Reliability of stablecoins

A

AsianWebmaster

Junior Member

Apr 17, 2022

104

30

• May 15, 2022

• #1

More recently, I learned what a stablecoin is and started using USDT. Just a few days ago, the cryptocurrency market fell heavily, including USDT (although this should not have happened), not to mention other stablecoins, which fell to $0.38. Given the recent times, is it possible to be sure of the reliability of USDT and other stablecoins?

 

I

i_am_that_i_am

Banned - Shitlisted and did not do the right thing

Apr 13, 2013

1,114

545

• May 15, 2022

• #2

Usdt is stable but I use busd more because I have faith in the reliability of binance.

 

Elvlin

Elite Member

Nov 4, 2018

5,067

2,550

• May 16, 2022

• #3

better go BUSD, usdt and busd bot is collateralize by real asset and cash, but usdt cash it's not 1:1 backed anymore. so it's more risky compared to BUSD.
btw don't compare it with usdt. usdt is experimental project on making use a new concept to make new stable token

 

Hawkeye Digital

Rules Violation

Feb 23, 2022

6,316

1,708

• May 16, 2022

• #4

It better to go with BUSD , as Tether is showing some tweaks over this month !

 

Viralboost

Junior Member

Apr 27, 2011

112

33

• May 16, 2022

• #5

USDT has a questionable reserve since the beginning. Better go in BUSD