Post
Topic
Board Altcoin Discussion
Re: USDT a trustable?
by
TimeTeller
on 15/11/2021, 21:54:21 UTC
In later days parcels of awful news are hearing from USDT and what will be happen on the off chance that the USDT could be a scam, should i alter other steady coin, any recommendation for the steady coin?

From what I know, USDT has been around for as long as I can remember considering it was the very first stablecoin and despite all the complaints and bad news about tether, it has still remained the #1 stablecoin. Over the years, other alternatives have emerged but I still use usdt more than any other stablecoin because it has far more support and integration than any other stablecoin. That's something to keep in mind.

If the OP is worried about the future of USDT, he can always opt to other stablecoin like DAI.
It is not new that there are bad news regarding the existence of USDT.
The first time that I got hesitant with this stable coin was when they admitted not to be fully backed by USD assets.
But I am using it only for conversion purposes in exchanges, not for long term investments.
Maybe, for day to day trading, you can use it. But long-term holding? That's when you need to really think about.