Quote from: Akash1243 on December 12, 2021, 06:53:38 PM

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?

USDT can be blocked anytime , i mean this can be chat or do anything against the users and supporters in which very risky for our funds.

this is what we can find in USDT so be aware of the possibilities guys when using USDT , try not to be comfortable and never rely big amount of your funds inside this stable coin.

Quote from: Slow death on December 12, 2021, 10:18:40 PM

I think in the following way that for people who have USDT on exchanges to make day trade in case of usdt there is any problem, the exchange will be responsible for changing usdt to another stable currency, I do day trade using usdt because I think that in case of any problem with usdt exchange will have to be responsible. I just don't advise people to buy usdt and keep it in their wallets, that's a big risk

that is the same way for me, buying USDT for short term only and never let funds stay longer on this risky currency .