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Author Topic: Is Tether a Fraud?  (Read 15887 times)

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Re: Is Tether a Fraud?
« Reply #60 on: March 29, 2024, 02:57:09 PM »
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.

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Re: Is Tether a Fraud?
« Reply #60 on: March 29, 2024, 02:57:09 PM »

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Re: Is Tether a Fraud?
« Reply #61 on: April 09, 2024, 09:48:08 AM »
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.

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Re: Is Tether a Fraud?
« Reply #61 on: April 09, 2024, 09:48:08 AM »

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Re: Is Tether a Fraud?
« Reply #62 on: April 16, 2024, 06:55:35 PM »
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.
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Re: Is Tether a Fraud?
« Reply #63 on: April 17, 2024, 03:08:32 PM »
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.

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Re: Is Tether a Fraud?
« Reply #64 on: April 23, 2024, 08:32:58 PM »
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

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Re: Is Tether a Fraud?
« Reply #65 on: April 23, 2024, 08:39:33 PM »
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

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Re: Is Tether a Fraud?
« Reply #66 on: May 06, 2024, 08:42:39 AM »
Tether has said it will block any addresses associated with sanctioned entities - this comes after information that Venezuela's state oil company is using USDT to circumvent sanctions.

News link: https://cointelegraph.com/news/tether-freeze-usdt-venezuela-oil-sanctions

P.S. On the one hand, it is quite right to show users who are under sanctions. But on the other hand, is this about decentralization?
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Re: Is Tether a Fraud?
« Reply #66 on: May 06, 2024, 08:42:39 AM »


Offline Peter90

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Re: Is Tether a Fraud?
« Reply #67 on: May 06, 2024, 06:30:37 PM »
P.S. On the one hand, it is quite right to show users who are under sanctions.  But on the other hand, is this about decentralization?

So you are saying that it's right for Tether to act as an agency of the US government.
You say it's right for an international currency issued by a private company - which isn't even a US company - to serve the interests of one single government and of one single country (the most powerful one).

The international crypto community ass-liking the US government and their USD



But you care about decentralisation
Using an international cryptocurrency as an instrument of US gov politics is ok,
centralization/decentralization, that's the big issue for you

So between coin A that doesn't serve the interests of any specific country and coin B that does, B is better as long as it's more decentralised than A

Between coin A that helps people to overcome the problem of the devaluation of their national currency and coin B that is used to enslave and tyrannise,
crypto people prefer B because... hey, it's decentralised!
and anonymous!
no KYC!
Cool!

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Re: Is Tether a Fraud?
« Reply #68 on: May 13, 2024, 05:16:31 PM »
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.

There are many misinformation ongoing on the internet and if we are not careful, we are going to have the wrong idea of what shouldn't be, stablecoin is one of the coins that most traders and cryptopreneurs cannot do without because they make use of them before investing on their desired crypto, while waiting or getting ready to invest, they hold their asset in stablecoin to retain it value till they are are ready for investment.

Offline Peter90

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Re: Is Tether a Fraud?
« Reply #69 on: May 13, 2024, 05:30:21 PM »
Ripple (XRP) CEO Brad Garlinghouse saying in an interview that the US Government is coming for Tether.

This is the reply of Tether CEO on X


..............

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Re: Is Tether a Fraud?
« Reply #70 on: May 15, 2024, 08:05:26 PM »
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.

There are many misinformation ongoing on the internet and if we are not careful, we are going to have the wrong idea of what shouldn't be, stablecoin is one of the coins that most traders and cryptopreneurs cannot do without because they make use of them before investing on their desired crypto, while waiting or getting ready to invest, they hold their asset in stablecoin to retain it value till they are are ready for investment.
Tether is now quite strong and is used by large investors. Those who are trading must calculate the profit by exchanging the stable coin from one of the coins. And in this case almost most traders use USDT. And most of the tokens are trading pairs in USDT in every crypto exchanger  Due to this, USDT is now the number 1 stable coin in the world. And it will survive long. so it must be trusted
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Offline Peter90

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Re: Is Tether a Fraud?
« Reply #71 on: May 16, 2024, 09:14:54 PM »
Ripple (XRP) CEO Brad Garlinghouse saying in an interview that the US Government is coming for Tether.

This is the reply of Tether CEO on X

"Tether cooperates directly with law enforcement agencies, while other stablecoins ... require a judge order, allowing hackers, scammers and criminals a long time to move funds around."


What do you think?
Do you like Tether's policy?

Offline smartaction

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Re: Is Tether a Fraud?
« Reply #72 on: October 10, 2024, 03:44:54 AM »
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.

The most reliable of stablecoins is USDT. There are many stablecoins like USDT in the market but I don't trust them because they can be anything at any time for which I always prefer to use USDT. Other stablecoins  Since USDT is a much more reliable coin. I keep the money in USDT and sell USDT to withdraw money when the money is needed.

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Re: Is Tether a Fraud?
« Reply #73 on: October 12, 2024, 02:49:51 PM »
It is unbelievable that many members had negatively expressed their thoughts about Tether (usdt), and it get me wondering why it remains the most traded pairs with allmost all coin/tokens on the crypto market, and a marketcap of about $119.8b.
I think some of the individuals negative expressions has not reflected on usdt daily trading volumes. If Tether (usdt) had some transactions with certain exchanges that was seen as fraudulent, it should have impacted negatively on the firm (Tether) and surpose to had crushed long ago. Obviously, usdt remains the most used stable coins everyday, and I don't think usdt will crash as some people are thinking.

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Re: Is Tether a Fraud?
« Reply #74 on: October 13, 2024, 05:46:25 PM »
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.

 

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