Post
Topic
Board Trading Discussion
Re: Best alternative to Tether?
by
exstasie
on 14/11/2019, 20:57:02 UTC
What do you think? This is high time to leave Tether and drive into another crypto? I am a little bit confused while reading about Tether fraud from online https://all-stocks.net/featured-the-full-story-of-bitfinex-tether/ Waiting for your reply what to do next. Thank you!

The market disagrees. Tether's market cap has plateaued above $4 billion and shows no signs of dropping: https://coinmarketcap.com/currencies/tether/

If you are too worried about your transactions and assets being disrupted, you should also use a few other stablecoins. In the crypto market, there are many types of stablecoins, such as PAX, USDC, TUSD, ...
You don't need to use USDT and become too nervous. We have many options bro, relax.

The liquidity is lacking on all non-USDT stablecoins though. USDC is okay on Binance, but even as a smaller trader I've struggled at times to get in/out of positions quickly. It's even worse everywhere else.

I'm a huge fan of DAI because it's a stablecoin that is decentralized and not backed by USD deposits.

DAI is super cool. I love the idea of hedging USD value with a decentralized token. I just wish the markets were bigger. Coinbase and Kraken launched markets but they are very disappointing.