Is Tether a Fraud?

[Aanuoluwatofunmi]

Stablecoins are not fraud, we only have to ensure that the ones we are using or in support are the within the most recognized and supported ones, USDT is the best and most reliable stablecoin anyone could find being applicable for use in most instance, we have to know the true value and relevance in the use of this same tether and how its a global stablecoin where all currency pairs exist with.

[NikeFit_7777]

Since the beginning of February, USDT transactions on Tron have grown noticeably, and now their average volume is over 2 million per day. Due to this growth, the number of transactions is approaching the peak observed in January 2023.

P.S. Who has any thoughts on this? OKEX refused to discuss Usdt on the Tron network.

[MrSpasybo]

Stablecoins are not fraud, we only have to ensure that the ones we are using or in support are the within the most recognized and supported ones, USDT is the best and most reliable stablecoin anyone could find being applicable for use in most instance, we have to know the true value and relevance in the use of this same tether and how its a global stablecoin where all currency pairs exist with.

People have different views on stablecoins, some believe in them and others see them as nothing more than scams. I respect the reserve proof that Tether and Circle provide to the community, and these companies are also buying a lot of government bonds, investing in BTC, and providing other services. In the past, I was also worried that Tether did not have enough assets to back the value of USDT, but for now I temporarily trust the value of stablecoins and think that 1 USDT is really backed by $1 worth of assets.

Concerns about stablecoins have existed since their inception, I don't think I want to spend a lot of time worrying instead of focusing on following the market and looking for opportunities to make a profit. Those who don't believe in stablecoins can sell their crypto for cash and hold on while waiting for new opportunities in the market.

[KingsDen]

Stablecoins are not fraud, we only have to ensure that the ones we are using or in support are the within the most recognized and supported ones, USDT is the best and most reliable stablecoin anyone could find being applicable for use in most instance, we have to know the true value and relevance in the use of this same tether and how its a global stablecoin where all currency pairs exist with.

It is not today that I started hearing about the USDT bubble and why has it not bursted. Every year you keep hearing so much rumour about USDT on how the owners are minting more of it everyday. We keep hearing how the government will hunt it down any moment. Yet, the adoption of USDT keep increasing and it can be regarded as the second largest cryptocurrency after Bitcoin. Let's keep watching, but for now I believe USDT.

[Peter90]

By the way Tether was repressed in Canada last year, for example coinbase and others removed the possibility to trade in pairs with USDT. By the way, is there anyone who lives in Canada, how has it affected your trading, since a year is coming up?

P.S. It is very interesting to get an answer to this question from knowledgeable users.

USDT is not regulated in Canada
Canada's authorities are cracking down everything which doesn't follow the rules
for ex. KYC

[Peter90]

It's very scary that Canada prohibits trading USDT, I don't understand where the error lies with USDT in Canada.
Including large markets such as Coinbase which prohibits USDT trading in Canada, perhaps other members have a better understanding of this issue.
Or maybe there are members on altcoinstalks who are originally from Canada, why does this problem occur.

Hi erus
USDT in Canada is not regulated

Neither in the USA USDT is regulated, but since Tether massively finances the US Treasury, authorities have gone easy on Tether

Nevertheless Tether's - regulated - competition are pushing authorities to go after USDT