Quote from: Twinkledoe on January 15, 2021, 11:36:37 PM

Quote from: stokholminfinity on October 18, 2020, 03:50:41 PM

I would not completely trust USDT, because they are not backed by anything. The DAI project is covered in real dollars. Trust in USDT is gaining popularity in the crypto community and over time it will become a postulate. So far, users have in their portfolio a set of different stablecoins.

That is my opinion on this matter also. I have the feeling that USDT is not totally backed with US dollars. When they admitted before that they are not fully backed, I have the feeling, that they are not always saying the absolute truth about their assets. So just be careful holding long term this stable coin.

It's clearly stated by the company itself if they are not 100% backed by the USD.

https://www.coindesk.com/tether-says-its-usdt-stablecoin-may-not-be-backed-by-fiat-alone

See? 20 billions USD is a lot of money. I never believe if this company has the fiat currency worth 20 billion USD to backed the stable coin. Im still actively using tether caused by it gives me some options to avoid the high fees.