Biggest problems with Banks stablecoins can solve this

[Fullbear2222]

Biggest problems are liquity flexibility.
For example i have UK Barclays i want to send canada BMO bank or maybe to Nordea finland account.
Money don't move smooth neither fast and it's very expensive process not sustaineble and it takes a lot resources.
But If you have like USDT or Stable GBP or Stable Euro then you can send it instant all over the world and whole storing the wealth and transactions are easy.

Specially now when liquity problems all Banks having now and economy down turn i dont trust anymore Banks.

And why we need Even Banks ? If there is all ready developent to connect cash atm machines to USDT or other Stable coins.

Generally speaking the tradional banks dont work anymore and up coming cyber attacks will only proof that the current fiat banking is weak.

We not talking about CBDC by goverment control as new system we are talking here pure Stable coins such us USDT.

Where do i Will invest my all wealth?
It's not gold not btc not Property either ... Property is most risky Investment it's Like NFT it has no Market price fixed by exchangers so gold is much better If i have to choose.

The safest Investment would be stablecoins USDT can buy soon all the world.
Once all cash ATM can be connected to USDT to cash then the we Are ready all the new financial freedom and Simple and best system with fast transactions system and with best liquity.

Sorry but Im out of old Fiat Banks they are old and dont just work anymore maybe revolut bank can work but other Banks really the time IS up and USDT can replace them

[mk4]

Did you really actually say that USDT and stablecoins is a great investment? Broski I don't think you even know what an "investment" is if you think something pegged to the USD is an "investment".

[BIT-BENDER]

Well just as you are aware of this simpler method of send asset across countries using Cryptocurrency not everyone knows about this method, and just like you I have had issues receiving Foreign currency into my local domiciliary account.

Receiving funds from outside my countries take longer time and some times I may be required at the bank for some clarification but it’s extremely simple using USDT.

[stompix]

Did you really actually say that USDT and stablecoins is a great investment? Broski I don't think you even know what an "investment" is if you think something pegged to the USD is an "investment".

It is an investment if you're a country in which the currency is going downhill, so if you have and you get paid in Turkish Lira, Argentinian Peso, or Rial,  yeah, USDT could be considered some kind of "investment", as you basically invest in foreign currency, of course with the said risks of owning a token that might be worthless tomorrow.

But if you're in the US or EU this makes as much sense as any other of this guy and his clone accounts ideas! Just think about how he solves all the liquidity problems caused by the forex market by connecting USDT to all ATMs!  

[tjtonmoy]

The safest Investment would be stablecoins USDT can buy soon all the world.

Huh? Investment on stablecoin? Investment means you can make profits from it. If not, then you are merely just holding and storing your assets. That's not investment.
And in order to make profits from your investments, you have to take risks. Otherwise, what is there which you could call investment?

Once all cash ATM can be connected to USDT to cash then the we Are ready all the new financial freedom and Simple and best system with fast transactions system and with best liquity.

You may have a good speed for transaction. Maybe if you are willing to spend your money, then that should be good. Otherwise, don't go for stablecoin if you are trying to make some money from your investments.

[Fullbear2222]

Did you really actually say that USDT and stablecoins is a great investment? Broski I don't think you even know what an "investment" is if you think something pegged to the USD is an "investment".

It is an investment if you're a country in which the currency is going downhill, so if you have and you get paid in Turkish Lira, Argentinian Peso, or Rial,  yeah, USDT could be considered some kind of investment, as you basically invest in foreign currency, of course with the said risks of owning a token that might be worthless tomorrow.

But if you're in the US or EU this makes as much sense as any other of this guy and his clone accounts ideas! Just think about how he solves all the liquidity problems caused by the forex market by connecting USDT to all ATMs! 

Well we all want life to be Simple and a lot freedom.
Also btc is good too but it's pure DCA Investment thing.
But in rate hikes situation the USDT Will go up and purache power Will go up.

Anyways it's hassle to use Banks to send money to canada to USA and to UK to europe the banks not connected and it's not liquid at all.
The future plan
Cash will stay together with USDT and backed by btc or trx

But all those uncertanity situation the USDT busd and USDC loking most safest.
USDC circle and blackrock is good If black rock Will get into something then it got to be serious so USA Stable coin is serious.
Soon eu and UK Will do their own tron it eth Stable coin connected with cash atm then we all gona rock

[slapper]

When you say that stablecoins like USDT offer advantages over traditional banking, I can see where you're coming from. On the other hand, I cannot agree with you that stablecoins are a "great" or "safe" investment. A stablecoin's value follows that of the underlying currency it is tethered to, in this case the US dollar. You are, then, merely storing a digital representation of the money you already possess. It's the same as keeping money in the bank or a savings account with a regular financial institution.

There may be advantages to adopting stablecoins in terms of transaction speed and simplicity, but I wouldn't put all my money into stable coin (they are not a term of investment). Bitcoin, gold, real estate, and more alternatives exist. More money can be made using bitcoin and other cryptocurrencies. Keep in mind that there is always some degree of risk involved with investing. But if you have faith in digital currency, you will be compensated

[mk4]

It is an investment if you're a country in which the currency is going downhill, so if you have and you get paid in Turkish Lira, Argentinian Peso, or Rial,  yeah, USDT could be considered some kind of "investment", as you basically invest in foreign currency, of course with the said risks of owning a token that might be worthless tomorrow.

But if you're in the US or EU this makes as much sense as any other of this guy and his clone accounts ideas! Just think about how he solves all the liquidity problems caused by the forex market by connecting USDT to all ATMs!  

It's a lot more of 'hedging' than 'investing' in this case. An investment is mostly referred to something whereas you expect profit. On the other hand — people from countries with crappy fiat money hold USD to limit risk, not necessarily to profit (unless you attempt to get in and out, forex trader style).

[Solosanz]

USDT, CBDC, Cash, Digital Fiat, etc are have same value, I failed to understand how you can say USDT is the best investment.

If we talking about the safety and security, USDT is centralized and the CEO can freeze the token even you hold the coin in your own non custodial wallet e.g. a wallet where you have full control over your token except you share your seed phrase to other people.

If we talking about the price, USDT is stick with fiat value where the price always inflated and the value will always decrease.

[Lucius]

But If you have like USDT or Stable GBP or Stable Euro then you can send it instant all over the world and whole storing the wealth and transactions are easy.

How about practicing your obsession with so-called stablecoins where it belongs -> Altcoins // Isn't Bitcoin also a much better solution than fiat, because you can make a transaction whenever you want, cheap and relatively fast + as a rule, one confirmation on the network makes the transaction safe - although for larger amounts the recommendation goes to 3+ confirmations.

Generally speaking the tradional banks dont work anymore and up coming cyber attacks will only proof that the current fiat banking is weak.
We not talking about CBDC by goverment control as new system we are talking here pure Stable coins such us USDT.

It has already been mentioned, but for me, centralized fiat is safer than centralized USDT, which can be frozen at any time, and who says that it is pegged in a 1:1 ratio with anything? Out of everything that exists in the world, you decided to believe in something that is completely centralized and owned by private companies that operate almost on the edge of the law and can at any moment become the subject of an investigation, and then your stablecoins will be worth one big nothing.

[Dickiy]

But If you have like USDT or Stable GBP or Stable Euro then you can send it instant all over the world and whole storing the wealth and transactions are easy.

How about practicing your obsession with so-called stablecoins where it belongs -> Altcoins // Isn't Bitcoin also a much better solution than fiat, because you can make a transaction whenever you want, cheap and relatively fast + as a rule, one confirmation on the network makes the transaction safe - although for larger amounts the recommendation goes to 3+ confirmations.

Generally speaking the tradional banks dont work anymore and up coming cyber attacks will only proof that the current fiat banking is weak.
We not talking about CBDC by goverment control as new system we are talking here pure Stable coins such us USDT.

It has already been mentioned, but for me, centralized fiat is safer than centralized USDT, which can be frozen at any time, and who says that it is pegged in a 1:1 ratio with anything? Out of everything that exists in the world, you decided to believe in something that is completely centralized and owned by private companies that operate almost on the edge of the law and can at any moment become the subject of an investigation, and then your stablecoins will be worth one big nothing.

That's right, it's better for me to keep my money's worth in fiat than in USDT or other stable coins, it's very dangerous as you said, stable coins can be frozen by the developer whenever he wants. A close example is the stable coin TerraUST which brought destruction to the development of their ecosystem even though not because it was frozen but everything has the potential to be destroyed if something goes wrong or even proven fraud, I think that can be used as an example by us not to save money in stable coins especially if you invest in it. And it is true that USDT operates on the edge of the law and is the object of investigation due to many suspicions of fraud.

[Bitstar_coin]

Biggest problems are liquity flexibility.
~The safest Investment would be stablecoins USDT can buy soon all the world.
Once all cash ATM can be connected to USDT to cash then the we Are ready all the new financial freedom and Simple and best system with fast transactions system and with best liquity.

Sorry but Im out of old Fiat Banks they are old and dont just work anymore maybe revolut bank can work but other Banks really the time IS up and USDT can replace them

Can you share more light on how we can profit from investing in stablecoins usdt? am very curious about that statement and I don't mind if you can give brief info on it. 
Connecting usdt to the ATM will not give you or anyone any financial freedom because they are equally centralized and can be easily manipulated just as fiat is.
Your love for usdt is alarming 

[Leviathan.007]

Biggest problems are liquity flexibility.
For example i have UK Barclays i want to send canada BMO bank or maybe to Nordea finland account.
Money don't move smooth neither fast and it's very expensive process not sustaineble and it takes a lot resources.
But If you have like USDT or Stable GBP or Stable Euro then you can send it instant all over the world and whole storing the wealth and transactions are easy.

~snip

From what I can see, I think you are counting more than it should be on the stablecoins because in the end none of our trustworthy and people won't use any stable for investment normally because of the risk they should get. That's why and due to lack of the trust in stablecoins that's possible to rely on stablecoins, in the other hand if you consider stablecoins for huge and international trades it won't be useful for a government to use stable coins because of the market cap of these coins.

[Yatsan]

Did you really actually say that USDT and stablecoins is a great investment? Broski I don't think you even know what an "investment" is if you think something pegged to the USD is an "investment".

It is an investment if you're a country in which the currency is going downhill, so if you have and you get paid in Turkish Lira, Argentinian Peso, or Rial,  yeah, USDT could be considered some kind of "investment", as you basically invest in foreign currency, of course with the said risks of owning a token that might be worthless tomorrow.

But if you're in the US or EU this makes as much sense as any other of this guy and his clone accounts ideas! Just think about how he solves all the liquidity problems caused by the forex market by connecting USDT to all ATMs!  

As long as its market value is changing, it could be considered as an investment because there is a profit being anticipated. Problem is, in fiat and fiat based digital currency (inline) increases only depending with economic situation and is not based on demand directly or what not. There are even people who managed to made some profit on the increase with USD exchange over other currencies.

But going back, OP have mentioned about problems concerning transaction. The problem I guess with the situation is more concerned with different banking institution which will cause delay. We are already there. Banks have disadvantages but it is serving its purpose still. I'd more prefer viewing this industry separated from one another.

[stompix]

~

It's a lot more of 'hedging' than 'investing' in this case. An investment is mostly referred to something whereas you expect profit.

That's why the "", but some do think of those like investments and in some extreme cases you could even make a profit, so not only you're not losing purchasing power but since the whole thing is going down the drain each of your $ is worth more in that crumbling economy, land, houses, almost everything that is tied to the economy in that particular area. But, not the ideal scenario and not the way I want to live my life.

As long as its market value is changing, it could be considered as an investment because there is a profit being anticipated. Problem is, in fiat and fiat based digital currency (inline) increases only depending with economic situation and is not based on demand directly or what not.

The economic situation triggers the demand, and a meltdown in crappy economies triggers a rush to a safe haven, it's almost the same as in BTC but with a twist, while some try to escape a devaluating currency to USD, with BTC more look for gains now, not protecting their wealth. So, demand that triggers value, vs constant value that triggers demand. Quite the opposite of what one would have expected.

[Argoo]

Did you really actually say that USDT and stablecoins is a great investment? Broski I don't think you even know what an "investment" is if you think something pegged to the USD is an "investment".

It is an investment if you're a country in which the currency is going downhill, so if you have and you get paid in Turkish Lira, Argentinian Peso, or Rial,  yeah, USDT could be considered some kind of "investment", as you basically invest in foreign currency, of course with the said risks of owning a token that might be worthless tomorrow.

But if you're in the US or EU this makes as much sense as any other of this guy and his clone accounts ideas! Just think about how he solves all the liquidity problems caused by the forex market by connecting USDT to all ATMs!  

USDT stablecoin is a private currency, although it is 80 percent backed by dollars. Its issuer is a private company Tether Holdings Limited (formerly Realcoin). The asset is issued and redeemed through the Tether.to platform. Realcoin was founded in 2014 by Brock Pierce, Reeve Collins and Craig Sellars. If this company goes bankrupt, USDT holders could suffer large losses. This should always be remembered and its use should be treated with caution.

But as a buffer between fiat currency and cryptocurrency, USDT provides people with certain conveniences. But I do not think it is a good investment for the long term. It is most likely a tool for current financial transactions and a storage platform in the short and medium term.

[dzungmobile]

Did you really actually say that USDT and stablecoins is a great investment? Broski I don't think you even know what an "investment" is if you think something pegged to the USD is an "investment".

Stable coins are not investment and they are bad for your fund safety too. It's your topic.
PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

USDT stablecoin is a private currency, although it is 80 percent backed by dollars.

First of all, it's hard to know why you bumped this inactive thread.

About USDT (Tether stable coin), it is not a private currency. USDT is deployed on many public blockchains, Bitcoin on OMNI layer, Ethereum on ERC-20 chain, then BSC, TRC20 and some other altcoin blockchains. All these blockchains are not private like Monero.

Its issuer is a private company Tether Holdings Limited (formerly Realcoin). The asset is issued and redeemed through the Tether.to platform

Two years ago, around fiascos of Terra (LUNA and UST stablecoin depeg and death spiral) and FTX, there were massive fear and many questions around stable coins and companies behind them. I remember that I read Tether's ToS that they can allow users to redeem or don't allow users to redeem. It's big risky term from Tether company.

Redeem Tethers to fiat currency. Their guide says you only can redeem with some conditions, and the min redeem value is $100,000 which is big for most of Tether users. Hence, if you are not rich, let's assume you're unable to redeem your USDT to fiat currency.

Your choice will be selling USDT to your fiat currency but generally Tether's redeem process is not accessible for all users.

[icalical]

Of course, banks can be slow and expensive, and stablecoins such as USDT are indeed faster and often cheaper. However, it's not that simple to say that this makes stablecoins the complete solution. For one, banks are adapting. Many test stablecoin technologies for their own sake, such as JPMorgan with its JPM Coin for faster cross-border transactions.

But stablecoins are a growing breed, and they do come with some significant risks. Many, particularly those backed with assets such as commercial paper, can lose value during periods of market stress; that, in turn, might lead to loss of confidence and ultimately liquidity problems. Regulations around stablecoins are also tightening, so it's not that clear how long they'll operate outside of the oversight that banks are currently subject to. So, as helpful as stablecoins can be, especially within the fintech arena, the reaction at both the banking and regulatory level is one to watch. They may not be obsolete just yet.

Moreover, if I have to choose a digital currency Bitcoin will be the first choice, the stablecoins are centralized not so different than Bank, except the transaction speed, other risk and issue of Bank is persist in the stablecoins.

[JeffBrad12]

You still ignored the fact that USDT is private owned and there's always chance of failure, bank still needed because not all people want to risk their money in a private owned asset that could be gone within a blink of an eye, always remember stablecoin also has its share of nasty history of losing its peg within few hours and people losing billions and yes I'm talking about LUNA's famous incident where the UST literally lost its peg.

bank is heavily regulated and also sometime have reimbursement for any incident that's happening, good for people who don't like to risk their money.

so, both are still needed.

[Argoo]

USDT stablecoin is a private currency, although it is 80 percent backed by dollars.

First of all, it's hard to know why you bumped this inactive thread.

About USDT (Tether stable coin), it is not a private currency. USDT is deployed on many public blockchains, Bitcoin on OMNI layer, Ethereum on ERC-20 chain, then BSC, TRC20 and some other altcoin blockchains. All these blockchains are not private like Monero.

USDT is still a private currency. Anything that is owned can be private, of a certain society, which is a type of private and public. In this case, USDT is the property of individuals, that is, all the same private property. And where there is private property, the risks increase compared to public property.

But let's hope that everything will be fine with USDT and nothing bad will happen to it for a long time. I myself use mainly USDT from stable coins