Should we hold money in usdt?

[Bhigdaddyjr]

As a consequence of its stable value, USDT offers a secure haven for your funds in the unpredictable world of cryptocurrencies and protects your savings from significant ups and downs. Because USDT (Tether) is pegged to the US dollar at a 1:1 ratio, it is generally seen as a fairly stable asset. But it's critical to be mindful of hazards like fluctuations in the market, regulatory scrutiny, and counterparty risk. Although it provides some security, investing in different assets is never a bad idea because it carries some risk!
  The US dollar-denominated stablecoin Tether (USDT) was introduced in 2014 and is backed by a reserve of fiat money and other assets. Despite its stability, Tether has been involved in some controversy; in 2021, regulatory authorities fined Tether $41 million for deceiving users about its asset reserves. Despite its controversy, Tether is still generally regarded as a safe investment, particularly when used as a hedge against the volatility of other cryptocurrencies.

[MrSpasybo]

As a consequence of its stable value, USDT offers a secure haven for your funds in the unpredictable world of cryptocurrencies and protects your savings from significant ups and downs. Because USDT (Tether) is pegged to the US dollar at a 1:1 ratio, it is generally seen as a fairly stable asset. But it's critical to be mindful of hazards like fluctuations in the market, regulatory scrutiny, and counterparty risk. Although it provides some security, investing in different assets is never a bad idea because it carries some risk!

The US dollar-denominated stablecoin Tether (USDT) was introduced in 2014 and is backed by a reserve of fiat money and other assets. Despite its stability, Tether has been involved in some controversy; in 2021, regulatory authorities fined Tether $41 million for deceiving users about its asset reserves. Despite its controversy, Tether is still generally regarded as a safe investment, particularly when used as a hedge against the volatility of other cryptocurrencies.

I wouldn't have believed anyone a few years ago if they said Tether would still be around and be the largest stablecoin issuer in the market by 2024, but here we are. Tether has been incredibly successful with USDT and has become indispensable to the market. Tether market cap and profitability give me confidence in USDT value and the overall liquidity of crypto.

USDT has risks, but they're not significant enough to worry me excessively. After all, if we can't trust USDT, it's hard to trust other stablecoins like USDC or USDS. I always keep USDT in my account for DCA. Even people in my country who aren't involved in crypto prefer to hold USDT because accessing $ is difficult here, and our local fiat is steadily losing value against $.

[erus]

It's a tough choice to trust stable coins like USDT because if we don't trust and hodl USDT in the market then we can't buy every crypto coin. For Fiat, it can now be converted to USDT to buy and move funds between markets. Maybe my advice and for myself to hodL stable coins is maybe just 2 between USDT and USDC because both of these stable coins have a very strong market cap and are included in the top 20 coinmarketcap.

[Foden]

Aside from usdt which coin is more stable and efficient in holding . Like usdt is very stable and everyone knows that the coin is reliable and stable. I guess that will surely be bitcoins but bitcoins is kind of running up and down so is it very advisable to buy butcoin this era or usdt cause am holding like 270$ usdt am planning on investing it on bitcoin or should I keep it in usdt that way . It been in usdt for like 8month now and the way I kept it that the same amount I meant just some cent that went missing .
I probably think I will just keep it in usdt for the main time and allow it to stay there rather than risking it . I really agree usdt is a stable coin definitely a stable coin to hold I testify it

[MUGNIA]

I personally keep USDT as an option if the market is not doing well, because I will save the proceeds from selling my assets to USDT and I will buy coins when the market is down,
It all comes back to my thoughts and views on USDT itself in my opinion because each individual has their own comfort when storing their assets

[MrSpasybo]

I personally keep USDT as an option if the market is not doing well, because I will save the proceeds from selling my assets to USDT and I will buy coins when the market is down,
It all comes back to my thoughts and views on USDT itself in my opinion because each individual has their own comfort when storing their assets

USDT offers the quickest way for investors to liquidate crypto assets as a safe haven during market downturns. Prior to USDT widespread adoption, traders were limited to BTC-ALTS pairs, making it challenging to accurately assess their actual profits. USDT has permanently altered this dynamic, enhancing market liquidity through improved investor sentiment.

I also opt to hold USDT when markets begin to decline, positioning myself to acquire more tokens at lower price points. While some may perceive risks associated with USDT, I believe these risks are acceptable given the nature of this market. Tether standing has significantly strengthened over the past decade, allowing me to temporarily set aside concerns about Tether and concentrate on investing and trading.

[KryptoBull]

It's a tough choice to trust stable coins like USDT because if we don't trust and hodl USDT in the market then we can't buy every crypto coin. For Fiat, it can now be converted to USDT to buy and move funds between markets. Maybe my advice and for myself to hodL stable coins is maybe just 2 between USDT and USDC because both of these stable coins have a very strong market cap and are included in the top 20 coinmarketcap.

In reality, we can easily buy tokens via OTC or purchase USDT through P2P and immediately use that USDT to buy tokens without needing to hold USDT. However, I personally always keep USDT in my account to set buy orders for tokens at favorable price zones as part of my DCA strategy.

USDT also helps me avoid the price fluctuations of exchange rates in the market and the devaluation of fiat currency. Many investors worry about Tether collapsing, but that's just a risk. Meanwhile, the market is continuing to grow, and inflation and the devaluation of fiat currency are becoming more severe each day. I prefer to trust USDT more than fiat currency, which can be printed infinitely at the government's will.

[kulkhan]

Stable coin is very implement foe all of us who we are in.   Cryptocurrency market. Some times we saw all market Gose  Down. In Down market we know many people convert his fund in state coin.

And my favourite atable coin is USDT. I am using Usdt as my favourite stable coin. I use usdc, usd,  but mainly i use usdt. And some times i hold my money in usdt. Some exchanger opened staking programme on stable, i also stake some times usdt.

[Bobcrypto]

It's a tough choice to trust stable coins like USDT because if we don't trust and hodl USDT in the market then we can't buy every crypto coin. For Fiat, it can now be converted to USDT to buy and move funds between markets. Maybe my advice and for myself to hodL stable coins is maybe just 2 between USDT and USDC because both of these stable coins have a very strong market cap and are included in the top 20 coinmarketcap.

It is really a tough choice to trusting stable coins, but I think that every crypto enthusiast have no options than trusting stable coins because as the market is volatile, there should be something we can fall back to during bear Market.
Now, many stable coins on the market has maintained stability since they were launched and has gained good trading volume to keep them at the top of coinmarketcap ranking with Usdt standing at the number 3 position and USDC at number 6.
Intact, without these stable it would have been very difficult to confidently trade or invest on crypto coins. The idea of creating stable coins is completely perfect, no doubt it has helped the crypto economy growth. just my opinion

[Mia Chloe]

As a consequence of its stable value, USDT offers a secure haven for your funds in the unpredictable world of cryptocurrencies and protects your savings from significant ups and downs. Because USDT (Tether) is pegged to the US dollar at a 1:1 ratio.

They are actually called stable currencies not because they are literally fully stable like no single shift or fluctuation in price but because they are quite stable relative to a particular fiat currency like the USDT is pegged to the dollar. Anyways, if we are economically trying to be point accurate, they are actually not exactly 1:1 but approximately 1:1.

The idea is there is actually literally not much difference between depositing some dollar in fiat at the bank and  hodling some USDT. Since it's literally pegged to the dollar any inflation or volatility in the economy that affects the regular fiat dollar also simultaneously affects the USDT price.

[JISAN]

In 2021 when BTC reached $15k usdt depegged to 0.86$ Per USDT. In my opinion if you really wants to hold crypto not your fiat money then go for Bitcoin.

Remember US dollar falls under inflation  so usdt also. Bitcoin the mother crypto it won't go vanish untill the system collapse. In fiat currency theres a flaw , everyday we're printing new money. But bitcoin have a limited supply like GOLD. So it's your decision what will you do.

In real life you can hold GOLD , Real state business , In crypto it can be Bitcoin. Choice is your made decesion wisely.

[bitcoin-shark]

Obviously there are no altcoins with 0 risks, probably usdt has liquidity and solvency problems, but if you want to invest with low risks, usdt is an excellent solution, there are cex that give 10%

[Mia Chloe]

Obviously there are no altcoins with 0 risks, probably usdt has liquidity and solvency problems, but if you want to invest with low risks, usdt is an excellent solution, there are cex that give 10%

Low risks ?  Economically the dollar is losing value as time goes by and that simply if you literally have a coin pinned to it then that coin is also losing value as well. Inflation is a general world problem and infact the reason why people are out there searching for a suitable investment is to be able to prevent inflation for affecting their funds or properties.

Hodling USDT isn't the problem but hodling it as an investment like people do HODL bitcoin for long term would be an issue and a minus because of the effects of inflation. Owning USDT is ok if you actually need your funds kept stable probably for spending on something sooner.

[Findingnemo]

Anyone who consider holding any fiat or USD or USDT as investment then they don't even know the very basic  of finance.

I would better have the money in my bank compared to having in the form of USDT and it doesn't provide any security whereas holds every risk associate with crypto assets even more it can be frozen by the issuer. The only use case of stable coins is to hold in short term on exchanges to buy bitcoin and other coins.

[Nheer]

Anyone who consider holding any fiat or USD or USDT as investment then they don't even know the very basic  of finance.

I would better have the money in my bank compared to having in the form of USDT and it doesn't provide any security whereas holds every risk associate with crypto assets even more it can be frozen by the issuer. The only use case of stable coins is to hold in short term on exchanges to buy bitcoin and other coins.

You have a point but actually usdt is a very stable and reliable currency but about the security and that the problem but they are many different ways to have your currency secure and free fr threat or scammers . Usdt is one of the most reliable and stable currencies on crypto market it really dependent . Having a money is account isn’t a bad idea but in cryptocurrency it worth more profitable and reliable.