Re: Do You trust Tether (USDT) Stablecoin?

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!

My personal view is that there are 2 stable coins that are the most credible and I personally use both, namely Tether (USDT) and USDC, especially USDT. For example, I want to deposit to an exchange using P2P, I do it with Tether USDT, what else is Tether top 3 coinmarketcap based on Coingecko and CoinMarketCap from I used to use Tether, it's still safe, it depends on which stable coin you want to use, but do your own research

I think USDT is a stable currency and trustworthy. I trade using this USDT most of the time, and also use USDT in p2p transactions. Yes what you said is correct I think these two are the most used and trusted among stablecoins.

Trust me, USDT is a stable coin that has much reputation and value in my country here as it's used for almost everything and when I do gamble on online casino, USDT is the preferable coins as it much stable than Bitcoin and other altcoins in the market. USDT is a coin that have gain popularity because of the big advantage it always get over my local currency as most person also see it as a nice investment coins to get some extra profits as the usdt always beat our currency as a fast rate due to devaluation of ours.