Is USDT a trustable?

[Abiky]

USDT is the oldest, most established and largest stablecoin and presumably easier to integrate than other stablecoins. This doesn't mean it is the best or safest stablecoin though.
I would suggest to split your holdings across several stablecoins to avoid a large loss in case USDT or another one is going south. To me it is not a question if, but when this will happen.

USDT may be the oldest stablecoin, but it's still subject to failure. The situation is even worse when the coin itself is centralized. A government crackdown or the issuer running away with the money could put an end to Tether for good. I wouldn't trust anything that's centralized since the risk of loss is always there. Instead of trusting a centralized stablecoin like Tether, you should trust a decentralized alternative like DAI.

Ultimately, you decide what you want to do with your money. The crypto market will carry on as usual with or without Tether (USDT). As long as decentralization prevails, nothing else matters. Just my thoughts

[mbakruroh]

depending on the perception of each. So far I'm using USDT as a trading pair and haven't had any problems at all. this shows that USDT is still feasible to use. the rest depends on how you judge it.

Maybe people don't talk about the level of safety of trading with the USDT pair, but the level of circulating supply is getting higher. They worry that the SEC will sue the USDT coin as it did with Ripple last year. The circulation of USDT coin supply is getting higher, is it possible for USDT developers to have real assets with the amount of USDT they are developing. Since USDT is a stable coin, of course they must maintain an exchange rate equivalent to USD.

[jrrsparkles]

Ignore such bad news it is still highly trustable stable coin.  If you are still worried you can use BUSD or TRCusd these both also a good option but I do not see anything bad in using USDT. I don't think it will be a scam.

How can you claim that its trusted? Cryptocurrency is actually here because the trust on the government lost since they started to print more and more money as they wish and USDT is doing the same which is more riskier than what banks did in the past which can be same for BUSD any other centralized stable coins. DAI is truly decentralized coin but since its an erc20 the transaction fee is expensive but same as USDT erc20.

[tuertezii]

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 ask whether usd can be trusted, I think everyone is very clear about this issue. When you have been in contact with this industry for a longer time, partners should have a consensus that any centralized thing cannot be truly trusted. .

[kingangel]

If you want to hold USD, then just hold USD and if you are an active trader, then hold USDT to use to for everyday activities in crypto trading platforms. USDT is the most popular and most trusted stablecoin right now. I don't see any reason for it to happen something bad or wrong. Every exchange, even Binance prioritizes it over it's own BUSD.
If you don't trust USDT, you can just simply convert your USDT into USD or GBP or Euro or any other currency you trust. There should be one fiat that you trust the most and with most of exchanges, that's not a problem.

[wemakereview]

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?

Dont worry so much about news. Just think critically and determine your decision. I can see nothing that worries me about usdt.

[Sagaris]

Bad news has been around for years. Everyone still uses USDT.

[turneps]

As for whether USDT is reliable, I can confirm that it is possible.
In terms of technology, USDT is safe. Basically USDT is a centralized token, developed on top of the decentralized Ethereum blockchain, and backed 1:1 with US dollars stored on Tether Ltd's balance sheet as cash in the account. bank accounts and government bonds.
USDT is still considered a stable coin, at least for now and is still traded on many exchanges, although there are times when the USDT price fluctuates away from 1 USD, but the price fluctuates slightly. The movement is not too sudden.
USDT was created for the purpose of supporting BTC to be used more widely, so it is not the same as the AltCoin as we know it or this is not a coin created to compete with BTC. While other cryptocurrencies are experiencing unpredictable fluctuations, USDT has a very good stability, so you can confidently invest in USDT without worrying about price slippage. like other coins.

[Abiky]

How can you claim that its trusted? Cryptocurrency is actually here because the trust on the government lost since they started to print more and more money as they wish and USDT is doing the same which is more riskier than what banks did in the past which can be same for BUSD any other centralized stable coins. DAI is truly decentralized coin but since its an erc20 the transaction fee is expensive but same as USDT erc20.

Crypto is all about being trustless. And Tether is the opposite of that, since it's "digitized Fiat". Using Tether is no different than using an ordinary bank account. There have been cases where USDT funds were frozen (blacklisted) by the issuer as they were deemed suspicious. You're essentially trusting a third-party to keep your funds safe in the long run. This introduces a single point of failure, which is something that goes against crypto's value proposition.

The DAI stablecoin is a much better option as it gives back power to the people. Its decentralized and censorship-resistant design, allows anyone to take control of their money without risk of getting accounts frozen or seized by a third-party. What Tether has is first-mover advantage. It's this reason why USDT is still the #1 stablecoin on the market. If it wasn't by that, DAI would've been the leading force by now. Just my thoughts

[bonyaserg]

Personally, I find the USDT coin to be very stable. And believe various rumors that the coin will lose its credibility. I think these are just rumors to make people panic and drain their coins. For myself, I decided that the coin was both stable and continues to bring excellent income to its holders.

[vermigerous]

Definitely it is, speaking of trustable yes because it's one of the coin that has the ability of stable in such fluctuation activity of the crypto market. If you have invest in some different coin, you can transfer or convert it to USDT when times that your coin would decrease continuously and play safe for a possibility of lost profit. That's the help of USDT as a stable coin.

[globalpain]

Definitely it is, speaking of trustable yes because it's one of the coin that has the ability of stable in such fluctuation activity of the crypto market. If you have invest in some different coin, you can transfer or convert it to USDT when times that your coin would decrease continuously and play safe for a possibility of lost profit. That's the help of USDT as a stable coin.

I never doubted USDT however until now USDT is one of the trusted stable coins,
having stable coins like USDT or BUSD gives us options and of course that's a good thing

[Lubang Bawah]

Definitely it is, speaking of trustable yes because it's one of the coin that has the ability of stable in such fluctuation activity of the crypto market. If you have invest in some different coin, you can transfer or convert it to USDT when times that your coin would decrease continuously and play safe for a possibility of lost profit. That's the help of USDT as a stable coin.

I never doubted USDT however until now USDT is one of the trusted stable coins,
having stable coins like USDT or BUSD gives us options and of course that's a good thing

Yes it is true, when the market is too volatile and looks like it will drop then immediately switching to a stable coin like USDT is the best thing, the presence of stable coins especially USDT makes everyone think wisely when looking at the market, even I always switch assets with large values to USDT and I have used it for more than 3 years.

[fvb]

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?

In my opinion, this is the most stable coin. And I believe that nothing bad should be. My personal recommendation on this is that everything will be fine.

[bekti3]

Definitely it is, speaking of trustable yes because it's one of the coin that has the ability of stable in such fluctuation activity of the crypto market. If you have invest in some different coin, you can transfer or convert it to USDT when times that your coin would decrease continuously and play safe for a possibility of lost profit. That's the help of USDT as a stable coin.

I never doubted USDT however until now USDT is one of the trusted stable coins,
having stable coins like USDT or BUSD gives us options and of course that's a good thing

That's right, they are one of the stable coins and I am currently converting some of my coins to stable coins like them and preparing to wait for the market for some time until I believe the current correction is complete.
The advantage of this stable coin is that I think we can minimize it so as not to lose too much when there is a correction

[Porfirii]

Bad news around stablecoin usdt has been around for a long time and it still remains the market leader. If there are problems with usdt this will affect the crypto market very much and most likely it will affect you in the moment and no matter what asset you are in this moment.

This.

I perfectly remember late 2017/early 2018. Just after the great pump in almost every coin in CMC, with the total market cap going nuts, crypto press started flooding the media with catastrophic news about USDT and about the possibility that it was a scam. In my case, and in the case of almost all of my friends, we didn't edge our portfolio (not even a part) when the market turned bearish all of a sudden, because we were afraid.

I may be wrong this time, but budlo is right: bad news on USDT have been around for some years (many years, taking into account the short life of everything crypto), it is up to you to believe it or not. To me, it is trustable, but don't be silly and diversify in different stablecoins just in case (the eggs in the basket and all that).

[Muslimin mj]

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 news you read is bullshit. because Usdt is the best stablecoin in my opinion. and the bad news you get is that it comes from market rivals who want to bring down Usdt's name so as to make usdt unattractive to the public. and if it's true that USDT is a scam then the recommendation is DAI.

[finaleshot2016]

Bad news around stablecoin usdt has been around for a long time and it still remains the market leader. If there are problems with usdt this will affect the crypto market very much and most likely it will affect you in the moment and no matter what asset you are in this moment.

This.

I perfectly remember late 2017/early 2018. Just after the great pump in almost every coin in CMC, with the total market cap going nuts, crypto press started flooding the media with catastrophic news about USDT and about the possibility that it was a scam. In my case, and in the case of almost all of my friends, we didn't edge our portfolio (not even a part) when the market turned bearish all of a sudden, because we were afraid.

I may be wrong this time, but budlo is right: bad news on USDT have been around for some years (many years, taking into account the short life of everything crypto), it is up to you to believe it or not. To me, it is trustable, but don't be silly and diversify in different stablecoins just in case (the eggs in the basket and all that).

Yes, USDT has had a number of issues in the past, but those issues were not created by its users, thus it's likely that it's just a ruse manufactured by some large entities to discourage the use of USDT. USDT, in my opinion, is a pretty stable coin, and I don't have many issues with it; the only thing that counts to me is that it serves as a safe haven when the market is bearish, so there's nothing to worry about because we've been using it for how many years. If they do not trust USDT, they can turn to BUSD, another stable coin.

[livingfree]

the news you read is bullshit. because Usdt is the best stablecoin in my opinion. and the bad news you get is that it comes from market rivals who want to bring down Usdt's name so as to make usdt unattractive to the public. and if it's true that USDT is a scam then the recommendation is DAI.

It is the best centralized stable coin. But no doubt the volume that it got is the highest.

But if you're in an exchange that also has DAI, you better choose the decentralized stable coin like DAI. It's just for having peace of mind if you know what they can do with an individuals USDT holdings.

[nurulhmani1280wat]

USDT is the most trusted and safest coin to hold especially if you want to protect your funds from market volatility, I say until now I still hold it, The bad news about this coin has happened too many times over the last few years so don't worry and forget and trade as usual, it is the most stable coin in the crypto space, it is one of the most supported coins by all exchanges.