Do You trust Tether (USDT) Stablecoin?

[Nikita2024]

Tether is the most popular stablecoin with the highest liqiudity for stablecons. Many people use it and they have to trust it.

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[Dr.Osh]

It has a long history of transparency and trustworthiness. If you’re asking me, would I leave my net worth in it for a significant amount of time then the answer is no. But would I sit between crypto & fiat trades, waiting for an opportunity to buy back cheaper then yes. I think it’s fine as a type of middleman, kept on an exchange short term. Like anything though, do your research and not your keys, not your coins.

well, USDT is the stable coin with the most volume, so I also feel it is the safest stable coin, even though there is a lot of negative news about USDT. However, I also implemented the same thing. I will not hold my money for a long period of time in USDT, however, I still use it for the short term, because I feel that it is the best to use.

[BD Technical]

I have been connected with Cryptocurrency for almost three years. Since then I have depended on Stable Coin USDT because I do all Token swap and sell directly to Binance.  Moreover, I think everyone makes this USDT because the price of USDT and parents have no reason to fear.  Because it's a dollar and it's reliable, everyone makes it for him.  And moreover it does not fluctuate in price like ETH, BNB, BTC.  At one place there is a maximum of less than two cents.  And moreover for all one reason we all depend on it to make our money rise but its rise is very less and fear is very less found to depend on it.

[Fatema Begum]

Yes still now i believe USDT coin for trading and holding.

[EarnOnVictor]

Tether is the most popular stablecoin with the highest liqiudity for stablecons. Many people use it and they have to trust it.

These are merely good points about the USDT, but as good as it is, do you think you can entirely trust it? Well, it is what I use with my exchanges as we all know that many top exchanges do not allow the USD in many of their transactions, so I never had the chance. Had it been I have the choice, I would not use USDT, I would only be converting my cryptos to USD back and forth for safer reasons.

As we all know, the USDT is being claimed to be pegged with the USD but in reality, it is not so, the value is not always $1=1USDT unless we are deceiving ourselves. And there was a time that the value shited significantly and they were just apologizing and citing reasons. But this cannot make me trust it totally. Though it is good and has proven itself to be somewhat safer, still, no one knows the worst that will happen tomorrow.

This is even as it is not decentralized, anything can happen due to this.

[Abiky]

It has a long history of transparency and trustworthiness. If you’re asking me, would I leave my net worth in it for a significant amount of time then the answer is no. But would I sit between crypto & fiat trades, waiting for an opportunity to buy back cheaper then yes. I think it’s fine as a type of middleman, kept on an exchange short term. Like anything though, do your research and not your keys, not your coins.

Do you have proof of Tether's "transparency and trustworthiness"? Because Tether has been rather ambiguos in its proof of reserves. Even JP Morgan stated Tether's "lack of regulatory compliance". It's been shady from the start. Just because it's the largest stablecoin by market cap, doesn't mean we should trust it blindly with our money. You should only use USDT for short-term trades when you want to protect yourself from market volatility.

For cashing out your crypto, nothing beats good-old Fiat (in this case, the US Dollar). It won't be long before USDT collapses. The crypto market is unpredictable, so expect the unexpected.

[Nikita2024]

Tether continue to be the most popular stablecoin with the most developed ecosystem and a lot of users.

[fapar]

Yes still now i believe USDT coin for trading and holding.

Until the moment when your USDT is blocked by Tether. This only happens in exceptional cases, but the chance is always greater than zero. Of course, USDT is convenient and I use it myself, but storing your money in it has a risk. I am looking towards using USDC, but I also have questions about it.

[mich]

I do think tether is still most trustful stablecoin.  It has the plan to invest $25 Million in the mobile payment platform called Oobit.

I like think it is better to trust a altcoin or stablecoin when they invest in other things. https://crypto.news/tether-invests-25m-in-oobit-to-expand-crypto-payments-globally/