Is Tether A Reliable Stablecoin Or Is It A High-risk Asset?

[Wiseman]

1 usdt will always be worth about 1 dollar and can't be more, by the principle of its structure. Stablecoin was created so that traders can cope with the volatility of the market, it is a kind of cryptocurrency dollar rather than an investment and it is designed that no one will raise it in value and lower it, yes there are risks, but they are even if you keep fiat currency at home, it simply can depreciate.

[dekafee79]

1 usdt will always be worth about 1 dollar and can't be more, by the principle of its structure. Stablecoin was created so that traders can cope with the volatility of the market, it is a kind of cryptocurrency dollar rather than an investment and it is designed that no one will raise it in value and lower it, yes there are risks, but they are even if you keep fiat currency at home, it simply can depreciate.

Yeah, I have used USDT to cope my asset while market volatile.
Maybe others doing too.
I still believe tether is a reliable stablecoin , not high risk asset.
I think We can keep in USD Fiat, it's also safe. Not depreciate

[Brewmaster]

Tether (USDT) is one of the most widely used stablecoins, and its reliability has been a topic of discussion within the cryptocurrency community. Several factors contribute to the perception of Tether:

**Reliability:**
1. **Market Dominance:** Tether is often the most traded stablecoin and is widely accepted on various cryptocurrency exchanges.
2. **Liquidity:** Its high liquidity makes it a preferred choice for traders and investors.

**Concerns:**
1. **Transparency Issues:** Tether has faced criticism regarding the transparency of its reserves. Questions have been raised about whether it has sufficient fiat currency reserves to back the circulating USDT.
2. **Regulatory Scrutiny:** Tether has been subject to regulatory scrutiny, and uncertainties about its compliance with regulations in different jurisdictions may pose risks.

It's essential for users to stay informed about these factors, conduct their own research, and consider their risk tolerance. While Tether is widely used, some investors prefer stablecoins with more transparent and verifiable backing. As with any investment, there are both potential benefits and risks associated with Tether.

[bitterguy28]

3 years after your post mate , now its proven that Tether is something that we can trust as stable coin and indeed that reliability needs time tobe proven.

I am a sole tether user in terms of stable coin as I don't use any than this coin.

[paid2]

--snip--

**Concerns:**
1. **Transparency Issues:** Tether has faced criticism regarding the transparency of its reserves. Questions have been raised about whether it has sufficient fiat currency reserves to back the circulating USDT.
[b}2. **Regulatory Scrutiny:** Tether has been subject to regulatory scrutiny, and uncertainties about its compliance with regulations in different jurisdictions may pose risks.
[/b]

Yeah people should definitely know that USDT can be frozen anytime, thanks to its nature.

That's why I don't use it, same with USDC. If tomorrow the DEX I use if flagged for having issues with regulators (issues with AML, CTF, or being used by North Korea/other "US ennemies", etc..), my USDT could be frozen and become worthless. I don't trust the regulators and law makers enough when it comes to cryptocurrencies to take this risk. I really prefer to use DAI.

[NikeFit_7777]

There was one piece of positive news that came out today, namely: "Tether, USDT issuer, will actively cooperate with Uzbekistan - plan to jointly develop blockchain technology, P2P and telecommunications infrastructure."

P.S. Who has any opinions on this? Do you still have confidence after such news?

Link to official source: https://tether.to/en/tether-signs-mou-with-republic-of-uzbekistan-to-develop-blockchain-and-peer-to-peer-telecommunication-infrastructure-foster-innovation

[alltalk]

There was one piece of positive news that came out today, namely: "Tether, USDT issuer, will actively cooperate with Uzbekistan - plan to jointly develop blockchain technology, P2P and telecommunications infrastructure."
P.S. Who has any opinions on this? Do you still have confidence after such news?
Link to official source: https://tether.to/en/tether-signs-mou-with-republic-of-uzbekistan-to-develop-blockchain-and-peer-to-peer-telecommunication-infrastructure-foster-innovation

I think it is positive news. Why we aren't confident with USDT? TBH, USDT is the most stable coins I used for my trading activities. So far, I don't see something wrong with USDT, the market caps looks increasing well.

If it may have a new cooperation for the development, it is a good sign for USDT. It means the teams behind this coin are still aware of developing USDT through cooperation with other parties.

[NikeFit_7777]

Those who say that Tether is a great campaign, it's worth it to them and t.c. And how will you react when your wallet with funds( the same company) = blocked. Because they feel like it?

Here is an example of such a situation: "Tether has blacklisted 4 addresses that hold a total of 21,230,000 USDT."It's the same as always, so few questions and so few answers. 

Link to official source: https://twitter.com/PeckShieldAlert/status/1764939314977522158