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USDT is the preferred stablecoin for Brazilians, accounting for $9.7 billion acquired between Jan and Nov 2021. Other stablecoins bought included $1.6 billion in USDC, $12.9 million in DAI, and $5.6 million in TrueUSD - Any Brazilians here please spread the word to avoid USDT
CC Trifecta complete! The CC day is not really complete unless we read another post about how USDT is on the brink of failure, how Bukele is bad, and how Charles Hoskinson promised they will be doing something in the future. I am not arguing for or against these points. Merely suggesting now we know the CC day is complete and we can take a deep sigh of relieve and go outside and enjoy life.
Post is by: HoyGratifiant and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/s5e8kv/sclp_all_in_this_is_a_x100/ they are now partners with NorwichCityFC (English League 1). https://twitter.com/ScallopDefiBank/status/1481978192126791687 Partner with LEDGER https://twitter.com/johnod1979/status/1481942794864373761/photo/1 Then 2 days ago Canadian banking license https://twitter.com/ScallopDefiBank/status/1481290464083202049 They start recruiting https://twitter.com/ScallopDefiBank/status/1481658440992935938 There's not even 1 week yet another new exchange https://twitter.com/ScallopDefiBank/status/1479797667941142528 They have contact with DUBAI Prime Minister and Phillipin + lie full of relationship https://www.youtube.com/watch?v=4LdLHQ2BPC4 https://www.youtube.com/watch?v=p4odRGN3pXQ The bank comes out in MAY, the price will soar, few tokens in circulation (just $1 million makes the price explode to $6 or x3), we are aiming for x200, those who ignore all that, I can't do anything for you, you don't like money. The price is $2, the volume is low (not even 1million), it will blow up. ​ [https://trade.kucoin.com/trade/SCLP-USDT](https://trade.kucoin.com/trade/SCLP-USDT) [https://coinmarketcap.com/currencies/scallop/](https://coinmarketcap.com/currencies/scallop/) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Even if you use stablecoins, there is no guarantee it will be there in 5 years. The only guaranteed i.e Risk free return is Investing in US treasury bills. Anything offering a higher rate of return consists of risk premium. Anything offering lower is scalping. That's how the Capital Asset pricing model works. If USDC or USDT were truly risk free, nobody would invest in Treasury bills that offer a lower rate of return
You should check out Harmony's FarmersOnly site. It is an auto compounding site, that have vaults that leverage the borrowing\\lending rewards of Tranquil Finance to give safe, high return on single staking BTC, ETH, USDC and USDT. I know this is out of scope for this post as it has a little higher risk associated with it, but worth checking out.
Of course it's a shitcoin! It's a centralised, USD-pegged and government controlled (they can simply call and freeze assets for "criminals" as with USDT) piece of garbage that is part of the reason we're here in the first place. If you have forgotten what it is what we're doing here and why it's important, [maybe use this as a refresher](https://youtu.be/JtyRN4YFRFI). Or [this, as well](https://youtu.be/Pkgo05Hdnfg).
USDT as the main form of transaction currency followed by Nano thanks to their geofaucets. And finally BTC as people's saving strategy. Not sure if there are any more, currently their are multiple up and coming crypto projects that SPECIFICALLY distribute tokens to 3rd world countries like the LOTUS project, not sure if theyre still alive tho.
>Multiple cell phone shops in Beirut have begun to accept USDT and you can even buy gold from local jewelers using crypto. Even in my own case, I've been able to generate much more than the minimum wage here in Lebanon just through interacting with the community and earning moons (I'm averaging about 500 moons per distribution). Nice to hear about the adoption! Not liking the USDT part tough 🤮... Happy for you OP!
I'd suggest you check out GOV, still very pretty much undervalued ATM but has a good longer-term potential for growth. Just recently launched on PCS and it has real world use-case by being able to increase the amount of USDT, USDC, or DAI you’re able to borrow against the USD value of your altcoin or NFT portfolio.
To me personally i reallt think Tether is just a Ponzi scheme that people are just in too deep which most certainly keeps everybody at Tether from doing a rugpull. Other than that DAI has just fundamental backing and not real monetary funding which is very fucking weird. USDT and BUSD as well as USDC and TUSD can all claim and do for the most part that they have the same amount of money locked in their bank. DAI is just (Yeah its 1;1 against the USD believe us ;) ;) ) BUSD seems for me the way to go, i know its just in Binance as a stablecoin and in some paper wallets, but binance is a massive Exchange if not the most in my opinion. Some regulatory troubles here and there but lets not forger their own Fundamental coin BNB hasnt fallen from the top 10 in several years. So yeah Terra is beautiful in theory but doesnt really do much and USDC is like that annoying cousin on Thanks Giving. Nobody says he is a bad kid but he spends all his day in his moms basement without socializing so nobody can also say he is a good kid. Ya feel me ?
The short story with USDT is that they don’t have enough Cash (on their balance) to support the claim of storing 1 USD for each 1 USDT. (Which is why some people shied away from it, I mean the downsides could be horrendously 🤷🏽♂️) USDC on the other hand took a different approach and is more as in 1 USDC is always 1 USD of BTC and ETH. And that still gives it a different future when it comes to scalability IMO. Makes its more secure and stable. As for DAI, for me is the possible growth it has because of its ecosystem. (And think about DAI more as a collateral crypto. And as more and more people get into crypto I believe that to be a very good thing.) One thing that can help is reading their whitepaper, to understand the company that created these stablecoins and their vision. Hope that helps, cheers! ✌🏽
Just took the survey, the Survey actually gets this part wrong: 15. Suppose you had $100 in a DeFi high yield savings account and the interest rate was 6% per year. After 5 years, how much do you think you would have in the account if you left the money to grow? More than $106** This is wrong. The correct answer should be "I don't know". It doesn't mention the crypto asset being held. Now you might counter, it says $100 so we can assume it's a stablecoin like USDT. Nobody and absolutely nobody can guarantee that 1 USDT = 1 USD 5 years in the future. And I don't think anyone has a Defi product that uses fiat This survey treats Defi Products as Risk free assets, which is wrong.
Hi everyone. Long story short, i was just scammed while trying to buy some new mining riggs. A total of aprox. 40.000USDT. i got to know a chinese guy and everything seemed fine while i questioned him doing my due diligence to avoid getting scammed, unfortunately not thorough enough obviously. My first order went through without an issue and i received exactly what i ordered and in good standards to surprisingly so stupidly enough i decided to go for a bigger order the second time around. Few days later i was provided a UPS tracking number that sure enough was on the way to Norway but unfortunately the receiving address was located on the other side of the country and package weight and amount does not match my order at all so naturally i confronted this jackass about it and never heard back again. I can trace the money going into OKEx exchange 7 Hot wallet and i contacted them about this but obviously to no avail. However they agreed to cooperate if they were contacted by law enforcement requesting information about this case. Now my issue is that i live in Norway which has a total shit law enforcement agency that does not understand that this case needs to be handled urgently so OKEx can lock the account for further investigation which they would not do without a LE request, and most likely Norwegian LE will not do jack shit about this and close the case because of international cyber crimes takes to much resources. So now im looking for anyone in mainland china or hong kong that would be able to help me file an urgent police report on this person asap, he should be KYCd at OKEx so would not be hard to get his information easy enough. Is there anyone that can help me with this quickly enough? Im really desperate here since this was my last savings and i quit my job last year to focus on my mining and hosting company which this was supposed to go to. Any help is appreciated, i have whatsapp phone number, hashids USDT adresses etc etc. Thanks in advance and sorry if im in the wrong sub. I really dont know where else to turn anymore. Best regards
hey folks, i created a little app to get the most recent watchlist for your favorite exchange: **[Watchlister](https://tv-watchlister.netlify.app)** A repeating task for me is check binance for new pairs and add them to my watchlist in tradingview - dont repeat yourself, thats why i created this little helper. It downloads the most recent pairs as a TradingView compatible watchlist. Currrently supported are the following exchanges: Binance, Kucoin, Coinbase. The list contains the USDT pairs. coming Features: - More exchanges - Show new listed coins per exchange - Selection of the Pair Currency (ETH, BTC, BNB etc) Feedback and feature requests are appreciated. Donations are welcome if you find it useful.
Well I think we can kinda thanks this community and CDC because, we talked a lot of the downsize of USDT here and CDC are one of the only platform to offer a 1:1 ratio on bank transfer. And with the rise of CDC recently I think it’s part of it.
Im looking for a website that shows multiple sites staking/lending rates so I don't have to go site by site. I found a site called stakingrewards and it seems to do the job but when I go to USDT it shows compound as offering 12% but when I go to the site its only 2.5% so I don't think its updated anymore.
USDT isn't permissionless either. The US want it so that every time you touch a high value wallet KYC was done on both ends. There's no realistic way to achieve that except maybe survallence + new AML laws for evading. High value means using smart contracts that hold over $10,000 but they're reducing that number to $600 this year, for banks too. I'm not sure how crypto will respond to these new regulations. If you comply it's a path to riches, if you don't you're a target with no institutional funding forever. I'm not hopeful the crypto ethos will merge well, especially after seeing so many centralized, dumb, or shady coins pump last year.
Hey u/hepba Depending where you live, it is best to verify your account before they can transfer crypto to your Kraken account, when transferring between exchanges you can send stablecoins and this may be a good choice. For Kraken, depositing in USDT (TRC-20) has the lowest fee for the address setup fee, so they have the option to trade their USD cash for USDT - check this article out 👉 [here](https://support.kraken.com/hc/en-us/articles/360000292886-Cryptocurrency-deposit-fees-and-minimums) You'll need to take into account of the trading fees at Coinbase. Hope that helps, Summer from Kraken 🐙
There are none. Recommendations and guidelines have been provided congress but, as far as I can tell, no laws have been made as of yet. However, those recommendations do apply to all stable coins, USDT and USDC included
Post is by: TryingToMakeAMil and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/s4wz01/usdt_usdc_and_dai_are_trash_and_you_should_be/ There are a lot of Tether (USDT) haters on this sub - and rightfully so. But at the same time, there seems to be a lot of USDC worshippers. It’s almost like a political situation with some people voting red and some people voting blue. In reality, they’re both essentially the same thing - **2 centralised coins issued by private corporations.** Gary Gensler has full authority over the regulation of the stablecoins. This means that the Securities and Exchange Commission (SEC) can regulate both USDT and USDC however they like. On top of being able to regulate the companies behind these stablecoins, this gives SEC **the ability to blacklist any address holding any stablecoin.** The possible damage of this authority is HUGE. Think about the “decentralised” DAI stablecoin (pegged to $1). It’s mostly backed by USDC and ETH collateral. The SEC can simply order Centre, the private corporation behind USDC, to use their blacklist (ETH address) function and blacklist DAI’s USDC collateral. The government can technically do this at ANY TIME. These coins are trash and the anti-thesis of cryptocurrency. Let’s keep in mind that crypto was invented as digital money that no single entity can control, unlike regular money which is under control of government/central banks. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Everyone talks about the untrustworthyness of USDT (Tether) and promotes alternates like USDC and US(Terra). However, if LUNA's value tanks wouldn't UST be unreliable? I really wanna get on that sweet 20% APY for UST, but I'm worried about it.
Seeing that USDC has overtaken USDT in current total accumulation, a few month ago this could have been disastrous for Crypto, now I'm not too afraid anymore. I'm happy that the stablecoins are moving in a more diverse portfolio.
If I may share my personal opinion I read the USDT white paper and Bloomberg's article about USDT being a fugazi which article I really recommend. Idk man seems like one of those things where the whole Crypto Currency system itself is too deep to back out now. Like at this point, BUSD is just in binance. TUSD is really not massively adopted like Tether. And DAI is just .... DAI. Its hard to say foe me if it can be a rugpull since all those crypto whales use USDT as their bread and butter.
tldr; The total supply of USDC on the Ethereum blockchain has surpassed that of rival Tether (USDT) for the first time. USDT's total supply across blockchains, however, remains higher than USDC's. USDC is used for trading on decentralized exchanges and for various purposes within DeFi protocols. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I'm not sure if USDT will ever die, it's too big at this point. Despite **all the reasons** not to use USDT it still has the highest marketcap among stablecoins, others don't even come close - USDC, DAI, BUSD. If it ever dies though, I still think that crypto as a whole will still recover, there are a lot of good stablecoins going around nowadays.
True, I've never run out of USDT, and staking it can provide decent returns. But I always keep it in my wallet in case I want to jump into new projects or buy some gems when the market dips, as it did recently, and I was able to get some MATIC and SYLO at a cheap price.
This is happening here in Lebanon with the political establishment driving the country into financial ruin, a huge amount of adoption has been taking place in the capital, Beirut. Bitcoin ATMs/USDT exchangers you name it. We Lebanese are already indebted to the IMF and yet their investments in our country somehow always end up in the politicians pockets while the crypto space has allowed outside money to come in completely untouched through freelancers/traders. Great post OP!
you can swap in the polygon web wallet usdc for Matic, for gas actually: in the middle of this article is the steps written for USDT, but USDC can be also swapped: https://blu-elephant.net/how-to-bridge-polygon-with-other-blockchains/
tldr; Tether’s U.S. Dollar Tether (USDT), the largest stablecoin in the Web3 segment, has been dethroned by its major competitor on Ethereum (ETH) in market capitalization. The ERC-20 version of Circle's USD Coin (USDC) surpassed USDT on ETH. USDC is the fastest-growing stablecoin with a market cap of $4 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The current total supply of stablecoin usd coin (USDC) has surpassed tether (USDT) in terms of tokens issued on the ETH chain. USDC has a 0.568% larger fully diluted market capitalization on the smart contract network than tether (USDT). USDC is also on a few different blockchains, but the majority of USDC resides on Ethereum. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I mean, it's being traded. Do you have any evidence that it's being used for retail? People need to buy groceries living under an authoritarian regime. Not trade XMR for USDT on Binance. How many merchants in authoritarian countries are accepting XMR?