Do You trust Tether (USDT) Stablecoin?

[andyou1234]

Yes, of course I believe in USDT teter because its value is the same as the American dollar, and currently many Americans are using USDT as a business field, but what I worry about is that America will misuse USDT's popularity. so that USDT will later be isolated, which can affect its price stability in the crypto market,

[Abiky]

Tether has now frozen 41 wallets that is tied to sanctions. It is a effort to strengthen its security measures.
The wallets are people on the list of Office of Foreign Assets Control. I think this is a good thing for Tether to so letting people know they can not do illegal things with the stablecoin.
https://markets.businessinsider.com/news/currencies/tether-freezes-41-crypto-wallets-tied-to-sanctions-1032887403

Tether's measures are good for tackling criminal activities on the Blockchain. But what if it decides to target individuals' stablecoin holdings at the request of the US government? Then it would make Tether no different than traditional banks. You can never trust a centralized coin subject to manipulation and corruption. For complete peace of mind, convert your crypto to a decentralized stablecoin such as DAI or USDJ.

Who needs a coin tied to existing Fiat currencies anyways? Isn't the whole point of crypto self-sovereignity and financial freedom? By using a stablecoin like Tether, you become a "slave" of the banking system. I'd prefer to use a truly-decentralized cryptocurrency like Bitcoin, even though its price fluctuates in Fiat terms (volatility). You'd need to choose between freedom or slavery. With Fiat currencies on the brink of collapse, Tether and similar stablecoins have their days numbered. Who knows if they're eventually replaced by CBDCs? Just my thoughts

[Belarge]

Yes, of course I believe in USDT teter because its value is the same as the American dollar, and currently many Americans are using USDT as a business field, but what I worry about is that America will misuse USDT's popularity. so that USDT will later be isolated, which can affect its price stability in the crypto market,

Who doesn't know about the popular Tether USDT stablecoin in the market? Except for the newbies who also keen on knowing stablecoins first before exploring any other options of advancing to next building phase. The popularity of the market depends on the tokens more especially the pumping ones mostly referred to as memecoins and they've changed the life's of investors. USDT is a stable coin right from time and have been for decades, I see no need for the stable coin to fluctuate in value, afterall numerous crypto exchanges have place stability on the token worldwide.

[mich]

Well yes I do trust still usdt for my favorite stablecoin. It has biggest marketcap and Tether also does own alot of Bitcoins.
They have 66,465 Bitcoin that is worth about $2.8 Billion. And they will use its profits to buy even more Bitcoins.
https://cryptorank.io/news/feed/17e91-tether-now-holds-2-8-billion-worth-of-bitcoin

[arjunmujay]

Well yes I do trust still usdt for my favorite stablecoin. It has biggest marketcap and Tether also does own alot of Bitcoins.
They have 66,465 Bitcoin that is worth about $2.8 Billion. And they will use its profits to buy even more Bitcoins.
https://cryptorank.io/news/feed/17e91-tether-now-holds-2-8-billion-worth-of-bitcoin

true and now even crypto investors prefer tether for their transactions. not using Fiat USD anymore. and if you look at the exchange rate, it is also balanced with fiat. so yes, it must be trusted if this tether becomes a stable coin in the cryptocurrency world.
That's also why so many people hold tether and make it the mainstream in investing or trading in the market.

[GreenStox]

Yes, I believe in USDT, even though there are so many rumors that say USDT doesn't have a real dollar backup and say USDT is controlled by terrorists and the like, but because the stable coin is the earliest and most widely used, USDT still exists today.

[MIner1448]

Well, if we take into account all the stemcoins, then I trust USDT the most, I don’t know why, but most likely this is some kind of psychological aspect, probably because this is my first stemcoin in my wallet. But although I understand that it may also not be stable like all stemcoins.

[Samlucky O]

I'm in crypo world since 2021 only and since then I've noticed a lot of folks talking about Tether as being a potentional scam that may crash the markets one day and I've watched videos from crypto detectives/scam busters such as Coffeezilla and he makes some pretty fair points about Tether being the cryptos biggest scam.

I wanna personally know from people who have been in crypto for little longer than I have and maybe know a few things more or could share their personal view on Tether.

My side question to this would also be: Which type of stablecoin do You find the most credible in the Crypto space?

Thanks in advance for more experienced folks for sharing their insight!

Though I am not a crypto expert or haven't been long in crypto currency, but I have strong believe that usdt is a reliable stable coin. USDT has come a long way to disappoint people in future. There is nothing that has advantage and also don't have a disadvantages. There is no coin that doesn't have there lapses but putting it out to USDT makes it looks like it's only USDT is the bad one here. If usdt was not so trusted then why has it been the most used stable coin for transaction across the globe. And used as a medium of binance P2P currency for exchange. I see all those things as a speculation and nothing more.

[xeqoRameshAxueamExaqana]

USDT is currently the most trusted stable coin. after BUSD was hit by a case with the government and legality in the USA. because those who make BUSD companies in America. so once hit, it's finished.
crypto companies should not need to be established in the USA because America is always in trouble. xrp example from the start of the establishment until now there is no resolution of the problem with the financial authorities in the USA

[God bless u]

Yes, I believe in USDT, even though there are so many rumors that say USDT doesn't have a real dollar backup and say USDT is controlled by terrorists and the like, but because the stable coin is the earliest and most widely used, USDT still exists today.

The main reason why no coin in crypto can be called stable is that in front of our eyes there was a USTC coin that rose to the ground in seconds and people are so scared of it. Because a lot of people had lost, but no exchange took responsibility for it, because the exchange is often hacked, then no one takes responsibility because crypto is something that people keep trying to hack it, but the more people use it.
It's better to use safe wallet for any currency in crypto

[Bureau]

USDT is currently the most trusted stable coin. after BUSD was hit by a case with the government and legality in the USA. because those who make BUSD companies in America. so once hit, it's finished.
crypto companies should not need to be established in the USA because America is always in trouble. xrp example from the start of the establishment until now there is no resolution of the problem with the financial authorities in the USA

I still do not understand why it is still one of the most trusted, stablecoins. When it is known to have been the first cryptocurrency that can be frozen and is fully centralized. It is a copy of the USD against which cryptocurrencies were created, but it is still one of the most sought-after coins. If you check its market cap then it is ranked third on the ranking table after Ethereum. Its purpose was to provide stability to traders in a volatile market whereas now it is being used for everything.

[Y3shot]

Yes, I believe in USDT, even though there are so many rumors that say USDT doesn't have a real dollar backup and say USDT is controlled by terrorists and the like, but because the stable coin is the earliest and most widely used, USDT still exists today.

And the interesting is that the usdt is the most used stable coin,  all through I have been dealing with the stable coins, I have  always go for the usdt because I think it is a well known and most used stable coin,  that makes me to have more interest for it than any other stablecoin. Usdt being the largest capitalization in the market will be consider to be used by investors and traders than other stablecoin.

[MFahad]

Tether is Good as long as you don't use it for anything wrong. A lot of people might not know that. but Tether can freeze USDT in any wallet they want. that is a kind of thing I don't like.  but so far it was only used to stop hackers, and it actually helped a lot of times. a lot of hacked funds were frozen by tether like that.

Well I am wondering why this is going to happen. The country of Russia now will use it for cross boarder payments.

The payment platform is called Exved also does support the ruble and US dollars. And it will allow Russian businesses to do international transactions using tether.   

https://www.cryptotimes.io/russia-integrates-tether-for-cross-border-payments/

So what is wrong in this? If United states and whole world bycott russia frome verywhere then russia had to take a step like that to protetc it's economy and businesss. I am not a supporter of everything Russia doing with Ukraine, But they had to go somewhere to solve their proble so they chose to solve that like this.
I think it is a good move for USDT and Cryptocurrency in generally. it'll grow mass adoption of Cryptocurrency by a lot.

[JayTrain]

There are indeed many questions regarding this stablecoin, with the primary concern being the issuance of new coins in massive quantities, especially concerning their backing. I am not confident that all USDT stablecoins are backed by actual dollars, which raises certain doubts. However, on the other hand, USDT has been on the market for a long time, and I don't see many alternatives. Essentially, all cryptocurrencies come with risks. We can discuss what's good and what's bad, but many people still use this stablecoin.

[Ben Barubal]

    In the day trading I do now, I always use the usdt pair from Bitcoin and even other potential altcoins on the exchange platforms where I do trading activity. Even in the transfer of crypto usdt to our currency this is also used.

   So it means that this is a huge contribution and help to me to be honest, it also means that most of the communities here usdt reaches the majority of crypto enthusiasts to help them not only in profit but also in transactions.

[Abiky]

Yes, I believe in USDT, even though there are so many rumors that say USDT doesn't have a real dollar backup and say USDT is controlled by terrorists and the like, but because the stable coin is the earliest and most widely used, USDT still exists today.

The thing is Tether is working with US law enforcement agencies (FBI, DOJ) to deter criminal activity. It's a good sign that the stablecoin won't be going anywhere soon. The more Tether works with regulators, the better. What troubles me is Tether's malpractice of printing more USDT like there's no tomorrow. If it's able to back the stablecoin with real USD reserves, there should be nothing to worry about.

Be aware that a USDT collapse would be completely disastrous for the crypto market. After all, lots of cryptocurrencies are tied to USDT's liquidity. The downfall will be severe, albeit temporary as the market will recover at a slow and steady pace. We can't predict the future, so lets hope for the best.

[ItsCrafty]

About Tether USDTRC20 I heard from many people whether it is trusted or not so according to me it is trusted project and it is very beneficial many people are doing it very well. It gives benefits to save your fund, to keep your fund stable and also to transfer from one place to another, it works very easily and very well and at a very low fee, so according to me, it is an excellent project. The rest is if anyone has any doubts, then  keeping your fund another stablecoin

[electronicash]

Yes, I believe in USDT, even though there are so many rumors that say USDT doesn't have a real dollar backup and say USDT is controlled by terrorists and the like, but because the stable coin is the earliest and most widely used, USDT still exists today.

The thing is Tether is working with US law enforcement agencies (FBI, DOJ) to deter criminal activity. It's a good sign that the stablecoin won't be going anywhere soon. The more Tether works with regulators, the better. What troubles me is Tether's malpractice of printing more USDT like there's no tomorrow. If it's able to back the stablecoin with real USD reserves, there should be nothing to worry about.

Be aware that a USDT collapse would be completely disastrous for the crypto market. After all, lots of cryptocurrencies are tied to USDT's liquidity. The downfall will be severe, albeit temporary as the market will recover at a slow and steady pace. We can't predict the future, so lets hope for the best.

and some say in the political scene that this USDT is going to extend the US hegemony for another 100 years if it continues. this is despite without backing.

but true also once the real fiat money USD will collapse because of the QE since it has been in the news many times when i listen to financial guys like Ray Dalio and Peter Schiff, they are looking at the possibility and only time can tell when.

[Makus]

It has always been advised that you don't put too much into stable coins, since they are pegged with traditional currency, inflation might hit one day. Beside stable coins are less volatile so why would someone invest in a coin that can even stay for a month without any increase or decrease in price. But USDT has not shown any characteristics of a scam project and it is doing well till today. What I admire of stable coins is there fast transaction rate. They can be used as intermediaries from your bank to the coin you intend investing on.

[EarnOnVictor]

Yes, of course I believe in USDT teter because its value is the same as the American dollar, and currently many Americans are using USDT as a business field, but what I worry about is that America will misuse USDT's popularity. so that USDT will later be isolated, which can affect its price stability in the crypto market,

We actually have our choices to make as far as cryptocurrency is concerned, nevertheless, we should be more thoughtful and not be so judgemental based on the recent happening, or else, it might cloud our reasoning. We should think deeper and be insightful about it to not only trust our coins but also safeguard our assets and interest in them from unforeseen by many things that could happen.

Fine, it is a pro that the USDT is not only pegged to the USD but also backed by the same, yet do not forget that manipulations can occur. As a matter of fact, they've manipulated this before, but I only hope that it doesn't be like that of the Terra case where their supposed stablecoin became worthless and people lost their money and have been unable to get it back till today. That is disappointing, and as we are not expecting our lovely Tether which happens to be the number stablecoin in the crypto world, we should at times be thinking towards that since nothing is impossible as far as cryptocurrency is concerned. Also, this is a centralised coin, your asset can be well monitored and controlled.

Now tell me again, do you still trust Tether that much?