Is USDT a trustable?

[lvsca]

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 USDT is a scam, you can move to some stable coins available on other networks, for example USDT(trx), BUSD, USDT(bnb), USDC, some of these coins are ready to replace USDT at any time if USDT is problematic. I'm sure this is an ethereum network constraint that has problems with the density of transactions every time.

[budi691]

old news is back and always says USDT is a scam,
and out of all the news about USDT Scam, none of them are proven,
So can this news be trusted?
Of course not, USDT is definitely a trustworthy stablecoin with all the real evidence so far.

[Abiky]

Although I don't see any problem with it, if you are scared and don't trust it then you can use other stables in the market.
USDC
BUSD
DAI
Pax Dollar
....
It's also not too different from USDT because it still represents fiat in essence.

Trusting USDT is like trusting Fiat. There's no difference from one another except for the fact that Tether (USDT) is a digital currency controlled by a company. If you're still skeptical about USDT, then there's always the choice of other stablecoins like the ones quoted above. The more stablecoins there are, the more choices people will have in the long term. Crypto is all about being trustless, so I'd advise anyone to never put large amounts of money on USDT just to be safe. The market will carry on with or without USDT, due to the decentralized nature of crypto. As long as you diversify your investment into other crypto assets, you'll have nothing to worry about. Just my thoughts

[Jeger.Kiting]

I always trade with USDT until now I always use USDT and it still looks fine, if someone says USDT is very bad it's like we read a news story that is bullshit, so there is nothing bad about USDT, it is my opinion, because I still use USDT for my transactions from the exchange to my wallet..

[bastian466]

USDT is becoming another crypto pair in almost every exchange market.  From the arrival of the bad news until now there has been no striking change.  Like altcoins, if there is bad news, usually the price will drop. Now usdt still looks stable even though the price is going down it's because other altcoins are going up

[manok jepang]

I personally have been investing with USDT since 2017, and I didn't find any problems at all, fluctuations in the value of this coin is a very normal thing to happen in the crypto market, until now USDT is still a very good exchange, I don't think there is anything to doubt  with this stablecoin, because the movement is still very normal.

[finaleshot2016]

USDT is becoming another crypto pair in almost every exchange market.  From the arrival of the bad news until now there has been no striking change.  Like altcoins, if there is bad news, usually the price will drop. Now usdt still looks stable even though the price is going down it's because other altcoins are going up

The goal of USDT is to be a stable coin that everyone can trade and that has the same value as fiat currency. That's why USDT and BUSD don't vary their pricing much; the low percentage change is due to the fact that it's not designed to be an investment asset; instead, it's a mechanism that allows us to hold money without worrying about it.

[Cryptoultra6526]

USDT is strong and stable that's why no place for me to think that they will become scam soon.

[goldkingcoiner]

USDT is a strong stable token. Probably even the strongest (as in the most adopted). But if the ERC20 blockchain does not keep up and Vitalik Buterin keeps getting distracted by shiny objects, I think that we will need a stablecoin or stabletoken (not the same thing. A coin has its own native blockchain, a token does not).

The problem is scalability and gas fees. Whats the point of sending 5 usdt to a friendo if it costs you 50 bucks to send it? At this point you would be better off with a semi-decentralised blockchain like binance smart chain. At least BUSD only costs pennies to send.

But I think we will see an evolution in stablecoins soon. First was the age of ICOs then STOs then Defi and soon maybe even a new generation of stablecoins. Lets just wait and see.

As far as trust goes, USDT has proven itself time and time again that it can be trusted. And nobody is going to bring down USDT. At least not any regulators....

[bitterguy28]

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?

I don't know what is happening in USDT network now but Binance had put a minimum withdrawal amount in which not happened in the past.

I think there is something coming bad to USDT? help me find answer because of this action from binance .

USDT is strong and stable that's why no place for me to think that they will become scam soon.

In what proof you can give this justification ? how strong USDT is?

[Quantum907]

I've been using USDT for almost 3 years and everything went smoothly without any problems, switching to USDT is a good thing to keep money stable, and this has proven to be effective so that USDT is the coin with the largest daily transaction volume today.

[Semar Mesem]

USDT has passed various audits and no doubt USDT is very reliable, we can even see the source code so that if there is anything suspicious it will be easy to find out, the daily transaction volume of USDT is 2x that of bitcoin and makes me not hesitate to save assets to USDT.

[abralzain17]

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?

I think USDT is a Token that has better liquidity and is universally adopted when using other trading platforms. therefore I don't think USDT will be a Scam and you don't need to replace it.

[JahriMeayer]

I haven’t seen anyone who has any complaints against usdt yet but I'm also reading similar articles about usdt, from long ago.but see comments, everyone has positive experience of using usdt, including me. Afterwards if your analysis tells you not to believe in usdt, then thats fine. similar trustworthy stable cryptos like  usdc, busd, dai, terrausd, tusd are available for your pick

[Hobo66]

USDT is one of the most popular stable coin. most of the people gives preference to this coin. There are little hazards related to USDT. In my opinion I think that every person should choose USDT. If you are selecting stable coin then just select USDT. It is very trustworthy. 

[RiskySanchez]

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's just dark news used to drop USDT, no valid news that proves USDT scam. USDT operates as a second tier token on top of other cryptocurrency (crypto asset) blockchains, such as Bitcoin, EOS, Tron, Algorand, Bitcoin Cash, and OMG, and is secured by their respective hashing algorithms. you must research again if you want to know

[Slon55koz]

I haven’t seen anyone who has any complaints against usdt yet but I'm also reading similar articles about usdt, from long ago.but see comments, everyone has positive experience of using usdt, including me. Afterwards if your analysis tells you not to believe in usdt, then thats fine. similar trustworthy stable cryptos like  usdc, busd, dai, terrausd, tusd are available for your pick

Perhaps the talk about the unreliability of USDT is due to the fact that many are talking about the default of the US dollar. And the rest succumb to panic moods and react too actively to such news. I have not had any questions with USDT so far, so I will not create anti-advertising for the project. And what to invest your money in is the decision of each individual.

[Ngewex Yuk]

I always move my crypto to USDT when I see the market is going down, I think USDT is a trusted token and has never encountered problems, this is what makes USDT the most active token paired with any coin, even USDT's daily transaction volume is currently the largest.

[superman184]

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?

The digital fiat USDT is currently pegged to the value of one US dollar and also backed by real dollars is the most reliable stablecoin to be used in the process of hedging against volatile crypto prices and also an alternative to be used in storing money compared to storing it in a bank or financial institution. whichever promises to keep your funds safe enough for you.

[Jose Mourinho]

although the usdt movement is very stable, but I think there is nothing to doubt about this token, because its growth is very promising, if we analyze more deeply about its history, this coin has been exposed to various kinds of slanted news since 2018, but this situation does not make USDT  sinking, even the stability of USDT is very clear until now, in my opinion USDT is a very trusted token, and its security is very high because so far I have never encountered any problems when using USDT.