Is Tether a Fraud?

[Report]

I've read a lot of comments here about USDT being a fraud, and this worries me a lot because I have some USDT stablecoins that I hold dearly. And I mostly use them for trading new and old coins/tokens. 

My question is: is this really going to be that bad for Tether? Some of my friends said not to hold anything in stablecoins, but where else am I supposed to make my tokens into stablecoins?

One of my friends suggested that USDC is a better option due to its regulatory compliance and transparency, while USDT is just more popular.

I also noticed that many people are discussing about Tether being a fraud, it seems like this is a serious discussion so I am sure that this will also broaden our knowledge about stable coins including Tether.

As far as I know, Tether is ranked 3rd on Coinmarketcap and USDC is still far below, but I want to know the exact reason why USDC is recommended as the right coin as a stable coin according to your friend?

[KryptoBull]

I've read a lot of comments here about USDT being a fraud, and this worries me a lot because I have some USDT stablecoins that I hold dearly. And I mostly use them for trading new and old coins/tokens. 

My question is: is this really going to be that bad for Tether? Some of my friends said not to hold anything in stablecoins, but where else am I supposed to make my tokens into stablecoins?

One of my friends suggested that USDC is a better option due to its regulatory compliance and transparency, while USDT is just more popular.

Tether has faced allegations of issuing more USDT than the value of their assets, but no concrete evidence has been found to substantiate these claims. Having been in existence for a decade, USDT is now the largest stablecoin in the market, playing a pivotal role in maintaining liquidity and driving market growth.

While USDC is often touted for its regulatory compliance, it has experienced de-pegging events, unlike USDT. Personally, I have faith in Tether's financial stability and will continue to include USDT in my portfolio to facilitate consistent DCA purchases.

[Bobcrypto]

Is that really @trons? This surprised me a lot because I became one of the Tether coin holders. So, what should I do with my current Tether coin? Should I sell even though I will lose?

I have been trading usdt and holding some, the information regarding Tether(usdt) has not stopped the usdt massive daily trading volumes of about $120b yet some people has concluded that usdt is a scam. Few years ago, Bitfinex has certain issues with Tether but since that time I have not heard any negative outcomes from the disputed case. I don't think the the dispute will lead to usdt crashing as some people are already insinuating.
In my opinion, if the dispute between Tether and Bitfinex exchange has any effects, I think Tether(usdt) would have crashed before 2024. I am still using usdt till today for crypto trading, though this is not a financial advice.

[kai]

As far as I know, Tether is a stable coin that is trusted by all traders and investors, so why is Tether labeled as a fraud coin? I am not sure if Tether is a fraud coin and I am sure that Tether is still the best to be a stable coin in the cryptocurrency circle.
Its market cap is also very large now and is in the top 5 Coinmarketcap worth: $ 124.93B
A very large value in my opinion and perhaps the value of $ 124.93B will continue to increase over time, especially since many members on altcoinstalks are discussing that now is the Bull Run season where all cryptocurrency coins will definitely rise and be green.

[MrSpasybo]

As far as I know, Tether is a stable coin that is trusted by all traders and investors, so why is Tether labeled as a fraud coin? I am not sure if Tether is a fraud coin and I am sure that Tether is still the best to be a stable coin in the cryptocurrency circle.
Its market cap is also very large now and is in the top 5 Coinmarketcap worth: $ 124.93B
A very large value in my opinion and perhaps the value of $ 124.93B will continue to increase over time, especially since many members on altcoinstalks are discussing that now is the Bull Run season where all cryptocurrency coins will definitely rise and be green.

It's hard to say that all traders and investors are fans of USDT, but we can definitively state that it's currently the largest stablecoin by market cap, and it's been around for over a decade. It's not some fleeting idea from yesterday.

Given Tether success and strength within the broader economy, across multiple sectors, there's plenty of reason to have confidence in USDT. I'd even go so far as to say that Tether is too big to fail, and USDT is consistently backed by assets exceeding its value by over $1. Personally, I'm sticking with USDT rather than experimenting with other stablecoins such as USDC, FDUSD or DAI.

[Gurujebs]

While USDC is often touted for its regulatory compliance, it has experienced de-pegging events, unlike USDT. Personally, I have faith in Tether's financial stability and will continue to include USDT in my portfolio to facilitate consistent DCA purchases.

I remembered when that deppeg happened to USDC and everyone was afraid of not seeing what happened to UST should repeat again but the damage was just $42m loss which happened on weekend, the team couldn't solve it until the next Monday and they resolve it immediately and everything went normal again. I like both USDT and USDC.

The best stable coin in my opinion remains Dai, it's decentralized so you don't have to worry about depeg and you don't have to worry about government regulations and last but not the least, you don't have to worry about any government agency trying to restrict your money.

[kai]

As far as I know, Tether is a stable coin that is trusted by all traders and investors, so why is Tether labeled as a fraud coin? I am not sure if Tether is a fraud coin and I am sure that Tether is still the best to be a stable coin in the cryptocurrency circle.
Its market cap is also very large now and is in the top 5 Coinmarketcap worth: $ 124.93B
A very large value in my opinion and perhaps the value of $ 124.93B will continue to increase over time, especially since many members on altcoinstalks are discussing that now is the Bull Run season where all cryptocurrency coins will definitely rise and be green.

It's hard to say that all traders and investors are fans of USDT, but we can definitively state that it's currently the largest stablecoin by market cap, and it's been around for over a decade. It's not some fleeting idea from yesterday.

Sometimes there are Bitcoinists who always believe that Bitcoin is the best digital asset than others, such as the comparison with USDT Stable coins. Like my friend who is in the same community (he is my elementary school friend) who is better at HODLing Bitcoin than USDT. I also still remember the last time I met him when withdrawing coins to Indonesian Rupiah, he sold his BTC, not USDT.

Given Tether success and strength within the broader economy, across multiple sectors, there's plenty of reason to have confidence in USDT. I'd even go so far as to say that Tether is too big to fail, and USDT is consistently backed by assets exceeding its value by over $1. Personally, I'm sticking with USDT rather than experimenting with other stablecoins such as USDC, FDUSD or DAI.

I also see from this position that USDT has many companies or coins that rely on trading pairs with USDT, so I myself am a bit reluctant to say that Tether is a fraud. If I have digital assets of around 10,000 dollars, maybe 5,000 of them are Bitcoin and another 5,000 are USDT.

[Bobcrypto]

As far as I know, Tether is a stable coin that is trusted by all traders and investors, so why is Tether labeled as a fraud coin? I am not sure if Tether is a fraud coin and I am sure that Tether is still the best to be a stable coin in the cryptocurrency circle.
Its market cap is also very large now and is in the top 5 Coinmarketcap worth: $ 124.93B
A very large value in my opinion and perhaps the value of $ 124.93B will continue to increase over time, especially since many members on altcoinstalks are discussing that now is the Bull Run season where all cryptocurrency coins will definitely rise and be green.

I am still wondering why people had labeled Tether as a fraud, imagine that this post has been since 2018, unfortunately many people who had replied this post or commented negatively since OP made this post in 2018 has not seen usdt crashed, it is quite funny that Tether (usdt), since six years is still waxing stronger by the day after all this negative comments.
I think that Tether is not a fraud, it must has been a speculations or hate speech in my opinion.

[Bobcrypto]

As far as I know, Tether is a stable coin that is trusted by all traders and investors, so why is Tether labeled as a fraud coin? I am not sure if Tether is a fraud coin and I am sure that Tether is still the best to be a stable coin in the cryptocurrency circle.
Its market cap is also very large now and is in the top 5 Coinmarketcap worth: $ 124.93B
A very large value in my opinion and perhaps the value of $ 124.93B will continue to increase over time, especially since many members on altcoinstalks are discussing that now is the Bull Run season where all cryptocurrency coins will definitely rise and be green.

I am still wondering why people had labeled Tether as a fraud, imagine that this post has been since 2018, unfortunately many people who had replied this post or commented negatively since OP made this post in 2018 has not seen usdt crashed, it is quite funny that Tether (usdt), since six years is still waxing stronger by the day after all this negative comments.
I think that Tether is not a fraud, it must has been a speculations or hate speech in my opinion.