Hey guys,
I plan on selling some of my altcoins in the near future. Instead of converting it to fiat, I will rather convert it to BTC and stablecoins. I hear a lot of concerns regarding USDT, which is why I want to ask you guys what stablecoin you prefer to hold?
Thanks in advance.
I personally prefer USDT, but we should not forget that they also have some disadvantages.
Tether has faced accusations of insufficient reserves in the past for a variety of reasons. Although these allegations have never been proven, the company's audits are often unsatisfactory.
There are various lawsuits, such as the one filed by the New York Attorney's Office, that aim to reveal that Tether's parent company mismanages its funds and conceals losses.