macrodata:
There are real world uses of USDT such as payments for decentralized betting, games, online shopping, on-ramp onboarding, payment card processors and almost everything you can think of except being used by government, which is the idea why crypto was created in the first place.

Justinlean02:
Like someone rightly pointed out on a previous crypto thread "Ignorant peope full this forum"

Judithjovial:
OK, be there and be capping shit. We don't need everyone to believe and understand crypto we just keep making our USDT gains 247

Blackfire:



The trick there is that nothing or no one will be held responsible...


I warn ya

Blackfire:



The trick there is that nothing or no one will be held responsible...


I warn ya

EmekaBlue:
to help me get fund my binance. I was waiting for this thread to die down so we can communicate here

dvkot:
and besides I spend my usdt exactly the same way I used my MasterCard.. so you don't really know anything about usdt.
There are several sites that issues usdt MasterCard and with that card you can virtually shop and pay for goods anywhere MasterCard is accepted.
I pay for my Alibaba supplier with my usdt card, you don't really know anything about crypto

Blackfire:


Contradicting yourself...go on

Judithjovial:
OK, be there and be capping shit. We don't need everyone to believe and understand crypto we just keep making our USDT gains 247

Raph3177:

The pic on your profile which platform is that ?

SenecaTheYonger:


Bro that’s not virtual dollar. No US government entity will accept USDT. It’s not dollar. It’s called Tether. Even US embassies won’t touch USDT and you claim it’s their money?

Bluearrow:
Smh
All these govt agents sef
Instead of advising your president to work on the economy, u are talking about usdt. Other countries like Ghana & south Africa, why are their currency not falling because of usdt? I pity una

SenecaTheYonger:


For something to be valuable, it should have a use. What is the use of USDT outside crypto trading. Compare it with the use of actual USD (oil, exportation, loan, medical, tourism, etc.)

I don’t have any problem with USDT but it should not be used as exchange rate for Nigeria’s economy.

USDT is printed by a random company called Tether, same way you can print meme coins in BNB chain, by imputing a bunch of values and boom. Not saying USDT is from BNB network. It’s from Tether.

But the USD is printed by the United States Department of Treasury and is backed by the US government and military.

saddler:


This one is just capping.

USDT is even better than Nigerian naira.

Ask those who put their life saving in Nigerian naira since about 8 years now...

Their money is now worth less than 30% of what it was before.

iLegendd:
Not everything needs to be GOld. Some things just need to be good to GO.

The only people this post can convince not to use USDT are those who haven't started crypto or anything trading yet.

didymario7:


USDT is becoming very popular in online payment. I use it all the time.

SenecaTheYonger:
if you type ‘what does USDT stand for’ in Google you will never see United States Dollar Tether. So now tell me how a token which is printed from thin air, which you cannot buy oil with, you can’t sell oil and accept USDT as payment. You can’t pay hospital bills abroad, you can’t pay schools fees, you cannot export anything of relevance and collect USDT as payment. But somehow this is supposed to be competing with actual USD that we get from oil export and other trading of goods and services, etc.

USDT has no value outside of being a hedge for crypto coins to avoid the volatility typical of cryptocurrencies while holding funds within the crypto system. It has no real world use. But somehow, we use it as exchange rate for real actual dollars gotten from trading goods and services.

NigerianEagle:
The crypto stablecoin USDT is not the same as US$.

This is a warning to those who are rushing to convert their life savings and wealth from Naira to USDT that they are taking a big risk.

The organisation which manages USDT claims that each unit of USDT is backed by an actual deposit of $1 in a bank but they have never been able to prove this.

There is no audit report or independent verification of this, the only document they have is an attestation.

There is a possibility of a stablecoin crashing and it has happened before.

If the USDT sufferers a serious depeg and crashes you will loose all the money you have there.

Go and read up about Do Kwon and his stablecoin UST which crashed and rendered thousands of people bankrupt.

Stop putting unnecessary pressure on the Naira by rushing to Binanc and other crypto exchanges to convert your money to USDT which is not even a legal tender in any country of the world!

NigerianEagle:
The crypto stablecoin USDT is not the same as US$.

This is a warning to those who are rushing to convert their life savings and wealth from Naira to USDT that they are taking a big risk.

The organisation which manages USDT claims that each unit of USDT is backed by an actual deposit of $1 in a bank but they have never been able to prove this.

There is no audit report or independent verification of this, the only document they have is an attestation.

There is a possibility of a stablecoin crashing and it has happened before.

If the USDT sufferers a serious depeg and crashes you will loose all the money you have there.

Go and read up about Do Kwon and his stablecoin UST which crashed and rendered thousands of people bankrupt.

Stop putting unnecessary pressure on the Naira by rushing to Binanc and other crypto exchanges to convert your money to USDT which is not even a legal tender in any country of the world!

Love800:
Use it to do what?

didymario7:

Pay for things online. My webhost accepts usdt, my broker does, vps provider also accepts usdt, prop-firms accept usdt also. I can go on and on...

Love800:
U use a site for dis or an app?

SenecaTheYonger:


For something to be valuable, it should have a use. What is the use of USDT outside crypto trading. Compare it with the use of actual USD (oil, exportation, loan, medical, tourism, etc.)

I don’t have any problem with USDT but it should not be used as exchange rate for Nigeria’s economy.

USDT is printed by a random company called Tether, same way you can print meme coins in BNB chain, by imputing a bunch of values and boom. Not saying USDT is from BNB network. It’s from Tether.

But the USD is printed by the United States Department of Treasury and is backed by the US government and military.

didymario7:


Website.