This is a question i had for a long time,ive seen majority of traders buy and trade crypto through USDT,they just blindly trust it ,as its purpose is that of a stable coin ,i.e. basically a crypto replacement for USD($).
But what if the company behind USDT decides to cheat its holders,is there any way we can find out before a complete disaster? (for e.g. they start minting more coins unnecessarily)
is there any safety mechanism or a red flag indicator before its too late?
I think all coins have the same risk as USDT, because investing in crypto is a very risky thing, but I am very optimistic that USDT will survive and will continue to make the best contribution to exchange with other altcoins, currently I have never received the problem at all when using usdt as a transaction tool, in my opinion the first step to find out whether a coin will fall is the amount of FUD news,