1. 07-03-20 02:12 PM #1
    Moneygreen
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    Tether deposit in AC88

    Got this email below from AC88 earlier. Anyone knows about Tether? Have you tried it? Is it good to use for deposit?


    "Hi Xxx,

    We are thrilled to announce that you can now deposit using Tether (USDT - ERC20).


    Yes! We have added a new payment method to give you more options!
    Tether is another cryptocurrency that offers faster confirmation without big fluctuations.



    What are you waiting for? Try our newest payment method and enjoy fast and hassle-free transaction.

    Our support team is open 24/7 for any inquiries about Tether (USDT – ERC20)


    We will be happy to assist you!"
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  2. 07-03-20 04:15 PM #2
    deadley
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    Tether (USDT) is peg with USD, it normally don't fluctuate at all, it's value 1$ almost everytime.
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  3. 07-04-20 01:25 AM #3
    clockwise1965
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    Stay clear. Frauds
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  4. 07-11-20 09:12 PM #4
    ClimbSomeRocks
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    Tether is a stable coin. It allegedly has 1$ backed for every 1 Tether in existence... But the proof is lacking. Also, at one point- Bitfinex, the creator of tether was insolvent so they were fractionally backing tether (this is memory and 2nd hand info- but I believe it is accurate).

    In short, Tether will work until it doesn't. It'll be valued at or very near $1 until it crashes to nothing. I believe it's vulnerable to black swan events. Finally- I've heard on two podcasts RECENTLY that tether is NOT censorship resistant. This is why we use Bitcoin in Sportsbetting. To get around restrictions from governments who choose to censor sportsbooks from the legacy financial system.

    I've never, and won't ever touch Tether. The advantage would be the lack of fluctuation in short term price... but I have a long term positive outlook on BTC. So there's literally nothing about tether that I like.

    The biggest demand imo for Tether and these other stable coins are people who don't live in the USA who want dollars. It's difficult for them to get access to dollars in the legacy system- however it's easier for them to get tether.
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  5. 07-22-20 12:07 PM #5
    Moneygreen
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    This means it is still better to stick with Bitcoin to use for deposit then. 🤔
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  6. 07-22-20 05:25 PM #6
    LLXC
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    I wish they settled on a more reputable stable coin, like USDC.
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  7. 07-22-20 07:40 PM #7
    HeeeHAWWWW
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    Stables are a great idea, but I wish there was some more solid basis for some of them. Might have to wait for more formal regulatory acceptance for that,
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