USDT

falsomovimento

USDT carrying my portfolion rn.

Horror-Badger9314

Never use “convert”. Go at USDT and buy it with BRL. Than buy ETH with USDT.

cryptoproperties

I wonder if anyone here has ever wanted to buy Real Estate with crypto in foreign markets? [ColombiaEstate.com](http://ColombiaEstate.com) makes it possible. You can even buy a Hotel in Colombia! BTC, ETH and USDT are accepted currencies.

CapSnake

Imagine having an app with 900 million active users with a built-in wallet. Imagine every user can send crypto (including USDT) for free to each other. This sub always talk about use cases and fundamentals, but somehow it just have decided to ignore this one.

Old-Level-4460

I use tron when dealing with USDT. They always charge $1 for any amount

uncapchad

The issue is converting from BRZ to USDT which may not use the same calculation for Forex rate of 1BRL to 1US$. All currency conversions carry fees, so the exchange rate you see on Google is rarely the rate you would get if you went into a bank or forex and changed it there. Same for ByBit, they can set their own rate for converting one stable to another and can have many reasons for doing so, especially if there's not a high demand for the BRZ stable or the BRL has high volatility making the BRZ stable less stable :) 4. On Bybit go to the ETH pairs and see what currencies, coins or tokens it trades against. If BRL or BRZ isn't there, then no, you can't buy ETH directly with BRL/BRZ on that exchange. You have to use what pairs they trade or find a crypto exchange where you can directly trade either ETH/BRZ or ETH/BRL

_TheWolfOfWalmart_

Send to your USDT (on Ethereum network) deposit address on Binance. And yes, Ethereum sucks. The gas fees are crazy. Maybe you'll get lucky and catch a $15 fee at some point instead.

igorup

hallo how much % profit must you make to stay profitable after all fees. Let say I buy coin for 0.50 USDT. At what price must I sell it to stay profitable after all fees?

igorup

hallo. im new in house.. how much % profit must you make to stay profitable after all fees. Let say I buy coin for 0.50 USDT. At what price must I sell it to stay profitable after all fees?

igorup

hallo. im new in house.. how much % profit must you make to stay profitable after all fees. Let say I buy coin for 0.50 USDT. At what price must I sell it to stay profitable after all fees?

Xero-Max

Use USDT on tron. Low fees. Don't listen to M0ner0 bag holders.

sandae504

In India we have to pay 10% premium on USDT

Ilovekittens345

- tell the receiving end to make a Binance account and do KYC - tell the receiving end to give you the deposit address for USDT on TRON for their Binance account. - Use your crypto to buy USDT on any of the big exchange, kraken or coinbase and withdraw over the TRON network to the address of the receiver. - The receiving end can then use Binance their P2P market place to sell the USDT for the local currency. There will be "I am buying USDT for local currency" orders on that marketplace. The merchants there have a rating, and a succesrate, and averate responds time. Have them pick one with a high succes rate and good ratings. The USDT on their account will now go in to escrow. The merchant has to send the local currency first. The receivinng party has to wait till they see it on their bank account, and also check if the name there matches up with the name of the seller on Binance. If everything checks out, they can release the USDT.

Dazzling_Marzipan474

They don't. Most use USDT on Tron

uncapchad

So in response to some advice already given, you can withdraw that USDT on the Polygon network **in your own wallet** but you'll still have to bridge it back to ETH network before you can deposit it on Coinbase. You will need ETH in that wallet to bridge it back to the ETH network and gas to send it to Coinbase as they only accept ERC-20 I'm in the UK and that flavour of Coinbase does not trade XLM or XRP. So it is best to check what you are allowed to trade on Coinbase before deciding on a strategy. Any other coin traded on Coinbase, which trades on the USDT pair in Binance, is probably best bet. Stick to L1s unless you're absolutely certain Coinbase will accept those tokens. LTC or SOL. We get ADA here but not sure if it's allowed on the US-flavour.

poops314

I like in a sanctioned country and I’m from an unsanctioned one - crypto is literally a life saver and what I live on. I usually just P2P USDT both ways but I could do it with anything, USDT vendors and rates are usually the most common and competitive.

Scorpiodsu

Use a different network. Withdraw your USDT to Polygon or Solana and it’ll be cheaper. Just make sure you used the right address in your destination wallet.

Delicious-Contact-88

Everyday since 2016. I have a fully automated business where I get paid with whatever cryptocurrency and then swap it for USDT for my daily life, and BTC for my long-term wealth.

uncapchad

If you had sent that USDT to your own personal crypto wallet such as Metamask, you could retrieve by switching from ETH to Polygon Network and then bridging the funds over. You need ETH to do this though because the fee is charged in ETH. Exchanges don't get involved in bridging for customers. There are hundreds if not 1000s of posts just like yours. Since 2021. So don't feel bad, it happens often. I'm guessing that the sender service offered or suggested Polygon first, as the withdrawal fee is lower and often the confirmation time is shorter. Always check that the network being sent out on is the same one the receiver is listening for. Better still, withdraw to your own wallet.

Spoofik

USDT, exchange it for local currency and spend it on everyday needs

Siideral

I bought 5 BTC when they were worth 80. When BTC went to 200 I got into mining. Butterfly Labs. I paid 50% using my 5 BTC. They « tested » my hardware for 3 months. Couldn’t make back more than 1 BTC because difficulty went up too fast. Lost that 1 BTC to Mt Gox… In 2021 when BTC went down 50%, I started DCA’ing back in. In Nov 2021 I decided to reallocate over the top 5 —> I believed in diversification. FTX & Luna back to back, and part of what I had was locked into staking. I sold at 40% loss and took 10k out (needed it at the time). Waited out for the bottom (around 17k?)… Got back into a small BTC 2x contract when it was at 28k. Made 3x my money. I liked the small leverage without risk of liquidation. Knew about the issues but pros outweighed cons in my mind. Then Binance announced they were shutting the products down. 3 days before deadline I converted to USDT. Could not place a new trade before the weekend, and was uncomfortable doing so because i liked the previous product and could not easily replicate. During that week BTC went from 50k to 70k. I was livid. Bought back in using futures, got my first trades wrong, lost 25%. Was finally doing good, first flash crash came, I saw that my liquidation price which I thought was secure, was going up as things crashed. Put in 25% additional margin, didn’t like it though. Things stabilized. Then this past weekend another flash crash, I get an alert when my margin hit 80%, seconds later I was liquidated. Total loss 30k. Opportunity cost of everything I tried since my first purchase 300k-400k. Amazing.

TerranXL

USDT for simplicity. Will figure out the tax implications once we get there.

LIGHTLY_SEARED_ANUS

It supports USDT, it has more USDT tokens available on it than Ethereum (aka liquidity), and it's cheaper and faster to use than Ethereum. That's it. That's all there is to it.

brianddk

> explain where I went wrong You failed to read the manual (coinbase.com/legal)   > I had 40USDT on my sportsbet.io account that I wanted to withdraw. > I went to my Coinbase.com account and had a flick through to find that I can transfer USDT to my Tether address (Now I think this is where the issue may be as I can see it now says ‘Only send USDT ERC-20 to this address) You just forfeited your CB account, or will as soon as the AI runs it's periodic chainanalysis. Terms of service (coinbase.com/legal) forbids sending or receiving funds connected to gambling, drugs, sex, politics, religion, or about a dozen other things. All exchanges have those rules. Kraken / CashApp is still accepting new customers.

Physics-Pool

None. Kucoin with VPN. Don't complete KYC. Buy LTC on PayPal and transfer to Kucoin..sell for USDT then buy and trade at will...on margin..and with every feature you'd expect to have as a freedom loving God fearing citizen of these United States.

JoeYo743

Dude what you already Own is exactly the same. Did your Bitcoin balance go down? My wallet is monitoring Argentina money and other shitty fiat, wanna see my chart? Its totally different than what you see with USDT lmao but the common factor is that our Bitcoin balance is the same. Stop worrying about fiat, worry about increasing your coin balance

CointestMod

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ​ > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > ​ > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Virtual-Baseball-297

I set up too many buy orders that triggered yesterday - it’s not a bad thing I got entries below what I wanted on $ARB for example but I like to have abit of USDT in case we see another drop. Have you been buying ?

Joricano

I mean you don’t pay with stocks when you buy at the store. USDC, USDT is crypto and is like cash. I accept that as payment

xyridfosterlingu9

I dropped a bit more but I am not panicking as I have lots of USDT that I intend on buying the dip with and I also intend on joining promising IDOs like that of Nuklai on Apeterminal.

Shibenaut

During these past few dumps, USDT transfer fees have been ridiculous ($100 USD per). ETH needs to get its fees solved before anybody can take it seriously

CointestMod

* Relevant Cointest topics:[Binance](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_binance), [Coinbase](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_coinbase), [CEX](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cex), [USDT](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_tether). * Relevant subreddits: r/binance, r/Kraken, r/CoinBase, r/Crypto_com, r/DEX, r/ProofofStake. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1c367z0/public_audit_of_xmr_reserves_on_april_18th/kzek9ke/?sort=controversial). Doesn't work on mobile.

Sele81

It’s because I moved a big amount of USDT from my wallet to the exchange and bought WIF at around $4. Literally few hours later the giga dump started. Have to wait it out. But it’s really 100% of the time the perfect timing. I buy and it dumps massive.

Cocopudilent

Alllso, while im thinking about it. I tried the ATM route, but never deposited. I was hoping to purchase a stable coin, but at my local Byte ATM they don’t offer it… they only offer the big boy cryptos… to me defeats the purpose. I want to be able to purchase bitcoin with my USDT when I want to. Not when I put money in… Plus I trade and do futures when I’m on vacation using USDT… not BTC… Hope that makes sense.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ​ > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > ​ > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

crypto_dood

to hear your stories it' just sad. my most stupid thing this year was selling SOL (\~USDT 97) and BNB (\~USDT 420) too early.

Substantial_Bear5153

Also, to expand a litte bit more specifically to your questions: Treat all smart contracts as malicious. For most of them source is not even available. Trust only widely used DEX swap router contracts such as Uniswap. When you sign an approval for eg Uniswap, you store into eg the USDT contract the amount that Uniswap can move from your balance. This can be finite (has to be renewed), or infinite. Allowance approved for a malicious contract can be revoked using revoke.cash; be careful of fakes of this site. It is considered good wallet hygiene to revoke unused DEFI contract approvalls. There is a super dangerous type of message that you can sign which can act as a blank check for further signing anything. Your browser wallet extension (I recommend Rabby) will warn you about this. If signed, the account must is permanently compromised.

IamSam7002

Can the be fake platforms that have been forged off a real platform. I joined a platform from the following link https://www.bigets.vip/download I withdrew once in the amount of $250 and it went through, the second time I tried to withdraw draw it blocked my withdrawal saying for security that I needed to add 3k before making another withdrawal and that the money would be refundable. I did it and the money was added to my flat wallet, I made some trading nodes and tried to withdraw some profit but they only allowed 500 to pass through while the remainder 19,500 was placed back into my account and they stated that Blockchain needed 9,000 to be credited to my account but it would also be refundable and added to my account and then I would be allowed to to finally withdraw a large sum or all of it if I wanted. I did not do it yet because I became suspicious and the I got a email from Bitget supposedly from the follow email address bitgetteamwallet@gmail.com stating the same message I got from the customer service. Notice on Block-chain Dear Bitget User ( 26802), The system detects that you have withdrawn (20,000 USDT). The system has released your withdrawal funds, but due to the block-chain freeze of your wallet address, only passed through (500 USDT). You need to deposit funds ($8,999 or $9,000) into your Bitget to unlock the block-chain in order to receive funds through the block-chain immediately After unlocking the funds, this required amount is refundable You have until (April 19,2024) to do this• If you have any questions, please contact Bitget customer service- Thank Regards, Agent Dave, Bitget Team- 1789 To: samiam700269@qmail-com From: bitgetteamwallet@gmail.com Content: Notice on Block-chain: bitgetteamwallet@gmail.com

falsomovimento

USDT is one if the top gainers today on CDC. Hilarious.

ntnmendes

Hell yes. I always keep some spare USDT for cases like this. Missed a lot of dips before

Jaded-Pineapple-5212

Alts dipping harder because BTC Dominance is up. Check the chart. When dom drops, alts will pump again. This dump was harsh because BTC Dominance went up as well as USDT dominance. Bad combination.

Jaded-Pineapple-5212

Its because they are paired in BTC (Eg. SOL is paired in USDT, ETH, BTC, etc). So when BTC drops, the alts in btc pairs (SOLBTC) will drop. That drop becomes a catalyst to liquidations (as stoplosses get hit) and it causes a dump or crash as some people would say.

Virtual-Baseball-297

Nobody wants a war or death, but another dip wouldn’t be so bad. Hope you get some cash or USDT to fill your boots :)

GoodSamoSamo

Hard for a chain like Cardano to face an outages when it has no block demand and does sub 2 TPS. Like I said, if your chain isn't facing growing pains, your chain isn't growing. That's exactly whats going on with Cardano. ADA been around for 8 years, nothing to show for it. 1 TPS, relatively weak TVL, virtually no DeFi activity, no NFT presence, terrible DEX volume, virtually no stablecoins (not even USDT or USDC), no institutional interest (Grayscale just removed them from their institutional product list and Coinshare Fund Flows show virtually no interest in ADA ETP products), no serious investors or influencers in crypto support it or care about it, etc. The list goes on and on. Cardano is a garbage chain that is run by a sociopath and has a VC arm that is in charge of making ecosystem investments to attract builders - which it has failed horribly.

GoodSamoSamo

Hard for a chain like Cardano to face an outages when it has no block demand and does sub 2 TPS. Like I said, if your chain isn't facing growing pains, your chain isn't growing. That's exactly whats going on with Cardano. ADA been around for 8 years, nothing to show for it. 1 TPS, relatively weak TVL, virtually no DeFi activity, no NFT presence, terrible DEX volume, virtually no stablecoins (not even USDT or USDC), no institutional interest (Grayscale just removed them from their institutional product list and Coinshare Fund Flows show virtually no interest in ADA ETP products), no serious investors or influencers in crypto support it or care about it, etc. The list goes on and on. Cardano is a garbage chain that is run by a sociopath and has a VC arm that is in charge of making ecosystem investments to attract builders - which it has failed horribly.

nutyourself

This is how ALL token contracts work. When you send someone any ERC20 token, say USDC, you are just calling that contract's transfer() function and internally, the contract says: "Okay: Joe's balance was 500, no it's 400, and Jim's balance was zero, now it's 100". When you hear about USDC or USDT having blacklists, that's how it works.. before it changes the internal balances, it checks it's blacklist. Implementing a whitelist would be similar. And yes, the contract would grow as more uses use it. If you have millions of users, you already have millions of entries in the "balance" map. Another array for blacklist/whitelist is the cost of business. Having said all this, I'm sure smarter people could engineer a more sophisticated system that was more gas/storage optmized.

CointestMod

* Related Cointest topics: [Justin Sun](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_justin_sun), [USDT](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_tether), [DeFi](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_defi). * Related subreddits: r/Tronix, r/Tether, r/Ethereum. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1c1v8i8/tethers_weekly_transaction_volume_on_tron_hits/kz899y8/?sort=controversial). Doesn't work on mobile.

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

CointestMod

#Tether Pro-Arguments Below is a Tether pro-argument written by Blendzi0r. > *First published on: \[*[30.09.2021](https://np.reddit.com/r/CryptoCurrency/comments/og1s24/rcryptocurrency_cointest_top_10_category_tether/hewpzqt/)*\]* > > *Last edited on: 19.09.2022* > > # Intro > > Tether (USDT) is a digital dollar – a stablecoin pegged to US dollar. Stablecoins are a type of cryptocurrency with a value fixed to other assets (usually assets outside of the cryptocurrency space, e.g. fiat currencies, precious metals, etc.). Their main purposes are: 1) help investors escape the volatility of the cryptocurrency market and 2) allow investors to buy cryptocurrencies on exchanges that do not offer fiat deposits. USDT is currently the largest stablecoin. \[1\], \[2\], \[3\] > > # Pros > > **It’s the most popular and oldest stablecoin** > > Tether was launched in 2014 as Realcoin and renamed to Tether the same year \[1\]. It’s the first successful stablecoin. For many years, it had completely dominated the stablecoins market and despite the recent growth of other stablecoins, mainly USDC, Tether is still the biggest and most popular stablecoin. As of September 2022, its market cap shrinked against USDC's market cap in recent months, but its volume still tends to be much higher (according to coinmarketcap, on 19.09.2022 it was 12x(!) higher). In fact, USDT’s trading volume is unmatched by any other cryptocurrency. \[1\] > > It is also worth pointing out that more than 80% of stablecoins launched in 2015 are now gone and USDT is still here, despite its bad press. \[4\] > > **It has most trading pairs** > > The market cap and volume speak for themselves – Tether is the most popular stablecoin. There are very few exchanges that don’t accept USDT and all major coins have trading pairs with USDT. Even Coinbase, which is responsible for Tether’s rival stablecoin – USDC, lists Tether on its exchange (since May 2021). \[5\] > > It is also backed by several international currencies and, therefore, allows people in different countries purchase coins that they otherwise wouldn’t be able to get. > > **It was declared dead many times but, just like Bitcoin, it's alive and kicking** > > There are many controversies around Tether. Perhaps the most concerning one is whether USDT has its reserves fully backed. Many critics believe that Tether isn’t fully backed and if many investors were to redeem tethers at the same time, there would be no liquidity \[6\]. Situations when people redeem tokens en masse usually should happen during market crashes. In the last 4 years we had three significant market crashes – in 2018, in March 2020 and in May 2021. USDT survived all of them. > > It has also survived losing almost 25% of its market cap in a short time - from May to July of this year. > > **The latest breakdowns of the reserves is a step in the right direction** > > Tether had been criticized for lack of transparency (and rightly so) for many years. In May 2021, for the first time since 2014, Tether finally gave us an insight into their reserves. The first report was rather disappointing as it turned out that barely 3% of the reserves are made-up by cash. Moreover, 65% of the reserves were made-up by commercial paper and there were no details about the type of the commercial paper. \[7\] > > However, the reports from August and December 2021 looked much better \[8\]: cash and cash equivalents made up more than 80% of the reserves, more than 10% of which were cash and bank deposits, +/- 30% were treasure bills (they are considered very safe assets) and they provided more details – the reports included information about the rating and breakdown of maturity of the commercial paper and certificates of deposit. The reports were on pair with those of USDC. > > **USDT is centralized. But is it so bad in the case of a stablecoin?** > > Decentralization is essential for cryptocurrency. But so is replacing fiat. So is decentralization that important in the case of a stablecoin? > > The fact that USDT is centralized also allowed it to do good things on many occasions. It returned USDT sent to wrong addresses and cooperated with law enforcement officials and blocked/froze addresses that used USDT for illegal activities. \[9\], \[10\] > > ^(Sources:) > > ^(\[01\]) [^(https://en.wikipedia.org/wiki/Tether/(cryptocurrency)](https://en.wikipedia.org/wiki/Tether/(cryptocurrency)) > > ^(\[02\]) [^(https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf)](https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf) > > ^(\[03\]) [^(https://en.wikipedia.org/wiki/Stablecoin)](https://en.wikipedia.org/wiki/Stablecoin) > > ^(\[04\])[^(https://papers.ssrn.com/sol3/papers.cfm?abstract\\\\id=3835219)](https://papers.ssrn.com/sol3/papers.cfm?abstract\id=3835219) > > ^(\[05\]) [^(https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2)](https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2) > > ^(\[06\]) [^(https://www.theverge.com/22620464/tether-backing-cryptocurrency-stablecoin)](https://www.theverge.com/22620464/tether-backing-cryptocurrency-stablecoin) > > ^(\[07\]) [^(https://tether.to/wp-content/uploads/2021/05/tether-march-31-2021-reserves-breakdown.pdf)](https://tether.to/wp-content/uploads/2021/05/tether-march-31-2021-reserves-breakdown.pdf) > > ^(\[08\]) [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > ^(\[09\]) [^(https://decrypt.co/41920/tether-uses-centralized-power-refund-million-usdt)](https://decrypt.co/41920/tether-uses-centralized-power-refund-million-usdt) > > ^(\[10\]) [^(https://cryptopotato.com/tether-freezes-1-7m-in-usdt-stolen-in-yearn-finance-exploit/)](https://cryptopotato.com/tether-freezes-1-7m-in-usdt-stolen-in-yearn-finance-exploit/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ​ > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > ​ > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Inthewirelain

At times, TRON has been the cheapest chain to use USDT on. I've used it in the past for that as I'm buying USDT for GBP and instantly swapping for crypto so it doesn't matter so much to me, but I don't bother with TRON now if I'm using USDT

btcangl

I actually heard from some (offline) crypto friends they were using Tron for their USDT/USDC, still not sure why apparently quite a few people use it on Tron? Guess its in some of the major wallets by default or something?

Minute_Ad_6339

Sorry do you still know how to convert GBP to USDT

monoimionom

So I just read that tether will not be regulated in Europe. So from the 30th June onwards, no european exchange will have USDT trading pairs or what? Source: https://www.thebigwhale.io/article/paolo-ardoino-tether-personne-en-europe-ou-aux-etats-unis-na-veritablement-besoin-dun-stablecoin (french)

coinfeeds-bot

tldr; At Paris Blockchain Week, Ripple CEO Brad Garlinghouse announced plans for a USD-backed stablecoin, aiming to enhance liquidity in the XRPLedger ecosystem and reshape digital payments. Positioned to compete with USDT and USDC, Ripple's stablecoin seeks a significant market share, with an ambitious market capitalization growth projection to $2.5-3 trillion in 4-5 years. Ripple's extensive banking partnerships and the positive market response, with XRP surging nearly 5%, underscore its potential impact on cross-border transactions and financial solutions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Tkldsphincter

Canada has been pretty good at calling out exchanges a year + before they get investigated. I believe they are actually doing their job protecting investors from any fallout. So I actually would caution against USDT. Why they went after DAI though seems like an overshoot.

CoinGate

As few already have mentioned here, Litecoin is cheap and fast solution to use it as a payment method. In fact, from our payment gateway data, LTC is the third most popular payment method after USDT and BTC.

CoinGate

CoinGate Q1 crypto payments report shows that USDT now accounts for 41.4% of all retail payments while Bitcoin’s payment share dipped from 28.30% to 19.6%. Have you used crypto as a payment method?

coinfeeds-bot

tldr; Telegram's TON cryptocurrency has surpassed Cardano in market cap, becoming the ninth-largest cryptocurrency. Its value has nearly tripled since February, driven by developments such as a partnership with HumanCode for digital identity verification, integration with the Telegram ad platform allowing channel owners to earn from ads, and speculation about USDT stablecoin integration. Additionally, the launch of Notcoin, a game within Telegram, has further boosted TON's profile. These advancements have significantly increased investor confidence and market standing for TON. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

OmeleggFace

No worries man. If you look at the fake USDT token address, you can see that there are around 80 holders, with some people having 5 figures worth. If it's a large scale scam, you guys should communicate together (if you're able) and press charges or something.

EquivalentOwn2185

you trade your united states dollars for tether dollars. so you can use your dollars on the blockchain to buy or purchase or trade things. your dollar doesn't work on a blockchain unless it's been converted to a blockchain currency. it's 1$ for 1tether. it's an equal fair trade for a gold backed currency to a crypto currency. the value does not increase or decrease, but it is now 'converted' to the technology required to be utilized on a blockchain for crypto transactions in a crypto environment. basically it turns your dollar into crypto. it's still a dollar. USDC is the same thing. the crypto themselves can be traded & invested in, such as USDT or USDC can be invested in as a source but your money will be secured on a blockchain in the crypto-verse if that makes sense.

OmeleggFace

This is OP's TX: 0x348e32020fe4b31c6ea7f8f6152dd6bfbd36b94b62e0e2a4cdd24c7f20990a53. Seems that OP got this "USDT" token (which isn't Tether USD), and sent it to coinbase. Obviously his balance won't be credited. Now the real question is how OP got this USDT in the first place, because it's junk and not worth anything.

OmeleggFace

This isn't USDT. It's some kind of fake token. Real USDT address is 0xdac17f958d2ee523a2206206994597c13d831ec7

pedro7

You can swap native BTC or ETH directly to USDC or USDT via the Thorswap DEX. I'm planning to do the same as you during the bear, and will probably be splitting my holdings half in USDC and half in USDT.

-TrustyDwarf-

I did this on Algorand throughout the bear market and used USDC/USDT/EURS to DCA into other coins. Ledger HW wallet works flawlessly with all dApps and wallets. I put some of it into stable coin pools and they provided 20-50% APY (and still do) while crypto was constantly falling... yum.. As for safety.. holding the coins in your HW wallet is as safe as it gets. Putting some into pools to earn APY comes with smart contract risk (hacks)...

-TrustyDwarf-

I wouldn't compare USDT to TerraUSD... TerraUSD was backed by Luna. We don't even know what USDT is backed by.

LrnFaroeseWthBergur

If a CEX actually believes in a project, it will provide liquidity for margin trading both ways. If it gives the message "not enough liquidity, check back later" or "this function has been temporarily disabled", that's a clear warning. Keep in mind: 🌟 Solid projects can be longed **and** shorted 🔥 Projects that the CEX believes a lot in can only be shorted ⛽ 'n 💩 Pump 'n dump / dead projects will be unavailable for shorting 2-3 days after listing Another sign to look out for: When Binance - yes, specifically Binance - starts to dole out coupons for fee-less USDT-pairs margin trading, it's time to pull out of margin and bring the funds out of the CEX. Market manipulation is one thing, but the real threat is that big company crashes always follow shortly after Binance hands out these no-fee vouchers.

EffectiveConcern

I coudlnt find your comment in all the downvotes 🤣 But if you are “waiting” for a random person on internet to respond to your flames you should probably think about your life buddy 😄 What does that have to do woth anything? I do actually, not that it matters. And yes you can invest in whatever you wish, nobody here was telling uou you couldn’t. It has been fun, but I don’t plan on spending that long arguing on a thread lol. You might be taking this a bit more seriously than the rest of the ppl here. Be well, invest in USDT, cheers ✌🏻

Deep-Cow9096

I don't know why anyone would use either to go from exchange to exchange after 2017. It's a waste of money. Pretty much every exchange has USDC or USDT or combined USD/USDT/USDC trading pairs. Every exchange supports one or both on various networks beyond base ethereum. Withdrawal fees as low as a fraction of a penny. Trading to LTC or XLM incurs a trade fee. Transferring off exchange will have a withdrawal fee. Then in the destination exchange you'll have to trade for USD/USDC/USDT/BTC so you have the right, trade fee

Alfador8

You're pointing out the cost of decentralization. There are tradeoffs for every design choice. Bitcoin maximizes for security and decentralization, at the cost of throughput. This is the correct design for freedom tech. LATAM's choice to use USDT is because they can't stomach bitcoin's volatility, and isn't really relevant to Bitcoin's freedom enabling capabilities. Again, you can read up on its existing successes in this field, or not.

DrGarbinsky

Already is what? Working as money? with 7 tx/s limit and super high TX fees when it gets busy? What exactly am I ignorant of? LN or custodial solutions don't count either. Latin America's crypto habits are mostly USDT or some other crap stable coin.

fuckoffgetmoney

That took me a minute to read right. But yes, I made out on shorts, and been 100% USDT since morning. Say what you will. I might get priced out on alts, but you won't see me going broke anytime soon either.

FuckAntiMaskers

Kraken emailed to say they'll cease trading of XMR on 10th of May, and after 10th of June they'll automatically trade any remaining XMR into BTC. Curious why they chose BTC as the trading pair and not USDT or USDC

OnlyCleverSometimes

Binance did the same already in February. One month left to remove any XMR from their platform or it will auto convert into USDT.

HippoDance

What if USDT or USDC goes to zero ? Its possible, like what happened to TerraUSD. Need to plan better if serious money.

Appropriate-Talk-735

There is no tax for you when switching over to USDT? Personally I would rather hold other assets when its for more than a few months. ETH should follow so no reason to switch to ETH if you think bull market is ending.

btcangl

> Thanks, that’s what I think too. But it’s hard to plan a good strategy A good strategy would have been to use 1 Bitcoin to buy up other cheap projects that rise 10x when Bitcoin rises. Sell 1 Bitcoin at peaks into USDT. And keep 1 Bitcoin. Profits from altcoins you put back into USDT and buy back Bitcoin when it dips (like to $20k as last year)

_Commando_

They can do that to USDC as its US based but USDT isn't.

coinfeeds-bot

tldr; US Treasury Deputy Secretary Adewale Adeyemo highlighted the increasing use of Tether’s USDT stablecoin by Russia to evade economic sanctions. In his testimony to the Senate Banking Committee, Adeyemo pointed out the challenges posed by cryptocurrencies in hiding identities and moving resources for illicit activities, including terrorism financing. He emphasized the need for the US to strengthen its enforcement regime to prevent such activities as more malicious actors turn to digital assets. The Treasury has proposed reforms to enhance the government's capabilities in countering terrorist financing and ensuring a level playing field for US-based Virtual Asset Service Providers (VASPs). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Rwitre

Economies/businesses run on stable currencies. Can't sign contracts, salaries or get loans priced in a volatile asset. But you can use the asset, Bitcoin in this case, as collateral. A decentralized stablecoin fully backed by Bitcoin, overcollateralized and redeemable 1:1 to the fiat alternative would be great in such a situation. Otherwise businesses or countries only use for Bitcoin will be limited to only holding it in their balance sheets. It's also why USDT and USDC are so ingrained in cryptoworld. Without stablecoins, it all collapses. Now we just need such, but built on Bitcoin, with its decentralized principles, plus onramps/offramps into the fiat economy.

Tkldsphincter

If I'm looking to buy usdt I use NDAX or Kraken to get some XRP then send it CM for USDT. I'm not aware of any other easily accessible platform in Canada for USDT purchases

GoodSamoSamo

did you not read what I said? ADA falls in that 2016-2018 camp. People shitting on it because it actually sucks and has no usage. ADA been around for 8 years, nothing to show for it. 1 TPS, relatively weak TVL, virtually no DeFi activity, no NFT presence, terrible DEX volume, virtually no stablecoins (not even USDT or USDC), no institutional interest (Grayscale just removed them from their institutional product list and Coinshare Fund Flows show virtually no interest in ADA ETP products), no serious investors or influencers in crypto support it or care about it, etc. The list goes on and on. Cardano is a garbage chain that is run by a sociopath and has a VC arm that is in charge of making ecosystem investments to attract builders - which it has failed horribly.

GiverTakerMaker

I have been using BTC as collateral for my leveraged trading since the market bottomed last year. I have been absolutely crushing it. In the prior bear market I used USDT and USD as margin for my shorts. I was only ever averagely to weak as an options trader in the US equity market. Once I singularly focussed on BTC only (and became a yoga teacher) my swing trades are about 90% winners. I would not recommend it to anyone unless you know what the hell you are doing and can afford to make some big screw up when you start however.

LordCambuslang

It reached 73,777 USDT on Binance on 14th March

ScoobaMonsta

So you think not having USDT means that you will miss the dip? Seriously??? My god the people in this sub think they are experienced professionals in this space. Being in fiat or tether is no different. Suggesting that not being in tether means you miss the dip is complete and utter bullshit.

Lazy-Effect4222

There are several types of money. [Fiat money](https://en.m.wikipedia.org/wiki/Fiat_money) does not have any intrinsic value or use value itself and it is not backed by anything(gold etc). It is only valuable because of agreements. It is really a form of credit. [Commodity money](https://en.m.wikipedia.org/wiki/Commodity_money) has value because it’s made from something that is valuable, example would be a gold coin or, as some would argue, bitcoin. [Representative money](https://en.m.wikipedia.org/wiki/Representative_money) has no intrinsic value itself, but it represents something that does, in other words it is backed by something valuable, you are guaranteed you can exchange it to gold for example. In crypto world, stable coins such as USDT are an example of this. Any of these may or may not be used as a [currency](https://en.m.wikipedia.org/wiki/Currency), which means a system of money where certain parties agree that it can be used as a store of value and medium of exchange, usually in a preset region and time span. Most common form of currency is a government issued form of fiat money which also acts as [legal tender](https://en.m.wikipedia.org/wiki/Legal_tender) - a medium of exchange that can be used to pay debts and taxes.

AskMeIfImAnOrange

Uniswap is a DEX (decentralised exchange) as opposed to a CEX (centralised exchange) like Binance, Coinbase, etc. Basically it operates on the blockchain instead of on a company's servers. So there is a higher level of trust with DEX'es. CEX'es use order books. People send their tokens to the CEX and place buy or sell orders for the tokens at the prices they are willing to pay or sell for. Similar to share trading. DEX'es operate using liquidity pools. For a trading pair e.g. ETH/USDT, people who want to contribute to the pool put an equal $ value of both ETH and USDT into this pool. They are called liquidity providers (LP). They earn a proportional cut of the trading fees charged when users buy or sell the tokens. If a user buys ETH, ETH will leave the pool, USDT will enter it and the cost of ETH will go up. And vice versa. People who contribute to the pools take the risk of ending up heavy on one or the other coin and it is a judgement call as to whether it is worth it for the fees earned. The more funds in the pool (i.e. higher liquidity), the less any one transaction will move the price. Anyone can set up a DEX pool, so it is popular with new token launches as they can set up a pair and provide the liquidity for their users to get started. They don't have to convince a CEX to list their coin, there are no set up fees, they are not at the mercy of the exchange's timescales. With a DEX users buy and sell directly from their wallet (e.g. Metamask) so you always hold the tokens and the risk is fully yours. Your tokens are not sitting on someone else's servers and so aren't subject to them being hacked or the exchange suddenly deciding you are a terrorist and lock your withdrawals. Or have them plain steal your tokens and do dodgy shit with them, like FTX. Most CEX'es require KYC which is a problem for a lot of the world, and many CEX'es will only accept users from certain countries. DEX'es do not (currently) require KYC, although the US is trying to change that. As DEX'es operate on the blockchain, you have to pay a blockchain fee for every trade (plus the DEX buy/sell fee). This can get expensive if the chain gets congested and is a common complaint. Etherium fees can get into the hundreds of dollars when things go crazy. Right now a blockchain trade fee is about $15-20. This is a flat fee whether you buy/sell $100k or $100 - it's literally just a fee to the blockchain miners to process a smart contract. So it sucks for small trades. Other blockchains and L2's have lower fees, but ETH is still king at the moment for options and liquidity. Long-story short, with a CEX you are trusting a third-party with your tokens (like a bank). With a DEX, you hold your own tokens in your own wallets, and only trust the DEX'es on-chain smart contracts for a few seconds when you do a trade. Some people would prefer a more familiar system and trust a third-party with their tokens, some people would prefer to hold their tokens at all times. There are pro's and cons to both.

One_Boot_5662

They probably polled crypto users who hold USDT and USDC

MemenaSerena

BTC, ETH; These two most likely; Also as Ripple survived SEC confrontation, they proved that they are solid - So XRP one more; Some exchanges probably - BNB, as Binance most likely can't be taken down; WBT of WhiteBIT, as they survived war in Eastern Europe, has solid chances of staying strong; and USDT - if they don't mess up with their current capital, hard to go down

theultimateusername

Depends on the exchange; some give you the ability to exchange and withdraw fiat directly to your bank account, some give you P2P options. I used to use Binance's BUSD till they winded it down, now USDT seems good. I make a lot of P2P trades too. Also depends on your holdings, a small cap could drop 20x while BTC is considered very stable in comparison. Depends on your goals really.

CarlaCrypto

4-7% Monthly Interest with a Regulated company on BTC / ETH / USDT let me know if interested 🚀🔥💋

Head-Monk9727

Bro I have just under 200m Dogita and have already earned $20 USDT by just holding. Didnt even do anything.

R4ID

> Both those projects look weaker now than they have in previous cycles. Ripple has gone from 300+ Ripplenet customers to 500+ ripplenet customers. with EVM sidechains, The AMM and now the stable coin announcement. its been nothing but growth and improvement from last cycle to this one. that doesnt even include all the devs now developing on the XRPL from last cycle to now. XRP has only grown cycle to cycle. >I meant that another project can come along and improve on what ETH is doing, in turn replacing it. Some are already close. Many already can do what "ETH does" better than it currently, but if they dont get that "name brand" recognition, it wont matter. VHS/Betamax right? >Aside from Bitcoin, I'd say that every single project is replaceable. Others that look too strong to die might become the crypto equivalent of AOL or MySpace. I mean, just looking at the top 10, I could really only see that for say USDT, BNB and USDC. and each would require something catastrophic to happen to their main org. Some sort of major depeg from the stablecoins could shake trust in them and cause problems for sure. and Maybe something crazy happens to Binance which would def hurt BNB. but again, they each require something pretty major to happen to make them not a thing anymore.

DarkSa1yan

Before commenting on something, read the post please... "Some of you may ask about the 10% USDT, I'm always holding some USDT in order not to miss any significant dip/opportunity." We good now?

newtimes7

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Ilovekittens345

For moving USDT? Ofcourse, on BTC you have no control over when your tx gets in a block. It could cost 40 dollars and take 3 days before your omni USDT is there, which is why almost no exchanges support it. Even Binance does not support USDT omni

GMEthLoopring

Especially USDT

Fishherr

Probably Solana if they can keep it to-fucking-gether. USDT if they don’t get investigated for their reserves. USDC BTC & Eth are still the market leaders.

sitwano

just curious, why USDT? Is that to buy any dips?

Sparta89

But you can trade with stablecoins such as DAI, USDC, and USDT