Quote from: laredo7mm on Today at 12:38:04 PM

Quote from: Tushar Ramani on December 18, 2020, 04:23:25 AM

You're right. The team has not even disclosed its price to remain $1. Here are a few points to look at the other side:

20B circulation with nothing backed
No proof of funds either
Banking partner on the Bahamas
Lawsuits are pending
No physical operation location
Without any regulation
Prints n x USDT like feds

I am worried about my funds in USDT. I think I have to move to USDC or BUSD.

But still, people use it heavily which is visible in its daily trading volume. I think Moving to DAI, USDC or other stable coins will be great but exchanges need to provide trading pairs with those stable coins too. Most of the exchanges have USDT pairs for every coin but there is not much USDC or DAI pair. That is the reason many traders like me USDT in their daily trading and I do not trust USDT either.

How many people care about Tether's issuance and backing policy? No one cares, otherwise it wouldn't be so heavily used. It's just another way to avoid fiat and to stay in crypto, that's what it is.
If it will collapse, people will cry becuase they didn't know, but the bubble is there in plain sight.