Discuss
Finally domt need to use bittrex to tether up
Is Maker/Dai in trouble?
>It's another stablecoin
Okay?
Moon mission, goys.
But it can't hurt to have an alternative to Tether. It will create a weird situation though. Will they just create TUSD pairings for the existing USDT pairings, which would basically cut each's trading volume in half? Or will they only have BTC and ETH pairings for it? Or just eventually use it to replace USDT? I'm curious as to what's their plan.
Also, is TUSD supposed to be that much more legit than USDT?
>Moon mission
Fucking how? It's pegged to a dollar. It's about as retarded as saying Tether is a moon mission.
TUSD 1000$ EOY cap this
Binance will open trading for TUSD/BNB, TUSD/BTC and TUSD/ETH trading pairs at 2018/05/18 04:00 AM (UTC).
That just tells me the market is retarded. It is supposed to be $1 = TUSD. It isn't supposed to moon or crash.
Thanks, looks I should just go to sleep, I looked at the page but hadn't seen that. It's still an interesting addition.
Hahaha
short Tether 100x leverage right now
Fucking idiots
Maybe it's bots being programmed to buy as soon as listing news appears. It's already reverting back to a more normal valuation.
>Short tether
>Never get liquidated
>Eventually profit when tether fails
Has there ever been a more solid trade?
Why would tether price eventually fall? It would be easier to maintain it at 1usd with less people using it and don't you have to pay for daily fee for shorting?
Pic related
Some people doubt its legitimacy and say it isn't backed/was never backed by anything. Others say that they've looked into it and that it's all on the up and up. Everyone is just speculating, chose your camp.
what a useless POS. every stable coin is fake news
read the info/summary about TUSD.
could this be a major fiat payment gateway?
it requires kyc to use... but it sounds like you can cash in/cash out with this thing into real dollars...
that is, of course, if you're ready to pay your taxes. this means, however, that this all sound highly official and legit...
future will tell... but this could be a normie-money floodgate, if marketed right.
Short term yes long term no
Doesn't matter if it is a normie gateway. Its a fucking stablecoin.
logically, how could tether be backed by anything unless you were selling btc direct to tether corp? My finance lessons are too far behind me now to comment in depth, but they are creating currency out of nothing with a dollar peg and are being allowed to get away with it. Take what you will, but it is a major weak link IF the global elite wanted to crash the market.
Will they have TUSD/USDT?
No
Binanced lists usdt for ages?
People that don't understand the importance of this are brainlets. Tether is a time bomb. TUSD is issued by a US exchange and is 100% solvent, so it's safe unlike tether. If and when tether/bitfinex finally get into deep shit, you'll be comfy as fuck having "just another stable coin".
It is just about who you trust. In the end there is no difference. Just because US hates bitfinex and tether doesn't mean its legit. Guess who started the FUD campaign?
It's not legit*
Here is the thing though. Nobody cares because you can't make money off of this anymore than you could tether. I'm convinced you are a paid TUSD shill because nobody gives a fuck about something you can't profit from.
You dont know what you are talking about. Tether has not had an audit for over a year now. Their only banking partner (in taiwan) scrapped them about a year ago too. Withdraw function does not work. Bifinexit did deny having anything to do with Tether, dispite mutiple evidence/sources pointing towards them.
USTD could be fractional banking and no one even knows. Furthermore no one even knows where their bank is or what jurisdiction it falls under - quite the opposite of ‘fully transparent’ dont you think?
bye bye jibrels lol
does this mean SWAT + FPMITA for the Tether boys soon?
We need sovereign tokens.
Fiat dollars are backed by a national government, their requirement for taxes to be paid in their issued currency, and ultimately violence (borders, laws, police, military). A small company is now creating a currency with none of that and creating a false market by pegging it to real USD. I hold my belief that this is being allowed because crypto is being babied into replacing national currencies and bringing about global governance (which makes complete sense to me desu despite the global turmoil its going to create). At the end of the day, the answer basically is that if you believe in cryptocurrency as a valid replacement of central banking fiat, then you should be in the market and prepared for whatever happens because if the switch happens between the current system into a crypto based future then the run hasn't even budged yet. Allowance of a massive flaw like tether is just another small indication that this is the likely future.
Yeah but like it lets you distribute the risk. If there's Tether FUD from the media then people have other options and there's less panic. This is US audited and it may make people on the sidelines a bit less worried. What I would really like is trades to pseudoyens and shit like that but I mean nobody is going to buy this and check their folio in 3 years.
And you have no Idea how an audit works. You cannot just do a partial audit. Either fill or you let it be. That leads to the release of their banking details. And guess what will happen then. Bitfinex is easily able to back Tether, there is no difference between usdt and trueusd
In the end, i don't really care about it. Parked 6 digits in tether for several weeks knowing that nothing would happen. Now i might park it in trueusd since it is in binance too. But the arguments are retarded If don't know the history
Classic JNT FUD in a random stable coin thread.
kek
hahahahaha jibrel btfo
HOW IS THIS POSSIBLE?
WHO IS GOING TO BUY SOMETHING THAT IS SUPPOSE TO BE WORTH A DOLLAR FOR MORE THEN A DOLLAR
Tether hasn't had a complete audit in quite a while, everyone knows they fired their last auditor. I too have a large amount parked in it but you'd be a fool to continue using it when there's an unquestionably solvent alternative.
bots probably fucking pumped it once binance said they were listing it