Tether/USDT Security

[mamun777]

The market cap of Tether is around an all-time high, ~ $35 million, #11 overall, and probably will keep increasing. I know there are issues in that it is backed by USD, so they have to maintain physical security, etc.

But what maintains the security of the USDT network, hacking attempts, and so forth? I do not think there is mining like bitcoin mining. Tether layers on top of the bitcoin network using the omni protocol, but does that mean the security can somehow be piggybacked on bitcoin security? Or does it have to do with the number of users on tether, as more ppl use it, the security increases?

[jonathancool220]

If you can conclude then the results will be like this: if Tether experiences a significant price increase then there is definitely manipulation.
Likewise, if Tether drops the price that is not reasonable, then hopefully sell your assets because it is a sign of Tether Collapse.

[Watu_pawon]

really true of what you say, and I also strongly believe that USDT will increase in the future, and it is very good to trade and also invest in the long term.

[Bilqist]

really true of what you say, and I also strongly believe that USDT will increase in the future, and it is very good to trade and also invest in the long term.

yes it will increase if pair with example indonesian rupiah. If rupiah weak compare with USD. so do you still want to HOLD it for long term? If rupiah strong gain you will lose your money.

[kent47400]

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I think your experience better understands me about Tether and that's definitely worth seeing from your writing in this thread.
I hope your writing is not Copy-Paste from anyone else and I will appreciate it for that. Thanks