Hey.
I'm currently all in tether... which isn't a good idea currently IMO.
I'd like an alternative that won't turn to dust - as I've heard speculation; that Tether might become worthless if Bitfinex get hammered in the courts.
What's the best stable coin currently?
I'm at Bitfinex at the moment, however I'm thinking of going back to Binance; giving me more options for stable coins.
However, the liquidity of TrueUSD and USDcoin - on Binance, is pretty poor....
Which leaves..
a) a btc only exchange such as Bitmex
or deribit... 
(which is not for me, way too much stress having to keep a constant eye on the market. I like to take time out as needed)
b) Coinbase and legit Fiat. However - coinbase has high fees and very bad liquidity (I have the choice of euros or pounds there.. no dollar
)
I'm quite worried that Tether will just collapse and all my trading capital will simply vanish.
Is that a valid concern? And do we have a time-frame for when things will be concluded with the latest tether fiasco.?
Would very much appreciate some insight on this.
Thanks.
TG
I will honestly advise against keeping your money in binance, even though they are still the most trust worthy exchange till date, but when it comes to security, there is not exchange that is that perfect other than your own private wallet. I'm currently all in tether... which isn't a good idea currently IMO.
I'd like an alternative that won't turn to dust - as I've heard speculation; that Tether might become worthless if Bitfinex get hammered in the courts.
What's the best stable coin currently?
I'm at Bitfinex at the moment, however I'm thinking of going back to Binance; giving me more options for stable coins.
However, the liquidity of TrueUSD and USDcoin - on Binance, is pretty poor....
Which leaves..
a) a btc only exchange such as Bitmex
or deribit... (which is not for me, way too much stress having to keep a constant eye on the market. I like to take time out as needed)b) Coinbase and legit Fiat. However - coinbase has high fees and very bad liquidity (I have the choice of euros or pounds there.. no dollar
)I'm quite worried that Tether will just collapse and all my trading capital will simply vanish.
Is that a valid concern? And do we have a time-frame for when things will be concluded with the latest tether fiasco.?
Would very much appreciate some insight on this.
Thanks.
TG
Get your money converted to BTC, and keep it in your wallet with necessary security put in place, although I still do not understand why you want to keep your fund I n a stable coin for now.There is no stable coin in the market that is more effective than tether, but now that tether is having issue as regards their overprinting of money, there is no better option than BTC.