USDT

itzdivz

Lol no like half of USDT is on eth and theyre actually being used

coinfeeds-bot

tldr; Tether, a major cryptocurrency firm, is under scrutiny for its role in enabling financial crimes. Investigations revealed that at least $1.4 billion in Tether's USDT tokens passed through wallets linked to scams, hacks, and human trafficking, including the Huione Group, a known money laundering entity. Critics argue Tether should take stronger action to freeze illicit funds, despite its claims of working with law enforcement. Victims of scams involving USDT have suffered significant financial and emotional harm, raising questions about Tether's responsibility in combating crypto-related crimes. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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Post is by: Ill-Medicine-7496 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pcg5hw/microstrategy_just_quietly_killed_the_biggest/ I was up late last night double-checking the latest filings because the “they’ll have to sell BTC every quarter for the $750 M dividend” narrative was still driving me nuts. Turns out Saylor already solved it months ago and barely anyone noticed: Strategy has a dedicated $1.44 billion USD dividend reserve in plain old cash and cash equivalents. That’s almost two full years roughly 23 months of the entire preferred dividend obligation covered in fiat, zero Bitcoin required. It’s actually kind of hilarious how over-prepared they were; they raised extra on purpose, parked it in dollars, and just let the loudest bear case of the year die of natural causes. No wonder the stock barely flinches on red days anymore and the gamma feels unbreakable this cycle. The forced-seller risk that haunted 2021–2024 is legitimately gone until late 2027 at the earliest. Personal aside while I’m here same late night session I also opened one of those Bitget onchain Mystery Boxes I keep a small futures position open there for hedging. Literally $500–600 in volume this month and I still got 22 USDT plus a random token drop. If you already trade on Bitget it’s the easiest free roll I’ve seen in a while and even tiny retail volume qualifies. Feels like the whole market is shifting toward real holders getting the small edges this time around. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

AcostaJA

I tried to post this as a thread, but mods deleted the it two times, maybe someone upset IMHO... Whatever here what I think happened: Bitcoin survives another Market Manipulation Monday: Early Warning Signs: •"China bans Bitcoin" — the crypto world's "Groundhog Day" rerun • Satoshi-era Bitcoin wallets show activity • A major whale offloads large holdings before market open • Media/FUD cycle kicks in: quantum computing "threatens" Bitcoin, exchange hacks, recycled fear narratives from the usual suspects During the Dip: •Markets open 5–10% down • Hundreds of billions in USDT (and other stablecoins) shift between exchanges • USDT Treasury mints billions, while only a few hundred dollars worth gets burned Recovery: •A few days later, markets rebound — often by Friday close • Thousands of Bitcoin move off exchanges (accumulation signal) I'm posting BS ?

KimBo_kBok

I’d go with USDT, it’s been the most stable and reliable for me so far. The returns are consistent, and you don’t have to worry about price swings affecting your earnings.

uncapchad

Not much difference, just the set of coins/tokens (BTC, USDC, USDT, and USDG) + what OP said about rewards. Opt-in is not available to US Customers The opt-in coins/tokens are not "staked" on-chain which is what traditional staking does - locking up coins to secure the blockchain network. Although I'm not sure that staking on exchanges is actual staking. Bit vague on that. Staking is subject to regional laws so some US customers can stake

IBelieveIkeCanFly

It is lost, as others have said, but you have a little bit of recourse. If you sent USDT you can petition Tether to block those particular coins, so at the very least, while you don't get it back, you can stop the scammers from using some of the money taken from you. Don't just ignore it and move on like others are saying, go out of your way to report this, have it flagged, get every website involved reported and documented so this can't happen to others again, and so there's a growing chance that LE can find the people responsible.

Successful_Science35

Tether has and that’s why you can’t redeem USDT for fiat…

VicoxLegal

I completely agree with you, and it is a strategy that many investors who have been in the market for several years follow. Having a significant part in USDC/USDT (or regulated stablecoins such as EURC, USDP, etc.) gives a lot of peace of mind, especially when you have already lived through several cycles. I myself recommend to clients that, once they have managed to multiply their initial capital, they transfer 40-70% to stables and only leave “play money” in altcoins or Bitcoin. Regarding what to do with these stables today, the most common and safest options in 2025 are: CeFi with decent interest and low risk → Kraken → 5-6% on USDC/USDT → Nexo → up to 12% (with insurance and possibility of withdrawing whenever you want) → Coinbase → ~5% and very liquid DeFi “low-risk” (no strong impermanent loss) → USDC/USDT Pools on Curve + crvUSD stake → 4-8% realistic → Aave / Compound → 4-7% lending stables → Pendle or Yearn with conservative strategies → 6-10% without touching memecoins Tokenized RWA (Real World Assets) → Centrifuge, Maple → 8-14% lending to real companies with real estate collateral or invoices (the quiet “new boom” of 2025) Simply leave it in cold wallet or Coinbase/Kraken without touching it → 0% performance but 100% control and zero fear of exploits In the end the trick is: the bigger the bag of stables, the more you want it to yield something... but without getting into the roller coaster again.

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Post is by: Moneycontrol and the url/text [ ](https://goo.gl/GP6ppk)is: https://www.moneycontrol.com/news/business/crypto-downturn-wipes-out-almost-1-billion-in-levered-bets-13705439.html Almost $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff. Bitcoin slid as much as 8% to $83,824 in New York, bringing its decline since early October to almost 30%. Ether dropped as much as 10% to as low as $2,719, and is down 36% over the past seven weeks. The market downturn has been even tougher on smaller, less liquid tokens that traders often gravitate toward because of their higher volatility and typical outperformance during rallies. A MarketVector index tracking the bottom half of the largest 100 digital assets is down almost 70% this year. The crypto market is on shaky ground after a weeks-long selloff that began when some $19 billion in levered bets were wiped out in early October as President Donald Trump whipsawed markets with threats of higher tariffs, data compiled by tracker Coinglass show. That was just days after Bitcoin set an all-time high of $126,251. The automated closing of leveraged positions in crypto, such as the major event on Oct. 10, is sometimes referred to as a liquidation cascade. Traders use liquidation data to assess leverage in the system, spot risk appetite, and gauge whether a market wipeout has truly cleansed excess speculation. But the numbers they rely on may be incomplete. Industry insiders have said exchanges restrict the full liquidation data they share, making it hard for traders to know how much leverage is truly in the system. “It’s a risk off start to December,” said Sean McNulty, APAC derivatives trading lead at FalconX. “The biggest concern is the meager inflows into Bitcoin exchange traded funds and absence of dip buyers. We expect the structural headwinds to continue this month. We are watching $80,000 on Bitcoin as the next key support level.” Digital assets also felt the broader macro shifts rippling through global markets, as equity traders in the US start the week on the backfoot. Japanese stocks fell and the yen rose as Bank of Japan Governor Kazuo Ueda sent the clearest hint yet of a rate hike this month. “As December kicks off, investors are focused on the path forward for global monetary policy,” said Karim Dandashy, an over-the-counter trader at crypto trading firm Flowdesk. “With the Fed now expected to be cutting again after a brief panic last week that saw December odds drop to 30%, and now the BOJ looking more likely to be raising rates to counter the moves we’ve seen in JGBs.” On Monday, Michael Saylor’s Strategy Inc. said it had created a $1.4 billion reserve to fund future dividend and interest payments, in a bid to temper fears that the Bitcoin accumulator may be forced to sell some of its roughly $56 billion cryptocurrency haul if token prices continue to fall. The company’s mNAV — a key valuation metric comparing the firm’s enterprise value to the value of its Bitcoin holdings — sat at about 1.11 on Monday, according to its website, spurring investor fears it may soon turn negative. If that were to happen, its CEO Phong Le had suggested last week that the firm could sell some of its Bitcoin. Shares of Strategy tumbled more than 10% on Monday, and are now down around 66% since reaching an all-time high in November 2024. Strategy raised the yield on its variable rate Series A perpetual “Stretch” preferred stock to 10.75%. The dividend is payable monthly. Meanwhile, US spot Bitcoin ETFs took in a modest $70 million last week, after roughly $4.6 billion in outflows over the past month, Bloomberg data show. Most of the pressure has come from the iShares Bitcoin Trust, where investors have pulled money for five straight weeks, the longest withdrawal streak since the fund launched in January 2024. The week ahead is set to offer a crucial snapshot of US economic momentum as policymakers weigh the trajectory of interest rates heading into 2026. Data is likely to shape expectations for whether the Federal Reserve continues its rate-cutting cycle. US President Donald Trump on Sunday said he had decided on his pick for the next Fed chair, after making clear he expects his nominee to deliver interest-rate cuts. Meanwhile, S&P Global Ratings last week downgraded an assessment of the stability of USDT, the world’s largest stablecoin, to its lowest rating, warning that a drop in Bitcoin’s value could leave the token undercollateralized. Further uncertainty came from the People’s Bank of China, which on Saturday issued a warning about the risks of virtual currencies including stablecoins, adding that government agencies should deepen coordination to crack down on illegal activities. However, Flowdesk’s Dandashy added that there seems to be “a light at the end of the tunnel” as the market enters the end of the year. “Whether economic data can get in the way of those expectations right now seems to be most important for a year end risk rally,“ he said. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

samsimon123

Oh, boy, if USDT and his "scheme" collapses, we could see BTC $25K

Renowned_Molecule

Stablecoin is backed by what? .. This has been obvious since USDT became so prominent in their ultra sketchy “attestations”. 

donjoe0

New toy for daily price watching degens: [https://www.coinex.com/en/dual-investment](https://www.coinex.com/en/dual-investment) It's a sort of "bet on the future price" that looks mostly like a limit-buy or limit-sell for BTC/USDT or ETH/USDT, but it also has a fixed-income component, a sort of interest that you earn no matter if your price prediction comes true or not. No leverage, no risk of total ruin, just "limit orders with benefits". If the prediction comes true over the chosen period, you get the benefit of buying at that lower price or selling at that higher price, with zero fees, (but also risk paying the opportunity cost of missing an even more extreme price movement that might happen in reality over that same interval, since the funds are locked, so it's like a limit order you can't cancel), and aside from that you get a fixed interest component on your bet amount no matter what. It's not going to get you the perfect profit you could possibly make over every future interval, but then again who can claim they're usually making perfect trades when they have a free hand and the funds aren't locked into this kind of "bet"? It could be a way to slow your price checking cycle, set a few days aside where you're not looking at it anymore because your bets are placed, your funds are locked, and what's gonna happen is gonna happen, at least you know you're getting that fixed interest component, and those are some quite attractive APY values on there, some of them even triple-digit (but of course those only show up for shorter terms of less than a week, and very small target price moves where you don't stand to make any significant profit if the crypto trade side of it triggers).

CryptoNerdSmacker

Ripple Labs (RLUSD) and Circle (USDC) are going to feast on USDT’s corpse. Folks should get it in on those stablecoins’ native chains. The volume is going to create some nice organic flywheel utility for their native tokens operating as gas, etc.

Dapper_Addition_3837

I hear you loud and clear—it's easy to stare at those bleeding charts and feel like the party's over, but zoom out, and the fundamentals are screaming "not even close." Crypto's always been a marathon of building through the noise, and these alts you're highlighting? They're not just surviving; they're laying tracks for the next leg up. Let's break it down quick, because yeah, the long game looks bullish as hell.Chainlink's basically the unsung hero gluing TradFi to blockchain. Their Sibos 2025 announcements with Swift, DTCC, Euroclear, UBS, and a whole squad of 24 heavyweights on corporate actions processing? That's not hype—it's solving a $58B annual headache with oracles, AI, and onchain data flows. Banks aren't dipping toes anymore; they're diving in, and LINK's the bridge. Charts might dip, but partnerships like that don't vanish in a bear market.Cosmos? IBC's evolution is pure fire for interoperability without the middleman BS. That EVM connection via IBC isn't some half-baked hack—it's live and scaling, with Cosmos EVM now packing parallel execution, mempool-level IBC compatibility, and hooks into Ethereum L2s like Base. Sovereign EVM Day in Cannes this year showed XRP, TON, and even Telegram apps bridging over native IBC—millions of users unlocking multichain without centralized gatekeepers. If alts need a "real bridge," this is it. ATOM's primed for that coordination-layer glow-up.Ondo Finance is straight-up tokenizing the boring-but-bankable stuff TradFi hoards. Their $250M Catalyst fund with Pantera Capital, dropping into RWA infra? That's fuel for bonds, stocks, and real estate going onchain, with BlackRock's BUIDL already backing OUSG for instant settlements (they shifted $95M+ there earlier this year). Larry Fink's calling tokenization "the next step," and Ondo's riding that wave with daily-yield rOUSG tokens. RWAs aren't a fad; they're the on-ramp for institutions tired of T+2 delays.Solana's the revenue beast proving L1s can actually make money without choking on fees. Q1 2025 alone? $369.5M—163% YoY jump, smoking Ethereum's $220.8M. Full-year run-rate hit $2.85B through September, with Jito tips and memecoin launchpads (shoutout Pump.fun's $475M haul) driving 55%+ of it. ETFs launched in October pulled $380M inflows in weeks— that's institutional validation for a chain handling real activity without the gas wars. SOL's not just fast; it's profitable.And Sphinx Protocol? Underdog alert—this one's tailor-made for plebs craving commodity plays without the exchange overlords. Built on its own permissioned L1, it's slinging 24/7 perps, futures, and options on oil, gas, electricity with atomic settlement, cross-margining (freeing 99% capital via BTC/stablecoin pairs), and fees slashed 90%. No more T+2 lockups or counterparty roulette; it's onchain efficiency for energy derivatives that could hedge real-world volatility. If RWAs explode, Sphinx is the DeFi gateway for normies dipping into gas/oil without a broker.You're spot on: these aren't centralized vaporware—they're decentralized machines built to outlast the hype cycles, just like BTC did. Sentiment on X echoes it too—folks calling out the Dec 1 bloodbath as rebalancing noise, with alts eyeing recovery once BTC dom stalls and USDT dom rejects higher. Blink, and we're in perma-uptrend mode again. HODL the vision, my friend—2026's gonna reward the builders.

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Right-Avocado3870

As long as you don't hold tethers its fine. Just don't leave a lot of money sitting around as USDT. Smart financial people know this. Tether isn't btc and it definitely isn't dollars.

ExtensionCarpet5958

I am unable to withdraw my USDT from my Bitget Wallet. Can someone help? The seed phrase is moment hawk run cabbage now fortune educate build travel assist hour true. Thanks

ExtensionCarpet5958

I am unable to withdraw my USDT from my Bitget Wallet. Can someone help? The seed phrase is moment hawk run cabbage now fortune educate build travel assist hour true. Thanks

Fishherr

Go take a look at the USDT.D chart and see where it stalled out every time we made a new ATH. That is your answer.

diradder

> They are pegged to the dollar. They don’t need to beat inflation. Tether is a business endeavor of iFinex, they do need to make profits and if these profits do not beat inflation, it means they are not making profits. Their peg is only a feature of their product (USDT), that keep people using this service. If you want some kind of public service where profits are not required/abstracted, you want to involve a government, not a business... so is your answer, Tether should not be a business after all of this? > They need to run their business on tight margins and they’ll still get billions per year. interest on cash equivelents and fees are their moneymakers. Sure, try to convince their shareholders that they should be content with the minimum yield possible and the risk of not getting profits if inflation outpaces whatever they could get... that's just not how businesses work in liberal capitalism. > Saying they have 80% in cash and cash equivalents seems really bad to me. I think they’re claiming its higher. Not for 2025. That's likely one of the reasons their rating got decreased. They are taking more risks, they are betting on a recovery after the current downtrend, and they certainly are not alone on this. But I agree with you that they take more risk than they should, hence my avoidance of that asset as much as I can. But it's totally understandable that people can factor all of these risks and still use it (because it's most liquid, most convenient/prevalent on the market, has less oversight than other stables that are more ingrained US banking like USDC). > Having stablecoins backed by any amount of crypto also seems really bad to me. Any run on one, will coincide with a run on the other. > To prevent a collapse if users and arbitrage don’t cover the spread, then they need to buy it back immediately. If it dropped just a few points it would take a massive amount of money very fast to maintain confidence. This seems like a difficult thing to do amidst some sort of market panic event. This has been tested multiple times, events like FTX or COVID didn't really impact the peg as iFinex manages the supply based on this and preserves it. If they were just printing USDT "out of nowhere", such events would be noticeable on USDT's price history as liquidity is key in such cases.

diradder

Anything longer than 90 days (and arguably less these days, thanks to Trump) would be cash equivalent...but I doubt that's what you would suggest to be the new business model for Tether... you can't be serious? > They would need an outside independent audit to prove their holdings. Seems like the attestations they produce are enough for the majority of the market, almost like the assumed risk of a mostly unregulated market is taken into account. > Until they do that, they are just creating coins from nowhere. Absence of evidence is not evidence of absence. But again, I wouldn't put any serious amount in USDT, they do need a full audit, the attestations are nice, but not satisfactory for my own risk management (hence my avoidance)... I'm just annoyed at unsubstantiated claims, this subreddit loves its Tether FUD and it's just circle-jerky about this.

diradder

> Investing in government bonds and low risk vehicles. That's far from "cash or cash equivalents". > Not just creating USDT from nowhere and doing who knows what with the real assets. If you could actually substantiate these claims, the USD peg would fail pretty quickly... there's a reason why it hasn't in so many years, even when they were having huge banking issues few years ago. It's still not as transparent as it should, but these unsubstantiated claims, repeated over and over without actual evidence are getting just as annoying as the imperfect transparency at this point.

ColdOverYonder

Investing in government bonds and low risk vehicles. Not just creating USDT from nowhere and doing who knows what with the real assets.

Tech_recycle

It’s not about how much money is worth. It’s about how many coins you can actually accumulate by trading some of it. I never look at selling or buying opportunities I look at chances of converting some to USDT and waiting for good time to add more to it. once I achieve my goal I can set another one. Strategy I use is every time it hits ATH I sell .5 Once it crashes to my support levels I use those funds to add to my bag.

Hidden5G

Tether’s CEO is basically trying to shout down criticism, but none of that fixes the real issues they’ve created. A ratings agency saying the backing for USDT is getting riskier, not safer. They also said Tether still isn’t fully transparent about what really backs the coin and doesn’t clearly separate customer funds from its own. And here’s the simple truth…if Tether could pass a real, independent audit, it would’ve done it years ago. Fact. Period. The only reason they haven’t is because they can’t or won’t. So no matter how loud the CEO talks, the problem stays the same…you can’t replace real transparency with attitude. btw…USAT doesn’t change anything ..everyone sees/knows why it exists, and their ties to Tether will be judged all the same by the agencies. Let’s not forget…USDT still holds a D rating from Bluechip..and is restricted in parts of the world for a reason. No amount of word salad from the CEO fixes the fact that these limits exist because THEY chose not to comply.

shibe5

As I understand, only direct Tether customers can redeem tokens for underlying assets. But note that Bitcoin can't be officially redeemed for anything at all, and it still has value and can be used for payments. Let's put aside value and backing aspects. What I'm more interested in is whether Tether can prevent any particular entity/individual from receiving and making payments in USDT and its other tokens.

Dongerated

Historically USDT Fud always marks the bottom

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Mipayhao

🔥【MiPay new function launched】 Telephone recharge services have been launched in 17 countries around the world, including: China🇨🇳 United States,🇺🇸United Kingdom🇬🇧 Spain,🇪🇸Italy,🇮🇹Portugal🇵🇹 France🇫🇷Germany,🇩🇪Poland,🇵🇱United Arab Emirates,🇦🇪Egypt,🇪🇬Pakistan🇵🇰 Thailand,🇹🇭Vietnam🇻🇳 Laos🇱🇦 Myanmar,🇲🇲Cambodia🇰🇭 No matter where you are, whether you have digital fiat currency or cash, you can use USDT to recharge your phone bill with one click. You no longer need to worry about being in a foreign country or recharging your phone bill for a foreign number. All consumption behaviors are anonymous operations, completely protecting user privacy. There is no need to provide ID cards, passport numbers and many other documents. You can quickly register with just an email address! MiPay is not connected to a wallet, does not engage in asset management, and does not engage in flower activities. It can be transferred as much as you use, and it is a down-to-earth payment tool! MiPay download link: https://h5.mipay.ai/#/pages/register/register?shareCode=24030815405939

Hidden5G

It’s really not that surprising once you understand how these ratings work. EURC scores higher mainly because it’s held to much stricter European rules, with clearer oversight, cleaner reserves, and better transparency. Unfortunately USDT on the other hand, has a long history of being opaque about what backs it and still doesn’t provide full independent audits. So even though USDT is way bigger and used everywhere, that doesn’t make it safer. EURC just follows tighter rules and shows its backing more clearly, and that’s exactly what these rating systems reward.

CriticalCobraz

**Summary:** Two South Korean police officers were indicted for accepting bribes from operators of illegal crypto exchanges involved in a $186 million money-laundering operation linked to voice-phishing scams. * Police Superintendent "F" received $59,000 and Officer "G" accepted $7,500 in cash and luxury goods between July 2022 and February 2024 * In exchange, they provided investigative information, helped unfreeze criminal accounts, and facilitated connections with lawyers and other law enforcement * Both officers have been stripped of their positions following arrest The Criminal Network: * Operators ran illegal crypto-for-cash exchanges disguised as gift-certificate stores in high-traffic areas * Converted criminal proceeds from voice phishing scams into USDT stablecoin * Maintained a facade of legitimacy with "Beware of Voice Phishing" warning signs * Authorities froze approximately $1.1 million in illicit assets, including $600,000 in USDT The case is part of a broader pattern of crypto-related corruption involving law enforcement worldwide, with similar cases recently reported in India and Iran.

s_dot_

LEO is a different token with a different purpose. The 2016 token was called BFX and is now long gone.  Paid baxk in early stage USDT.

coinfeeds-bot

tldr; Binance's Bitcoin reserves have dropped significantly, while stablecoin holdings, particularly Tether (USDT), have surged to record levels. Analysts interpret this as a bullish signal, suggesting investors are preparing for a strong market re-entry. The combination of reduced coin supply and increased stablecoin reserves indicates traders are waiting to deploy liquidity, potentially fueling a major market move. Despite current selling pressure, the buildup of stablecoins on exchanges points to optimism for future growth in the crypto market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Optimal-Repair-5289

Tether buying record gold right after getting slapped with a ratings downgrade is peak crypto theater. It's like watching someone buy a fire extinguisher after the kitchen smoke alarm goes off, polymarket’s USDT depegs odds aren’t high yet, but moves like this are exactly how those charts start bending

DrSpeckles

And anyone who’s trading crypto. Pretty much everyone buys and sells by swapping with USDT. A better comparison would be USDT volume to total USD volume.

lexxwern

USDT has infinite supply, as it is backed by USD. BTC is fixed supply.

Fishherr

I've studied USDT.D, USDT, Bitfinex & IFinex for awhile now. But what really happened was, Bitfinex didn't wanna give out customer data & never received the tokens back. USG Still holds them. My personal belief is, Whales like "Spoofy" & others on Bitfinex, aren't actually customers (It is actually Bitfinex, Gian Carlo & Paolo doing these moves. If you don't believe me, overlay the Bitfinex long rate with BTC and see the inverse correlation.) Therefore, nothing to report or at-least a small percentage. There are some great court documents explaining this. \^ Bitfinex & Tether move the market a lot. Like a lotttt.. And if you don't understand, watch USDT.D while BTC rises & Drops. Tether prints USDT usually to Pump BTC in the bull, and burns it off after. This is why you see rapid peaks then rapid corrections.

Hidden5G

Tether has a stable coin rating of D from Bluechip, due to its continuous full audit avoidance. USDT is also restricted in parts of the world because regulators don’t consider it compliant or transparent enough. In the EU, new rules pushed major exchanges to remove or limit USDT trading, since it doesn’t meet stricter standards for reserve clarity and oversight. Some regions allow people to hold or withdraw it, but trading pairs are being phased out. regulators don’t fully trust how USDT handles its backing and reporting, so its use gets limited wherever laws tighten.

chartsguru

From an insider: USDT aims to reintroduce USD stablecoin for God knows what reasons.

eyesonmyface

Tether diversifying into gold is a strategic move amid dollar volatility. While they're marketing it as "pivoting away" from USD, it's likely more about risk management and asset backing diversification rather than abandoning the dollar peg entirely. This highlights an interesting evolution in stablecoins - from purely fiat-backed to more complex reserve structures. Worth watching how this affects USDT's stability and market perception, especially with regulators increasingly scrutinizing stablecoin reserves. Remember: despite the headline, USDT remains primarily dollar-backed. This is an adjustment to their reserves, not a fundamental change to the stablecoin's purpose or peg.

Historical-State2045

I do this to, but I was wondering say if you were to sell your btc. Is it recommended to convert it back to USDT ? Or would you just sell it and receive in USD? sorry im a beginner and not too farmiliar with this

Able-Upstairs-9875

I use P2P on Binance to buy USDT and then convert to BTC

RetiredAvocado

Why do you use USDT?

Disastrous_Week3046

Comparing USDT to Visa is irrelevant. They aren’t doing the same things. USDT is printed out of thin air and used primarily by criminals. No one’s using USDT to pay for shit, it’s for money laundering.

twixx09

Conversational Stablecoins have definitely shown impressive transaction volumes! But I wonder if comparing them directly to Visa is a bit apples-to-oranges? Visa processes billions of small daily transactions while stablecoin transfers tend to be larger and less frequent. Are you thinking about this from a total volume perspective or something else? Been watching USDC and USDT's growth myself and it's pretty wild.

L4ur3nsk1s

I know many still think of stablecoins as just holding assets between trades, but they've quietly developed into a payment powerhouse. Last quarter, USDT alone processed more transaction volume than Visa globally. The efficiency is undeniable - cross-border settlements in minutes instead of days, and fees that make traditional finance look ancient. Just be aware of the regulatory uncertainty hanging over stablecoins right now. The Treasury and SEC keep threatening new rules that could drastically change how they operate. Worth monitoring if you're using them for more than just trading.

samuscoped

USDT/USDC/BTC/ETH = yes

Rocko210

In USDT, yes.

jclaslie

If I understood this correctly, USDT is only a medium of exchange here. The merchant doesn't need to accept USDT at all for this to work. Not sure that is something that would alert the regulators

Mattie_Kadlec

Honestly didn’t expect SA to be one of the first places to get real stablecoin payments at checkout. Moving from P2P stablecoin swaps to literally tapping to pay with USDT is great news.

davidthealien

This is big for stablecoin adoption in Africa! South Africa is already one of the continent's biggest crypto markets, and bringing USDT to 100M Visa merchants could significantly boost crypto's real-world utility there. Remember though that USDT's backing has always been somewhat controversial, so it'll be interesting to see if regulators have anything to say about this expansion. Anyone from SA here who can share how this might impact day-to-day crypto usage?

gmgarcia24

Tether's stability has been a concern for a while now, and S&P's downgrade reflects what many in the crypto space have been worried about. For those unaware, stablecoins like USDT are supposed to be fully backed by reserves (dollars, assets, etc.) to maintain their $1 peg. The real issue here is transparency. Tether has historically been reluctant to provide full audits of their reserves. They claim to have sufficient backing, but their reserves include commercial paper, corporate bonds, and yes - cryptocurrencies like Bitcoin. This creates a potential death spiral: if BTC crashes hard and people rush to redeem USDT, Tether might not have enough

Ninam1101

**Educational** Bitcoin and stablecoins serve fundamentally different purposes in the crypto ecosystem. While stablecoins like USDC or USDT maintain a peg to fiat currencies (usually USD), Bitcoin was designed as a decentralized alternative to government-issued money with a fixed supply cap of 21 million coins. Stablecoins help with day-to-day transactions and mitigate crypto market volatility, but they don't protect against inflation of the underlying fiat currency they're pegged to. If the USD loses purchasing power through inflation, a USD-pegged stablecoin will lose the same value. Bitcoin, meanwhile, has a programmatically limited supply that

re7ab990

Tether holding significant gold reserves is an interesting development worth examining closely. While their reported gold holdings of around $3.5B sound impressive, we should consider this in context: 1) This represents only ~5% of Tether's total reserves backing USDT 2) Traditional gold ETFs like SPDR Gold Trust hold over $60B in gold 3) Central banks collectively hold thousands of times more gold The real significance here is that a stablecoin issuer is diversifying its backing assets beyond cash, treasuries, and corporate debt. This could signal growing institutional comfort with reserve diversification beyond just USD-denominated assets. Worth noting: Tether has faced criticism in the past

Femchirp

Binance, KuCoin, and most major exchanges let you deposit USDT on TRC20 and withdraw on ERC20. This is actually the cheapest way to do this conversion. Just deposit your TRC20 USDT to an exchange that supports both networks, then withdraw it specifying the ERC20 network. You'll pay a withdrawal fee (usually around $5-20 for ERC20), but it's safer than using random swap sites that might be sketchy. If you don't have an exchange account, there are bridge services like Multichain or Anyswap that can do this, but I'd stick with reputable exchanges for USDT conversions

alihuda1992

Educational: What's happening here is a clash between traditional banking values (central control) and crypto's original vision (decentralization). When banks call freezable stablecoins "appealing," they're essentially endorsing a feature that undermines one of crypto's core principles: censorship resistance. The ability to freeze assets means someone has authority to decide who can and cannot access their funds - exactly what Bitcoin was designed to prevent. Stablecoins exist on a spectrum of centralization. USDC and USDT have blacklisting capabilities and comply with law enforcement requests. Meanwhile, projects like DAI aim for more decentralized approaches, though they're not perfect either. This tension highlights crypto

Hidden5G

Tether has a stable coin rating of D from Bluechip, due to its continuous full audit avoidance. USDT is also restricted in parts of the world because regulators don’t consider it compliant or transparent enough. In the EU, new rules pushed major exchanges to remove or limit USDT trading, since it doesn’t meet stricter standards for reserve clarity and oversight. Some regions allow people to hold or withdraw it, but trading pairs are being phased out. regulators don’t fully trust how USDT handles its backing and reporting, so its use gets limited wherever laws tighten.

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tornavec

That's incorrect. UST's collateral was Bitcoin and LUNA. Its depeg was directly triggered by LUNA's collapse. Similarly, Tether's USDT faces depegging risk from BTC volatility, compounded by their lending activities

escapegoat2000

It is better to deliberately invest in crypto. You have bills in fiat and you have signed up for fluctuating amounts. Unless you get paid in USDT like me, in which case it is like normal money but costs $30 to convert

BunnyKomac

Depends how you get paid, if it's USDC or USDT, it's safe, can fluctuate a tiny % but it's stable. If you're paid in the coin of your company then it's a bit more volatile, depending on the market cap of the coin. The higher it is, the less volatile it can be. If you wanna invest what you earn, then it's a bit easier since you can just directly buy your favorite coins instead of having to first deposit from the bank and then doing everything else. Hope I was clear enough lol.

arctic_bull

Neither does any major stablecoin on a public chain. The actual dollars are custodied at the issuer and the issuer can freeze the USDT or USDC (and several others) in your wallet by publishing your wallet address on their blacklist that all the miners check.

thinkingperson

Most agreed. In these four years, the only time I got to use crypto to pay for a service was a month ago, and it was with USDT. 😶

VoxImperii

Think whatever you want; the vid is 4 years old, a lot has changed in the meantime (both of what I said above about gold and T bills are public record, I also forgot to add that they have US govt servants on their advisory board now) and the part about UST comes from noobs fundamentally not understanding what algo stables are (vs. the more traditional stables like USDT/C which don’t need algos to keep their peg and are impervious to such attacks by basic design). I’ve been in the space since nearly its inception, saw the USDT fud every single time it came up, and at some point they became not just too big to fail but legit. Stay in the space for another decade, research more and you’ll see as well.

milnivek

https://www.binance.com/en/trade/USDC_USDT?type=spot Look at the orderbook liquidity at 0.9999 and 1.0000

Street_Outside_7228

Well I mostly don’t but I’ve seen skewed prices on Kraken and Crypto com so far, buy USDT for 1.01 sell for 99-98c or a 2-3% spread. Which CEX do you use that doesn’t charge you spreads?

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ForVictori

This gold is meant to back their other crypto token XAUT, not their USDT.

Lonely-Internet-7565

If not USDT then nothing because of Tether gets fucked, then whole market is done for

Spoofik

Forgot to add another interesting method that I used last time. https://near-intents.org/ Here you need to make a deposit and then you can withdraw, but in a different blockchain. I did the same operation as you, transferring from USDT trc20 to USDT erc20 — everything went smoothly and with minimal commission. At the moment, this is probably the best option from DEX.

Spoofik

https://app.rango.exchange/bridge - metaagregator https://app.thorswap.finance/swap https://app.symbiosis.finance/swap https://defi.swft.pro/#/?sourceFlag=widget-defi https://jumper.exchange/ https://bridgers.xyz/#/?sourceFlag=bridgers https://core.allbridge.io/?f=TRX&ft=USDT&t=ETH&tt=USDT Here's what I've successfully used from DEX for small amounts (up to $2,000)

BraskSpain

That is why they want to end USDT

Ubique008

People have been waiting for a USDT crash since genesis

SSAeternitatis

Nothing Tether says about their holdings can be trusted. This really isn't hard. If they had nothing to hide, it would be in their interests to commit to full, transparent, indepedent regular audits by a respected accounting firm. The only reasonable inference from their refusal to do this is that they have something to hide. The more crypto can transition away from USDT to reputable stables with proven backing, the better.

thinkingperson

Every now and then, there are questions about USDC or USDT. This week we have USDT at the podium.

FlashOfFawn

It’s more like they create a tokenized dollar, then people exchange their USD for USDT and then Tether purchases T bills.

coinfeeds-bot

tldr; S&P Global Ratings downgraded Tether's USDT to the lowest score on its stablecoin stability scale, citing concerns over its ability to maintain its dollar peg. The rating was influenced by Tether's use of higher-risk assets like Bitcoin, gold, and corporate bonds, as well as insufficient audits and proof-of-reserve reports. Despite this, 75% of USDT's backing comes from low-risk US Treasurys. Tether disputed the report, emphasizing its resilience and global utility, while CEO Paolo Ardoino criticized traditional financial rating models. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

OrdinaryReasonable63

USDC is GENIUS ACT compliant, so it's backed by treasury bills and is audited. IIRC they are technically held in custody for USDT by Blackrock but they publish audits, you can look at the portfolio of holdings here: [https://www.blackrock.com/cash/en-us/products/329365/](https://www.blackrock.com/cash/en-us/products/329365/) Tether: ??

coinfeeds-bot

tldr; Tether has become the largest independent holder of gold, surpassing private institutions and hedge funds. This strategic move aims to stabilize its USDT stablecoin by anchoring reserves to a reliable asset like gold, similar to central banks. The decision reflects Tether's focus on long-term stability amid market volatility and global uncertainty. Analysts suggest this could reshape stablecoin valuation and regulation, positioning Tether as a significant player in both crypto and commodity markets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

StatisticalMan

USDC does not have fractional backing and it is backed only by dollars. 1 USDC = >$1 USD held in reserve. USDT on the other hand who knows. Trust me bro cryptography.

_Commando_

USDT, USDC are following the same fractional reserve banking practices as banks... so banks are now salty?...

StatisticalMan

Tether has never been backed 1:1 WITH DOLLARS which is the key thing. Tether has $x worth of "stuff" backing x USDT. That stuff includes crypto currencies which can and do lose value. USDC is backed 1:1 with dollars and audited and under regulatory oversight. Tether is and always has been "trust me bro". It will work until it doesn't.

coinfeeds-bot

tldr; Bolivia plans to integrate cryptocurrencies and stablecoins into its financial system to modernize its economy, allowing banks to custody crypto and enabling digital currencies to function as legal tender for savings, credit, and loans. This move addresses high inflation and currency issues, with businesses already using stablecoins like USDT for transactions. The government aims to leverage crypto's advantages while addressing challenges like currency controls and inflation, reflecting a broader trend of crypto adoption in Latin America. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Hidden5G

Unfortunately for USDT their avoidance doesn’t help their overall image, which has given them the rating they have with Bluechip.

Frustrated_Bettor

It's 100% legit. They have reserves that support all USDT. They are the reason the stable market even exists.

J-96788-EU

Market cap of USDT is going up almost all the time since 2016.

Hidden5G

Tether has a stable coin rating of D from Bluechip, due to its continuous full audit avoidance. USDT is also restricted in parts of the world because regulators don’t consider it compliant or transparent enough. In the EU, new rules pushed major exchanges to remove or limit USDT trading, since it doesn’t meet stricter standards for reserve clarity and oversight. Some regions allow people to hold or withdraw it, but trading pairs are being phased out. regulators don’t fully trust how USDT handles its backing and reporting, so its use gets limited wherever laws tighten.

Artistic_Mango4576

So I also live in SA and saw this pic a week ago. It turns out you can pay at any zapper merchant using Luno Pay.... Tested it out(unfortunately when btc was at $80k) and it works. Luno even gives you 5% back in USDT that you can use to buy more btc. The fees are still a bit wild though

TechnologyMinute2714

Everyone is predicting we're entered or have just entered the bear market, news flash we were already in bear the last year, if we're red on the year how can you call that "bull"? The reason we didn't get massive corrections is opportunity cost and relative correction, everything else pumped while BTC dumped or crabbed that's still a correction that is relative and has a huge opportunity cost + the overall crypto market especially for BTC is a lot more mature with ETFs and institutions so don't expect -80% corrections unless something massively breaks (like USDT or Binance etc.) Now this doesn't predict whether 2026 is a continuation of the bear or a return to the bull idk but usually bear lasts 1 year.

Crypto4Canadians

Check out Bitget as you can earn on both USDC and USDT. They're KYC. I've actually made a YouTube short showing people step by step on how to earn interest on USDC with them if you're interested: [https://youtube.com/shorts/9Wk2S6zIWe4](https://youtube.com/shorts/9Wk2S6zIWe4) I hope that helps and feel free to ask any questions if you've got any.

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Post is by: Upset-Razzmatazz-389 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1p6qsnt/they_stole_over_120k/ I had over $123K on Nexo, holding NEXO tokens, with Platinum status and part of their Private Clients program that even gave me a portfolio boost x2. On October 10, 2025, around 23:00 CET, the Nexo app just stopped working. I couldn’t add USDT, swap, or access anything. I was online the whole time, and my screen-time proves I was in the app the entire time it froze. Then, at 23:12, I got an email saying my LTV changed to 76.92 percent. Eight minutes later, another one says my collateral was fully liquidated. By the time I got back into the app at 00:26, everything was gone. All 123,000 dollars of my assets were gone. This wasn’t a glitch. This was me losing my entire portfolio while trying to protect it. Coinfomania reported back in April that Nexo had already been accused of 10 million dollars in unfair liquidations. Users got only two emails before liquidation, and the app wasn’t even working properly then. Nexo is registered in the Cayman Islands, ignoring EU and US courts, even lawyers’ letters from clients. And Antoni Trenchev? Where is he? Does he even see what’s happening? Unlike Binance, which actually compensates users when their systems fail, Nexo stayed silent. They didn’t liquidate me, they just took 123,000 dollars while their app was down. I’ve heard from so many others with the same story. Same pattern, same silence. We need to come together, organize, and actually do something, because Nexo is ignoring all of us. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Kamalmhassan

So on binance there are hundreds of people of P2P that buy and sell USDT. So you go exchange it with fiat

user_name_checks_out

How can you use USDT if crypto is banned? So you want to go onto a P2P platform and trade BTC for USDT, and then what? Convert USDT to fiat on that same platform? Are you buying or selling?

Kamalmhassan

It will always be USDT and I will use it to buy any currency I want

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Mohammad_Noruzi

1. Trezor is good. there are other options too, which i haven't tried yet. 2. no. that email was a scam. unlike USDT, Bitcoin is not freezable/blockable. no one, including ledger, can't do shit to your Bitcoin. if that email says withdraw your Bitcoins to this wallet and shows you a bitcoin address, DON'T DO IT!!!! 3. a good cold wallet with a passphrase, so even if they managed to get your 24 word seed, they still won't be able to do shit. mind you that if you forget the passphrase, your funds will be lost forever, even if you have access to 24 word seed phrase. please learn about passphrase before using it. it's the most secure setup by far but you need to understand what you're doing.

Silasurf

Good. BTW you never had any BTC. Your stupid exchange of choice had it on your behalf. There is a huge difference. Went right over your head huh… The less ignorant people we have in BTC today, the more of my hypercollateralized sats you will need to borrow (USDT, EURT and other stables backed by bitcoin) in the future from us bitcoiners. Bitcoin is for a smaller group of individuals that truly understand. Your kinda people should stick around swing trading memecoins and other relentlessly manipulated shitcoins… “You need people like me so you can point your fucking fingers and say, "That's the bad guy." So... what that make you? Good? You're not good.” - Mayer Amschel Rothschild & John D. Rockefeller

coinfeeds-bot

tldr; Bitget, a Universal Exchange (UEX), reports that trading volume in its US stock-linked perpetual futures has surpassed $5 billion. The platform offers over 30 USDT-margined stock perpetuals, including popular tickers like Tesla and Apple, with up to 25× leverage and promotional fees. Bitget integrates crypto and stock trading under one interface, allowing users to trade equities and digital assets without separate brokerage accounts. It emphasizes trust, safety, and risk controls, with a protection fund exceeding $700 million. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.