Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: sarahxia618 on May 29, 2018, 09:14:23 AM

Title: Will the USDT that is suspected of serious oversupply collapse?
Post by: sarahxia618 on May 29, 2018, 09:14:23 AM

Since the advent of USDT, as a function of the stable value of digital currency and trading currency, usdt (https://citicoins.com/tether/) has long been at the forefront of the trading volume of more than one thousand digital cryptocurrencies worldwide, and its influence on the digital currency market is significant and far-reaching. Even today, USDT’s transaction volume is on the rise, as all the currencies in front of it fall.

At the same time, in a decentralized and node-autonomous market, the centrally released USDT and its publishing company, tether (https://citicoins.com/tether/), have always existed in various controversies.

What on earth is USDT increasing release crazily for? Where is the 1:1 corresponding dollar account? How is usdt to be audited? Can USDT's holding users be able to redeem U.S. Dollars with corresponding denominations? What is the relationship between Bitfinex and Tether, is it really behind the scenes of the skyrocketing bitcoin stage? Will the USDT collapse under the suspicious of oversupply?

Title: Re: Will the USDT that is suspected of serious oversupply collapse?
Post by: Deffobit on May 29, 2018, 09:39:26 PM

I don't like the USDT, but I use them. Since bittrex appeared TrueUSD (TUSD) I use it, it more confidence.

Title: Re: Will the USDT that is suspected of serious oversupply collapse?
Post by: owmivmen on June 02, 2018, 03:18:46 PM

so USDT is token stable and follow the price USD? I have never trade using USDT. is token is not affected by the market conditions unstable at this time?

Title: Re: Will the USDT that is suspected of serious oversupply collapse?
Post by: BatBit on June 02, 2018, 03:41:24 PM

Quote from: owmivmen on June 02, 2018, 03:18:46 PM

so USDT is token stable and follow the price USD? I have never trade using USDT. is token is not affected by the market conditions unstable at this time?

It was created for this purpose - to fix the profit in dollars, without transferring funds to Fiat.

Title: Re: Will the USDT that is suspected of serious oversupply collapse?
Post by: altcoingamer on June 09, 2018, 12:10:16 AM

I am definitely scared because this thing will get rekt if any information about any variance of dollars not being backed comes to light. Safe havening into tether is a straight up gamble, and without notice can crash and burn... I know we all like using the shelter of a shelter method to avoid fud, but proceed with extreme caution and definitely dont stay in tether long term.

Title: Re: Will the USDT that is suspected of serious oversupply collapse?
Post by: tamango on June 23, 2018, 09:53:07 PM

I never trust USDT because noone can check if coin is really pegged one by one to dollar.

If I have to change in "FIAT" pegged but remaining in crypto I'm actually using EURN on exchange The Rock Trading. It's really pegged to EUR with the verification of a swifzerland bank.

Title: Re: Will the USDT that is suspected of serious oversupply collapse?
Post by: Third on July 31, 2018, 04:29:32 PM

The number will never be the reason for an altcoins to collapse specially to USDT that is gaining popularity.