Tether Seems like Sound money

[cryptoresearchcn]

As already written above, the main problem of USDT is the possibility of freezing.
But this is not relevant for all blockchains.

[AVE5]

The tether is a structured digital fiat that's projected to scale the values of crypto Coins on stabilities.
So by which you can't have it in your pocket as the traditional usdt under the control of the government since it can't be printed, then it's all hope to be digital currency as well as other cryptocurrencies.

Only a government that has the thoughts of deflating inflations in their countries can implement to indulge in finding investing in the Crypto markets in other to backup the state by which their fiats such as the usd can be valuable and also promotes economy rates.

[Bushdark]

As already written above, the main problem of USDT is the possibility of freezing.
But this is not relevant for all blockchains.

USDT is a good stable coins and it's the best we have in the crypto space among so many that are trying to get more adoptions just the like the USDC. TEther is also investing part of their funds in Bitcoin and have backups in most of the firms. I know that anything can happen in the crypto market but that should not make us to tarnish a good project now thatbwe are seeing the adoption and features we have and that are available for us.

[riantolie]

As already written above, the main problem of USDT is the possibility of freezing.
But this is not relevant for all blockchains.

This possibility is kinda expected, they had to do that to be allowed to operate. Otherwise, they'd face a lot of problems with governments.

[Abiky]

It cannot be denied that Tether is the best investment of all time, where Tether is very stable and its value always follows USD movements, and Tether is an altcoin that can be a security for crypto assets, where if the crypto market is experiencing chaos or the price value is very unstable, then tether could be the best solution to be able to secure your crypto assets, namely by exchanging your assets to tether.

Just remember: "What goes around, comes around". Tether's rise to glory could all come down to an end if something unexpected happens in the future. After all, empires don't last forever. Who would've thought a big and mighty exchange like FTX would go all the way down the drain in an instant? The same can happen with Tether in the long run. I'd proceed with caution, especially when Tether has been unable to prove its USD reserves. The company has been increasing USDT's supply without regular audits.

Since stablecoins aren't backed by the government (in this case, the US government), you can lose everything without being able to claim back your money. You're much safer saving money (Fiat) in a bank. Especially if you're an American citizen. Those living abroad would have no other option but to stick with Tether if they want the security and stability of the USD without crossing borders. The future is unpredictable, so I can only hope for the best.

[mich]

Well yes I still do think tether is the best of the stablecoins. And now Tether has a new gold backed stablecoin pegged to the US dollar.

It is called Alloy aUSDT and it is mintable on the new Alloy from Tether platform. https://cryptoslate.com/tether-launches-synthetic-dollar-ausdt-backed-by-physical-gold/

[trendcoin]

I suggest you take a look at the wallets blacklisted by Tether (https://dune.com/phabc/usdt---banned-addresses). Yes, so far they've only targeted money launderers or scammers in response to requests from law enforcement, but they have the authority to do similar things to any wallet because of the authority in their smart contracts. So, they are 100% diametrically opposed to the original philosophy of cryptocurrencies. By the way, yes, I use them, but I don't think they are solid money...

[asriloni]

As already written above, the main problem of USDT is the possibility of freezing.
But this is not relevant for all blockchains.

This possibility is kinda expected, they had to do that to be allowed to operate. Otherwise, they'd face a lot of problems with governments.

Tether is likewise a centralized firm, and the company follows regulatory compliances. Since tether is a stable token issuer, the company must follow the rules by the regulator in order to get regulatory approval to operate their service. Certainly, tether has a function to blacklisted the dubious wallet connected to the illicit activity. Notwithstanding all of tether's pros and cons.
As long as we did not do something illegal, a blacklisted trait owned by tether is not a major issue; hence, we should be worried about that only if we did something unlawful. The government constantly orders the centralized firm to guarantee the safety of its users. One of the preventive measures possessed by tether to freeze the wallet used to gather the dubious money.

That function, which tether is developing, guarantees the offenders won't be able to spend the money from their crimes. In summary, "one of tether's concern to its users".

[Abiky]

I suggest you take a look at the wallets blacklisted by Tether (https://dune.com/phabc/usdt---banned-addresses). Yes, so far they've only targeted money launderers or scammers in response to requests from law enforcement, but they have the authority to do similar things to any wallet because of the authority in their smart contracts. So, they are 100% diametrically opposed to the original philosophy of cryptocurrencies. By the way, yes, I use them, but I don't think they are solid money...

Sounds more like Fiat to me. People are blind enough to realize this, as they're only focused on making money. Crypto has moved away from its original purpose long ago. I'm starting to believe Tether/USDT is the US' next CBDC. It could replace paper money as we know it. We'll see.

For those concerned about Tether's "blacklist" feature, there's a decentralized alternative called DAI. It hasn't censored addresses from spending DAI tokens since day one (AFAIK). The challenging part would be maintaining its 1:1 ratio with the US Dollar in an event of a major market crash. Nothing is guaranteed to last forever. So I'd proceed with caution just to be safe.

[MeGold666]

Anyone praising stable coins, especially USDT should burn in hell for all the eternity+1day.