Should I trust Tether?

[Clon777]

 

Tether is a cryptocurrency token issued by Tether Limited. The main idea is to provide the cryptocurrency market participants with the opportunity to use a stable digital asset whose rate is tied to the dollar

[wiro212sableng]

17 minutes ago, Clon777 said:

 

Tether is a cryptocurrency token issued by Tether Limited. The main idea is to provide the cryptocurrency market participants with the opportunity to use a stable digital asset whose rate is tied to the dollar

Same as you trust another coin mate, tether just a token that happens to be $1 most of the times. They are not back up by actuall dollar. That's way the website not even guaranteed to be able to be exchanged with dollar.  You can figure out another coins if you wanna to invest. I suggest  USDC which is offered by Coinbase, and then there is Dai which is backed by dollars and has proof to do so.

[Clon777]

 

many freelancers use USDT tokens to save part of their income in a secure digital store that is not exposed to sudden and sudden price fluctuations.

[keyoff1337]

I think you can trust him, if only because he is the best and most valuable coin among the stable ones. also each of their assets is supported by a real American dollar, so I see no reason not to trust them. But still this is everyone’s business and I just expressed my opinion, don’t have to cheat on me for this

[Clon777]

Traders choose Tether, because it has the advantages of all cryptocurrencies - the ability to send almost any amount of money abroad with almost no commission - but at the same time there is no unpleasant volatility, because of which the value of the crypto can change greatly

[D1mkas777]

10 hours ago, Clon777 said:

 

Tether is a cryptocurrency token issued by Tether Limited. The main idea is to provide the cryptocurrency market participants with the opportunity to use a stable digital asset whose rate is tied to the dollar

Yes, you should. USDT is good coin to save your balance 

[nuuuitsjdragon]

There are a few options to Stablecoins just like someone has mentioned above. 

I personally am more invested in Dai/USDC as it’s easier to exchange/deal with them. 

At the end of the day, a real crypto market crash hasn’t happened yet so we’ll see how ‘stable’ everything is when things aren’t that rosy. 

[Mahdirakib87]

Many people choose coin like this. Cause those coin price stable. This is same like fiat usd but it's online token. Many people exchange their coin in tether for doing better in trade. You can trust those coin. 

[Xarv]

I haven't heard of Tether until now, but I believe there is already a stable coin called DAI. 

I think there are too many cryptos out there in the market today, I just stick to a few major coins and couple of alt coins that I believe in their projects.

[iamsheikhadil]

12 hours ago, Clon777 said:

 

Tether is a cryptocurrency token issued by Tether Limited. The main idea is to provide the cryptocurrency market participants with the opportunity to use a stable digital asset whose rate is tied to the dollar

You can use it. But I don't recommend it to store your coins because it's useless. Just use fiat notes if you want a fiat value!

[Clon777]

Dealers say that nobody really cares how much Tether is secured by real assets. Here, by definition, there are no scammers, as in bitcoin. As long as the market needs USDT, there will be demand for them - this ensures the stability of the exchange rate