Post
Topic
Board Economics
Re: Tether's market cap is huge! (usdt)
by
Tushar Ramani
on 23/12/2020, 03:44:45 UTC
I am worried about my funds in USDT. I think I have to move to USDC or BUSD.
Same here, already halfed my USDT and exchanged it to USDC.
Not so worried, thats just a rational safety call

I don't know why you guys continue to hold your wealth in the form of stablecoins. USDC is not safer than USDT. All the stablecoins are risky and holding them may result in huge losses for you. If you want to store your wealth, then store it in the form of Bitcoin. Obviously the risk of volatile exchange rate is there, but IMO this risk is lower than keeping the wealth in the form of stablecoins.

Its not about keeping wealth in USDT. Stable coins like USDT, USDC comes into the picture when someone wants to sell high, wait for dip and buy low. It is obvious that USDT is not one kind of investment but it helps to accumulate wealth one possesses.