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Exchange USDT TO Monroe #987

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KTzer087 opened this issue Jun 3, 2024 · 4 comments
Open

Exchange USDT TO Monroe #987

KTzer087 opened this issue Jun 3, 2024 · 4 comments
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is:feature Request for a new feature

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@KTzer087
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KTzer087 commented Jun 3, 2024

USDT TO MORENO

@boldsuck
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boldsuck commented Jun 3, 2024

A few days ago we laughed about Tether in Haveno-reto SimpleX chat about: Tether has frozen $435M USDT
A $websearch “Tether Frozen” provides enough arguments why we don’t have USDT. Accepting Tether in Haveno is almost like onboarding the FBI for Haveno arbs. ;-)

@woodser woodser added the is:feature Request for a new feature label Jun 4, 2024
@haveno-user
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Against a market cap of $112 billion, $435M is about 0.4%. By market cap, USDT is # 3 after BTC and ETH; it's # 1 in volume today. I would rather let users make their own risk assessment than try to decide for them which cryptos they should ever use.

There's already been one effort to launch a purely-for-profit fork of Haveno. Refusing to list widely used coins is a great way to give them a foot in the door: They can bill themselves as the free-market fork that will list all the popular coins you don't.

@boldsuck
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boldsuck commented Jun 4, 2024

I'm just a user, I don't decide anything.
And if you didn't realize that your link to the purely-for-profit fork of Haveno is a SCAM, then good luck with that.
And good luck selling your FBI, CIA & DOJ monitored coin in the Monero community ;-)

@preland
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preland commented Jun 9, 2024

If people in the community want USDT to be added, then it should be allowed as an option.

That being said, I have incredibly large trust issues with Tether in general, to the extent that I have only ever held any amount of Tether for less than 15 seconds on a CEX. I cannot recommend using USDT for, well, any purpose, but if others do not see it that way then it should be added (with exceptionally strong disclaimers, especially for a cryptocurrency).

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