Do You trust Tether (USDT) Stablecoin?

[lobo13hf]

stablecoin that are reputed like USDT i could see hardly gonna fail, they aren't just gonna suddenly vanish it's no different with usdt, it has been number 1 stablecoin since long ago.
therefore i'd say i trust stablecoin to some length.

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[deepblue01]

I don’t trust any stablecoin anymore.
UST failed, USDT is shady, USDC de-pegged because of its vulnerability to banks, BUSD is being attacked by regulators, DAI is backed by other stablecoins.

it's messy right. i think each stable coin fighting among themself to get profit and they are the one who fully backed by USD.
I think history will repeat it self
what if tether leave fiat money?I know this speculation from the long term and I believe it will happen sooner or later

[southerngentuk]

Their existence to this day has affirmed their important position in the electronic convenience market. Tether has made the market so much bigger. It is true that there is still a lot of confusion with them, but the fact that people continue to use them proves their trust, and this coin does a big thing that many coins cannot do. So there is no reason not to trust it and use it in trading. In addition, it is not necessary to use USD; it is still USD or other currencies in the generation system. So diversity is not dependent on a certain currency because capital is used for the sake of balance.

[bayudndy]

Of course I believe in tether; I've been using it ever since I got into this market and have traded around with it many times on various blockchains. That's great that it meets my needs and doesn't disappoint when I use it. Around USDT, there are still other currencies like USDC or BUSD, but USDT is still something more prominent. Also, many people prefer to use USDT for p2p exchange.

[Ahli38]

Of course I believe in tether; I've been using it ever since I got into this market and have traded around with it many times on various blockchains. That's great that it meets my needs and doesn't disappoint when I use it. Around USDT, there are still other currencies like USDC or BUSD, but USDT is still something more prominent. Also, many people prefer to use USDT for p2p exchange.

In the last year I trust BUSD more. But after a piece of fud news about Paxos circulated, I left BUSD and switched to USDT. Yes, because this stablecoin is the only stablecoin that still looks strong today.

But even though I currently use Usdt, that doesn't mean I fully trust Usdt. It's just that the best choice for now is Usdt. And I also read about Usdt that will continue to accumulate BTC for their reserve assets. I forgot to put the news link where. maybe I'll link to it when I find it. but basically I think the news is a positive thing for Usdt.

[bittick]

if this stablecoin with humongous market capitalization that has been quite literally become the pioneer of stablecoin can't be trusted, then i wonder which stablecoin can be trusted.
i'd say i will just trust it until some strange things happening like the money supposed to be reserved isn't equal with circulating supplies.

[poodle63]

some people were distrusting this one but i have been trusting this since a few years ago. Im actively using USDT to transfer in the daily basis and yeah nothing happened with it. What's the problem then?

I see no reason for people not to use this stable coin. USDT is as good as another regulated stable coin. Even though the haters will always there and USDT will still exist.

[JeffBrad12]

I personally don't trust in stablecoin (including USDT), because stablecoin also have risks (the price can crash like UST) and of course that can also happen to USDT (although the probability is very small), but still USDT have risks, therefore I never use stablecoin and always save my money in Bitcoin, because Bitcoin and stablecoin both have risks, but at least Bitcoin can give me profit and stablecoin can't give me profit.

well there's certainly some edge where you will definitely need to make some preservation in your wealth and that's when stablecoin come in handy, even though you don't trust stablecoin in general.
just using it temporarily for preserving the value of your investment will only bring benefits and eliminate disadvantages.
after all you only gonna convert it again at the end of the day, it only become a mess only if you decide to just keep your USDT for a whole year or more then there's risk that something obscure might be happening to your investment.
but generally if it's only for temporary means of saving wealth from the volatility, it's gonna be fine.

[sunsilk]

some people were distrusting this one but i have been trusting this since a few years ago. Im actively using USDT to transfer in the daily basis and yeah nothing happened with it. What's the problem then?

Those controversies where Tether has been involved, those issues can't be avoided when their treasury hasn't been clear if they've got enough reserve funds. That's where people and the regulators were worried about.

But when things are starting to get clear and it's likely been verified with the funds that they've got for backing it up as pegged in USD. Things are changing.

I see no reason for people not to use this stable coin. USDT is as good as another regulated stable coin. Even though the haters will always there and USDT will still exist.

For traders, investors and holders.

This is actually ideal for those that have got funds ready to retain their value. The conversion of their assets into Tether makes them secured from any volatility and that's what this stable coin is all about.

[BitcoinTurk]

Although it is one of the most popular and well-established projects in the cryptocurrency markets at the moment, I do not trust USDT too much. It is a stable cryptocurrency that has partially proven itself even though USDT has been mentioned in quite complex events from the beginning until now. Especially the fact that serious sensational statements have been made about its reserves since the first day, company assets have been added to the reserves and the reserve provision has not been presented clearly are among the events that have shaken my confidence in this stable cryptocurrency. Also, regardless of the bull or bear season, the constant printing of USDT at times when the Bitcoin price rises causes my confidence in the project to be shaken.
As a result, it is a stable cryptocurrency that I use to protect my profits and portfolio in short-mid term periods, but I do not prefer to use it much for the long-term periods.

[www.Gambler.Casino]

I trust USDT the most, but of course there are risks. If you don't use a stablecoin, how can you trade on the stock exchange?
I remember how bloggers advised using USDC, it didn't look professional

[deepblue01]

Of course I believe in tether; I've been using it ever since I got into this market and have traded around with it many times on various blockchains. That's great that it meets my needs and doesn't disappoint when I use it. Around USDT, there are still other currencies like USDC or BUSD, but USDT is still something more prominent. Also, many people prefer to use USDT for p2p exchange.

In the last year I trust BUSD more. But after a piece of fud news about Paxos circulated, I left BUSD and switched to USDT. Yes, because this stablecoin is the only stablecoin that still looks strong today.

But even though I currently use Usdt, that doesn't mean I fully trust Usdt. It's just that the best choice for now is Usdt. And I also read about Usdt that will continue to accumulate BTC for their reserve assets. I forgot to put the news link where. maybe I'll link to it when I find it. but basically I think the news is a positive thing for Usdt.

That's good news, because they will earn money when bitcoin go to the moon but otherwise they will in ruin when they cannot pay back.
can you see this long position. That's proof they just bought bitcoin

[JayTrain]

As a relatively new participant in the crypto world, I've been hearing discussions about Tether and its potential impact on the market. Some have raised concerns about Tether being a scam that could crash the crypto market. I'm interested in hearing from more experienced individuals about their personal views on Tether and which stablecoin they find most credible in the crypto space.

[Lagduf]

As a relatively new participant in the crypto world, I've been hearing discussions about Tether and its potential impact on the market. Some have raised concerns about Tether being a scam that could crash the crypto market. I'm interested in hearing from more experienced individuals about their personal views on Tether and which stablecoin they find most credible in the crypto space.

Anyone who hate it will alway call that as a scam while tether is still trusted by so many people in the cryptocurrency. it's credibility was even better compared with the stable token that being issued by circle foundation.
I have been using it since it was released to the crypto market and nothing happen. The ban function has been only used to ban suspicious activity

[GelatikKembar]

yeah, there's no need to talk about it anymore because the credibility and trust in USDT is really very big,
it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.

[deepblue01]

yeah, there's no need to talk about it anymore because the credibility and trust in USDT is really very big,
it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.

Wow i don't think it's scam but it's not save.
i think history will repeat it self, USDT marketcap is so big right now, but it wont be 100% fully backed.
i mean do you know gold standart is? it will be like that

[mich]

Tether will mine Bitcoin using renewable energy in the country of Uruguay. This is after last month saying it will invest portion of its profits in Bitcoin.

It is for reasons like that I trust this stablecoin. It has new ideas and giving back to Bitcoin.  https://finance.yahoo.com/news/tether-start-mining-bitcoin-uruguay-024131625.html

[fzkto]

Tether will mine Bitcoin using renewable energy in the country of Uruguay. This is after last month saying it will invest portion of its profits in Bitcoin.

It is for reasons like that I trust this stablecoin. It has new ideas and giving back to Bitcoin.  https://finance.yahoo.com/news/tether-start-mining-bitcoin-uruguay-024131625.html

I guess Tether understands the perspective of bitcoin, which is why they invest in bitcoin and even decided to go into mining. That means they are doing well in business and can really be trusted. But it still doesn't mean they can't have problems with the US government because usdt is a surrogate dollar.

[kesmex]

Tether will mine Bitcoin using renewable energy in the country of Uruguay. This is after last month saying it will invest portion of its profits in Bitcoin.

It is for reasons like that I trust this stablecoin. It has new ideas and giving back to Bitcoin.  https://finance.yahoo.com/news/tether-start-mining-bitcoin-uruguay-024131625.html

I guess Tether understands the perspective of bitcoin, which is why they invest in bitcoin and even decided to go into mining. That means they are doing well in business and can really be trusted. But it still doesn't mean they can't have problems with the US government because usdt is a surrogate dollar.

that's the problem because in the US we know how strict the rules regarding crypto currency are,
moreover USDT was in the US a lot of FUD a few years ago but USDT was able to answer emphatically that they were fine in terms of reserves,
so I think we can trust USDT for now.

[yhiaali3]

Only at the moment, but in the long run, nothing is guaranteed, especially in light of the ongoing campaign by the US government on cryptocurrencies in general and stablecoins in particular.

Also, buying large amounts of Bitcoin by Tether can be a double-edged sword. Good in terms of diversifying reserves, but negative in terms of that it can have an indication of fear of something.