USDT (TETHER) | IS A SCAM | WHY OTHER STABLE COIN IS BETTER CHOICE ? |
bitcoin·@tup.crypto·
0.000 HBDUSDT (TETHER) | IS A SCAM | WHY OTHER STABLE COIN IS BETTER CHOICE ? |
Hello SteemianS, how you guys are doing ? I hope you all are having an amazing day !! So, guys here i want to bring you attention about the so called stable token USDT (Tether) how this coin is actually manipulating the market and how it is a clear SCAM in name of the stable coin..! With PROOF  So guys as you know that Bitfinex is one of the biggest top 5 exchanges introduced the tether token- USDT and claims that it is a stable coin and its value will always remain equivalent to $1 okay so on their website tether.to you can actually get tether tokens by depositing real USD in their bank account, they also claim that EVERYTHING is "Transparent" and we have proofs of deposit so that people can trust them blindly but BUT ! They do a big thing which only few people can catch and that is there is no option to convert back those tether to USD ! Thats simple bcoz if the prize is always going to remain $1 then whats the harm? The only way to convert those tokens back to fiat is to convert them to a crypto at any exchange and then to fiat. It simply means they just distributing a shit token token and getting either USD OR CRYPTO in return ? ? ? .jpeg) So, who are the ones in risk??? Tether team who always gets USD and cryptp in return of shit USDT or the ones who are holders who face losses when the price of USDT goes below $1 ? If your tether is alwasy going to be $1 that is backed by banks then why dont you have the buy back service? It is as simple as that it is SCAM!!! Another stable token is TUSD and they have the redeem policy so that holders can any time get the change of fiat at price of $1 on their website that is called the real stable coin. Recently people realised that bcoz btc started shooting fake price bcoz USDT value was falling and in one day all the biggest exchanges announced to list stable coins Just in 1 day Huobi lists $PAX,$TUSD Okex lists $USDC,$PAX,$TUSD Kucoin listts $PAX,$TUSD Even exchanges knew it was scam they took this step to list real stable coins in just one day bcoz traders realised tether is scamming!! And with no surprise tether can go even to 0.5$ and no one can do anything. Now the main PROOF that TETHER is scam, if Bitfinex was the honest claimers of TETHER to always remain $1 then they wud have talked or fight against the claim tweets by famous people but they dont have anything to say for tether going down to 0.8$ instead they tweeted this -  Now anyone who has little brain can understand y they tweeted this? I suggest to leave tether and use TUSD or PAX either, rest is your choice ! Good Luck :) FOLLOW RESTEEM UPVOTE
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