USDT

sdafsdffsad

I understand what you are saying and you are really wrong, but in reality the value of bitcoin i measured mostly in USD, USDT or other stable coins. If you sell for euro, you need to find a buy who pays you in euro or there will be some currency exchange happening. The main currency for this exchange is dollar.

sdafsdffsad

USDT is the main entry to bitcoin. They are not the same but together they provide the infrastructure for all crypto

142NonillionKelvins

USDT is not Bitcoin though. You haven’t made a compelling argument at all for how this supposedly would work.

justjoner

So you're saying I should have NOT sent my life savings to that Redditor who was having trouble with a few USDT?

Informed-anarchy686

USDT doesn't make the dollar weaker it literally is just a digital dollar backed 1:1 by a real paper dollar held by tether. Bitcoins market value is relatively small compared to most national economies, a collapse wouldn't directly affect the overall fiat money supply or consumer prices. Inflation is primarily influenced by central banks and the federal reserve, not crypto. Your hypothesis sounds like it came from a serious lack of understanding in the monetary system and Bitcoin.

jawni

*let's see what fun and exciting stuff is happening in the world of cryptocurrency!* Elon Musk’s X removes crypto emojis, leaving community puzzled (cointelegraph.com) - **WHO CARES** Japanese Financial Giant Preparing for Approval of Bitcoin ETFs (headtopics.com) - **WHO CARES** Massive Sleeping Bitcoin Wallet From 2013 Moves 750 BTC After 11 Years, Valued at $48M (news.bitcoin.com) - **WHO CARES** / **ONLY HEARD THIS ABOUT A MILLION TIMES** Robert F. Kennedy Jr. blasts inflation as 'government theft' (finbold.com) - **WHAT DOES THIS HAVE TO DO WITH CRYPTO?** US senator withdraws support for Elizabeth Warren’s anti-crypto bill (cointelegraph.com) - **WHO CARES** Grayscale Ethereum ETF bleeds Thursday, outflows exceed $1 billion since debut (cryptobriefing.com) - **WHO CARES** Cryptominer with palm-sized $179 ASIC hits the jackpot with $206,000 in Bitcoin (tomshardware.com) - **WHO CARES** / **ONLY HEARD THIS ABOUT A MILLION TIMES** Blackrock foresees “very little interest” in crypto ETFs beyond Bitcoin, Ethereum (cointelegraph.com) - **WHO CARES** CZ is NOT getting released from U.S. prison next month (cryptopolitan.com) - **WHO CARES** New Jersey wants to invest city pension fund in crypto ETFs (cryptopolitan.com) - **WHO CARES** Cash, not crypto, still top funding choice for terrorists, Singapore reports (cointelegraph.com) - **WHO CARES** / **ONLY HEARD THIS ABOUT A MILLION TIMES** Russian ransomware generates over $500m in crypto proceeds, TRM Labs says (crypto.news) - **WHO CARES** / **ONLY HEARD THIS ABOUT A MILLION TIMES** Argentina wants to tame crypto market due to money-laundering concerns | Cyprus Mail (cyprus-mail.com) - **WHO CARES** / **ONLY HEARD THIS ABOUT A MILLION TIMES** At this rate, Grayscale's ETHE could run out of ether within weeks (theblock.co) - **STILL DON'T CARE** MARA purchases $100 million worth of bitcoin, holdings surpass 20,000 BTC (theblock.co) - **WHO CARES** Russia mulls launching tokens backed by cenbank-owned gold: report (crypto.news) - **ONLY HEARD THIS ABOUT A MILLION TIMES** USDT/USDC spending without EUR conversion (self.CryptoCurrency) - **Niche problem, irrelevant to most** VanEck Predicts Bitcoin to Skyrocket to $52.38 Million by 2050 in Bull Scenario (beincrypto.com) - **WHO CARES (HOPIUM EDITION)** Crypto miner Marathon Digital adds $100m in Bitcoin to reserves (crypto.news) - **STILL DON'T CARE** In harsh year for NFTs one group of ‘Made Mutants’ still believe in Yuga Labs’ future (dlnews.com) - **WHO CARES** Help with BEP2 changing your bep20 (self.CryptoCurrency) - **Niche problem, irrelevant to most** Alchemy Pay’s Advanced Banking Solution Enables Web3 Enterprises to Open Multi-fiat Accounts with… (alchemypay.medium.com) - **THINLY VEILED AD** Arbitrum Foundation’s proposal to deploy Orbit chains beyond Ethereum opens for initial vote. (theblock.co) - marginally interesting but largely irrelevant. Broad Lister Cryptoexchange Gate.io, Gives Up On Compliance Heavy Japan (observers.com) - **WHO CARES** Grayscale Ethereum Trust Sheds $327 Million in a Day as ETFs See Mixed Flows (decrypt.co) - **STILL DON'T CARE AGAIN**

sdafsdffsad

unless the government controls bitcoin. Now ask yourself why the US is so passive about bitcoin and USDT since the beginning while it is the biggest threat to the dollar dominance?

Zelulose

MagicSea It think it might have the lowest fees to move BNB and USDT/USDC. 0.042 shimmer fee to swap which is currently $0.0048 per shimmer. Astronomically low.

BiscottiTrick3249

I personally started buying coins lately. Trying to put my eggs in various baskets. I put most of my funds in USDT, and the rest go to various altcoins like Abelian and such.

SOL_ETH_BTC_XLM_XRP

My advice is start out only trading BTC/USDT. Also make sure your margin: leverage ratio is 10:1 at least. Margin/Leverage= % change until liquidation. With $200 margin and 20x leverage for instance it’d take a 10% change in BTC to liquidate you and BTC won’t tank 10% easily. Also my advice is to never use stop loss or take profit. Close your trade manually. With a perpetual you can just keep your position open indefinitely and close it when you are content with your profit. If you took a $200 margin 20x leverage long on BTC as long as BTC doesn’t tank 10% you can just keep checking every day until you are in profit and then close it. This is practically an infinite money glitch. I swear with this method you will never lose money unless BTC tanks 10%; as long as it doesn’t you will continue to make boatloads of money. I also advise doing demo/paper trades first to get the hang of it and log your trade results in notes. If your wanted to play it even safer you can increase your margin to leverage ratio. For example: 20:1, or $200 margin and 10x leverage, then BTC would need to tank 20% to take you out of your trade. I’ve learned that the most important thing is staying in your trade, that’s why I don’t like stop loss or take profit. I plan to do some trades with this strategy soon so I’d really appreciate if you tried it and let me know your results.

coinfeeds-bot

tldr; HTX, advised by Justin Sun, faces scrutiny over its reserves and Sun's control. Despite Sun's denial of controlling HTX, his involvement deepened after its acquisition by About Capital Management. Concerns arise as HTX's proof-of-reserves reveals a significant portion of its USDT reserves replaced with stUSDT, a Sun-connected project. Additionally, HTX's handling of assets like TRX and WBTC, and the opaque governance of Sun-affiliated protocols, raise questions about the exchange's solvency and the safety of user assets. HTX also faces criticism for misleading statements about past security incidents. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

mothernaturesdog

Moon to 100 USDT heard

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.

SquatDeadliftBench

1. **Trust Wallet**: Trust Wallet, which supports BNB, allows you to store and convert BNB to other cryptocurrencies. You can then transfer these to an exchange that supports CAD withdrawals. 2. **PancakeSwap**: Transfer your BNB to a wallet compatible with PancakeSwap (such as Trust Wallet or MetaMask) and swap BNB for a cryptocurrency like USDT or ETH. Then transfer it to a platform like Newton or Shakepay for conversion to CAD. 3. **Newton**: Transfer your swapped cryptocurrency (e.g., USDT or ETH) to Newton, a Canadian exchange, and convert it to CAD. 4. **Shakepay**: After swapping BNB for another cryptocurrency, transfer it to Shakepay, which allows easy conversion to CAD. 5. **Crypto.com**: Transfer your BNB to a Crypto.com wallet, convert it to another cryptocurrency, and then withdraw it to CAD. 6. **Binance Chain Wallet**: Use Binance Chain Wallet to transfer your BNB. Swap it on Binance DEX for another asset and then transfer it to a Canadian exchange like NDAX to convert to CAD. 7. **Coinberry**: Swap BNB for a supported cryptocurrency and transfer it to Coinberry, a Canadian platform that allows CAD withdrawals. 8. **Kraken**: Kraken supports Canadians and allows for CAD withdrawals. Swap your BNB for a supported cryptocurrency and transfer it to Kraken.

cryptoAccount0

Just get a wallet and hold USDC or USDT. People are already doing this in foreign countries with high inflation. What you're describing is not sensible, considering there are better safer alternatives.

Constant_Pick9473

Ok, USDT

HawMaaan

Please help guys I'm stuck with 200$+ worth of nexo coins that I need to convert asap. Please send me BNB beacon chain to transfer out of my trust wallet. I will send you the same in USDT or any other coin on my mothers head just help me please!!!!!!

KingofTheTorrentine

Same thing that worked for other people. Having cash/dollars. Despite what "be your own bank" tards will tell you, USDT exists because the market is absolutely starved for dollars. They need them to enter, and exit. Mostly just enter. Most morons that told you HODL in 2021 are not intelligent people, or they're malicious purposely trying to drag you down when the ship sinks with them. They're morons praying for a miracle. There is no shame in buying BTC at 20k and selling at 50k, and then choosing to wait for it to drop to 30k or maybe even 20k. The point is you want to have cash on hand.

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by Blendzi0r. > *First published on:* [*30.09.2021*](https://np.reddit.com/r/CryptoCurrency/comments/og1sms/rcryptocurrency_cointest_top_10_category_tether/hewuzi9/) > > *Last edited on: no edits* > > # 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 most popular stablecoin. \[1\], \[2\], \[3\] > > # Cons > > **It’s centralized** > > Tether is centralized. Tether Limited (controlled by the owners of Bitfinex) is responsible for issuing USDT \[1\]. Tether Limited is free to issue and freeze all USDT. When PolyNetwork was famously hacked in August 2021, all of the USDT that hacker stole was frozen and then returned to the victim. There were other such examples in the past (e.g. when KuCoin was hacked in 2020). > > As much as the above examples are positive, nothing stops Tether from being less ethical in the future. Especially taken into consideration their shady history. Not to mention that centralization is against one of the core principles of cryptocurrencies. > > **The company lied on several occasions** > > Tether always claimed that they and Bitfinex are two completely separate entities and denied all the speculations that they are the same. In November 2017, “The Paradise Papers” revealed Bitfinex and Tether are indeed run by the same people. \[4\] > > Until February 2019, Tether claimed to be backed by the US dollar on a one-to-one basis: “Every tether is always backed 1-to-1, by traditional currency held in our reserves.” – read their website. The text was then changed to: “Every tether is always 100% backed by our reserves (…) and, from time to time, may include other assets (…). > > However, in April 2019, Tether’s general counsel admitted that the stablecoin can back only around 74% of its supply in circulation \[5\]. It was also reported by the New York Attorney General that at some point in time Tether didn’t even have access to banking services. Therefore, Tether lied about its backing. \[6\] > > Tether promised to share reports from independent auditors on their reserves. They haven’t done so until **forced** by a court order in 2021. And even then they couldn’t stop themselves from misleading the public. In a tweet from Paolo Ardoino, Tether’s CTO, he stated that they share the report because “community asked for it." \[7\] > > **There are some shady people behind it…** > > The most important people at Tether are surrounded by many controversies: > > Jan Ludovicus (or Jean Louis) **van der Velde**, Tether’s CEO, is a ghost. There’s barely any information about him \[4\]. This is rather concerning when you take into consideration he’s a CEO of a multi-billion company. > > **Giancarlo Devasini**, Tether’s CFO, boasts he built companies that generated 100 million euro in revenue but documents show it was almost 10 times less. He was sued by Microsoft for pirating their software and by Toshiba for infringing its DVD-related patents. And these are just a few examples of Devasini’s questionable doings and statements. \[6\] > > **Phil Potter**, CEO of Bitfinex (Bitfinex is the only partner of Tether. And it’s a company that actually controls Tether. So the only partner of Tether is a company that… controls it), was fired from Morgan Stanley in the 90’s after he bragged about his lavish lifestyle in an interview for The New York Times. \[8\] > > Letitia James, the New York attorney-general, called those people “unlicensed and unregulated individuals (…) dealing in the darkest corners of the financial system." \[6\] > > **…against whom criminal charges might be filed** > > US Justice Department that is investigating Tether and in July 2021 it reported that it is now considering whether it should file criminal charges against Tether executives. The charges might be based on the assumption that Tether lied about its business when it was opening bank accounts all over the world. \[9\] ***** 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 Nostalg33k. > # Tether, criticized but stable. > > ​ > > Tether is always the bane of all jokes. USDT despite some problems of transparency is still the best stablecoin. Let's dive in. > > ​ > > # What is a USDT or Tether: A Stablecoin > > While we argue about USDT maybe you need a reminder: USDT is a cryptocurrency (it is on blockchains and works through these digital un-modifiable ledgers) and its value is correlated to a currency which is the dollar. Therefore the name Stablecoin. While this cointest is about Tether, you need to understand the advantages of stablecoins. > > While we are waiting for a cointest about stablecoins as a whole, here is the jist of it. > > 1) Stablecoins allow you to trade without returning to your fiat. > > Stablecoins are a way to circumvent profit declarations. Trading crypto is already complicated as it is, trading crypto is very fast paced and trading crypto relies on stablecoins. The reliance on stablecoin is due to taxable events: Selling a part of your folio for fiat leads to a taxable event. If you are not planning to put money out or to try to get your losses written as a loss (which may backfire later but you do you) then you should rely on stablecoins. Trading in a USDT pair does not (yet) create a taxable event. So go yolo out there ! > > 2) Fast paced liquidity which is digitally managed by a blockchain. > > Stablecoins have the advantages of being highly liquid and being secured by blockchain. > > 3) Swapping for a stable dollar value on your Ledger. > > If you are a fan of DEX, these platform do not have a fiat ramp, so if you want to go back to a dollar valued coin which is not suffering from unstable market conditions => stablecoins. > > # The main argument is liquidity. > > While trust in Tether is lacking, anyone knows that you can transit by Tether without risking a depeg. Users have seen UST and other stable coins crumble while Tether stays standing. With a daily volume close to its circulating supply, you can trust USDT if you have to buy it or sell it. Some will be sold and bought as you need it. > > [The data of this stablecoin is showing that you can trust it](https://coinmarketcap.com/currencies/tether/) > > # The backbone of the industry. > > If you want to support the Crypto industry as a whole, USDT is the stablecoin to hold. By holding USDC you are propping up Coinbase and Bitcoin, by holding BUSD you are propping up Binance. USDT is universal right now. It is the common stablecoin which is on all platforms. Yes it has links with bitfinex but it is more generalized than other stablecoins. > > ​ > > # Nice Staking rates for small bag holders. > > A lot of platforms such as [Binance](https://www.binance.com/en/earn/usdt) offer good rates for staking USDT. Which means that you can be paid for supporting the crypto industry as a whole. This staking is safer than other cryptos since your main investment stays pegged to the dollar which has been shown to be the ultimate commodity in our inflationary cycle. > > ​ > > # Tether like any crypto can be sent from a user to another. > > USDT can be your way to send money to your friend. USDT is free to move (you still have to pay the blockchain fees). This part can be a way to on-ramp your friend into the crypto ecosystem. You can send them some money on their newly created wallet and show them the way stablecoins work. > > ​ > > # Conclusion: Advantages of a stablecoin and of market domination makes Tether the best one. > > Often people are speaking about USDT saying it should crumble under its own weight. They don't realize that the volume of USDT is so high that a large part of the market cap is actually exchanging hands. If tomorrow 20 billions or more are slashed directly from people's pockets this would create the biggest bloodbath in crypto history. Tether has become to huge to fail and its liquidity makes it the best one for users. > > It has all the advantages of a stablecoin and you should be able to trust it. It has existed for nearly 10 years and will surely exist for 10 years more ! ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

justjoner

Guarda only supports sending USDT if you promise to buy their token once you're out of options

Better_School9754

Yes. Because of the volatility and some additional processing costs. Merchants prefer cash or USDT

UrNs0

What network is your USDT on? If it's on ETH you need a small amount of ETH to send it. What ever network it's on you need some of the token in order to send. Same if it was polygon you would need MATIC or Solana if it's on SOL network.

falsomovimento

USDT etf will crash dollar value so crypto moons. 4head

Planktons_Eye

USDT

Oheson

USDC and USDT run on multiple chains. The layer 1 is just a glorified TCP/IP and does not affect the price.

brkinard

USDC and USDT are tokens that run primarily on ETH....so you need ETH.

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.

GiverTakerMaker

Open four non-kyc accounts with different exchanges. Buy USDT over the counter at any big exchange. Transfer the usdt to 2 of your non kyc exchanges. Move the USDT from. Those to the other two in various quantities over the course of a few weeks. Convert the USDT to BTC and withdraw from NonKYC exchanges to cold storage Enjoy no capital gains tax while you wait for hyperbitcoinization and tax on BTC to be dropped as political suicide.

William__Feng

I finally decided to quit. I feel like crypto is more like gambling than investment tio me. So Bye crypto. Here are the last 100 USDT I have, whoever sees the post can have them. Here are the Seed phrase. clown later defy urban daring earth spawn slogan mansion hockey invite vendor I will no longer return to crypto! Good luck to all of you!

Nearby_Recover3587

If BTC continues its bull bear cycle, i suggest just keep DCA until this bull peak. sometime late 2024 early 2025 excluding any black swan events "Major news, regulation or a significant rise in retail adoption {still low btw}" with BTC being pushed by Black Rock and big players right now is something to consider, the hope is for mass retail adoption but people are understandablly sceptical about crypto still. Current price $67-68k this bull peak might look something like $200-300k excluding black swan, likely near the end of 2024 early 2025. Things to consider for yourself. Tax and your specific tax bracket depending on where you live how long you intend on holding, typically the longer you hold and less trades you make the less you will be taxed. Making your money is one thing keeping it is another. You really want to understand your specific tax obligations and how to make the most of them if you intend on off ramping that money at some point in the future. There is no avoiding tax unless you intend on breaking the law and risking fines or worse. (I've seen people try their best to avoid crypto tax and receive real jail time). Wallets are too easily tracked, and money entering and exiting banks is unavoidable. If you are just holding BTC your approach might be different to someone trading it, for example. Either be able to hold during bear phases or be able to get a sense of and manage its cycles Here is an example of cycle management. Without DCA, let's assume the value of BTC in 10 years is around 1mill. Your 0.01 ($570) Todays price 67-68k. First bull cycle peak (late 2024 early 2025) Swap your BTC for USDT sable coin at around 250k 0.01 BTC would now be $2,500 USDT Next bear market low (late 2026 early 2027) Buy back with USDT at around $100k $2,500 USDT to 0.025 BTC and hold until next bull peak. Next bull peak 5 years later (2028-2029): swap for USDT around $500k mark 0.025 BTC to $12,500 USDT and wait for next cycles low The following bear market low (2030-2031): Buy back at $200,000 $12,500 USDT to 0.0625 BTC and hold until next bull peak. 10 years at an expected 1mill in final valuation your 0.01 BTC would be 0.0625 BTC = $62,500 Compare this to holding your initial investment without DCA and cycle management for 10 yrs: 0.01 BTC at an estimated $1mill value = only $10k in 10 years This is just a thought experiment based on my own biases and models of BTC price that I've seen, this is an average of expexted highs and lows based on past cycle prices and an expected future valuation of 1 mill in 10 years. theoretically, with 10 yr cycle management, 0.01 BTC could be around $62,500, vs $10,000 if you were to just hold. this does not include any additional DCA i plan on cycle management for my own portfolio, swapping BTC for USDT at peak bull in hopes of avoiding value loss during expected bear cycles. Always DYOR (Do your own research) and take responsibility for your money, be careful of scams in this space they are everywhere and move whatever you hold long term onto cold wallets like Trezor, do not keep a significant amount of money on exchanges like Binance or Coin base unless you enjoy the risk of being in another FTX scenario. I got a bit carried away, but to answer your question. The best thing you can do to protect your BTC is to move it onto a cold wallet like Trezor.

superretroclassicman

That's not his account. This is a scam tactic people use to lure in funds. They give you their secret phrase and you deposit ETH to pay for fees and access the USDT, but they have it set up to snipe your funds into their real accounts after you send any funds

Miserable_Twist1

I don't know enough to understand your particular trade but generally when I was looking at obviously lending arbitrage during the last cycle, the premium was the counterparty risk. For example, borrowing cash, converting to USDT and lending that on an exchange could easily get you a 10% return back then, but then you are trusting some exchange registered in some foreign country that would be painful to get any money back if things went bad on the exchange. I assume this is a similar reason why you are seeing a premium on what is otherwise an arbitrage trade.

bazkawa

Are you aware of the fees when sending USDC/USDT over Ethereum?

Former-Silver-3100

Can anyone from Europe /EU use EARN in Binance for USDT ? Looks to me like it's Ban from EARN but can still have USDT in spot wallet ... until the December ,i read some to say ! #

AndyIbanez

My country has ran out of USD and this caused the price of this fiat currency to sky rocket in the parallel market. I’m currently using crypto to save my money by converting all my local currency (BoB) into USDC and USDT because finding actual dollars is impossible, but I can sell the USDC and USDT vía P2P to get local currency for much better rates.

Mr-Douglas

Yes- i mean the common use case in China its more USDT

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by Blendzi0r. > *First published on:* [*30.09.2021*](https://np.reddit.com/r/CryptoCurrency/comments/og1sms/rcryptocurrency_cointest_top_10_category_tether/hewuzi9/) > > *Last edited on: no edits* > > # 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 most popular stablecoin. \[1\], \[2\], \[3\] > > # Cons > > **It’s centralized** > > Tether is centralized. Tether Limited (controlled by the owners of Bitfinex) is responsible for issuing USDT \[1\]. Tether Limited is free to issue and freeze all USDT. When PolyNetwork was famously hacked in August 2021, all of the USDT that hacker stole was frozen and then returned to the victim. There were other such examples in the past (e.g. when KuCoin was hacked in 2020). > > As much as the above examples are positive, nothing stops Tether from being less ethical in the future. Especially taken into consideration their shady history. Not to mention that centralization is against one of the core principles of cryptocurrencies. > > **The company lied on several occasions** > > Tether always claimed that they and Bitfinex are two completely separate entities and denied all the speculations that they are the same. In November 2017, “The Paradise Papers” revealed Bitfinex and Tether are indeed run by the same people. \[4\] > > Until February 2019, Tether claimed to be backed by the US dollar on a one-to-one basis: “Every tether is always backed 1-to-1, by traditional currency held in our reserves.” – read their website. The text was then changed to: “Every tether is always 100% backed by our reserves (…) and, from time to time, may include other assets (…). > > However, in April 2019, Tether’s general counsel admitted that the stablecoin can back only around 74% of its supply in circulation \[5\]. It was also reported by the New York Attorney General that at some point in time Tether didn’t even have access to banking services. Therefore, Tether lied about its backing. \[6\] > > Tether promised to share reports from independent auditors on their reserves. They haven’t done so until **forced** by a court order in 2021. And even then they couldn’t stop themselves from misleading the public. In a tweet from Paolo Ardoino, Tether’s CTO, he stated that they share the report because “community asked for it." \[7\] > > **There are some shady people behind it…** > > The most important people at Tether are surrounded by many controversies: > > Jan Ludovicus (or Jean Louis) **van der Velde**, Tether’s CEO, is a ghost. There’s barely any information about him \[4\]. This is rather concerning when you take into consideration he’s a CEO of a multi-billion company. > > **Giancarlo Devasini**, Tether’s CFO, boasts he built companies that generated 100 million euro in revenue but documents show it was almost 10 times less. He was sued by Microsoft for pirating their software and by Toshiba for infringing its DVD-related patents. And these are just a few examples of Devasini’s questionable doings and statements. \[6\] > > **Phil Potter**, CEO of Bitfinex (Bitfinex is the only partner of Tether. And it’s a company that actually controls Tether. So the only partner of Tether is a company that… controls it), was fired from Morgan Stanley in the 90’s after he bragged about his lavish lifestyle in an interview for The New York Times. \[8\] > > Letitia James, the New York attorney-general, called those people “unlicensed and unregulated individuals (…) dealing in the darkest corners of the financial system." \[6\] > > **…against whom criminal charges might be filed** > > US Justice Department that is investigating Tether and in July 2021 it reported that it is now considering whether it should file criminal charges against Tether executives. The charges might be based on the assumption that Tether lied about its business when it was opening bank accounts all over the world. \[9\] ***** 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 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. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(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) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

coinfeeds-bot

tldr; A report has revealed that the USDT stablecoin, Tether, is being extensively used in criminal activities, with illicit wallets receiving over $11 billion in the past three years. Tether is the primary payment method on Huione Guarantee, a platform that facilitates transactions for cybercriminals, including those involved in pig butchering scams and sextortion. The report by Elliptic also highlights the use of Tether in bypassing China's cryptocurrency ban, with $1.9 billion transferred overseas in one case. Additionally, Tether has been linked to ransom demands and terrorism financing, with a significant portion of its transactions connected to criminal activity. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

mreed911

$6000. $6000 in USDT.

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.

Westfox28

How do I do this? Been trying to figure out how to sell USDT for GBP and withdraw for an hour now but can only find P2P

Exotemporal

Every MtGox claimant is receiving a small portion of their claim in Japanese yens (not dollars) and by the way, those payments are still ongoing. The people who had BTC at MtGox will be receiving slightly over 20% of what they had when the site went offline. A minority of people chose to receive their entire payout in Japanese yens and the MtGox trustee will be selling their BTC and BCH for them. Most claimants chose to receive their payout in crypto (BTC + BCH), but we did so not because we all want to hold that crypto forever, but because it lets us decide what we want to do with our crypto and when we want to do it. There were plenty of polls asking us what we plan on doing with our crypto. I'd expect half the BTC and most of the BCH to be sold fairly quickly upon delivery. Me personally, I'm converting all the BCH into BTC, ETH or USDT immediately and I'm sending all the BTC to my cold wallet. I'm sure that BTC will be able to absorb this, even if it depresses the price for a few months, but it's going to be really hard on BCH in my opinion.

Django_McFly

Based off of the picture, they just sent the USDT to themselves. All they lost was a transaction fee.

NPCmillionaire

Nothing Bitcoin does is organic until the Tether (USDT) printers are gone.

VirtualWord2524

I've used it when it's the only reasonable crypto option over Bitcoin or base Ethereum. It's usually not a good experience in my opinion. Waiting for 6+ network confirmations until a service finalizes your order is a long slog. It's annoying to convert to since it's not commonly wrapped onto smart contract chains so you have to deal with exchanges and how long they take to confirm deposits then withdraw Solana has worked fine mostly besides the recent network congestion with failed transactions Don't know why people use Tron USDT. I used that once and the network fee for moving USDT is ridiculous Ton Network was good. Algorand was good. Those two aren't commonly accepted though. Monero, Dogecoin is pretty much equivalent to Litecoin in experience Fees aren't a problem when it's single digit pennies to fractions of a penny. Once it gets to the double digit US pennies and higher, that's not usable to me. A problem with every EVM under load and Cardano with its fixed fee and congestion can make Cardano transactions ridiculously slow to finish Worse problem is speed to finalize a transaction. Cool that you see the deposit hit a wallet within seconds to single digit minutes, but when a payment processor wants 6+ network confirmations, terrible with pretty much every chain older than like 2018

AuspiciousEther

Exactly, lots of crucial donations were made in USDT, ETH and BTC.

Otherwise-Lime613

The pretty exact impermanent loss when one Chip moons and the other doesnt move, for example MEMECOIN/USDT Pool is: 1.25x price change = 0.6% loss 1.50x price change = 2.0% loss 1.75x price change = 3.8% loss 2x price change = 5.7% loss 3x price change = 13.4% loss 4x price change = 20.0% loss 5x price change = 25.5% loss I actually provide liquidity in Pools often, just because U dont know when exactly something is going to move. Sometimes days, weeks and more. And, only because sth. Moons U aint gotta sell it. Being cheap in a Liquidity Pool with a winner coin can pay out for years, without the need of selling a single Chip actively. Set it and forget it. And overall, it kinda says when your Chip makes a 5x your doing stil nearly a 4x. Sounds like a problem i would love to have daylie!

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/1e6wu9c/need_help_usdt_trc20_recieved_in_trx_deposit/ldw2wsn/?sort=controversial). Doesn't work on mobile.

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by a deleted user. > **Tether Cons** > > **Dodgy Reserves** > > Initially, Tether asserted that each USDT was backed by a dollar in its reserves. But the truth is more nuanced, Tether is supported by a variety of: > > * Other Investments (Including Digital Tokens): 8.36% > > * Secured Loans(None To Affiliated Entities): 6.77% > > * Corporate Bonds, Funds & Precious Metals: 5.25% > > * Cash & Cash Equivalents & Other Short-Term Deposits & Commercial Paper: 79.62% > > Of the 79% cash and cash equivalents, only 10.25% is held in cash. Also to be emphasized is the lack of an independent audit of the specific breakdown of Tether's reserves. > > **Regulatory Issues** > > The Paradise Papers dump in 2017 revealed that Bitfinex and Tether are both controlled by the same individuals. The Bitfinex trading platform's owners, who also manage the tether virtual currency, have participated in a cover-up to conceal the apparent loss of $850 million dollars, according to the investigation conducted by the New York state Attorney General. Later, Tether's attorney acknowledged that only 74% of the Tether is backed. Tether is forbidden from conducting business in New York under the terms of the settlement agreement. Despite paying a $18 million punishment, Bitfinex and Tether did not confess any wrongdoing. > > **Competitors** > > * USDC: Circle and Coinbase launched USDC in 2018, and it is tied 1:1 to the US dollar. Issuers are also required to back all tokens with fiat reserves and provide monthly proof of reserves in order to guarantee that USDC maintains a continual one-to-one backing. > > * BUSD: BUSD is a stablecoin backed by USD that is 1:1 secure, compliant, and supported by Binance. It was created by Paxos and has NYDFS approval. To preserve the stability and security of the stablecoin, Paxos hires an auditing company to examine its BUSD and US Dollar supply each month. ***** 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 Nostalg33k. > # Tether, criticized but stable. > > ​ > > Tether is always the bane of all jokes. USDT despite some problems of transparency is still the best stablecoin. Let's dive in. > > ​ > > # What is a USDT or Tether: A Stablecoin > > While we argue about USDT maybe you need a reminder: USDT is a cryptocurrency (it is on blockchains and works through these digital un-modifiable ledgers) and its value is correlated to a currency which is the dollar. Therefore the name Stablecoin. While this cointest is about Tether, you need to understand the advantages of stablecoins. > > While we are waiting for a cointest about stablecoins as a whole, here is the jist of it. > > 1) Stablecoins allow you to trade without returning to your fiat. > > Stablecoins are a way to circumvent profit declarations. Trading crypto is already complicated as it is, trading crypto is very fast paced and trading crypto relies on stablecoins. The reliance on stablecoin is due to taxable events: Selling a part of your folio for fiat leads to a taxable event. If you are not planning to put money out or to try to get your losses written as a loss (which may backfire later but you do you) then you should rely on stablecoins. Trading in a USDT pair does not (yet) create a taxable event. So go yolo out there ! > > 2) Fast paced liquidity which is digitally managed by a blockchain. > > Stablecoins have the advantages of being highly liquid and being secured by blockchain. > > 3) Swapping for a stable dollar value on your Ledger. > > If you are a fan of DEX, these platform do not have a fiat ramp, so if you want to go back to a dollar valued coin which is not suffering from unstable market conditions => stablecoins. > > # The main argument is liquidity. > > While trust in Tether is lacking, anyone knows that you can transit by Tether without risking a depeg. Users have seen UST and other stable coins crumble while Tether stays standing. With a daily volume close to its circulating supply, you can trust USDT if you have to buy it or sell it. Some will be sold and bought as you need it. > > [The data of this stablecoin is showing that you can trust it](https://coinmarketcap.com/currencies/tether/) > > # The backbone of the industry. > > If you want to support the Crypto industry as a whole, USDT is the stablecoin to hold. By holding USDC you are propping up Coinbase and Bitcoin, by holding BUSD you are propping up Binance. USDT is universal right now. It is the common stablecoin which is on all platforms. Yes it has links with bitfinex but it is more generalized than other stablecoins. > > ​ > > # Nice Staking rates for small bag holders. > > A lot of platforms such as [Binance](https://www.binance.com/en/earn/usdt) offer good rates for staking USDT. Which means that you can be paid for supporting the crypto industry as a whole. This staking is safer than other cryptos since your main investment stays pegged to the dollar which has been shown to be the ultimate commodity in our inflationary cycle. > > ​ > > # Tether like any crypto can be sent from a user to another. > > USDT can be your way to send money to your friend. USDT is free to move (you still have to pay the blockchain fees). This part can be a way to on-ramp your friend into the crypto ecosystem. You can send them some money on their newly created wallet and show them the way stablecoins work. > > ​ > > # Conclusion: Advantages of a stablecoin and of market domination makes Tether the best one. > > Often people are speaking about USDT saying it should crumble under its own weight. They don't realize that the volume of USDT is so high that a large part of the market cap is actually exchanging hands. If tomorrow 20 billions or more are slashed directly from people's pockets this would create the biggest bloodbath in crypto history. Tether has become to huge to fail and its liquidity makes it the best one for users. > > It has all the advantages of a stablecoin and you should be able to trust it. It has existed for nearly 10 years and will surely exist for 10 years more ! ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

Perfect-Crew8289

I got scammed $157k on a fake platform, but i got my lost USDT bac with the help of this professional programmer on Whts@pp me: +𝟏𝟑𝟑𝟏𝟐𝟗𝟓𝟔𝟕𝟒𝟗 they are 100% legit teste and trusted

C01n_sh1LL

I think most of us never have any reason to mess with USDT on-chain on Tron. It's a very very common platform for scams though. Think very carefully about where you are trying to send these funds.

Potential_Wrangler34

Now that Bitcoin and some cryptocurrencies don't make a better income for themselves when held long term, I do short term intraday two-way trades based on USDT to make myself profitable by calculating the upside, and I'd like to know who else is doing this

Regular-grunt-03

MATIC trades are fun and easy. Great coin to print some USDT. I wouldnt HODL MATIC though.

CreativeSmoke3879

[coins.xyz](http://coins.xyz) is the platform for you! based on my exp its good and secured. try them [https://coins.xyz/en/trade/BTC/USDT/](https://coins.xyz/en/trade/BTC/USDT/)

therealyoualreadykno

would be nice if binance accepted BOB to buy USDT or anything else on the platform…

Astramie

Apologies for the long comment, but for those who are genuinely curious... I use Cardano to stake, buy nfts, make swaps, DCA, and vote for projects. You can also mint an nft to link with an email address, or mint an nft as a handle so you can receive txs using a more user friendly address, like Eth domain names. There's DePIN projects like Iagon, which is like Filecoin, to store your data with a decentralized storage provider. They also host dapps and are working on decentralized compute services. There's NFT royalty platforms for creators like NEWM, Books, and Jpgstore. You can also lend NFTs. Some lending protocols even offer double yield on lending since the liquidity pools are staked. It is kind of like staking liquid staking derivative tokens, but much simpler. You don't have to exchange your ADA for stADA and potentially trigger a taxable event. Also let's say your order has not yet executed at the limit price you set, it can still earn staking rewards while the order is pending. Staking is liquid and self-custody, less middlemen and more ownership for the user. There's RWA projects like Palmyra and Empowa. The ecosystem is growing much faster now that infra and tooling is improving. Community built their own languages like Aiken and Opshin that are based on more popular languages like Typescript and Python, which compiles down to Haskell-based Plutus. You don't need to know Haskell anymore. Although you do need to know how to build on an extended UTXO model, but it is getting easier as more devs open source their code and share their designs. There's even a new batcherless AMM design that got funded this Catalyst round, and designs are rapidly adapting especially with Plutus V2 and V3 now with Chang upgrade, enabling zk primitives support on the L1. There's also new L2's on the horizon that offer unique benefits due to UTXO's deterministic properties like way cheaper fraud-proofs and better mobility between L1 and L2. There's also Leios and Peras to make the L1 faster. Hydra has interesting Catalyst proposals this round as well. The one thing I wish I could use Cardano for is stablecoin stuff. They have home grown stablecoins that are algorithmic and fiat backed, but they don't have the more established ones like USDC and USDT with higher liquidity, stability, and connections. MyUSD on Cardano is backed by USDC and USDT. There are also ways to bridge over USDC using Wanchain. Your implication is right, it is relatively a small ecosystem, a small island compared to the others. But it's fast growing. It's important to note that it is growing without Ethereum's network effect and heavy VC support. But interoperability is increasing with the recent Plutus V3 upgrade, that makes it more interoperable with Ethereum, and other developments like Cardano's integration with Cosmos. There's also Polkadot's Substrate tech powering Cardano's partnerchains. Cardano devs are also bridging the knowledge gap between them and Bitcoin devs with Fluidtokens and Maestro sharing protocol designs. It appears that this cycle, the alpha on Cardano is on Twitter, not on Reddit. Here's a few recent tweets from non-Cardano people. [https://x.com/CryptoConan/status/1811416874552611129](https://x.com/CryptoConan/status/1811416874552611129) [https://x.com/NftswithDiz/status/1813229438370259276](https://x.com/NftswithDiz/status/1813229438370259276) [https://x.com/TannerCartier/status/1813167238599655792](https://x.com/TannerCartier/status/1813167238599655792) [https://x.com/ZKDID\_/status/1799400337612190153](https://x.com/ZKDID_/status/1799400337612190153) Some recent posts to show typical daily chatter. [https://x.com/CardanoRami/status/1805971403675779203](https://x.com/CardanoRami/status/1805971403675779203) [https://x.com/Padierfind/status/1813519559703335109](https://x.com/Padierfind/status/1813519559703335109) [https://x.com/zkFold/status/1813271373802053835](https://x.com/zkFold/status/1813271373802053835) [https://x.com/FluidTokens/status/1813247448015307080](https://x.com/FluidTokens/status/1813247448015307080) [https://x.com/cosmos/status/1806357065960407485](https://x.com/cosmos/status/1806357065960407485) [https://x.com/ZengateGlobal/status/1803850888085189072](https://x.com/ZengateGlobal/status/1803850888085189072) and more... [https://x.com/sharlhuskens/status/1803442866280341529](https://x.com/sharlhuskens/status/1803442866280341529) [https://x.com/VioletNoRegarde/status/1805955713111670974](https://x.com/VioletNoRegarde/status/1805955713111670974) [https://www.youtube.com/watch?v=y4txesKsL\_M](https://www.youtube.com/watch?v=y4txesKsL_M) [https://x.com/ore\_times\_3/status/1810691719848952084](https://x.com/ore_times_3/status/1810691719848952084) [https://x.com/HouseOfTitans\_/status/1811829651121000663](https://x.com/HouseOfTitans_/status/1811829651121000663) [https://x.com/Omen4Omen/status/1804855019864207402](https://x.com/Omen4Omen/status/1804855019864207402) [https://x.com/MoparGirls/status/1813180347494113438](https://x.com/MoparGirls/status/1813180347494113438)

Oheson

Cardano needs native USDC or USDT. The tech is solid but they will not get a killer app until they do.

diegie

But I would send proof of USDT, which wouldn't make it volatile. But still, some red flags for sure :)

diegie

Thank you for your reply. For me it wasn't all clear also, that why I asked for more opinions. The payment of the commission in crypto would be done after receiving the payment of the end customer by banktransfer and confirmed by our bank (checked for fraude and stuff like that. Can it still be reversed then? The middleman is a Swiss company founded in 2015. Records show a legit address and communication is done with a Swiss phone number and e-mails come from their domain. We don't know the end customer yet, because as a middleman, that is the only card they hold to keep this deal in their control/hands of course. But if we agree, we would sign a commission agreement and after that sit together with the end customer to sign the order. So we don't send or pay anything before meeting the end customer. When everything is signed, the end customer will do the payment up front and after verification from our bank, we will continue with the payment of their commission. The only thing they asked was just proof that we have funds in any form of crypto (coinbase > USDT for example). It's a great deal for us, but we are of course cautious.

HardTruthssss

If USDT and USDC are the same censoring shit then I am going for USDC because it has lower chances to depegging from the dollar.

Smiling_Jack_

You'll need withdrawal USDT over another network, then bridge it over to Tron. Probably want to go with a cheap popular network like Solana or Binance. Don't use ETH mainnet. I don't use Tron so any bridge suggestions from me would be regurgitating Google search results.

Smiling_Jack_

Why do you want TRC20 USDT in particular?

coinfeeds-bot

tldr; The cryptocurrency market has seen a significant influx of $278 million from institutional whales, as reported by Lookonchain. This investment was made through Tether's USDT, sent from the Tether Treasury to two anonymous whale addresses and Cumberland's wallet, before being distributed to major exchanges like Kraken, Coinbase, OKX, and Binance. This move is interpreted as a buy signal, indicating a strong interest in acquiring cryptocurrencies. The activity coincides with Tether issuing $1 billion in USDT, suggesting a strategic injection of funds into the crypto ecosystem by institutions and wealthy investors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Beginning-Bird9591

It couldn't even be dumped all at once. Right now the BTC/USDT pair has about $70 million USDT. You'd have to sell slowly in small batches and wait for orders to come back. eitherway the price would actually take a big hit.

Willing_Coach_8283

That's why I'm not keeping a single dollar in USDT, will not allow anyone to control my money

funkinaround

> According to blockchain analytics firm Elliptic, [a marketplace linked to the Cambodian Ruling Family] has so far facilitated at least $11 billion worth of transactions – including those linked to pig butchering, sextortion scams and other cybercrimes – and primarily uses USDT for payments. If you decide to say something, hopefully it's of the form, "letting scammers and cyber criminals wash their funds on marketplaces is bad".

Every_Hunt_160

USDC is highly centralised while USDT is shady as hell, so that's not a big win for me Legitimate cryptos like BTC and Eth on the other hand..

CRABMAN1981

LTC is used a lot to deposit on casinos because of the cheap fees, although admittedly I have found myself switching to USDT for that now. I'm only in for the remainder of my bag until it breaks even, which it's very close too or some slight profit, as it was my first purchase and gateway into crypto back in 2021. That money is earmarked for something else now and there would be little point trying to ride it much more.

Enfiznar

We use mainly USDT tho, just a detail

coinfeeds-bot

tldr; Plaintiffs in a class action lawsuit against Tether and Bitfinex have filed a new complaint in the Southern District of New York, accusing the companies of manipulating the crypto markets and violating antitrust laws. The complaint alleges that Tether inflated cryptocurrency prices by issuing its USDT stablecoin without full U.S. dollar backing, creating an illusion of demand. This is the third complaint in the case, which began in 2019. The plaintiffs allege violations of the Commodities Exchange Act and the Sherman Antitrust Act, a reduction from previous complaints' eight and twelve causes of action, respectively. Tether has dismissed the allegations as meritless. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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.

iGhost1337

USDT is not a chain.

kirtash93

Not smart using a centralized chain like USDT if you are going to do illegal activities.