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!
Though I am not a crypto expert or haven't been long in crypto currency, but I have strong believe that usdt is a reliable stable coin. USDT has come a long way to disappoint people in future. There is nothing that has advantage and also don't have a disadvantages. There is no coin that doesn't have there lapses but putting it out to USDT makes it looks like it's only USDT is the bad one here. If usdt was not so trusted then why has it been the most used stable coin for transaction across the globe. And used as a medium of binance P2P currency for exchange. I see all those things as a speculation and nothing more.