Do You trust Tether (USDT) Stablecoin?

[kevinzxz]

for now yes, because in my opinion USDT is still a stable coin that is safe to use compared to other stable coin, because the market cap and trading volume of USDT is still very high compared to other stable coin and USDT is also in the top 10 on coinmarketcap, so that proves if there are still many people who use USDT and of course that's what makes me still believe in using USDT at this time.

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[Japinat]

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.

The fact that many crypto exchange uses USDT was one of the major reason why I also use it though I mainly used it for transaction purposes because my broker adopted it for swift transactions, however I can't hodl my major assets in USDT I would rather store my asset in Bitcoin to avoid unnecessary touching story with regards to the credibility and trustworthy of USDT and nothing is certain among stable coins except the major cryptocurrencies whose credibility is guaranteed and well tasted and confirmed though this is my personal opinion.

generally i guess it's good to store money in USDT only temporarily because the rumours circulating around this stablecoin, I guess bank is just still safer option nowadays to save money,
since even if they went bankrupt there is chance they can still recover back since they got help from government.

There is still no guaranteed even if we say that these banks are backed by the government, if I remember it correctly, there is already a case about that same scenario where the bank did not recover even if they are supposed to get some help. Some are purposely doing it and will just establish another bank with the same affiliates, I don't know why but maybe they are just trying to avoid something including the people's money who trusted their bank.

Anyway, back to the topic, staking or storing in USDT and other stable coins are good but just like what everybody is saying, it is not really advisable to do it long term as you might be in a situation where you didn't imagine in the first place.

[Abiky]

If Tether (USDT) is considered the pioneer stablecoin and as long as it's SEC-free and legit, I'm still sticking with it. Yes. Stablecoins play an important role in protecting wealth from market fluctuations, and Tether allows easy liquidation if it wants to lose its peg to the USD.

I wouldn't say it's "SEC-free". Gary Gensler will soon target stablecoins claiming they are unregistered securities. What will only survive is BTC and similar coins with a PoW model. If USDT wants to stay in business, it's going to need to comply with regulations no matter the cost. Otherwise, it'll be game over for good.

Despite the regulatory turmoil facing the United States, stablecoins have potential to change the crypto industry for the better. They're useful "tools" for those who want the best of both worlds (Fiat and crypto). You'll get the stability of the USD, and the security + cost-efficiency of crypto/Blockchain tech. Tether (USDT) is the pioneer of the stablecoin industry, so it has a high chance of winning in the long run. Who knows if it ends up being the only stablecoin in existence while the rest fade away into oblivion? Just my opinion

[deepblue01]

If Tether (USDT) is considered the pioneer stablecoin and as long as it's SEC-free and legit, I'm still sticking with it. Yes. Stablecoins play an important role in protecting wealth from market fluctuations, and Tether allows easy liquidation if it wants to lose its peg to the USD.

I wouldn't say it's "SEC-free". Gary Gensler will soon target stablecoins claiming they are unregistered securities. What will only survive is BTC and similar coins with a PoW model. If USDT wants to stay in business, it's going to need to comply with regulations no matter the cost. Otherwise, it'll be game over for good.

Despite the regulatory turmoil facing the United States, stablecoins have potential to change the crypto industry for the better. They're useful "tools" for those who want the best of both worlds (Fiat and crypto). You'll get the stability of the USD, and the security + cost-efficiency of crypto/Blockchain tech. Tether (USDT) is the pioneer of the stablecoin industry, so it has a high chance of winning in the long run. Who knows if it ends up being the only stablecoin in existence while the rest fade away into oblivion? Just my opinion

yes, stablecoins must be included in the securities because they said they pegged with US Dollar. i do think that they are playing cat&mouse game right now.
I am just scared about tether because the current circulating supply is rising so big right now

[Iyeman]

for now yes, because in my opinion USDT is still a stable coin that is safe to use compared to other stable coin, because the market cap and trading volume of USDT is still very high compared to other stable coin and USDT is also in the top 10 on coinmarketcap, so that proves if there are still many people who use USDT and of course that's what makes me still believe in using USDT at this time.

So far, USDT rarely has a problem compared with another stable token. I don't know why people are still feeling doubt with USDT. it has proven if USDT has become the most reliable stable token. No reason to call it as a scam or something else.
People talked about reserved too much but it's still mostly used by crypto users.

[JeffBrad12]

Tether is one of the most widely used stablecoins in the cryptocurrency market and is designed to maintain a 1:1 peg with the US dollar. It has been subject to scrutiny and controversy in the past regarding its transparency and claims of insufficient backing reserves. It's important for individuals and investors to conduct their own research and due diligence when considering the use or trustworthiness of any stablecoin or cryptocurrency.

the tether themselves has disclosed their accredited reserve, i think if someone really try to conduct a research on this stablecoin, they'd just found out that the reserve always matching.
but honestly,there are some other things that makes bad rumours revolves around this stablecoin, even though having insufficient reserve is definitely one of them, but none could really prove that to be true.
in the meantime I guess using USDT is fine, so long we are not holding it for too long term like for years, that way we didn't get affected if something to occur.
after all the fact that it has massive liquidity also means that even if the coin turns out to be collapsing you still have some time to liquidate your assets, that though only if you keep updated.

[IvugeoEvolutionCoin]

for now yes, because in my opinion USDT is still a stable coin that is safe to use compared to other stable coin, because the market cap and trading volume of USDT is still very high compared to other stable coin and USDT is also in the top 10 on coinmarketcap, so that proves if there are still many people who use USDT and of course that's what makes me still believe in using USDT at this time.

So far, USDT rarely has a problem compared with another stable token. I don't know why people are still feeling doubt with USDT. it has proven if USDT has become the most reliable stable token. No reason to call it as a scam or something else.
People talked about reserved too much but it's still mostly used by crypto users.

I use USDT most of the time. But I don't know USDT is very popular that's why I like to keep my money in USDT. But I will never lose and gain money in USDT. But if any transaction through USDT is free like 1$  Pay per transaction. I like USDT so much that I use USDT most of the time.

[Desscount]

for now yes, because in my opinion USDT is still a stable coin that is safe to use compared to other stable coin, because the market cap and trading volume of USDT is still very high compared to other stable coin and USDT is also in the top 10 on coinmarketcap, so that proves if there are still many people who use USDT and of course that's what makes me still believe in using USDT at this time.

So far, USDT rarely has a problem compared with another stable token. I don't know why people are still feeling doubt with USDT. it has proven if USDT has become the most reliable stable token. No reason to call it as a scam or something else.
People talked about reserved too much but it's still mostly used by crypto users.

I use USDT most of the time. But I don't know USDT is very popular that's why I like to keep my money in USDT. But I will never lose and gain money in USDT. But if any transaction through USDT is free like 1$  Pay per transaction. I like USDT so much that I use USDT most of the time.

for now there is no doubt about Tether USDT because USDT is still used by all users, communities and even whales,
and most importantly there is no bad news about Tether so it doesn't matter if at this point I trust USDT 100%.

[mich]

Well the crypto markets has been losing its profits for a short time. But this does not stop Tether from printing another $1 Billion of the stablcoin USDT.

I think this deploying of more money into the crypto market is a 'bullish' sign. https://whale-alert.io/transaction/ethereum/0xf9a83f786987ececb9b5912b0e59b27715bf937603acd09a39c4c53d83926cb7

[deepblue01]

Tether is one of the most widely used stablecoins in the cryptocurrency market and is designed to maintain a 1:1 peg with the US dollar. It has been subject to scrutiny and controversy in the past regarding its transparency and claims of insufficient backing reserves. It's important for individuals and investors to conduct their own research and due diligence when considering the use or trustworthiness of any stablecoin or cryptocurrency.

the tether themselves has disclosed their accredited reserve, i think if someone really try to conduct a research on this stablecoin, they'd just found out that the reserve always matching.
but honestly,there are some other things that makes bad rumours revolves around this stablecoin, even though having insufficient reserve is definitely one of them, but none could really prove that to be true.
in the meantime I guess using USDT is fine, so long we are not holding it for too long term like for years, that way we didn't get affected if something to occur.
after all the fact that it has massive liquidity also means that even if the coin turns out to be collapsing you still have some time to liquidate your assets, that though only if you keep updated.

most of liquidity comes from trading who seek different price around crypto exchange. it's not like a bank who provide liquidity in stock exchange.
if there is no evidence that stablecoin reserves equal the circulating supply so there is no evidence that they can back up all USDT at this time.
their own liquidity maybe some stock exchange, USD , some bussiness like hotel, or maybe bank deposits around the world. what if the world economy collapse, Then USDT will be in the same fate.

Well the crypto markets has been losing its profits for a short time. But this does not stop Tether from printing another $1 Billion of the stablcoin USDT.

I think this deploying of more money into the crypto market is a 'bullish' sign. https://whale-alert.io/transaction/ethereum/0xf9a83f786987ececb9b5912b0e59b27715bf937603acd09a39c4c53d83926cb7

i wish i have that token. which bussiness they have to print 1 billion stablecoin.
or they want to shut people mouth. tether is not a bank, but i think they treat their coin just like a bank did

[glendall]

I use usdt, busd, and usdc according to what exchange I use but I mostly use BUSD because as we know bsc is a network that has shipping costs that are still friendly to its users and is widely used by today's users.
for storage, I never save in stablecoin, but I'm more comfortable saving in fiat

[kevindjunaidi]

until now I still believe and use Tether (USDT), because in my opinion Tether (USDT) is a decent stablecoin for me to use, this is evident from the very high volume of Tether (USDT) and Tether (USDT) is also ranked 3rd, so of course that's what makes me confident and believe to using Tether (USDT) until recently.

[Venik]

I trust it enough to use it, not to hold it. But who's holding stablecoins anyway, right?

[Rupok]

Many people spread rumors without thinking much about cryptocurrency, those who spread rumors about Tether USDT do not know that they have a long history in cryptocurrency and have been in the market for a long time. I believe Tether USDT is a very reliable stable currency. If someone wants to keep his currency stable then I would say Tether USDT is one of the best options. But storing all your capital in USDT will not be safe. Also you can use BUSD.I have been using USD for a long time and from my experience I have not noticed any anomalies where there is a chance of a scam.But if anyone has any doubts about this, you can keep your capital converted into various trusted currencies as a decentralization.

[Lantind]

until now I still believe and use Tether (USDT), because in my opinion Tether (USDT) is a decent stablecoin for me to use, this is evident from the very high volume of Tether (USDT) and Tether (USDT) is also ranked 3rd, so of course that's what makes me confident and believe to using Tether (USDT) until recently.

So far, I personally still use Usdt and so far it's still very safe, although sometimes prices often change from time to time and I think this is reasonable and doesn't really make us feel like we're going to leave it, because until now we often use Usdt for transactions. daily needs. we can still trust Tether ( USDT ) for now.

[TheSpiral]

until now I still believe and use Tether (USDT), because in my opinion Tether (USDT) is a decent stablecoin for me to use, this is evident from the very high volume of Tether (USDT) and Tether (USDT) is also ranked 3rd, so of course that's what makes me confident and believe to using Tether (USDT) until recently.

Tether usdt is most used trading pair in all exchanges and if i am nit wrong tether is no 1 ranking in term of stable coins. Usdt is not back up by any coin and if any kind of bad situation happened then this could lead to massive dump in crypto. despite of all these community still believe in usdt and they are not hesitating to hold large number of usdt. i personally love usdt because most of tokens pair has only usdt and i can easily trade in any exchange.

[mdzahed134]

until now I still believe and use Tether (USDT), because in my opinion Tether (USDT) is a decent stablecoin for me to use, this is evident from the very high volume of Tether (USDT) and Tether (USDT) is also ranked 3rd, so of course that's what makes me confident and believe to using Tether (USDT) until recently.

So far, I personally still use Usdt and so far it's still very safe, although sometimes prices often change from time to time and I think this is reasonable and doesn't really make us feel like we're going to leave it, because until now we often use Usdt for transactions. daily needs. we can still trust Tether ( USDT ) for now.

Without USDT we can't imagine trading specially it’s daily needed for the traders. But a lot of rumours about USDT as like it can be collapse anytime. Whatever i think it’s most using stable coin in the market, so it’s quite popular. I'm using Tether USDT in tron network for cheap transaction fees. I trust it for daily uses but will never hold for long time in my wallet.

[Bolivar_Tony]

Tether has been a controversial stablecoin in the crypto world. While it has gained widespread adoption, concerns about transparency and market manipulation have been raised. Other credible stablecoin options include USDC, Dai, and TUSD. It's important to research and make informed decisions when investing in stablecoins.

[Psynthax]

im afraid if i don't trust this stablecoin i'd have no way of going against the fluctuation keeping my assets from being disrupted
by the massive volatility that the market has.
usdt is the longest standing stablecoin there is and I don't think it's gonna go anywhere.

[o48o]

I use usdt, busd, and usdc according to what exchange I use but I mostly use BUSD because as we know bsc is a network that has shipping costs that are still friendly to its users and is widely used by today's users.
for storage, I never save in stablecoin, but I'm more comfortable saving in fiat

Shipping costs? Are you referring to transaction fees? You are aware that bsc network can move other stable coins as well that are also dirt cheap to use?

Also i don't think many of us are using erc20, for moving small amounts of usdt anyway. Not only it's supported by bsc, you have move it via Arbitrum, Solana, Optimism, Tron, and even Bitcoin.

I am keeping mine in stablecoin if i want to reduce volatility. If i store something in fiat, i feel like i am completely out of the game.