Best $USDT Posts

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r/CryptoCurrency

6.2m members

The leading community for cryptocurrency news, discussion, and analysis.

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r/eth_liquidity_scam

3.2k members

This community was started in order to gather information from victims of the recent Ethereum/USDT liquidity mining scam. This large operation began at the end of Sept. 2021 and operates through numerous domains that allow crypto wallet connections. USDT is being drained from wallets through smart contracts that are disguised as a "mining voucher" or "node certificate". This is generally happening through Coinbase wallet app. We cannot allow this to continue. We must take action as a group.

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r/loopringorg

104k members

Loopring Foundation is a blockchain research organization building protocols, infrastructure, and user-facing DeFi products for the future of finance. They operate their products atop an Ethereum zkRollup Layer2 Exchange & Payment Protocol (v3), the Loopring Protocol. These products include the Loopring Wallet app, an Ethereum L1 & L2 social recovery smart wallet, the Loopring Layer2 Decentralized Exchange (DEX), a non-custodial orderbook & AMM-based zkRollup L2 DEX, and the Loopring L2 Relayer.

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r/btc

1.1m members

When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.

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r/kucoin

127k members

Find the next crypto gem on www.kucoin.com, People's Exchange.

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r/SafeMoon

296k members

SafeMoon is a human-focused technology and innovation business expanding blockchain technologies for a brighter tomorrow.

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r/ethtrader

2.3m members

Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology.

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r/Crypto_com

185k members

Crypto.com is the best place to buy, sell, and pay with crypto. Crypto.com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s most widely available crypto card, the Crypto.com Exchange and Crypto.com DeFi Wallet. FAQs: help.crypto.com

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r/Tronix

125k members

TRON is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers base public blockchain support of high throughput, high scalability, and high availability for all decentralized applications in the TRON ecosystem.

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r/CryptoMarkets

1.4m members

Crypto Market Analysis & Discussion. Demand and price, technical analysis, fundamentals, Bitcoin, Ethereum, token, volume, oscillator, RSI, stochastic, trend, trends, sentiment, strategy, coin, coinmarketcap, coingecko, messari, altcoin, blockchain.

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r/dogecoin

2.4m members

The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The much wow innovative crypto-currency.

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r/NFTsMarketplace

276k members

A place where you can buy, sell, promote, and learn more about NFTs! Share your work, tell your story, but most importantly, interact with others, it's the only way to find people that truly connect with your work.

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r/Bitcoin

4.9m members

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

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r/SHIBArmy

478k members

SHIBA INU (aka SHIB) is an experiment in decentralized spontaneous community building. The SHIBA ecosystem has three official coins $SHIB, $LEASH and $BONE.

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r/GateioExchange

33.5k members

Welcome to the official subreddit of Gate.io, one of the largest cryptocurrency exchange platforms created to enable traders with revolutionary tools. We are your Gateway to Crypto!

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r/defi

107k members

Decentralized finance, or DeFi, takes the basic premise of Bitcoin and expands on it, creating a transparent digital alternative to Wall Street. DeFi replaces financial companies and banks with open-source code that anybody can use to borrow, lend, purchase insurance or exchange digital assets without the need for middlemen.

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r/AlgorandOfficial

70.8k members

Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. Founded by Turing Award-winning cryptographer Silvio Micali. Algorand runs on a highly energy-efficient network and is carbon neutral.

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r/solana

159k members

Welcome to the official Solana subreddit. This is a place to post any information, news, or questions about the Solana blockchain. Web-scale blockchain with speeds of 50k TPS. This subreddit is operated by the Solana Foundation.

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r/Bybit

34.2k members

Bybit is a cryptocurrency spot and derivatives exchange offering trading on inverse, linear perpetual, quarterly futures contracts with up to 100x leverage; providing users with a highly secure, state of the art matching engine, 24/7 service, and an advanced order system. Get started now: https://bybit.com

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r/Btcexcom

779 members

Launched in July, 2021, BTCEX is a full-category digital asset trading platform. From beginner-friendly copy trading to crypto derivatives such as perpetual contracts, BTCEX has built a comprehensive product line, dedicated to empowering investors to make a better future.

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r/hoge

23.3k members

The Official Community of $HOGE Cryptocurrency - Hoge Finance

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r/ethereum

1.7m members

Next-generation platform for decentralised applications. Dive in at ethereum.org

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r/CryptoCurrencies

379k members

We're Crypto Reddit's Fiji water in a desert of censorship and agendas. Arguably Reddit's best source for uncensored cryptocurrency news, technicals, education, memes and so more!

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r/algorand

76.5k members

The community controlled subreddit for the carbon-negative Algorand blockchain and cryptocurrency.

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r/CoinBase

227k members

Welcome to r/Coinbase!

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r/MakerDAO

36.1k members

The Maker Protocol, also known as the Multi-Collateral Dai system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.

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r/CryptoMars

144k members

This subreddit is for the analysis of risky or super low market cap cryptocurrencies with huge upside potential. • Don't share anything without proper info. • DYOR, NEVER FINANCIAL ADVICE.

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r/AllCryptoBets

122k members

One of the best subreddit for crypto, NFTs, defi and new emerging markets discussion.

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r/CryptoMoon

115k members

Community for Crypto, News, Market analysis and general discussion. Important: posts are NFA and always DYOR.

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r/ledgerwallet

100k members

Discussions about Ledger's products. Visit us @ ledger.com

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171

•Posted by1 day ago

Would you be trusting USDC more than USDT if it repegs today?

DISCUSSION

USDC is currently trading at 0.99$ and is nearing a repeg if the SVB situation is handled soon enough.

However, it still amazes me how weak the response to the depeg was overall, from the media and regulators who would usually seize the chance and start discussing how the stablecoin issuer (Circle) will be taken to court, from the market ( honestly I have expected a much bigger sellout due to this de-peg, but the markets didn't move much), and finally from social media, where people soon divided on whether or not to swap their USDC and started joking about how they expected this happening to USDT instead of USDC.

Basically everyone seems to not trust USDT (or at least that's what it looks like it on this sub), but still, this stable has ~73B$ MarketCap compared to USDC's ~40B$. While most people seems to trust it with their funds, most people seem to have a sum of their portfolio ready to short it at the least possible depeg.

I know crypto doesn't usually make sense anyway, but what do you think about the stablecoin landscape in the near future? Do you think USDT will be the crowned king after it survived the SBV crash? Or is it doomed to be an "IoU" that might expire at any moment? And will you still trust your funds with USDC?

171

569 comments

125

•Posted by5 days ago

Why is USDT still widely used after its controversies and problems became public?

Title is question. After looking into the background of Tether (coffeezilla videos are helpful!) I quickly came to the conclusion, that I don't want to use USDT. It didn't pass my personal diligence. However, I still see USDT widely used in AMM, on platforms, on bridges etc.

Since there are objectively better alternatives (DAI, USDC) , why even have USDT anymore? Shouldn't the community boycott and stop holding/using this token after its public controversies?

After all, the more popular it is, the more new people in crypto may think, that the token ist just "another USD pegged reservd token" managed properly. This is however untrue.

What do you think? Am I missing something?

125

106 comments

•Posted by4 days ago

75% of /r/CC readers haven't been around for this tidbit: there was a time when tether (USDT) lost its peg in 2018 for about a week.

DISCUSSION

So quick tangent: the subreddit's subscriber count really began to pick up at the end of 2020 to the end of 2021. Maybe 80% of the reader count we have now joined back then.

https://imgur.com/a/0QGz7lh

I remember the day when tether lost its peg nearly 5 years ago. They still recovered... This is not financial advice, but whether or not we can and will see USDC recover, well that's a different story. I sincerely hope they do recover because they seems to have a more "legit" business story and background than tether.

EDIT：Coinbase has suspended USDC converatibility to USD: https://twitter.com/coinbase/status/1634399032767307776?s=46&t=ndTL4Q7evm-vuNA-KeGTtQ

It amazes me how many people have shown up in this thread that just say "oH bUt UsT wAs A sTaBlEcOiN aNd It WeNt To ZeRo." without understanding backing by assets. USDC is -supposedly- pegged 1 to 1 on the USD. Tether is backed by a mix of cash reserves (at 70% of market cap) and paper investments.

EDIT 2: Binance has temporarily stopped USDC to BUSD auto-conversions for the time being - https://twitter.com/binance/status/1634361554543030273?s=46

NOT FINANCIAL ADVICE:

My own opinion is that this might be resolved in a week or two (DO NOT TRADE BASED ON THIS ADVICE). Somehow this reminds me of the "bitcoin inflation bug" early on in like 2010 that required coordination from multiple parties to create a rollback to a safer block state and a patch to fix: https://decrypt.co/39750/184-billion-bitcoin-anonymous-creator

EDIT 3: /u/me-you-and-nothing has pointed out that in the beginning there were times USDC broke its peg in a positive trend (greater than 1 USD per USDC) if you go far enough back on its chart on Coingecko / CMC - https://www.coingecko.com/en/coins/usd-coin

85 comments

•Posted by2 days ago

In how many crypto incidents you have been affected? (USDT, FTX, Voyager, BlockFi, stable depeg, etc...)

DISCUSSION

Well, this weekend we are surfing the USDC depeg incident. But before this, we had many other cases of incidents where lot of people losted money, in all of them because human greed, scammers, malpractices and other reasons where always is human wrongdoing that ends up affecting us all.

Have you been affected by any of these cases? In how many, in which ones?

In my case i swapped some USDC to UST 2 months before the Luna meltdown, and when things started to fall apart i swapped back to USDC and losted near 1.x%, if i take the 2 months farming i didnt got hit, and i got that luna airdrop that still goes monthly a little bit of it. On the other big cases of FTX or Voyager or other exchanges i didnt got hit, but i have a good friend that losted a big amount, near 30% of his portfolio, and you can hear stories all the time. Now with the USDC drama we are living i swapped all my USDC to USDT on Friday, losing very little like 0.1% becase i was fast at seeing what was going on. But majority of people werent on twitter checking the live news...

I feel that in most of the cases you have some hours before things go crazy, in some cases even more time. For example FTX had 10 days since the Coindesk article hit to their meltdown, but in those 10 days most of the people were thinking ah FTX its too big, it wont fall down, but then it did.

Time matters in getting out, and it feels stressing that you need to stay vigilant every day so your money dont disapear :/

Edit: the USDT from title meant for UST but well, USDT also suffered several depegs in their history so it can also be part of peoples stories

99 comments

•Posted by11 days ago

USDC restrictions being rolled out in Canada, extorting 100 USDT to get any USDC amount back

Crypto.com Exchange/Exchange App 📈📉

see full image

95 comments

834

•Posted by2 months ago

Crypto.com is delisting USDT. What do they know? What’s happening?

DISCUSSION

So I just got an email from CDC that they will be delisting USDT from their App, Exchange App, Earn program, as well as other services CDC offers will be removing USDT.

What is going on with tether to warrant this from a big exchange? Are more dominoes going to start falling in the next few days? If something big happened these last few days then please fill me in, because I left crypto out of my mind for a relaxing week. I didn’t expect to come back from this short of a crypto break and start seeing tether start getting…untethered (this pun will stay)

Edit: seems like Canadians are getting this email right now

834

561 comments

•Posted by15 days ago

Binance Trades Majority of BUSD to USDT, 5 Billion Dumped for Dollars

MARKETS

Since Feb 13 Paxos stopped mining BUSD. Most likely from SEC pressure. Over 5 Billion BUSD has been redeemed for dollars. A good since it didn’t depeg. Also all withdraws are still active thankfully. So there were about 16.1 billion BUSD coins in circ, but now there are around 11,129,348,406 BUSD circulating. Binance trade the most volume at 6.84 Billion and the majority of transactions have been found to be to USDT. Strange enough the Turkish Lira was about 3% of transactions.

While this is all a lot to take in and understand why Binance wouldn’t try and back up their coin and instead fold but the bright side is….

No one is losing money

BUSD is still 1:1 pegged with the $

No accounts are “temporarily frozen”

Withdrawals are active and user funds are safe and sound

Binance isn’t being shit down by the SEC

Now we can just add BUSD to the list of dead / dying stables coins. In the coming years I hope to see more controlled burns like this when we see a token die. Binance is trying to make sure the market knows everyone is fine and most likely this is due to new regulations in swing. USDT is going to stay the popular option for now with low fees and not under the thumb of regulators for the moment.

67 comments