Post
Topic
Board Altcoin Discussion
Re: Is USDT Tether safe?
by
Fire me!
on 27/07/2021, 21:58:31 UTC
Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?
USDT is certainly safe because the price of USDT always follows the current FIAT currency, so there is no need to worry anymore about transferring our assets to this token, and almost all markets certainly use USDT pairs to some of the coins traded on that market.

If usdt is not backed by enough decent assets than it is a high risk that you are taking. Since they never had a real audit i do not think it is safe and would stay clear from it as much as possible.