Quote from: ashslm on February 09, 2023, 07:46:27 AM

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!

It's great to see your curiosity and eagerness to learn more about the crypto space! As someone who has been in the crypto world for a while, I can understand your concerns about Tether and its potential impact on the market.

While Tether has indeed been subject to scrutiny and controversy, it's essential to approach the topic with a balanced perspective. While some voices in the community have raised valid concerns about Tether's transparency and backing, others argue that it serves a vital role in providing liquidity and stability to the crypto market.

As for stablecoins, there are various options available, each with its own set of advantages and drawbacks. Personally, I find stablecoins backed by reputable entities or audited regularly to be the most credible. Examples include USDC (USD Coin) and DAI, which are known for their transparency and regulatory compliance.

Ultimately, it's crucial to do your research, stay informed about developments in the space, and make informed decisions based on your risk tolerance and investment goals.