USDT

klimauk

Sell whatever crypto you can and write it off as a loss. Transfer the USDT or USDC to your own wallet or another exchange — maybe Kraken, for example — and this time buy something more liquid and easier to trade.

Normatyvas

Thats what all this about. Many usa companies will issue their tokens. USDT versions, Backed by usa bonds. Many people all around the world will buy those without knowing that they are just buying usa debt.

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Post is by: cryx-Advertising1471 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vzxsl4/etransport_an_interesting_approach_to_realworld/ E-Transport: Bringing Real-World Electric Mobility On-Chain The conversation around digital assets often focuses on things that exist entirely online. E-Transport is taking a different approach by connecting digital participation with physical electric mobility assets. @E\_Transport\_\_ focuses on electric scooters and e-bikes used for rental services across more than 20 cities. According to its official platform, the model covers locations including Miami, Las Vegas, Barcelona, Dubai and Phuket. Turning Mobility Into a Managed Asset One of the interesting parts of E-Transport is that participants are not expected to handle the operational side themselves. The platform says it manages procurement, logistics, city permits, GPS tracking, charging and servicing of the equipment. The transport assets can generate revenue through several use cases: \- B2C: short-term scooter and e-bike rentals for tourists and everyday users. \- B2B: longer-term mobility arrangements for companies and business parks. \- Residential communities: electric transportation integrated into private residential infrastructure. This creates a model where the underlying activity is tied to something people actually use: urban transportation. Why the Operational Layer Matters Owning or participating in a physical mobility asset is only one part of the equation. Keeping that asset available, charged, tracked and serviced is what allows it to generate rental activity. E-Transport says its system uses GPS tracking for individual units and remote motor-locking capabilities. It also describes a reserve fund and insurance coverage as part of its stated protection mechanisms. Another notable feature is portfolio management through Telegram. The platform says users can monitor their portfolio, purchase equipment shares, review history and make USDT withdrawals through its Telegram-based interface. A Different Take on Real-World Assets The broader idea is straightforward: instead of representing an entirely abstract digital asset, E-Transport is attempting to connect digital ownership and management with physical transportation infrastructure. Whether this model can scale sustainably will ultimately depend on real-world factors such as fleet utilization, operating costs, maintenance, regulation and demand in each market. That is what makes E-Transport an interesting project to watch — it is trying to bring digital finance closer to an everyday physical service: getting people around cities. \#ETransport #ElectricMobility #RWA #UrbanMobility *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Forymanarysanar

USDT my country's currency is a volatile joke

Few_Shock8255

I’d split it by use case BTC for holding, ETH feels more like a roadmap bet. For spending I just use a small USDT balance through Oobit and leave the BTC stack alone

Few_Shock8255

I’d split it by use case BTC for holding, ETH feels more like a roadmap bet. For spending I just use a small USDT balance through Oobit and leave the BTC stack alone

Current_Part_3975

is probably the cleanest setup I’ve tried for this. USDT spending through Apple Pay without doing the exchange to bank loop for no reason. Keeps daily payments separate from long term holdings too. Hope this helps!

Current_Part_3975

is probably the cleanest setup I’ve tried for this. USDT spending through Apple Pay without doing the exchange to bank loop for no reason. Keeps daily payments separate from long term holdings too. Hope this helps!

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Post is by: One-Competition-7615 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vzagy8/best_crypto_payment_app_for_spending_usdt_and_usdc/ What are people actually using to spend USDT or USDC day to day? I’m looking for something simple that works from the phone, without cashing out to a bank first every time. Groceries, apps, subscriptions, travel, etc. Any crypto payment app that works well, thanks in advance! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Themoodyone17

The classic "headline rate vs enterprise wall" bait-and-switch is completely real, and it’s why a lot of B2B payment setups feel incredibly predatory. From what I’ve looked into regarding INXY Payments specifically, they seem to be one of the few that actually stick to a flat rate system. Their standard processing structure is pretty transparent; they charge a single transaction fee that stays below 1%, and they don't hide behind setup fees, recurring monthly software costs, or unexpected onboarding premiums. Where the price actually fluctuates for any gateway isn’t usually a hidden platform markup, but rather how you handle your liquidity on the back end. If you are keeping everything in stablecoins like USDC or USDT, your fee stays flat. The numbers only change if you are actively using their automated rails to off-ramp directly into a traditional EUR/USD bank account, since banking partners always add their own clearing spreads. It's definitely worth reaching out to their team for an upfront custom offer based on your specific vertical before handing over your KYB docs, but they are generally much cleaner on pricing than traditional processors.

sirhowy

I pay my rent in USDT, so that and decentralised trading

AcostaJA

It will happen depends how much algo-traders are willing to lose, they're for collecting USDT not Bitcoins

Lowfry

TA only works on symbols traded by many traders/a lot of money. USDT Market Cap Dominance is just a visualizer, but nothing you should apply TA and trade on...

Extra-Effective-2554

This would depend heavily on where I lived and how I paid my monthly expenses. Local currency is usually easier for rent, bills, taxes, and emergency access. USDT may reduce exposure to a weak local currency, but it adds issuer, custody, network, conversion, and account-access risk. I would compare the total conversion cost, local tax treatment, withdrawal reliability, and what happens if the wallet or exchange becomes unavailable. Getting paid in a stablecoin is only useful if you can safely store it and convert or spend it when needed. A mix can reduce reliance on one currency, but it also makes recordkeeping and taxes more complicated.

ScopulyX

I’d probably go with a mix. Local currency for everyday expenses, and USDT for savings or flexibility,

Ramast

You can convert USDT/USDC to Bitcoin or PAXG (Gold) with one click

Significant_Phase467

Wrong. Your income = your cost basis, and your cost basis is not a capital gain. I still wouldn't take USDT as payment though. I'd taks maybe USDC over USDT anyday.

Doritos707

You can buy ETH or USDT from any reputable exchange, send to any reputable wallet, swap to xaut directly on the chain using the ETH or USDT. Viola. And its all legal you can record your own purchases (they are literally public on the ledger/blockchain)

kyuronite

I completely agree on that. If you have a contract and are receiving USDT in place of a salary, then your cost basis of your USDT is based on your pay and the time period that the payment covers. You have something defensible and so if you sell your USDT immediately, you shouldn't be paying anything in terms of capital gains tax. Income tax is another story.

Fomo_Family

Depends entirely on where you live, which is why this thread will split hard. If your currency drops 30% a year it isn't really a question. If you're somewhere stable, USDT adds Tether counterparty risk for no real gain. Thing people skip is stable against what. Paid in USDT while your rent is in euros means you're now holding an FX position you never asked for. That's not stability, it's just a different bet. Also worth checking local tax treatment before saying yes to B. Plenty of places tax it as income at receipt value and again on conversion.

rgnet1

This must be completely false. The cost basis (or acquisition cost as you call it) is the fair market value at the exact moment you receive it as salary. If your employment contract is you provide service for 1,000 EUR worth of crypto (USDT or anything else), then you owe earned income tax on 1,000 EUR and your cost basis on the crypto is precisely 1,000 EUR. Show me Polish law that states otherwise.

OmegaLabs1

The correct answer is C, and the reason is that "paid in USDT" is a great deal right up until you have to explain to a tax office that your salary arrived as a JPEG of a number. Practical version: take enough local currency to cover rent, food, and anything with a due date, because your landlord does not accept a stablecoin depeg as a personality trait. Take the surplus in USDT if your local currency is losing real value faster than you can spend it. The two things people underrate are the exit spread and the paperwork. If your only offramp is one P2P desk charging two percent, that is a pay cut nobody put in the offer letter, and in most places crypto comp is taxed at the value on the day it landed, so a bad quarter means owing tax on money you no longer have.

Civil_Cheesecake439

I’d choose a mix. Local currency for bills and taxes, USDT for the part I actually want to move or spend. I use Oobit for USDT spending so that side is useful but I still wouldn’t take 100% of salary in stablecoins

Impossible_Hold9419

I don’t think it’s automatically 19% just for spending. Usually the salary is taxable when received then any gain or loss depends on local rules. I use Oobit for spending USDT but I still treat the tax side separately

bitcoin_islander

USDT

Prize-Bug-3213

My own currency. USDT adds additional steps - converting to fiat in my local currency.

ScreenIntrepid9688

I’d go with USDT. Especially when you can spend it as easily as local currency. With Oobit, stablecoins can go from your wallet straight to everyday spending anywhere Visa is accepted — that makes the choice a lot easier.

stephenph

The issue is exchange fees and taxes, I need the fair to pay most of my bills at this point, if I was all in in USDT I would have to convert at an avg rate of 1-10%. Less spending power in my pocket. Also each transaction here in the US is taxes so that is another expense. But I would love to have an alternate currency as long as it had privacy built in.

ScreenIntrepid9688

I actually got paid in USDT recently and just spent it directly through Oobit instead of converting it back to my local currency first. Made me realize getting paid in stablecoins is way more practical when you can actually use them day to day

Kindly_Dance_5358

I’d probably take a mix. USDT is useful for saving or moving money around, but I’d still want enough local currency for bills and anything that can’t easily be paid with crypto.

Tyszq

If I received USDT as salary, I would have to pay additional 19% tax when selling or spending it.

Doritos707

For starters select the right coin. Youre selecting Usdc instead of USDT. Second of all make sure youre using the right network dont send ethereum to solana for example

kyuronite

TRC-20 is tron network. OP hasn't specified whether TRC-20 means USDT or TRX or something else. In any case, kraken has TRX which is TRON, going by their post, since they can use coinbase, then they should also be able to use Kraken assuming they're in the USA. Which Kucoin / MEXC / Binance is not available to them (though they should be able to use Binance.US). Buy TRX on kraken, withdraw to personal wallet. If they need USDT on TRC-20 use 1inch or another DEX to swap it to USDT via TRC-20.

llFallenl

This is USDT on the ethereum network. You need to send it back to Coinbase. Then in Coinbase convert it to fiat I think Coinbase supports usdt to usd . Then withdraw it. The ethereum network can be expensive so expect to lose a few $ with transactions and swaps.

OkAngle2353

coinbase the wallet and coinbase the exchange be two different things. You may need to login to your actual exchange acccount and transfer that USDT there in order to off-ramp or you could send that USDT over to something like bitrefill to get you a digital visa giftcard or something.

Opposite_Eagle6323

You must sell USDC or USDT to USD. USDC and USDT are crypto tokens. I don't know about Coinbase but technically you have to sell them to fiat money aka real money.

Heated_Lime

Do not answer any DMs, as they are scams. Swap your USDT to USDC. Then you can send your USDC to Coinbase.

CourtneyHffs

I’d recommend Trust Wallet for a general-purpose mobile wallet. It supports many networks and assets, including BTC, ETH, SOL, XRP, USDT and USDC.

Extra-Effective-2554

The fee is probably the first thing to identify here. A USDT token can sit on a network that charges fees in its own native coin, so the USDT balance itself may not be enough to approve a transfer or swap. Before doing anything, check which network the USDT is on and which coin that network uses for gas. Also check the minimum withdrawal or swap amount, because adding more funds may not make sense for a balance this small. Do not accept offers from people who message you privately, and never share your seed phrase. Which network does the wallet show for that USDT balance?

PatientReasonable348

Pretty sure TRC-20 is the name of the Tron protocol and you are either trying to buy TRX or USDT on Tron, right? If that is the case try doing it on Htx since Justin sun owns both the protocol and that exchange. Just make sure you move the coins out

Sea-Push5285

So tell me, what is the actual link between a chain’s development (SOL/ETH) and its coin price going up? What is their true purpose beyond paying transaction fees? When a chain hits all-time highs across various metrics, how does that performance actually convert into value for token holders? If you use SOL or ETH as collateral to borrow money, the liquidation risk is exceptionally high because they can easily lose 70% of their value within a single year. Staking is essentially just supply dilution—if staking rewards were paid out in USDT, I’d view it differently. Besides collateral and fee payments, why else would anyone buy SOL or ETH? Cut the boilerplate talk about "infrastructure." The Solana chain is a great venue for transferring funds and tokenizing assets, but I can use the network without holding a massive stack of SOL. If you look at it honestly, aren't people just buying SOL, waiting for it to pump to $300, and dumping it onto the next person? The same goes for ETH. BTC has absolute scarcity—something that has never truly existed in human history—which is why it holds value. Meanwhile, SOL and ETH are minted every single day. Furthermore, just pull up a weekly (1W) chart or higher. A real growth asset shouldn't have a chart as ugly as SOL, ETH, or the rest of the crypto market. Look at the charts of actual revenue-generating growth stocks like GOOGL, AAPL, META, or even KO—*that* is what a real growth asset looks like. In reality, SOL and ETH are just trading in a massive range: SOL between $8 and $290+, ETH between $1,400 and $4,900. It’s been six years and they still can't break out of this range, which is terrible. Sure, you can still turn a profit by buying at the bottom of the range and selling on the way up to the peak, but isn't that just buying and waiting to dump it on someone dumber than you?

junkhead_7

>Crypto can survive without ETH, I'm not sure it can survive without BTC. God, I don't really know... the Ethereum blockchain was the first one hosting stablecoins, and I think the crypto space wouldn't be the same without USDT/USDC. So I don't really know if crypto could survive without ETH.

xyrus02

Be sure the USDT is there because you put it there at some point and that your wallet is not compromised. There is a scam where somebody puts a token (for example USDT) on a wallet and then has a bot waiting until you put the native coin (here TON) to pay for the fees for extracting this seemingly free money. The bot will move the TON to the scammers wallet as soon as you put it on there.

stillonyourmind

USDT fees depend on the network you're using, so first check which chain the wallet is on. For example, gamdom transactions can also depend on the network used.

Grouchy-Notice-9951

idk it looks legit, i'd swap it for something more stable like USDC/USDT to really lock it in congrats if you're serious with this post though!

daydreamxoxx

First check which network the USDT is on. You need that chain's gas token, and Gamdom is more of a separate crypto gambling use case than a solution to the fee issue.

pinkechox

The main thing is figuring out which chain your USDT is sitting on, since you need that network's native token to cover the gas. For a small balance like $21.70, the fee can make the conversion barely worthwhile, so I'd compare the network costs first and keep anything like Gamdom separate from the actual wallet transfer.

lovelybittabusiness

No, you need the TON to pay the transaction fees to move or swap your USDT, there's no way around that

Extension-Text1071

sounds like a region restriction thing not a you problem. binance has been weird with certain pairs in ukraine since the regulations changed, might be blocking the direct conversion on purpose try using the spot wallet not the funding wallet, sometimes the swap feature just doesnt show up depending where the trx is sitting. also check if you need to sell for BUSD or USDC first then convert to USDT instead of going straight for it if that still doesnt work you could send the trx to a non-custodial wallet and swap through a dex but then you lose a bit on fees. annoying but at least it gets the job done i had similar issue in poland last year where some pairs just grayed out for no clear reason, support took 4 days to reply and by then i just moved everything to another exchange

ModernCYPH3R

If you’re referring to the sudden rise in bitcoin, I did a deep forensic autopsy on what happened. It’s on my cryptoskeptic org site. Here’s a clip: If you want to know where the actual buying pressure comes from, you have to stop looking at Washington or Tokyo and start looking at the stablecoin minting registries. I tracked the on-chain movement of Tether (USDT, a dollar-pegged stablecoin that serves as the primary liquidity bridge across every major crypto exchange) on the Tron and Ethereum networks. The correlations are unassailable. The meters don't lie. During the exact window that the media was hyping the Japanese carry-trade stabilization, the Tether treasury executed a massive, multi-step minting sequence. I traced a single transaction where the Tether multisig address minted $1.0 billion USDT directly into the treasury issuer account on Tron. From there, this capital was rapidly distributed to Binance in high-volume institutional batches. Within three hours of those transfers, synchronized algorithmic buy orders flooded the Binance order books, driving the price of Bitcoin up in a series of vertical, highly unnatural price spikes.

HeftyAct5412

Cross-border stablecoin off-ramps can get surprisingly expensive once gas, conversion fees, and intermediaries stack up. I tried Stable.com for moving USDT into fiat and liked that the process stayed non-custodial while keeping the fees much more predictable.

ben_edwards1

I can convert any currency to USDT in a very short of time if you’re interested ping me

Turbulent-Land-5664

How do you get a BTC debit card? Theres tons of places where I can get cash with USDT (or C) without any KYC.

Turbulent-Land-5664

I had an unexpected costly event in my life and when I saw our last ATH I made a quick decision to sell some into USDT - and then - after paying my bill I still had a surplus and was able to buy back in and recover my position, which felt reallt great.

Environmental_Load24

I think cross-chain infrastructure is necessary for mainstream DeFi, but bridges are still the weak point once you’re moving meaningful stablecoin volume. On that side, [Stable.com](http://Stable.com) is interesting because it handles USDT/USDC/PYUSD swaps and off-ramps non-custodially across 150+ markets with zero commission and gas fees, which removes a lot of the fee and chain-hopping friction.

JazzlikeDare9102

Not enough capital? Check the stablecoin supply. Over the last 48 hours, USDT and USDC exchange inflows hit multi-month highs. That is sidelined cash moving back onto exchanges.

maxplaincryptoUK

Yeah something's off here, and I'd treat the whole thing as a scam setup rather than just a one-off glitch. A couple things worth checking on that tx specifically. First, look at the actual token mint address involved, not just the symbol shown in the explorer. Real USDT on Solana always comes from the same mint (Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB) scammers will deploy a totally fake token, name it "USDT," give it the same ticker and decimals, and it'll display as USDT in Solscan even though it's worthless. If the mint on that tx doesn't match, that's your answer right there. Second thing, double check the receiving address character by character, not just the first and last few digits. Address poisoning is really common on Solana now, someone sends a tiny dust transaction from an address that looks almost identical to one you've dealt with before (same first/last 4-6 characters), hoping you'll copy it from your history later and send real money to the wrong place. If this person is sending you test amounts unprompted, that pattern fits. And honestly, step back from the transaction itself for a second, the "let me send you $5 first to prove it works" move is a classic trust-building tactic before asking for a bigger transfer. Doesn't matter if that specific $5 tx turns out to be real or fake, the setup itself is the red flag. I wouldn't send or receive anything further from this person, and I definitely wouldn't act on anything they tell you to click or verify through a link they send, always pull up the tx yourself directly on Solscan or the wallet's own history instead of trusting a link someone hands you.

FarlessWesner_24

USDT on Solana is legit - it's the official wrapped version issued by Tether. Just make sure you're actually on the Solana network when you're swapping/transferring it, since people sometimes confuse chain addresses and send stuff to the wrong place.

MyNameIzJeff69

About 2 years ago when transferring money to my girlfriend abroad prior to my move I noticed many platforms would accept crypto and it would substantially cut the cost of the transfer. I started to study the subject, learned about the coins and networks, various hot/cold wallets and basically just reading up on everything I came across. I didn't have any interest in the volatility of certain assets so for me stable coins were the go to. I started to stack and swap from exchanges to cold wallet and found a few nice tricks to minimize the cost of changing networks for certain stable coins and swapping between USDC and USDT. I managed to find a local exchange where my girlfriend could exchange the crypto for local currency and managed to save a substantial amount of money from the transfer fees some of the apps I was using charged. I not have a good routine between a cold wallet to stack and a hot wallet to convert and receive incoming coins from exhanges. I'm now abroad with my girlfriend and I can receive my salary, exchange it to crypto and when I have a substantial amount in my cold wallet I can visit the local exchange to swap my coins for the local currency. I now have started to stake some stable coins as I'm waiting to withdraw bigger amounts and I like the fact I can earn interest with it also instead of having it sleeping in a cold wallet. Crypto became a way for me to get money from point A to B with minimal cost by saving on banking and transfer fees. I enjoy the technology, the apps and everything about sending and receiving. It's like a fun computer game with your money.

Patient_Day7829

So they somehow got loans in BTC? Then sold it for USDT? Then bought BTC back after falling?

m1ke_tyz0n

crypto pumping because of Iran/RF/China dumping USDT for btc alts because tether is about to get wrecked... it's Iran and Russia's payment method for funding Iranian Drones and the Ukraine War I'd read trump's tweet and do your research. [https://www.wsj.com/finance/currencies/crypto-fuelsrussian-shadow-trade-for-weapons-parts-1bfdc1a1](https://www.wsj.com/finance/currencies/crypto-fuelsrussian-shadow-trade-for-weapons-parts-1bfdc1a1)

anonymousopsec1337

now that im looking at it the collateral was 5.1m USDT

Civil_Cheesecake439

I wouldn’t keep almost everything in one stablecoin. I’d still hold some USDT for flexibility but diversify and keep clean records. For spending, I use Oobit so I can pay with USDT from my phone without converting everything at once

Playful_Safe8796

A 4.7% difference on a swap that size is definitely worth investigating. I’d compare the full quote across a few non custodial exchanges before swapping again, including the final amount after fees and slippage. StealthEX is one option you could check for an ETH to USDT quote.

ezpeazy0

Can a kind soul send me USDT on Ethereum? >

Hidden_Holder

If you manage to spend all USDT, it’s okay. But if you need to convert thousands of USDT into your local currency in 10 years, it won’t get you rid of your tax liabilities. On the contrary. It will create a huge problem in declaring where this money came from. In summary, if you want to protect yourself from the devaluation of your local currency, it may make sense. But if the goal was to avoid paying taxes you will need to be very careful when spending these USDT.

chainglance_cm

Definitely risky. USDT being pegged to USD makes it feel "safe," but it doesn't make it invincible. Remember Tether? If not, would suggest you to read up on it. Practically speaking, you should split across a couple stablecoins (USDT + USDC at least) and across chains too, if you want to be extra careful. If the headache of managing multiple stablecoins/chains is a concern for you, something like DeBank or Chain Glance helps keep track of it all in one view instead of checking five wallets. Ultimately, weigh in the risk of avoiding tax now to save some money against losing it all due to some random BS (happens a lot in crypto).

Ok_Reputation9512

I'd keep the USDT savings, but diversify into some other crypto here at the bottom of the bear with, say, 20%. Some Eth, Sui, Litecoin, and Solana could turn a nice profit for you over the next year or two.

sam-sung-sv

Then it is safe to have USDT

zampe

You already have a tax liability, keeping it in USDT to avoid paying taxes is likely a crime. Keeping it in USDT after you pay taxes is another question that others have already answered.

ZealousidealMonk1728

Keeping it in USDT is fine short to medium term but not long term. I would convert some of it to Bitcoin right now considering we are likely close to bottom. You can also convert some of it to PAXG or XAUT (gold stablecoins). If you want you can also invest in tokenized stocks but that's a bit more complex and requires some research. Ignore the comments in here. They mostly come from people in the US who have no understanding of the realities in the outside world.

quintavious_danilo

How is he supposed to buy USDT at 16yo without KYC on an exchange?

Django_McFly

It's *a* risk, but too risky is up to the individual. I live in the US. USDT = my local currency but with more risk. I have to be getting good yield for it to make sense to go stables rather than dollars. If I lived in a country where the local currency was shitting the bed vs the dollar and I got paid in dollars, I might think differently about it. If you "diversify" into other stables, at best you're going into the one that depegged like a year and a half ago (USDC) or one that has been stable but has only been around for a year or two like USDS or USDE. If you're diversifying for safety, I don't know how much it helps to move your money into riskier assets.

rosakelly21

\> The reason is that converting it creates a tax liability, while my local currency continues to lose value. So USDT feels like a way to preserve USD value. And hiding your money in USDT from your government creates a criminal liability, which is much worse than a tax liability. In most countries on earth, if you worked a job and you got paid, it is considered income and it doesn't matter if you got paid in cash, grapes, or hookers. If you got paid, it's income. USDT is slightly better than putting your money under your mattress if it gets some interest each year. But at the end of the day, you need to invest the money and have your money working for you in some way.

Discokruse

USDT is a dollar denominated corporate bond for the CeX Bitfinex. Good luck with your risk management.

Sookkhuii

i do actually agree that keeping your income in USDT is not as risky as before, but i think the main problem here is the taxable income, in the future if you want to off ramp it into your own currency during times of need and in bulk its definitely gonna be questionable, i would suggest to off ramp some of them when you can into a stronger currency if your own currency is not as strong as investment income etc, just my 2 cents

Budget-Reception1305

Reasonable as a stopgap, risky as a long-term strategy. USDT tracks the dollar, but you're still exposed to counterparty risk (Tether's reserves/solvency), issuer/regulatory risk, and platform/custody risk — all concentrated in one asset. It's not the same as holding actual USD. Practical diversification: Split across stablecoins (USDT + USDC, maybe DAI) to reduce single-issuer risk Move a portion into actual USD (bank account abroad, or a fintech like Wise/Revolut if accessible Consider short-term T-bills or a USD money market fund if you have access Keep only working capital in hot/hardware wallets; rest in more boring, regulated instruments Not financial advice — but "100% in one stablecoin" trades currency risk for concentration risk, which isn't really solving the problem, just relocating it.

Ribhavmodi

Not advice, just my honest reaction, but concentrating almost all your savings in one stablecoin issuer is worth taking seriously regardless of which one it is. USDT specifically has a real history of scrutiny over its reserve composition and attestations, not saying it's about to collapse, it's been remarkably resilient through multiple stress tests, but "widely used" and "zero counterparty risk" aren't the same thing, and right now your entire savings rides on one company's claims about what backs the token. The simplest fix, and probably the one closest to what you're already doing tax-wise, is just splitting across a couple of reputable stablecoin issuers instead of one. USDC alongside USDT cuts single-issuer risk meaningfully without changing what you're actually holding in kind, still dollar-pegged, still not your local currency, so it likely doesn't change your tax situation any differently than holding USDT alone does, though I'd genuinely confirm that with someone who knows your specific country's rules rather than trust a Reddit comment on it. Slightly less obvious option, and disclosure since it's relevant, I work at Fensory, tokenized short term US treasuries are worth knowing about too. Same basic USD preservation goal you're already going for, but the thing backing it is US government debt rather than a private company's reserve claims, different risk profile than a stablecoin issuer, and it pays some yield on top instead of sitting flat. Important honest caveat though: moving into a genuinely different asset, not just another stablecoin, is much more likely to actually count as a taxable disposal event in a lot of jurisdictions, the same concern you already have about converting to local currency. So it might not sidestep your tax problem the way staying in USDT currently does, worth checking that specifically before assuming it does. Given it's your actual savings and it's a cross-border tax question on top of an investment one, I'd genuinely put this in front of an accountant who's dealt with crypto income before spreading anything around, that's a real conversation worth having with someone who knows your country's rules specifically, not something to fully resolve from strangers on Reddit.

SeriousGains

What’s the benefit of holding USDT? The tax liability on conversion should be de minimis unless you’re already evading taxes on your income, in which case this topic is moot point.

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SSD200

It’s a feature, not a bug. Who’s stopping us from turning DOGE into a stablecoin like USDT? Someone (we know who) could simply buy up a huge chunk of the supply and set the price at 1 DOGE = $1. A decentralized stablecoin. DOGE isn’t a memecoin - it’s **MONEY**.

chungkingexp

Mix coins => Swap new coins to Alts=> Swap alts to USDT/USDC.

Current_Part_3975

Crypto is getting closer when it becomes easy to use in normal life. Oobit is a good example of that for me, simple USDT payments from my phone without overthinking it

MinimalGravitas

There are plenty of legitimate ways to donate to public goods onchain, but I don't think any memecoins would be included in the list. Gitcoin, Giveth and Octant are all platforms I've used in the past and continue to trust. They all work in different ways and are worth learning about from a perspective of interesting tech solutions to democratizing funding what matters, even if you don't plan on using them yourself. I don't really see why making a charitable donation through part of the fees for a memecoin makes sense, compared with just donating all that you want to give, it seems unnecessarily convoluted, and there is clearly a risk of the creator just keeping everything. Lots of people in crypto are pretty generous. Gitcoin alone has had 5 million donations, from 270,000 people through its quadratic funding rounds, totalling over $60 million. Crypto users also donated a pretty huge amount to Ukraine when Russia invaded, about $29M in ETH, almost $23M in BTC, and roughly $12M in USDT, though that was mostly direct donations rather than through any particular smart-contract platform.

VanillaLeft4792

And from Gemini: Argentina: Stablecoins account for over 60% of all local cryptocurrency exchange volume and a significant percentage of retail financial activity. Roughly 1-in-3 Argentines use digital dollars (predominantly USDT) for regular peer-to-peer payments and inflation hedging. Total crypto volume accounts for roughly $90B+ annually, well over 1% of the country's $600B GDP. ​Nigeria: Driven by steep naira devaluation and strict capital controls, stablecoins account for nearly 90% of Nigeria's digital payment flows. Over $90B in on-chain value flows into the country annually—representing nearly 20% of Nigeria’s GDP—with local businesses heavily utilizing stablecoins for international trade and inventory imports. ​Turkey: Facing historic lira inflation, over 50% of adults hold or transact in crypto assets. Stablecoins function as a primary yield-bearing alternative and savings tool to hold parallel U.S. dollar balances. ​Mexico: Stablecoins capture roughly 8% of Mexico's cross-border remittance corridor (one of the largest in the world).

Wise_Owl3777

The integration of **Flare Network** and its synthetic token, **fXRP**, introduces a powerful dual-incentive engine that systematically locks up billions of XRP tokens. Instead of sitting dormant as plain capital, it transforms XRP into **productive, high-yield institutional collateral** without modifying the core XRP Ledger (XRPL). \[1, 2, 3\] # 🔎 The Core Problem Flare Solves The XRPL is phenomenally fast and secure for transactions, but it does not support complex, Turing-complete smart contracts. Historically, if a tier-1 bank or corporate treasury held $500 million in XRP, that capital sat entirely idle. \[4, 5, 6\] [Flare Network](https://flare.network/) acts as the programmable, EVM-compatible layer for the XRPL. Through its **FAssets protocol**, it safely ports XRP's massive liquidity into the decentralized finance (DeFi) and options markets. \[5, 7, 8, 9\] # 💡 The Mechanics of the Institutional Lockup The lockup of billions of XRP via Flare does not happen through artificial corporate rules; it is driven by mathematical protocol incentives and institutional custody: \[10\] * **The Over-Collateralized Minting System:** To create 1 fXRP on the Flare Network, a user or institution must deposit 1 physical XRP into a secure, trust-minimized smart contract vault on the XRPL. Crucially, independent network agents must back that minting process by locking up extra collateral (in FLR tokens or stablecoins) to insure against market volatility. This means every single circulating fXRP represents native XRP locked permanently on the base ledger. \[11, 12, 13, 14, 15\] * **Enterprise-Grade Onramps:** Major institutional digital asset custodians, such as [Hex Trust](https://flare.network/news/flare-expands-institutional-access-to-fxrp-minting-and-flr-staking-with-hex-trust), provide direct corporate gateways to mint fXRP. This allows large hedge funds and banks to safely put their XRP to work within regulated, high-compliance environments. \[1\] * **The "One-Click" Treasury Vault:** Historically, bridging crypto assets was logistically complex and legally risky. Through modern infrastructure updates like **Flare Smart Accounts (FSA)**, institutional platforms can commit capital to yield vaults in a single transaction directly from cold hardware storage. Corporate treasuries (such as *VivoPower* and *Everything Blockchain Inc.*) have deployed hundreds of millions of dollars into this "XRPFi" framework to extract passive yield. \[1, 6, 7, 16, 17\] # 📊 Where the Locked XRP Flows Once native XRP is converted into fXRP, it is absorbed into major multi-million dollar liquidity sinks across the broader crypto economy, removing tokens from active market circulation: * **Institutional Stablecoin Vaults:** Millions of fXRP are locked into massive lending vaults on decentralized protocols like Morpho Blue, acting as pristine collateral to borrow institutional stablecoins like [Ripple USD (RLUSD)](https://ripple.com/products/stablecoin/) and USDT. \[18, 19\] * **On-Chain Options & Hedging:** Platforms like [Derive](https://cryptopotato.com/big-win-for-xrp-holders-on-chain-options-arrive-via-flares-fxrp/) accept fXRP as collateral for institutional traders to execute portfolio margin strategies, write options, and hedge their spot crypto exposure without moving their assets onto centralized exchanges. \[9, 11\] * **DeFi Money Markets:** Over 80% of all minted fXRP is deployed inside decentralized applications to supply automated liquidity pools, further tightening the liquid circulating supply. \[20\] # 📈 Structural Economic Impact |Mechanism|Operational Layer|Impact on XRP Market Supply| |:-|:-|:-| |**FAsset Minting**|XRPL Smart Vaults.|**High Deflationary Pressure.** Pins native XRP supply 1-to-1 behind synthetic tokens.| |**Treasury Allocation**|Public Corporate Balance Sheets.|**Long-term Lockup.** Takes massive, multi-million dollar corporate blocks off the secondary market.| |**Derivatives Collateral**|Decentralized Clearing Pools.|**Supply Absorption.** Ties up millions in capital to cover options margins and lending risk.| # ➡️ The Bottom Line Flare and fXRP change the game by making the token **productive**. While Ripple's ODL uses XRP as high-velocity, 3-second transactional gas, Flare operates on the exact opposite spectrum: it encourages institutions to freeze their XRP long-term inside smart contracts to maximize treasury yield. Combined, these two dynamics squeeze the open market from both sides. \[1, 16, 17\] Would you like to examine the exact **yield percentages** corporate treasuries are capturing through fXRP, or look into the security features of the **Flare Data Connector** that prevents bridge hacks? \[19, 21, 22, 23\] \[1\] [https://flare.network](https://flare.network/news/flare-expands-institutional-access-to-fxrp-minting-and-flr-staking-with-hex-trust) \[2\] [https://cryptorank.io](https://cryptorank.io/news/feed/26358-xrp-utility-explodes-as-107-m-fxrp-gets-locked-on-flare) \[3\] [https://flare.network](https://flare.network/news/flares-xrpfi-long-term-strategy-programmable-financial-infrastructure) \[4\] [https://flare.network](https://flare.network/news/introduction-to-xrp-defi) \[5\] [https://cryptonews.net](https://cryptonews.net/news/defi/31815799/) \[6\] [https://flare.network](https://flare.network/news/one-click-defi-vault-xaman-flare-smart-accounts) \[7\] [https://flare.network](https://flare.network/news/flare-and-dcent-bring-one-flow-institutional-yield-to-xrp-holders-worldwide) \[8\] [https://hackernoon.com](https://hackernoon.com/how-flare-network-finally-unlocks-xrps-$200b-defi-potential-through-revolutionary-fassets-system) \[9\] [https://cryptopotato.com](https://cryptopotato.com/big-win-for-xrp-holders-on-chain-options-arrive-via-flares-fxrp/) \[10\] [https://ng.investing.com](https://ng.investing.com/analysis/xrp-etf-inflows-reveal-a-bullish-divergence-the-price-has-not-priced-in-217330) \[11\] [https://pluang.com](https://pluang.com/en/news-feed/flare-mungkinkan-pemegang-xrp-perdagangkan-opsi-dengan-fxrp-sebagai-jaminan-di) \[12\] [https://www.youtube.com](https://www.youtube.com/watch?v=9oqVbRm2NiY) \[13\] [https://cryptobriefing.com](https://cryptobriefing.com/flare-fxrp-options-collateral-derive/) \[14\] [https://www.bitget.com](https://www.bitget.com/academy/flare-network-fassets-fxrp-xrp-defi-launch-2025) \[15\] [https://app.dealroom.co](https://app.dealroom.co/news/feed/flare-integrates-native-xrp-into-wallet-enabling-defi-access-via-trustless-fassets-protocol) \[16\] [https://flare.network](https://flare.network/news/vivopower-flare-deploy-xrp-institutional-yield) \[17\] [https://flare.network](https://flare.network/news/everything-blockchain-xrpfi-treasury-yield) \[18\] [https://www.coindesk.com](https://www.coindesk.com/tech/2026/02/03/embargo-1-pm-utc-xrp-holders-can-now-earn-yield-or-borrow-against-fxrp-without-selling-their-holdings) \[19\] [https://memeburn.com](https://memeburn.com/xrp-defi-lending-rlusd-fxrp/) \[20\] [https://flare.network](https://flare.network/news/beyond-flaredrops-flr-enters-operational-utility-era) \[21\] [https://flare.network](https://flare.network/products/fassets) \[22\] [https://flare.network](https://flare.network/news/top-3-takeaways-from-messaris-flare-pulse-report) \[23\] [https://medium.com](https://medium.com/@j.razo7869/is-evernorth-about-to-ignite-flares-biggest-breakout-yet-the-hidden-xrp-to-fxrp-connection-20d14c970046)

Brave_Roof182

I am not working on a trading bot but a simple APP that looks at two trading bots, in my case Kucoin where there is a Spot and AI Spot trading bot. Every 15 minutes it checks the progress and although I invested almost nothing in it £ 52, (USDT 35 in each), it is more fun to see how these trading bots work. The APP is called the £52 Billionaire Fund :) It is for personal use, and saves me logging in Kucoin everytime. I can add trading using an API but in this case it is READ ONLY mode.

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Post is by: EpicPanda404 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vpvvj4/i_audited_drprofits_own_vip_telegram_history_from/ I’ve followed DrProfit’s content for a while, and one thing that always stood out to me is how often previous predictions are later described as having played out “perfectly,” “exactly as predicted,” etc. I wanted to know what the record actually looked like **without relying on screenshots selected after the fact**, so I decided to do something a bit more systematic. I then fed everything into ChatGPT and asked it to audit the posts chronologically. The important part is the methodology: **A prediction gets frozen at the moment it was made.** Later explanations aren't allowed to change: * the target * the timeframe * the conditions * or what was originally expected Then I checked whether he: 1. hit the prediction, 2. partially hit it, 3. missed it, 4. explicitly invalidated it beforehand, 5. or later described it differently from how it was originally presented. For several of the major predictions I also checked the actual subsequent market outcome. This produced a much more nuanced picture than I expected. # The short version After going through the archive, my conclusion is: **DrProfit is clearly not someone just throwing random predictions at the wall.** There are some genuinely impressive calls in the history. At the same time: **the retrospective version of his track record is noticeably cleaner than the actual real-time prediction history.** Those are two different statements, and both appear to be true. # Some of his strongest calls # 1. Early-2024 Bitcoin bull-market call — very good On February 18, 2024, after Bitcoin broke approximately $48.5k, he became extremely bullish and described it as the beginning of the major bull phase. BTC subsequently went through $70k, $100k and eventually much higher. This wasn't a vague “Bitcoin will go up eventually” call. He identified a specific breakout level and changed his stance accordingly. **My audit score: 9/10.** # 2. September 2024 Fed 50 bps cut — excellent In August 2024 he repeatedly argued that Powell would cut **at least 0.50% in September**. The Fed then cut exactly **50 basis points** on September 18. This is one of the cleanest predictions in the entire archive because: * it was specific, * it had a deadline, * and there was no way to reinterpret it afterwards. **10/10.** He deserves credit for this one. # 3. June 2025 BTC $120k–150k forecast — strong hit On June 29, 2025, he said Bitcoin could reach roughly: **$120,000–$150,000 over the next few months.** BTC subsequently entered that range and eventually traded above $120k. Because his forecast was a **range**, I don't think it's fair to say it failed simply because BTC didn't reach $150k. The lower part of his stated target was reached. **9/10.** # 4. $115k–125k BTC short zone — probably one of his best trades This is one of the more impressive parts of the archive. During August/September 2025 he gradually: * sold spot, * moved into USDT, * and built BTC shorts inside approximately **$115k–125k**. By September 14 he stated that he was effectively: **100% shorts/USDT and 0% spot/stocks.** BTC eventually topped around the upper edge of that area before falling significantly. As a **trading zone**, this was extremely good. **9.5/10.** # But there are significant misses too # ETH $10k–14k prediction This is probably the clearest failure I found. On July 23, 2024, he published a very specific ETH roadmap: * **Q3 2024:** $4,500–5,500 * **Q4 2024:** $5,500–8,000 * **Q1 2025:** $5,500–8,000 * **Q2 2025:** $8,000–14,000 He also explicitly expected: **ETH $10,000–14,000 within one year.** That simply didn't happen. ETH remained dramatically below those targets through the stated periods. Later ETH eventually reached approximately $4,800 in 2025, and that move was heavily celebrated as another successful ETH prediction. But here's why maintaining the original record matters: Calling $4,800 successfully later **does not retroactively make a $10k–14k one-year forecast correct**. Those are different predictions. **Original ETH forecast: 2/10.** # February 2025 ETH call In February 2025, around roughly $2.1k–2.7k ETH, he said February, March and April were ETH's strongest months. He was confident enough to effectively say: **“In two months we will find out.”** ETH instead remained weak and went lower. The bullish thesis was subsequently extended further into 2025, and ETH did eventually rally strongly later. So directionally the longer-term bullish idea eventually worked. But the **specific two-month timing didn't**. I'd score this around: **4/10.** This is an important pattern I've noticed: **His directional instincts can be substantially better than his timing.** # The 2026 recession / stock-market crash call This is probably the single most important failed macro prediction because it had a hard deadline. In September 2025 he argued that a major recessionary / 2008-style crash was coming. More importantly, he didn't just say “eventually.” He said the market had: **maximum time until Q2 2026 — approximately May/June — before the recession broke wide open.** He was still pointing toward June 2026 as the important crash area in May. That deadline passed. The massive crash described in the original prediction did not occur within the stated window. That makes this fundamentally different from saying: > The original prediction was falsifiable. And based on its original terms: **1/10.** The crisis thesis may still eventually prove correct. But if it happens later, that doesn't make the original **“maximum May/June”** prediction correct. That's exactly why I froze the predictions before judging them. # The $145k–150k BTC controversy is more nuanced than I initially thought This one surprised me. At first I thought I had found a pretty major contradiction. On August 24, 2025 he said he expected: 1. a September BTC correction, 2. followed by another rally toward roughly **$145k–150k**. Later he became extremely bearish and described \~$120k as the cycle top. That sounds like hindsight rewriting. Except when I dug deeper into the archive, I found something important: **he actually did publicly cancel the $140k thesis before the later outcome.** By September 10, the $140k move had already become only one possible scenario after the expected $90–94k correction. And on **September 26**, he explicitly wrote that circumstances had changed and: **the $140k target was invalid.** So I don't think it's fair to call this a fake prediction or contradiction. A trader is allowed to change his mind when information changes. In fact, that's usually what a trader *should* do. # But there is still a problem with how this gets remembered later Later he summarizes 2025 roughly as: > That's not completely false. He did pivot and position for the top. But it leaves out an important part of the history: **only weeks earlier, he himself had also been expecting $140k–150k.** The full history is therefore: **bullish $145–150k target** **→ conditions deteriorate** **→ target becomes conditional** **→ target explicitly cancelled** **→ full bearish pivot** **→ $115–125k becomes the major short/top zone** That's actually pretty good adaptive trading. But: > would be a much cleaner story than what really happened. And this distinction is probably the biggest thing people should understand about his content. # Another interesting example: the 2022 $18k BTC bottom DrProfit frequently references his legendary \~$18k Bitcoin bottom call. And to be fair: **it was a good call.** During 2022 he repeatedly bought BTC around $18–20k and called the area the bottom. BTC eventually bottomed around $15.5–16k. Calling $18k from dramatically higher prices is still an impressive macro call in my opinion. I'd personally score it: **7.5/10.** But the complete archive contains another detail I almost never see mentioned. On **June 13, 2022**, while BTC was collapsing, he wrote that although he had previously predicted $18k: **he no longer believed in $18k because too many people were now calling for it.** He subsequently changed his mind again and returned to the $18k thesis. Later he repeatedly bought there. Again: there is nothing inherently wrong with changing your mind. But saying years later: > makes the path sound considerably more linear than it actually was. # Altseason is another case where the reality was more nuanced In December 2024 he strongly announced that: **altseason had begun.** At first I assumed this was another bad call because of how badly many alts subsequently performed. But after checking the market at the exact time of the prediction: he was actually pretty justified. Altcoin-season metrics were very high in early December and many major alts were outperforming BTC. So the original **“altseason is happening now”** call was fairly good. Where it became weaker was the expectation that this would continue into a much larger sustained cycle. I'd give the original call around: **7/10.** # So what is DrProfit actually good at? From everything I've seen so far, I think his strongest abilities are: # Identifying major Bitcoin zones He seems genuinely good at recognizing: * accumulation areas, * distribution areas, * major technical regime changes, * and spots where risk/reward becomes interesting. The $115–125k short area is a good example. # Changing positioning Contrary to what I initially expected, he actually does change his view when the evidence changes. He repeatedly talks about being “like water.” The archive supports that more than I expected. The $140k cancellation is a good example. # Macro narrative construction Some of his macro calls have been excellent. The 50bps Fed prediction was very impressive. Howeve

anewidentity

Some cannot do it directly because of US sanctions. They can either do boats full of USD, which is how banks used to move money in Iran, or use USDT.

junkhead_7

You can easily convert USDT to USDC in any decentralized bridge for something like a 0.2% fee.

LuBrooo

Best way is to swap stables because USDT isn't MiCa complaint, so every European Exchange basically delisted it

junkhead_7

No need to buy USDT when you can actually buy something productive like S&P500, MSCI World or such which quite clearly aren't affected by some fiat shitcoin's inflation.

Floor90

OKX offers a one-way conversion from USDT to USDC. Source: [https://www.blockchainstories.com/nieuws/okx-europe-helpt-gebruikers-usdt-om-te-zetten-naar-mica-compliant-usdc/](https://www.blockchainstories.com/nieuws/okx-europe-helpt-gebruikers-usdt-om-te-zetten-naar-mica-compliant-usdc/)

Additional-Durian966

Most European exchanges have moved away from USDT due to the MiCA stuff, so it's getting harder to find ones that still list it. Your best bet is probably converting to USDC first and then using whatever mainstream EU platform you want.

7chickenwings

This is hilarious. You're just stating the exact same explanation and also disagreeing. You really think there's no fees on redemption? There needs to be a market for exchange. Even Tether own ToS says “Subject to compliance with these Terms, the redemption price payable by Tether for one Tether Token will be one unit of the Fiat currency to which it is pegged (for the USD₮ Tether Token, 1 USD for 1 USD₮...) less fees, where applicable.” \--less fees, where applicable.-- Redemption price =/= market price. It's a market where the stablecoin targets $1. That does not mean its market price is always exactly $1. 0.009 off $1 is still considered fee. Your own example proves this, if USDT can trade for $0.99 or $1.01 then the market can deviate from $1. Yeah, this is my last post.

sylsau

**Russia just exposed Bitcoin’s most dangerous feature.** Not scarcity. Not volatility. Not mining. **Exit.** Moscow is opening the door to Bitcoin, ETH, and USDT. But ordinary Russians will face limits on how much crypto they can buy through regulated intermediaries. Why? Because Russia wants crypto’s power… without fully accepting crypto’s freedom. Bitcoin is useful when sanctions threaten Russian trade. Stablecoins are useful when traditional payment rails fail. **Crypto is useful when Moscow wants financial sovereignty from Washington.** **But when citizens want monetary sovereignty from Moscow?** Suddenly, limits appear. That is the paradox. Governments love Bitcoin when it weakens **someone else’s** financial control. They become much less comfortable when it weakens **their own**. And Bitcoin doesn’t care. No nationality. No investor classification. No central bank. No annual purchase limit written into the protocol. Russia can regulate the gateways. It cannot rewrite Bitcoin. **Russia wants Bitcoin’s power without Bitcoin’s freedom.** That contradiction tells us where the real battle over money is heading.

JamieMc23

Terms in this thread a newby would have to learn: - Metamask - ETH/Ethereum - USDT - ETH/USDT Pool - Block/Block Explorer - Cold Wallet - Unguessable String - Dexes - Transaction Hashes - Liquidity Pool - Slippage/Slippage Range - Trade Size Impact - Odos/Matchaswap/Llamaswap/Cowswap - Limited Routing - dApps - MEV Bots (squeezing) - Rango/Shapeshift - Wallet Connections - USDC - Route/Price/Fixed Fee - Swaps - Limit Order - CEX/DEX - Dedillama/Defi Swap Site - Dec Aggregator - Gas Fees - Route Swap - Built-in Defi Activity - Rubic Plugin - WETH - Rabby That's literally just this thread. I'm around crypto a long time without ever getting too into it and I wouldn't be 100% on a lot of that. There is literally no hope of mass adoption while it looks like this and while there's no safety net. You may understand it because you're deeply into it, but it's a mess. Again - I'm pro crypto.

Efficient_Range1156

With the exception of ETH and USDT, there is no such thing as a quality alt.

Possible_Voice_3950

isnt "Tether ​International, S.A." the main entity related to minting USDT and that was under scrutiny for all those years? (for being suspected of not having the funds backing the tokens)

diradder

An ETH/USDT pool... not able to support a $20k trade without 4% slippage? I don't know where OP traded exactly but most pools on Ethereum for these two assets can easily deal with this amount with less than 1% slippage. MetaMask is notorious for higher fees and limited routing (wouldn't put beyond them to actually use pool they have MEV bots squeezing)... prefer dApps like ShapeShift or Rango, you can connect most wallets to them, they will aggregate the best quotes using popular routers with enough liquidity, and will be much more transparent with fees/slippage.