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

[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!

If I am an employee, I will not agree, but if another cryptocurrency is paid to me as my salary, such as SHIB, PEPE, BNB, KAS, and others on the top list, it is fine with me as long as it is not USDT. I only want USDT when I convert crypto to our Fiat.

Then there is also a risk when you are paid in USDT. But of course, that still depends on the choice of crypto enthusiasts. Maybe the others will allow what they want to happen.

[Mahanton]

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 I am an employee, I will not agree, but if another cryptocurrency is paid to me as my salary, such as SHIB, PEPE, BNB, KAS, and others on the top list, it is fine with me as long as it is not USDT. I only want USDT when I convert crypto to our Fiat.

Then there is also a risk when you are paid in USDT. But of course, that still depends on the choice of crypto enthusiasts. Maybe the others will allow what they want to happen.

As an employee then you would definitely be agreeing on what your employer would really be able to integrate or would be making out those changes on which it would be something that you cant really be able to resist out even if it would really be that against with your interest. People would really be finding things to be that some sort of new thing for them specially to those who doesnt know about crypto or about stablecoins.
In means about awareness and adoption or recognition then this is something a good initiative if ever they would really be making out such decision but we know that people would really be sticking into those things on which they have been getting used to through ages. There are ones who might be opposing but just as been said that there's nothing they could do.

Come in mind that even if you do have that receive USDT as your salary then you could really always that be able to convert it out to cash and this is something that will really be not much
of an issue. There are really just those people who doesnt really like to welcome new ideas and integrations.

[retreat]

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's not a problem for me to receive my salary in USDT, because I just convert it to my country's currency directly when receiving it on the exchange. But I probably wouldn't want to hold onto it for long, since the stablecoin has the risk of de-pegging, and bad luck isn't on the calendar, so I'd prefer to immediately convert it to my country's currency and then withdraw it to my bank account.

[YOSHIE]

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!

Before answering, of course we must first understand the advantages and risks of US dollars and USDT. My understanding is that there are two places and factors for choosing a salary that is paid in US dollars and USDT.
Understanding:The US dollar is a fiat currency, which is traded or exchanged in the real world in transaction activities, of course if I work in the real world, I definitely don't want to be paid in USDT, obviously I ask for fiat US dollars in physical form, even though transfer via Bank andetc.

And USDT is a stablecoin, often mentioned by many people and USDT is included in one of the crypto currencies, only it is pegged to fiat, based on the US dollar exchange rate.
The point is: if I worked in the crypto services sector or carried out trading activities of course I would choose a salary in USDT.

Conclusion: the two currencies have different places, as do the salaries paid in different places.

[tvplus006]

If I am an employee, I will not agree, but if another cryptocurrency is paid to me as my salary, such as SHIB, PEPE, BNB, KAS, and others on the top list, it is fine with me as long as it is not USDT. I only want USDT when I convert crypto to our Fiat.

Then there is also a risk when you are paid in USDT. But of course, that still depends on the choice of crypto enthusiasts. Maybe the others will allow what they want to happen.

A very strange choice) After all, it is no secret to anyone that the risk of receiving a salary in coins such as SHIB, PEPE, BNB, KAS is higher than receiving a salary in USDT. Of course, it's good if the price of these altcoins increases in price after receiving a salary, but what will you do if a dump follows?

[Nrcewker]

As said before you need to rethink about it. As from your wages or salary you pay the bills of your home, live your life. So if you paid in USDT, by converting them to fiat will take more time and some fees will be there. Hence most of the people will deny to take it. Yes a combination of Fiat and Cryptos can work. As the cryptos portion can be used as an investment option and from the fiat portion you can pay the daily necessary bills.

[Wapfika]

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!

Why you will need a fake USD in the form of USDT while USD is more convenient for an instant use of your salary. Also USDT frequently depegging which means you will earn slightly less if you choose USDT instead of direct USD.

You can easily deposit fiat on CEX since the P2P feature on exchange gives you the option to place an order wit( your desired price so you don’t need to rely on USDT and just purchase the crypto that you want using your fiat. USDT is a very shady stable coin which is not worthy to use as substitute to fiat when it comes for salary purposes.

[bitgolden]

Stablecoins aren't really that complicated to turn into fiat though? I mean am I missing something, if someone pays me in fiat, in like under 2 minutes I can turn that into USDT, and if someone pays me in USDT then I can turn that into fiat in under 2 minutes as well. This doesn't feel like it would be all that complicated to handle, I feel like we are going to end up with something quite ordinary, like nothing of worth would change in your life, you would basically be doing the same thing.

I understand some may think differently, but that doesn't mean that we are going to get something big from it. I hope that we could get crypto to be common like this for everyone because it would at least start at crypto and then could go to fiat, instead of getting paid in fiat like commonly.

[Lanatsa]

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!

Why you will need a fake USD in the form of USDT while USD is more convenient for an instant use of your salary. Also USDT frequently depegging which means you will earn slightly less if you choose USDT instead of direct USD.

You can easily deposit fiat on CEX since the P2P feature on exchange gives you the option to place an order wit( your desired price so you don’t need to rely on USDT and just purchase the crypto that you want using your fiat. USDT is a very shady stable coin which is not worthy to use as substitute to fiat when it comes for salary purposes.

One of the main risks of having those stablecoins that it could be potentially be having that depegging on which it could really lead up to zero or losing money simply but of course the company wont really be accepting or making such changes if there were no reasons. Just like on what others been saying that above that if ever the company would really be having that kind of changes then it would really be something that you cant be able to resist since you are just that a worker and any decisions or changes would be made is something that you cant complain not unless if you would be tending to resign just because you dont like such changes.

Just as mentioned that as the moment you do receive your USDT then you could simply convert it out and p2p right away on exchangers and change it to fiat
if you do have that kind of worrying about those depegging and other issues.

[Liquid Flower]

If all your wages were paid in USDT, would you accept it?
Every payday I would convert it all into BTC, alcoins and/or USD, so I would be holding no Tether the next days. Many people know USDT is not always going to be stable, so why take the risk?

[Stalker22]

Just as mentioned that as the moment you do receive your USDT then you could simply convert it out and p2p right away on exchangers and change it to fiat
if you do have that kind of worrying about those depegging and other issues.

Thats true,  - cashing out to fiat right away does reduce the risk of losing value if the stablecoin drops its peg.  For smaller sums, it may be the safer option.  However, peer-to-peer transactions have risks too, like the possibility of fraud by the other party.  Theres no perfectly safe option so its about weighing risks against benefits in your specific situation.  Perhaps use caution with large amounts, but accept some risk for convenience with smaller

[KingsDen]

Just as mentioned that as the moment you do receive your USDT then you could simply convert it out and p2p right away on exchangers and change it to fiat
if you do have that kind of worrying about those depegging and other issues.

Thats true,  - cashing out to fiat right away does reduce the risk of losing value if the stablecoin drops its peg.  For smaller sums, it may be the safer option.  However, peer-to-peer transactions have risks too, like the possibility of fraud by the other party.  Theres no perfectly safe option so its about weighing risks against benefits in your specific situation.  Perhaps use caution with large amounts, but accept some risk for convenience with smaller

If I am paid in USD, I can use same to buy USDT. In the other hand, if I am paid in USDT, I can convert same to USD. The world is full of possibilities, so I don't think it's needful killing one'self. The most important thing is getting a job and being worthy to be paid at the end of the month or year.

[shinratensei_]

As said before you need to rethink about it. As from your wages or salary you pay the bills of your home, live your life. So if you paid in USDT, by converting them to fiat will take more time and some fees will be there. Hence most of the people will deny to take it. Yes a combination of Fiat and Cryptos can work. As the cryptos portion can be used as an investment option and from the fiat portion you can pay the daily necessary bills.

it will be indeed beneficial for those that want to reinvest their money, less steps to take, but gonna be complicated for people that never even tried using these stablecoins.
but speaking about fee though, since USDT is quite literally everywhere i'm sure that we can just choose the cheapest blockchain to distribute the salary and get over with it.
so its not a problem really, the problem is probably the concern of micro depegging whereas the value kinda fluctuats a little time to time, some people might find it to be annoying though I guess.
but most people I think just won't care, since its micro means small margin anyway.
so I guess most people will be fine enough, as usual the payroll like this should be consent based so no one will feel forced.
to be fair, the fact that stablecoin is very low in volatile is already convenient enough for salary distribution.

[Marvell1]

As said before you need to rethink about it. As from your wages or salary you pay the bills of your home, live your life. So if you paid in USDT, by converting them to fiat will take more time and some fees will be there. Hence most of the people will deny to take it. Yes a combination of Fiat and Cryptos can work. As the cryptos portion can be used as an investment option and from the fiat portion you can pay the daily necessary bills.

it will be indeed beneficial for those that want to reinvest their money, less steps to take, but gonna be complicated for people that never even tried using these stablecoins.
but speaking about fee though, since USDT is quite literally everywhere i'm sure that we can just choose the cheapest blockchain to distribute the salary and get over with it.
so its not a problem really, the problem is probably the concern of micro depegging whereas the value kinda fluctuats a little time to time, some people might find it to be annoying though I guess.
but most people I think just won't care, since its micro means small margin anyway.
so I guess most people will be fine enough, as usual the payroll like this should be consent based so no one will feel forced.
to be fair, the fact that stablecoin is very low in volatile is already convenient enough for salary distribution.

If given a choice between USD and USDT, I will still choose USD. Getting paid in USDT is a real advantage for crypto investors like us, and I don't see any problem with the fees, or its small fluctuations. What I worry more about is its legality, and its possible collapse. We all know that stablecoins are created by private companies and are pegged to USD value, but they are not created by governments. So, since they are no different from altcoins, there are risks. Not to mention, you are certainly no stranger to USDT scandals over the years, they can collapse at any time.

[Myleschetty]

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 stablecoin mostly backed with fiat currency and it also somehow operates in the fiat system because the government has the power to tell the Tether team to freeze your USDT. This is something that has happened several time when the government is hunting for suspects that use USDT, so accepting a wage in USDT is just like accepting wages in USD. However, USDT may experience de-peg if not managed properly or inflation occurs.

[dansus021]

Like the other said there is risk that USDT or other stablecoin are going to de-pegged but I still accept it at least for now because transferring USD and withdraw to my local fiat is costly and is not easy, Transfer via Paypal is sometimes tricky because they can freeze your account anytime.

So If all your wages were paid in USDT, would you accept it? Yes but Im gonna convert it into my local fiat or other crypto to reduce the risk being de-pegged tho USDT now is to big to fails if there is something going on with USDT it gonna shake the entire crypto ecosystem more than FTX and Luna I believe

[Wildwest]

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!

One way we have to accept it is if it has been implemented in a company we work for. Automatically, if you are offered a salary payment in USDT, I will object a bit because we can only use USDT in the online world, we cannot use it for everyday life. If there is no choice, how else can I accept it, whether I like it or not, maybe we expect a salary from the company, whatever form it takes, if we only accept the requirement for employees' salaries in USDT.

[Adbitco]

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 don't trust USDT neight any other currency apart from bitcoin and if was paid with usdt the only thing i would do is to convert or trade to bitcoin to enable me trust the asset that I am holding, most times these currencies that is tied under United State Dollar could have the tendency to decouple or depegged whereby you would lose your entire asset. As a worker or salary earner when your payment is being received then you can split them accordingly the way you wanted, maybe selling some percentage to your local account, while some percentage to your investment portfolio and some to charity account.

[pawanjain]

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 guess it really depends on the individual. There are people who invest only a little portion of their salary into crypto.
There are also people who use only a little portion of their salary in fiat and invest the rest in crypto.
So the latter people would prefer getting their salaries in USDT instead while the prior would still prefer fiat.

[Mpamaegbu]

I don't trust USDT neight any other currency apart from bitcoin and if was paid with usdt the only thing i would do is to convert or trade to bitcoin to enable me trust the asset that I am holding, most times these currencies that is tied under United State Dollar could have the tendency to decouple or depegged whereby you would lose your entire asset.

When it comes to cryptocurrency, nothing is an absolute and that's why we shouldn't put all our eggs in one basket. I'm concerned too, from the way things are going with regulations and various nations breathing down hard on cryptos that at some point these nations may float their own stablecoins. That will cause a strong rivalry with already existing ones. Regulations also can force stablecoins to depeg and that would be chaotic in the market. This is more likely to happen than not happen.