Quote from: nurilham on July 26, 2021, 10:49:37 PM

Quote from: Orange89 on July 25, 2021, 06:47:15 PM

Why USDT IS SAFE, USDT is backed up by UNITED STATE DOLLAR (USD) it is a stable Crypto currency it had fully transparency

Are you sure about this? Is USDT really backed by USD? And Is it fully transparent?
I am not sure about this because I even don't get valid information about its transparency and USD backup. However, I don't against USDT, but I am just curious about it. You should enclose the proof such as an article or statement from developers related to the matter. So far, I trust USDT because it is used by most crypto users and be the top 10 crypto coins. And USDT is also covered by trusted teams.

I have no idea whether this ever changed but as far as I can remember there have never been official reports about the fiat currency reserves that are supposed to back USD Tether in real banks. I think they were once forced to conduct a full audit, but I am not sure if they were obliged to publish the report. Anyway, Tether isn't risk free given the fact that they have stored their money in real banks and they claim that for ever USDT out there, there is also a dollar in a bank. Who knows whether that is true or not. I can't verify it and others can't either.