Post
Topic
Board Bitcoin Discussion
Re: what do you think about USDT?
by
Awalt541
on 05/12/2020, 12:30:15 UTC
USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?
Stable coins, easy way to you saving USDT without account bank.  Helping trade to easily buy the crypto without third party or long procedure for spend out. I'm not sure about security they had some back up assets USD real or gold.  I have hear about USDT on smartcontract, if your token get burned, that's will be lost and can't recovered.