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[SeeBiscuit]

[dimonstration]

The forum in general doesn’t trust USDT 100% since it’s centralized and they can collapse unpredictably since they are very shady project since the beginning. The only why it was being used so far is because USDT has the biggest liquidity so far on all the available stablecoins out there that is vital to protect crypto user on possible during crypto winter. But I personally don’t plan to hold all my asset in USDT specifically for long term period because of its uncertainty. I believe most of the forum user especially the reputable member don’t trust USDT at its finest too.

[NeuroticFish]

1. One Bitcoin related motto is "don't trust, verify". Tether is .. based on trust.
2. Tether never managed to prove beyond doubt that they have all their issued coins properly backed with really valuable stuff.

So at least I was never convinced by them. However, the "community" is not homogenous and some may be trusting Tether. But I would not count them as a majority.
And something more: why are you asking in Bitcoin discussion? Imho this is more meaningful in trading or altcoins areas.

[Jawhead999]

If you ask this question to Bitcoin community of course you will get "No" answer since the reason why people trust Bitcoin is due to 100% decentralized.

If you ask this question to Altcoin or shitcoins community of course you will get "Yes" answer since they will say USDT is the most trusted stablecoin due to highest market cap and every exchanges accept it.

The answer will be same if you ask the other centralized shitcoins project.

[ryzaadit]

Nope, and nope.

Never holding with a long term, I better to hold other stable assets rather than TETHER. We-all know their backup asset only around 60-70% not really 100% backup by real asset 1:1.

That's the reason, not gonna to hold with a long term.

[Bitstar_coin]

The majority carries the vote and the majority of crypto community doesn't trust tether because they lack transparency regarding the tether backing and more.
Investment revolves around trust,  and trust in any project comes when the team involved tries to do things right, and avoid hiding vital information from the public. in the case of tether, they haven't been very transparent with their backing and have drawn the attention of notable people in crypto to raise the question and request the tether team to provide the correct information regarding this, but sadly have not.
However, this does not erase the fact it is the most used stablecoin in the market.

[abel1337]

I certainly use tether but I don't trust it completely nor holding it for a long time, I personally use it for a short period of time because it's centralized and has a chance to collapse anytime given. I just like how it pairs with most common tokens I use or potentially use. Tether is pushed into different issues now and some of those issues haven't been addressed. One of the biggest issue they have is their token is not pegged 1:1 which certainly dangerous. It's been their issues since now and it's incredible that even today there are still people holding and trusting USDT.

[cabron]

Seeing that Tether is being attacked most of the time by SEC and we are also not sure Tether's status of whether the peg is real with funds, the majority is not trusting Tether and Circle.

I kept using USDT still even with the facts. I am however confident that before USDT may even be depegged to $0.75, I can already trade them for BTC. Same with the BUSD that I'm also using in the BSC chain.

[nimogsm]

I don't trust 100% and I never keep it in my wallet for a long time.I always try to make a portfolio of alternatives in order to protect myself as much as possible if one asset loses its value.I think the last story with the collapse of the terra/luna has taught many and made them think about the preservation of their funds.

[Jackl87]

Amidst all the fire, people are wondering where it will spread next.
Trust can mean many things. Overall, it is assured reliance on the character, ability, strength, or truth of someone or something. In this case, I want to gauge how much this community currently trusts Tether ($USDT). Before answering the poll, consider the following:
Your trust in a cryptocurrency is not solely indicative or related to how much coin you hold with them, but rather your overall comfortability and blessing given to an entity to decide present and  future factors in your life.

I personally voted that i have moderate trust in Tether. There are several reasons for that. First of all i am aware of the fact that there have been discussions about the reliability and also stability of USDT because a few years ago the company behind USDT changed the wording regarding it's backing of every USDT minted from "every USDT is backed with a real USD" to "we have enough reserves to back every USDT minted", which has left a lot of doubt and uncertainty in the crypto space.
I think they have released a little bit more information about their reserves recently but i don't know if that is enough to make all doubts disappear.

[jrrsparkles]

I can't find the option what I feel so I will express it here as a reply.

I don't trust ether but I do hold them.

Yeah, you heard it right I never trust the ethereum but due to trading convenience I hold a small amount of USDT so that it is easier to buy BTC or other crypto whenever I want instead of waiting for the bank transfer to be deposited which may take hours to days in certain cases.

[alexandr1115]

Based on the answers, it turns out that many people don't really trust this coin! As for the stablecoins, it is unclear why they are stamped in such quantity?? In the end, anyone who wants to convert their coins or tokens to stablecoin will definitely ask the question, which one is the best?? But overall, I trust the USDT coin more than I don't trust it!

[o48o]

Trust is the only thing i can do if i am hodling it. But i wouldn't store my savings in it, in a same way i wouldn't store my life savings in fiat money. Just the amount i need for trading and living.

Nope, and nope.
Never holding with a long term, I better to hold other stable assets rather than TETHER. We-all know their backup asset only around 60-70% not really 100% backup by real asset 1:1.
That's the reason, not gonna to hold with a long term.

Do you hold fiat money in your bank account in long term? Because that's backed by pure faith in a government that issued it, not in any form of assets.

[albon]

As for me, I voted that my trust in Tether is moderate, given that it is one of the best stablecoins and has the most market value in the crypto market with a market capitalization of $65,69 Billion, in addition to the fact that the price of Tether had fallen previously and his team restored its stable price again because they have huge financial reserves in emergency cases, but in my opinion, each of us should not trust any central coin, stablecoin, or central exchange platform with blind trust, given that there is a central authority that controls it. We have to distribute our money among the best other stable currencies and not put all our wealth in the USDT only, We can divide it into USDC and BUSD, and DAI.

[electronicash]

the volume of USDT is just too high you can't believe only few of us trust it.
because so many stablecoin today, people perhaps have diversified stablecoin also, i can see many people are in the p2p buying BUSD.
USDC and BUSD comes next to tether in the rank of stablecoin.

we are already aware of the situation where Tether was frozen in a wallet. that just leave people paranoid especially if they have huge amount of it.

[coinerer]

Tether USDT is still known as a good stablecoin.  But it cannot be trusted 100%.  Not only USDT but any crypto can't be trusted 100%.  I personally never hold my money in one currency.  I hold 20% of all my money in stablecoins, 20% in bitcoins, 50% in fiat money and 10% in other altcoins. I consider this to be a correct calculation and I am personally comfortable with it . I don't know how others manage their money but I am satisfied with it

[TimeTeller]

Tether USDT is still known as a good stablecoin.  But it cannot be trusted 100%.  Not only USDT but any crypto can't be trusted 100%.  I personally never hold my money in one currency.  I hold 20% of all my money in stablecoins, 20% in bitcoins, 50% in fiat money and 10% in other altcoins. I consider this to be a correct calculation and I am personally comfortable with it . I don't know how others manage their money but I am satisfied with it

In my case, I am only using USDT in my trading activities, like my coins converted to USDT.
It is because that's what I used to convert to my fiat currency in p2p services.
Not really holding stable coin for long-term purposes, as I can't trust this coin for long-term holding.
I always get reminded of the 2019 Tether admission that they were not fully backed in terms of assets.
So right now, I am not confident if they are indeed having that more than $65B in assets as this is their current circulating supply.

[fzkto]

Interesting community of bitcoiners on this forum. No one trusts Tether, but absolutely everyone uses it. This also means that if people use dollars (Tether), then they don't trust bitcoin (afraid that the price will fall and they will lose dollars, which they don't trust). Perhaps this paradox could be called hypocrisy. Why use something you don't trust?

[Anonylz]

I don't trust usdt or any other stablecoin claiming to be the best. To me they are all controlled by someone or group which makes them not trustworthy.
Although I used it now and then probably because it was the first or among the first stablecoin in the market.
Ever since I came to the awareness that usdt is not 100% fully backed, I try to limit my usage. Whenever the need arise, I change my assets to the currency am more comfortable with.

[hugeblack]

Most of us are aware that there is not enough liquidity to pugged USDT, and therefore if problems occur, there is not enough support, meaning 1:1.
But the reason for use is the high levels of liquidity, as you will find this currency in most platforms.
So, when the liquidity is high, you will not find a use for that currency.

On the level of trust, I personally trust in USDC, DAI more than USDT.