Quote from: oktana on November 22, 2023, 09:56:28 PM

Quote from: libert19 on November 22, 2023, 02:53:17 AM

Quote from: oktana on November 21, 2023, 11:42:52 PM

Quote from: batang_bitcoin on November 14, 2023, 09:54:22 PM

Many still like Tether no matter issues are being thrown on it. With the volume that it has, that only tells one thing and that means that it's being trusted by many. Or not being trusted but because of the volume, they choose to use it instead of any other stable coins.

Quote from: libert19 on November 14, 2023, 01:40:58 PM

Usdc, don't ask for reasons, I just do.

This is the other one that I use these days. I don't know why as well but maybe there's a magnet on it that makes me use it because I have always seen it being said by people.

For someone like me, I have always preferred USDT. I guess it's because this was a common cryptocurrency for payment a couple of years back. And it was my favorite not knowing the things that are possible with it. I have heard that they can freeze your funds (I didn't really know this) and that is disturbing because I don't want anyone having such power over my money. Additionally, I heard that their assets aren't completely backed up, etc. Maybe the USDC is indeed a better choice.

They indeed freeze assets, but it shouldn't be worry for normal users, even USDC freezes assets, so this is something that is similar to all centralized stable coins. Tether publishes transparency report [1] daily, so I'm unsure why they have suspicious status in category of stable coins. I'm gonna seek clarification from forum users.

[1] https://tether.to/en/transparency/#usdt

Great I would appreciate and would humbly learn too. If they freeze assets, how do you mean it shouldn’t be a worry for normal users? How are you defining normal users? I’m a normal user and for the times I’ve used USDT, I have never had any challenges, but then I worry for the fact that someone somewhere has the ability to freeze my USDT. I mean, isn’t this exactly what the traditional banking system does? Considering that it’s the same case with USDC, I may prefer to stick to USDT. However, maybe Bitcoin is really the best after all.

As long as your funds aren't coming from shady sources, I would call you a normal user Tongue