Is Tether a Fraud?

[novy]

I am not 100% sure of scam, but there are a couple of facts. Each time tether portion is arriving on bitfinex BTC price is moving. So likely they are doing some pump or dumps. The coin has no audit, it is really crazy but true. 

[Raddo]

no, the USDT price is very stable, I think this will go into the top 5 cryptocurrency capitalization in the future.

[reshat]

The “Is Tether a fraud” question isn’t new. For at least a year market participants have been asking. Tether may represent a systemic risk to the cryptocurrency market since it is widely used as a stable asset to store buying power

[dragononcrypto]

no, the USDT price is very stable, I think this will go into the top 5 cryptocurrency capitalization in the future.

I think the opposite, but that TrueUSD, USD Coin and Paxo will all slowly infiltrate the top 100 followed by the top 40/50.
Tether is done. It will just be a slow sell off from here in my opinion, the value and current growth of "alternative" stable coins, that are regulated and actually backed by the US dollar, confirm this to me. I'm not a fan of stable coins, but I can see the attraction of reliable ones that are emerging.

[waitingforday]

Maybe. No audit, no real proof of money existing, nothing. If USDT crash this will disaster.

If you're holding Tether it looks like a bit of a disaster at the moment, but if you're holding REAL crypto then it's a great day 

Well, 5% price down is nice for sure.

[damsix]

This depends on those who believe in holding USDT Tether coins because BUSD, also a stable coin made by Binance, has now been removed from the market and withdrawn by Cz so that it does not circulate due to various regulatory factors from the SEC, but BUSD and USDT Tether are clearly very different in history and creation.
No, I assure you that USDT Tether will not be a fraud because USDT Tether has a lot of real money reserves and yesterday I also read an article about USDT Tether, namely the money reserves are around 86% of the total USDT Tether in circulation.
It's indeed minus -14%, but for such a very large reserve value, it proves that USDT Tether is a real stable coin and will not be a fraud. In My Opinion.

[Peter90]

the money reserves are around 86% of the total USDT Tether in circulation.
It's indeed minus -14%, but for such a very large reserve value, it proves that USDT Tether is a real stable coin and will not be a fraud. In My Opinion.

If money reserves are around 86% of USDT, USDT is 100% fraud 

What's backing USDT? Tether Reserves Breakdown

[jonathancool220]

the money reserves are around 86% of the total USDT Tether in circulation.
It's indeed minus -14%, but for such a very large reserve value, it proves that USDT Tether is a real stable coin and will not be a fraud. In My Opinion.

If money reserves are around 86% of USDT, USDT is 100% fraud 

I also think like that because the value of minus 14% is very large and it would be crazy if it was actually -14% of USDT from US Dollar.
But what's strange is how come USDT continues to exist to this day and the results cannot be underestimated, even though the entire market for USDT coins has a very large market cap.
Hopefully we can see the best from USDT because it seems like USDT has many problems but is able to overcome them with a balance of benefits or advanced features created by its CEO, Paolo Arduino.

[Wiseman]

the money reserves are around 86% of the total USDT Tether in circulation.
It's indeed minus -14%, but for such a very large reserve value, it proves that USDT Tether is a real stable coin and will not be a fraud. In My Opinion.

If money reserves are around 86% of USDT, USDT is 100% fraud 

I also think like that because the value of minus 14% is very large and it would be crazy if it was actually -14% of USDT from US Dollar.
But what's strange is how come USDT continues to exist to this day and the results cannot be underestimated, even though the entire market for USDT coins has a very large market cap.
Hopefully we can see the best from USDT because it seems like USDT has many problems but is able to overcome them with a balance of benefits or advanced features created by its CEO, Paolo Arduino.

There is a similar topic where the author says that USDT already has 100% collateral, I personally did not know that they have such collateral and asked him where he got this information, you can find this topic and read what the author will write.

[IyemRoker]

,you can find this topic and read what the author will write.

The problem is, do you want to write about the topic if this USDT Tether is not a Fraud?
Or maybe another topic that is able to write that USDT Tether is not a Fraud?

And the question is also if the USDT Tether is Fraud, then why until now this coin is still number 5 in Coinmarketcap?
I am confused which position to be in this position because of this USDT tether I also keep it in personal wallet and often trade it at Binance.

[Z-tight]

Usdt is so manipulated that there are a lot of coins flying around that are backed by nothing, the issuing company can print usdt as they like and it is obvious that they do not have enough reserves to cover their liabilities. I don't think it is wise for someone to be saving their funds in usdt, when they can do so in a coin like BTC that is censorship resistant and permissionless.

[SatoshiNakamoto]

Unfortunately USDT has an unlimited supply until the time comes that USDT can be used to destroy Bitcoin, but we all don't know when that will happen because USDT is currently controlled by the global elite who control the circulation of money in the world.

[Brewmaster]

I can't predict the future, but it's important to note that Tether has faced scrutiny and concerns regarding its transparency and reserves. The stability of any cryptocurrency, including Tether, depends on various factors, and it's advisable for investors to stay informed about regulatory developments and conduct thorough research before making decisions.

[Alston Liu]

damn, why people call it stable coin then?

[masudginanjar]

I also have a little USDT in a CEX wallet like Binance because just to anticipate if this USDT becomes a scam, I don't lose too much.
I think USDT is not a fraud because USDT has a level of trust from all investors and traders because we can see that the USDT market is spread everywhere.
But there are still many who say that USDT is a coin that will be a scam because USDT does not have a money supply that matches the real one.I'm sure the people who think that USDT will be a scam are people who understand finances in blockchain technology, they are not just random people.