I stake most of my USDT, it is better to leave it as USDT or change it to USDC ?

[lyzaeth]

I stake most of my USDT,
it is better to leave it as USDT or change it to USDC ?

https://i.ibb.co/XLqs38R/zzz.png

[ryzaadit]

I don't think "USDT" are gonna to de-pegg

So, there is no problem at all while you are holding with "USDT". But off course the decision is up to you, however from my perspective with the volume and asset treasure (USDT are not gonna to de-pegg).

[crzy]

There’s a lot of rumors spreading around crypto world about stablecoins de-pegging and I think this is also one of the reason for a market crash which is to create FUD and Panic to people. If the rate is good with USDT and you’re ok with it then I think you are on the right path beside you’re more safe from this bear market. I can suggest that make sure you can get that USDT anytime and if you see opportunity, its better to convert it into BTC than to another Stablecoin.

[alterra57]

USDT should be okay, if it fails entire crypto fails.

[Fire me!]

Beter dump the USDT it is not safe. Theydo not hsve sufficient backing. You neede to manage risks in this bear market and USDT is a big risk uou should not take. USDC is safer.

[lobo13hf]

USDT is fine for short term but if you wanna go for long term and USDC or BUSD were the best choices caused by this stable token already licensed by the authorities. So USDC and BUSD more reliable compared with the USDT in term of various things. I meant this is much more safe compared when you are holding USDT which was backed by various things like bonds and etc. You can consider both USDC and BUSD to be stable token for your asset.

[seoincorporation]

For a long time, we think the stable coins were a secure bet, but after all the Luna drama we realize those coins can crash too. But I would say the best bet is to stay closer to the one with the biggest market capitalization. As you can see:

USDT has $72,203,097,262
USDC has $54,271,521,019

That makes me feel more secure with USDT. But it's your call.

[GreatArkansas]

For me, the highest the market capitalization, the better. Above this post are the market capitalization of the two stablecoins.
If you are afraid on what happened on UST LUNA, I am more positive it will be impossible to happen with USDT and USDC. For me now, I have 50% on USDT and 50% USDC too.

[coupable]

If you stake them for a short period than you are good to go. But for ling term holding, i don't think it's a reliable method to stake your savings using one of the stable coins because of some few reasons :
- How you guarantee that those stable coins are safe for long run ?
- Based on what you may chose this stable coin or another ?
- What's the difference between using any of them and using any other form of Fiat money ?
- Some of them are backed by real dollars money, then what forbids you to use dollar itself ? Isn't much more safer ?

Holding in cryptocurrencies means investment by staking. Using a stable coin for long term investment staking seems to me like no sense .

[X-ray]

Both were better. USDT and USDC are the safest assets and this moment and you didn't need to convert it but if you are feeling doubtful with USDT and you can convert it into the USDC. These days people didn't even care about what kind of stable token as long as they can secure their assets. i think that if still holding your USDT was a very good choice for now. In my opinion if converting it means nothing and it was also having the same mean if you are only swapping the token

[tbct_mt2]

I don't think "USDT" are gonna to de-pegg

I think so too but don't never say never.

So, there is no problem at all while you are holding with "USDT". But off course the decision is up to you, however from my perspective with the volume and asset treasure (USDT are not gonna to de-pegg).

Amongst all stable coins, USDT is the oldest stable coin and it has proven its strength through many drama, attacks. I hope this time, in the massive attack on stable coins, USDT will show its strength again.

Anyway, if the OP is really worrying about USDT and risk of depeg, why does OP have to consider about USDC?

It is a bit stupid my opinion, why we have to move from oldest, safest, strongest stable coin to alternative?

If we are worry about stablecoin, we should cash it out, and switch to USD. When all the attack completes, we can switch USD to USDT again. It is better and safer approach.

[ilovealtcoins]

USDT should be okay, if it fails entire crypto fails.

Cryptocurrencies do not depend on USDT, but if USDT collapses, it could cause a big crash to the market. but honestly I don't think USDT will lose its peg like UST. that's very unlikely since USDT is pegged to dollars and government bonds and not other crypto-assets.

[SEEEP ZEEBOLOGI]

USDT should be okay, if it fails entire crypto fails.

i mean usdt not entirely backuped with usd unlike usdc, so it's not really that safes stable coin out there

[cryptoaddictchie]

Both of these are good stablecoin especially usdt as iy widely used on the cryptomarket and exchanges. But you should be ready on the risk of any kind such as depegging and freeze of account as it happened on ust luna already or some issue before that usdt got some freeze accounts. Thats really dangerous and quite sfary to know that they can do that anytime.

[5W-KILO]

At this point I am totally confused that USDC is a lot safer that USDT but all in all I believe USDT is right under the nose of the law, if something is going to get wrong the team won't be making it out alive  I meant running away, they once had issue with the law in the past and this put some kind of surveillance on the team.

[Jawhead999]

What's the difference between both of them? they're centralized and could be frozen whenever the CEO want it. You're like comparing an apple with an apple, there's nothing difference, if you compare USDT/USDC with DAI, then it's have a difference since DAI is decentralized.

And the worst thing is you're staking most of your tokens to centralized party, if Natomi got hacked, all of your tokens will disappear since the hacker is the one who stole your tokens.

[tvplus006]

USDT is fine for short term but if you wanna go for long term and USDC or BUSD were the best choices caused by this stable token already licensed by the authorities. So USDC and BUSD more reliable compared with the USDT in term of various things. I meant this is much more safe compared when you are holding USDT which was backed by various things like bonds and etc. You can consider both USDC and BUSD to be stable token for your asset.

After the SEC began investigating the activities of Binance, I would not consider the BUSD stablecoin for the safe storage of my cryptocurrency savings. In this case, USDC is more preferable, but an even better option would be to withdraw your savings to fiat.

[Xal0lex]

And what prevents you from diversifying your staking and using 2 stablecoins? Why choose between 2 assets when you can have both in your portfolio and still balance your stablecoin portfolio and thereby reduce risk? To me, USDC is a slightly better asset than USDT. And I believe it will be a top stablecoin in the near future. Both USDC and USDT have similar problems with short-term loss of tethering and securing their tokens with real fiat.

[BitcoinHodler]

the best option is always going to be either holding USD (the real dollar) or bitcoin. that is because any altcoin like USDT can be dumped at any point like Luna even if they promise to never dump and remain stable.
don't forget that TETHER is run by a very shady company.

[udidrone]

I will still support USDT, even though there is no significant difference between usdt and usdc, but when viewed from various aspects such as, transaction volume, demand, market cap, usdt is superior to usdc. In a situation like this, it is the right decision to maintain the stability of your assets. So I suggest sticking with usdt