Hi Friends,
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
as you are aware there are several stable coins such as USDT, USDC, BUSD, DAI and so on. Among them, I know that Tether-USDT can be frozen. Source: https://www.dcforecasts.com/tether-news/tether-is-now-able-to-freeze-and-destroy-your-usdt-coins-report/
In my opinion there is really no difference between bank and USDT if they can freeze coins. So, I am just wondering, if you have any preferred stable coins which is safe and can't be frozen etc.
I wish to convert some of the coins to stable coins for next bull run. So, your suggestions will be very much appreciated
What also needs to be considered regarding USDT is the fact that we can not be safe anymore if every USDT that is minted by them is still backed by a real US Dollar because back in 2019 they changed the wording regarding that from "Every USDT is backed by a real USD" to "We have enough reserves to back every USDT minted with a real USD". So we don't have any possibility to verify this reserves and if they exist we don't know in what form those reserves exist.
Personally i have switched to USDC a few months ago. USDC belongs to coinbase and they are, as a US company, audited pretty regularly so the reserves for USDC should be safe.