If all your wages were paid in USDT, would you accept it?

[shanhaigamefi]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

[BlackBoss_]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

USDT and other stable coins have risk of de-peg. You don't know stable coins will de-peg or not so if you prioritize safety of your salary, choose US. dollar.

If you are a cryptocurrency enthusiast and can afford to pay loss if a stable coin de-pegs, choose Tether USDT. Risk exists but if you can trust Tether's report for audits company, it's one of best stable coin for you to use and to store your fund in cryptocurrency.

Stablecoins: A Deep Dive into Valuation and Depegging

[BitMaxz]

I do not think this is the right board for this topic it would be better if you bring this discussion under altcoin discussion to get a better response.

Since most of people use USDT and it is widely used so why not accept USDT instead of the US dollar because it is easier to transfer than accepting a US dollar? The only risk is how you protect your wallet from hackers I don't think there is an issue with Depeg?

There was a hack that happened I think last 2015 about USDT that made developers push to make a hard fork USDT to make the stolen USDT unspendable. I don't see any other risk of accepting USDT.

[avp2306]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

@Blackboss_ have good explanation towards stable coins.

But here's my take about what you have been asked well yes I would provably agree to accept USDT as payment on my salary since I know what to do with it and its good that I don't need to go somewhere else just to buy stable coin or other crypto also I can save fees by having that. Don't need to go anywhere just to have this coins just what I usually do when I want to have those currency just to deposit on my investment or to gamble.

But for other non crypto guy for sure they might don't like the idea to receive their salary in USDT since for sure they would struggle to find some ways to cash it out since there knowledge is limited about this coins.

[boyptc]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

Asking? No!

If forcibly given and I have no choice then I'll take it. So, that's the difference if I'm asked to receive that payment in USDT by my company, I'd say no.

But if they're forcing it to everyone and we have no option then that's it, no option to take it.

[mk4]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

This is going to be totally dependent on personal situations. If for example, I was in a country with a really really bad government, I'd most likely take the USDT so I can leave the country immediately with fewer problems with banks if I wanted to. Otherwise, maybe not.

[Hamphser]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

USDT and other stable coins have risk of de-peg. You don't know stable coins will de-peg or not so if you prioritize safety of your salary, choose US. dollar.

If you are a cryptocurrency enthusiast and can afford to pay loss if a stable coin de-pegs, choose Tether USDT. Risk exists but if you can trust Tether's report for audits company, it's one of best stable coin for you to use and to store your fund in cryptocurrency.

Stablecoins: A Deep Dive into Valuation and Depegging

It wont really be an issue though if you are someone who would really be cashing it out right away on the time or once you would really be able to receive it not unless if you would really be tending to hold it for long time as an act of savings or somewhat then it is really that risky considering about on that depegging thing on which this is something that could really happen out on a certain situation on which it would
really be better to get fiat instead. Also what would really be so special on trying out to accept or getting that USDT if it would really be just that still the same in talks about value?
Its not really that something that will really be that interesting in compared on getting some other coins in the market, but well it would really be on  your choice.

[Faisal2202]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

I would definitely got for it, because the fiat rates of USD and USDT in my country are different, as USD is a little cheaper than USDT. So if I will be getting paid in USDT I might be getting more fiat, but yeah if the employer is more focused on the fiat rate than the USDT amount then he might calculate the USDT accordingly. But still if he do, I will go for USDT because I can transfer my USDT easily with USD and I can easily buy crypto with it.

I have two good options, as I am into crypto and if I am getting paid in crypto dollars I can easily invest in whatever coin I want and I don't have to do P2P anymore. Things will get a little easier. Even if I have to do the shopping I can easily do it with USDT as well on some online stores.

[Alphakilo]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

My salary is not in US dollars. I wish it were though. If given the option, yes, I would ask to be paid in USDT after all, devaluation of my currency has made it pretty useless. I am not going to accept USDT only because of its ease with cross-border payments, I will accept it because when compared to my currency, it is more stable and a better store of value.

The plan is simple though if this were to happen. And it is, get paid in USDT, convert a portion of it to bitcoin and send to airgapped wallet, convert the other to my currency and use for every day transactions since I can't use crypto yet for it.

[Cryptomultiplier]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

I would definitely got for it, because the fiat rates of USD and USDT in my country are different, as USD is a little cheaper than USDT. So if I will be getting paid in USDT I might be getting more fiat, but yeah if the employer is more focused on the fiat rate than the USDT amount then he might calculate the USDT accordingly. But still if he do, I will go for USDT because I can transfer my USDT easily with USD and I can easily buy crypto with it.

I have two good options, as I am into crypto and if I am getting paid in crypto dollars I can easily invest in whatever coin I want and I don't have to do P2P anymore. Things will get a little easier. Even if I have to do the shopping I can easily do it with USDT as well on some online stores.

Well, what you said is correct by you, but what if you happen to be overseas and your boss can't seem to credit your account for some very awful reason of not being able to find your account details or the cost of transferring the funds via a bank chanel is way difficult?

For me, it would demand that I have already had a prior knowledge of the fact that my boss knows about crypto currency and he/she is aware that I do have  a knowledge too, before such transaction of wages in USDT will be concluded. Else, he/she has to pay my wages in same format like others.

[tvplus006]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

If you need USDT, you can easily get it by exchanging your USD and this does not require rebuilding the financial system of your company. As for the use of USDT in everyday life, you can issue a cryptocurrency card, for example, the Bybit exchange and use it for calculations.

[Assface16678]

I'm sure everyone here has a different response to this question, but for me, no, I will not accept it, or I will not let my salary be in USDT. The thing is that your salary is what you used in order to have daily expenses or pay bills, so if I receive a USDT as a salary, then I will need to do a transfer and conversion first before I can make it into US dollars. So what's the point of receiving USDT when you eventually convert it? So I don't see the point of doing that. Maybe some people want their salary to be in USDT because they are into crypto currency stuff, and they will need that ISDT in order to make investments. So in short, no, I will not accept and let that happen. I can convert my US dollar salary into USDT if I want to, if I want to invest some of my salary.

[EL MOHA]

My salary is not in US dollars. I wish it were though. If given the option, yes, I would ask to be paid in USDT after all, devaluation of my currency has made it pretty useless. I am not going to accept USDT only because of its ease with cross-border payments, I will accept it because when compared to my currency, it is more stable and a better store of value.

The plan is simple though if this were to happen. And it is, get paid in USDT, convert a portion of it to bitcoin and send to airgapped wallet, convert the other to my currency and use for every day transactions since I can't use crypto yet for it.

I predicted this is the reason why some people will accept the USDT payment, the continuous devaluation of their currency but if you ask me the only thing about accepting this USDT is cross border transactions which are seemingly easier with them. But the saying that their currency devalues shouldn’t be compare, because to me you will need to convert again to that currency again to buy stuffs for upkeep. So to me as long you’re not saving the money then your currency is better. As you can also do same thing as with the USDT with it. Should you decide to invest then you can simply just buy bitcoin from exchanges again

[bettercrypto]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

Maybe for others, it's okay if the person receiving the salary is a crypto enthusiast, because they can use the USDT directly to the exchange, where they can immediately buy crypto assets.
It just depends on which wallet destination address it will be sent to.

So the only cons of this are that there might be a chance to hack your account. So, in my opinion, if you are an employee, it is better to pay in fiat instead of such stablecoins.
This is just my suggestion.

[terrific]

It makes sense about the reasons of everyone. But if you're into the crypto market and you're an active trader, it's an advantage to you.
It's less hassle and you've got funds ready to get traded in the market when you need it most. Yet, for the sake of safety net and the gross and net salary income, you should choose fiat IMO.

[usekevin]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

It was the expected one by the bitcoin traders who do the real job in other private sectors or business.The USDT can be saved in the cryptocurrency wallet,So the people who get salary will not spend it completely.Because need to convert their earnings money to fiat all the time before the expenses.The risk of the Usdt was very low,we know even the bank accounts get hacked by the some hackers.The usage of the Usdt around the country become more easier and easy to use of the Usdt among the people buying selling products.

I do not think this is the right board for this topic it would be better if you bring this discussion under altcoin discussion to get a better response.

Since most of people use USDT and it is widely used so why not accept USDT instead of the US dollar because it is easier to transfer than accepting a US dollar? The only risk is how you protect your wallet from hackers I don't think there is an issue with Depeg?

There was a hack that happened I think last 2015 about USDT that made developers push to make a hard fork USDT to make the stolen USDT unspendable. I don't see any other risk of accepting USDT.

The Usdt had their huge demand for now,many people use the Usdt to save the money in the digital form.So the company paying the income in usdt will get more employees.The employees easily accept the Usdt as compared to the USD in United States.The wallet should be covered with the more security features to avoid of hacking.

[cryptoaddictchie]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

Probably not if you are talking about real time job but if you are a freelancer or online works maybe its okay. There are some who accept it on some remittances and platform provided you are into crypto but if not then totally not good idea. Why would you used it knowing its a crypto stable of course you need to deposit it or make it as currency first.

[Bureau]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

USDT is a good option only for cross border payments other than that it doesn't hold any importance. If someone gets paid in USDT they still will need to convert it into fiat as it is not accepted everywhere. Grocery, rent payments, bill payments cannot be done using USDT, those payments require fiat. I personally won't be interested in getting my wages paid in USDT unless my employer is situated in a different country.

[tottong]

If your salary was not US dollars, but USDT, would you dare to ask for it? Although USDT can facilitate transfers and cross-border payments, thinking about the fluctuations and risks makes me feel a little panicked! It can’t be used everywhere in daily life, What do you think? Come and chat!

Interestingly, we are not faced with this choice and salaries are always paid using official fiat currency issued by the government.
The matter of choice depends on each individual who accepts it or not, but why it should be a priority. Now the jobs are paid according to the company rules and we should know that before working in that place.
Most people use USDT so when faced with the choice why don't we take this step, especially since it is easier to transfer. The only issue to consider is security issues so that the assets are not hacked or have problems.

[Strongkored]

All the transactions we make in real life have a greater percentage or even almost 100% using USD/Fiat so there is no urgency to receive a salary with USDT, in fact this is more risky because the value can become zero in one night if something unexpected happens because crypto is always full of surprises.
If we need stablecoins, just buy them with the fiat we have, even if we choose the salary using USDT it will be reduced due to exchange and withdrawal fees because we will still use fiat. So we have to remain realistic even though we like crypto, but fiat is what we use the most.