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Author Topic: Tether Seems like Sound money  (Read 417 times)
cryptoresearchcn
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May 04, 2024, 07:50:35 AM
 #41

As already written above, the main problem of USDT is the possibility of freezing.
But this is not relevant for all blockchains.
AVE5
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May 04, 2024, 08:28:45 AM
 #42

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.

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May 04, 2024, 09:53:48 AM
 #43

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.









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riantolie
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May 04, 2024, 11:51:22 AM
 #44

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.
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May 06, 2024, 03:35:21 PM
 #45

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. Wink

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