been around for 3 years and can be trusted by many people.

Yes, as a special contract based on the stable feature of fiat like USD, possessing a lot of operating experience located on crypto and with some such qualities, there is no doubt about the safety and integrity of USDT in operation, many investors consider it to be a lifeboat that holds their assets while the sea is full of storms. The most recent suspicion is still only a non-transparent suspicion and has not been able to form an official news, reliability is still among the top priorities, its root is also not smaller than bitcoin when the holders are the most cunning in the market, not easy to extort their money.