I'm in crypo world since 2021 only and since then I've noticed a lot of folks talking about Tether as being a potentional scam that may crash the markets one day and I've watched videos from crypto detectives/scam busters such as Coffeezilla and he makes some pretty fair points about Tether being the cryptos biggest scam.
I wanna personally know from people who have been in crypto for little longer than I have and maybe know a few things more or could share their personal view on Tether.
My side question to this would also be: Which type of stablecoin do You find the most credible in the Crypto space?
Thanks in advance for more experienced folks for sharing their insight!
I don't tust USDT beacuse it's too centralised
A lot of cryptocurrencies are not centralised. You'd be surprised, but ethereum also has censorship and some validators may not allow some transactions on the network. Therefore, Tether is not much different from the regular erc 20 token. By the way if you use Tether, there are still no intermediaries in the transaction, like if it was a bank.