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

[Abu-Naim]

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!

To me it depend on how exposed you are about the risk behind USDT and how do you think it will affect your holdings in future especially if you are into cryptocurrency.

I would accept it if it is me because I know that I can use them direct to achieve my bitcoin holding dream, I don’t need to be looking for ways to transfer them into exchange again.
And since there are exchanges that offers p2p transactions, you can cashed the money out anytime you want.

[kawetsriyanto]

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.

I think it is no problem to have the salary in USDT as long as the amount of the salary is satisfying. 
I won't keep the USDT but I will convert it on the exchange directly. It won't be difficult to sell the USDT in exchanges, we just need to have CEX account. Since it is a stablecoin, it has no huge volatility in the price. So, I think it is secure enough to be the salary of everyone.

And since there are exchanges that offers p2p transactions, you can cashed the money out anytime you want.

We can convert it to dollars anytime. It can be through regular withdrawal in the exchange account, the dollars will be sent to our bank account ourselves. Or we also can use p2p transactions, it can also be an alternative in converting the USDT to bank accounts.

[AmoreJaz]

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.

I think it is no problem to have the salary in USDT as long as the amount of the salary is satisfying.  
I won't keep the USDT but I will convert it on the exchange directly. It won't be difficult to sell the USDT in exchanges, we just need to have CEX account. Since it is a stablecoin, it has no huge volatility in the price. So, I think it is secure enough to be the salary of everyone.

And since there are exchanges that offers p2p transactions, you can cashed the money out anytime you want.

We can convert it to dollars anytime. It can be through regular withdrawal in the exchange account, the dollars will be sent to our bank account ourselves. Or we also can use p2p transactions, it can also be an alternative in converting the USDT to bank accounts.

This is the advantage of USDT, as it is available in most centralized exchanges, you have no problem exchanging it right away. So if in case you will receive USDT, you can directly convert it to USD if you need it. As the price is usually stable, the change may be very small if you are worried about the price volatility of this stablecoin. So for me, it doesn't pose any problem and you can accept it without a doubt.

[wxa7115]

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 do not see too many reasons why I would want to do this, the only one that exist is that being paid in USDT will make my life slightly easier when buying bitcoin, however it would make the use of the rest of my money way more complex as no business I know accepts USDT.

And I suppose I would not be the only one with that kind of problem, and even if it did not existed, I am sure many people on this forum will never accept to receive stable coins as their main source of income, since we know that those coins can collapse at any given time, and we have witnessed examples of this recently.

[OrangeII]

Why not ? I've been in the crypto business for years, and I've always used USDT. If you are afraid of USDT, you can exchange it for fiat at your trusted exchange when you have been paid. Apart from that, many people are enthusiastic about bounties paid using USDT. If there were jobs on the internet that paid USDT, I think a lot of people would be interested. Even in real world work, if the person knows how to utilize USDT, I don't think he will refuse it.

[adaseb]

I think most people would rather accept a stablecoin than an actually crypto coin like bitcoin or Ethereum. Many people would be scared to get paid in bitcoin if next week the coin can lose 10% of its value. But if they were paid in USDT then many would accept it most likely.

Right now I don’t think people fear tether being insolvent since they hold so much USD that they make billions in revenue just from the US treasuries they hold. They also reinvest their profits back into Bitcoin itself. So since there is no more tether fud many would be happy to accept it.

[batang_bitcoin]

We're even getting paid in Bitcoin and getting paid in USDT isn't a problem. Just don't pay in random altcoins that have no liquidity at all.
This is the reality that most of us wanted to get paid in Bitcoin, ETH or any other top altcoins so receiving USDT as a payment is totally fine and not a problem at all.

[JeffBrad12]

I think most people would rather accept a stablecoin than an actually crypto coin like bitcoin or Ethereum. Many people would be scared to get paid in bitcoin if next week the coin can lose 10% of its value. But if they were paid in USDT then many would accept it most likely.

Right now I don’t think people fear tether being insolvent since they hold so much USD that they make billions in revenue just from the US treasuries they hold. They also reinvest their profits back into Bitcoin itself. So since there is no more tether fud many would be happy to accept it.

indeed that concern about insolvency as well as the safety of holding stablecoin should also taken into account, i mean we all know tether is a private company that reserved money for pegging their USDT but i'm just maybe concerned that it might have weakness like UST has in the past.
personally i have no problem with USDT, the fact that it is already reaching billions of market cap might means that it just too big to fail. but anything can happen and there's always chance.

We're even getting paid in Bitcoin and getting paid in USDT isn't a problem. Just don't pay in random altcoins that have no liquidity at all.
This is the reality that most of us wanted to get paid in Bitcoin, ETH or any other top altcoins so receiving USDT as a payment is totally fine and not a problem at all.

the instant someone receive their BTC if paid at current rate, they can easily convert it crypto is as liquid as ever, there's definitely no implication.
its just that maybe some people that aren't really well versed with cryptocurrency investment might fear losing their money even though its gonna be fine mostly if its temporary the volatility won't affect that much in my opinion.

[Kelward]

I'll be happy to receive my salary in usdt if my country's fiat currency is devaluing due to inflation, so that it'll not affect the value of my money, so as the currency is devaluing the stablecoins will hedge it against the inflation  Secondly it'll be beneficial to me because I'm into cryptocurrency, it'll make it easier to convert it into any cryptocurrency for trading and investments. But it won't be beneficial to people whose economy are stable and also to people who're not into crypto businesses, they cannot easily spend it, they'll have to pay transaction fees in order to convert it to fiat.

[God bless u]

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 would have asked me this question a year ago I would have surely answer yes but now the time has changed and we have to change as well according to the shift of power.

The power is drifting out of USAs hand especially after the oil dealings have been started in different currencies rather than dollar. Now more power will shift towards yuan and other currencies so dollar was a giant but now its being faded. So its more secure to wait and then answer this question.

[tygeade]

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!

Stable coins has a lot of pairs right now if you get back with the previous history of the market especially the Luna coin case the price of the stable coins de-peg so ideally there a volatility, if you can make a quick trade with the fiat or have a chance could be a fiat currency its better to take than having unexpected market crash and lose the value of it. Tons of topic already created about the use of the crypto as payment method but takes a lot of hassle to the user who is not knowledgeable with the crypto.

They do get a lot less though, there are a lot of places (exchanges) who are not using the stablecoin market anymore and delisting some, even getting USDT delisted, which is insane when you think about it because that is the biggest one with hundreds of billions of dollars. So, I feel like the future of stablecoins look a little bleak and I believe that we are not going to see that work.

All in all we should consider wages being paid in USDT (or any other stablecoin) as a problem because in the future it could be quite troublesome to get those cashed out, what if it's banned everywhere? I believe that we should consider that as a problem and we should probably just consider what we could do with it as much as we can and just get paid in either fiat or btc instead.

[batang_bitcoin]

We're even getting paid in Bitcoin and getting paid in USDT isn't a problem. Just don't pay in random altcoins that have no liquidity at all.
This is the reality that most of us wanted to get paid in Bitcoin, ETH or any other top altcoins so receiving USDT as a payment is totally fine and not a problem at all.

the instant someone receive their BTC if paid at current rate, they can easily convert it crypto is as liquid as ever, there's definitely no implication.
its just that maybe some people that aren't really well versed with cryptocurrency investment might fear losing their money even though its gonna be fine mostly if its temporary the volatility won't affect that much in my opinion.

It's a stable coin so there's no problem with USDT but you're right that some probably are only into Bitcoin and ethereum but they don't know a lot about stable coins and other cryptocurrencies. But once they started to understand and realize that there's so much with the crypto market and if they finds out that it's liquid, they're going to be happy to accept it as there's not that much difference aside from being liquid but it's just the same as the treatment we give to other known crypto as money.

[Queentoshi]

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 get a job and it is a well-paying job, you may not be able to reject accepting payment in USDT if that is the only option of payment that they give. If you start receiving wages in USDT you will become used to it and know what exactly to do whenever you receive.
I do not think anyone will refuse a job offer because the only payment method is through USDT.

[tvplus006]

...And I suppose I would not be the only one with that kind of problem, and even if it did not existed, I am sure many people on this forum will never accept to receive stable coins as their main source of income, since we know that those coins can collapse at any given time, and we have witnessed examples of this recently.

I believe that there is no difference in which coins you receive your salary, if this coin can be converted to another currency at any time. And I am sure that if the management of the company where you work really starts paying salaries in stablecoins, then you will not change your place of work, but simply exchange stablecoins for the currency of the country where you live.

[Yaqs15]

I'll be happy to receive my salary in usdt if my country's fiat currency is devaluing due to inflation, so that it'll not affect the value of my money, so as the currency is devaluing the stablecoins will hedge it against the inflation  Secondly it'll be beneficial to me because I'm into cryptocurrency, it'll make it easier to convert it into any cryptocurrency for trading and investments. But it won't be beneficial to people whose economy are stable and also to people who're not into crypto businesses, they cannot easily spend it, they'll have to pay transaction fees in order to convert it to fiat.

  Why not?
 infact, I will run towards accepting it because I know it's value as a stable coin for that matter. So when you know the worth of something and you have the full knowledge of how it works, you are already in the right place and also on its advantages. Because you can be able to tell everyone about it's advantages and disadvantages. For that you will have nothing to be scared of. you can make it what ever you want to make it.
 Usdt, been one of the stable coin, can be changed to any other coin with ease if you know the method to apply during the process. So I will even like it that way. that is, it should be used to for payment as it stands now.

We're even getting paid in Bitcoin and getting paid in USDT isn't a problem. Just don't pay in random altcoins that have no liquidity at all.
This is the reality that most of us wanted to get paid in Bitcoin, ETH or any other top altcoins so receiving USDT as a payment is totally fine and not a problem at all.

the instant someone receive their BTC if paid at current rate, they can easily convert it crypto is as liquid as ever, there's definitely no implication.
its just that maybe some people that aren't really well versed with cryptocurrency investment might fear losing their money even though its gonna be fine mostly if its temporary the volatility won't affect that much in my opinion.

  Since the volatility rate is a very negligible one, I see nothing to be scared of. Usdt, when been used as a means of my wages payment, I will be very glad to accept it from any angle because for example, my country's currency is depreciating day by day significantly that is why I said that.
  Even if it's not depreciating, for the fact that it value is not even up to 1/99 of usdt, who would not take it when given? I think most of the people that have the knowledge will eagerly and desperately going to accept it because of its significant value especially compare to their currency. So no problem.

[Awaklara]

We're even getting paid in Bitcoin and getting paid in USDT isn't a problem. Just don't pay in random altcoins that have no liquidity at all.
This is the reality that most of us wanted to get paid in Bitcoin, ETH or any other top altcoins so receiving USDT as a payment is totally fine and not a problem at all.

Maybe what OP meant was related to your real-world job, not your signature. where the use of USDT is still limited and not all goods and services businesses accept USDT.
for those of us who use crypto every day in trading or store it in a wallet. USDT payments for our work will not be a problem. we can still send it to an exchange to convert it into fiat and then use it for our needs.

[fuguebtc]

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 do not see too many reasons why I would want to do this, the only one that exist is that being paid in USDT will make my life slightly easier when buying bitcoin, however it would make the use of the rest of my money way more complex as no business I know accepts USDT.

If you think paying with USDT will make it difficult for you to use it, what about bitcoin? Because you are also receiving bitcoin payments from the Duelbits signature campaign and how do you use them when businesses also don't accept bitcoin?

And I suppose I would not be the only one with that kind of problem, and even if it did not existed, I am sure many people on this forum will never accept to receive stable coins as their main source of income, since we know that those coins can collapse at any given time, and we have witnessed examples of this recently.

How will USDT collapse? If I remember correctly, rumors of USDT's demise were around 10 years ago but why is it still the most used stablecoin on the market? Additionally, I also believe you are also using USDT to invest in bitcoin as it is currently the most popular stablecoin on the market.

[AbuBhakar]

We're even getting paid in Bitcoin and getting paid in USDT isn't a problem. Just don't pay in random altcoins that have no liquidity at all.
This is the reality that most of us wanted to get paid in Bitcoin, ETH or any other top altcoins so receiving USDT as a payment is totally fine and not a problem at all.

Maybe what OP meant was related to your real-world job, not your signature. where the use of USDT is still limited and not all goods and services businesses accept USDT.
for those of us who use crypto every day in trading or store it in a wallet. USDT payments for our work will not be a problem. we can still send it to an exchange to convert it into fiat and then use it for our needs.

You’re right, he is thinking of the potential de-pegging risk which is normal in stablecoins if it’s not backed properly by USD or the custodian bank for the reserves got bankrupt. This happened on USDC before but they manage to survive due to the Feds help on banks bankruptcy.

I don’t want to receive USDT as payment to my real job salary since I use it immediately for my personal expenses while having USDT will give me more hassle to convert back to fiat just to spend it physically since merchants doesn’t accept crypto until now.

[DeathAngel]

It wouldn’t be something that I’d prioritise but if I was enjoying the job & paid a good salary in comparison to other fiat salaried jobs that I could get then yeah, sure, why not. As long as I could exchange the USDT for my local fiat currency & withdraw to my bank quickly after getting paid without high fees then it wouldn’t be much different to getting paid normally in fiat.

[Rengga Jati]

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!

In fact, the fluctuations are not too high compared to other cryptocurrencies. However, for people who are used to paying using US Dollars, this might be more of a hassle for some people. Or even for those who are completely new to crypto, this will be quite difficult to understand and do. So it will actually cause a small loss when selling it. However, if you are already familiar with crypto and its use, then I think this is not a big problem. This will depend on how we manage the USDT after it is received.

However, when it comes to risks, it cannot be denied that there will definitely be high risks. Because after all, crypto is risky, whatever the coin. This is related to security and other things. There will definitely be risks.

So, yes, you should consider the pluses and minuses first.
If I'm personal, it's actually not a problem. and if I'm worried about some things, then I will immediately convert to fiat. It's just that this service also requires a fee for the transfer.