>>>Before accepting USDT, check the wallet address to ensure you do not receive stolen coins and avoid potential problems in the future.
How do you check against it ? is there a reliable website to check the address ? Also what are the odds of the other party lying about the address ? like giving you a clean address to check but then proceeed with trading the dirty coin ?
>>>USDT has taken over the world. Not just the crypto world, but the real economy. For example, I know there are businessmen who trade wholesale spices around the world. They're usually in poor countries and have zero trust in the banking system, so all their transactions are USDT-TRC20 (on Tron).
>>>The potential problems behind USDT are much, much greater than the lack of interchangeability. But the market (voluntary human activity) accepts (consciously or not, it's hard to say) all the potential problems of USDT-TRC20 in order to have a "bank in their pocket".
>>>When USDT collapses, it will simply be the biggest crash in crypto history, which will also have a very strong impact on the real economy.
>>>Unfortunately, most people are too lazy to learn something new, which is why they use USDT.
I think USDT and all the stablecoins replaced the traditional e-digitial cash systems such as Paypal Payoneer and others in a very short time, since these e-cash systems were heavily used in third world countries
Also transactions are conducted in US dollars. There is no Account no KYC you just open a Tron wallet and you are set. very powerful tool. these poor countries people understand it well, there is another aspect to USDT which is liquidity I think last time I checked Tether hit 127B or something in total on both TRC20 and ERC20 which is crazy
>>>These people have a different mentality. So, I don't think they think about it. Just always be ready to resist and fight back.
What is their mentality ? I am still trying to understand how they think, I couldn't comprehend it yet...I cannot imagine how they could stoop to such a low level without asking themselves, “What are you doing?” yes, they are scums.
Much respect to you, Thank you for taking the time to explain all this to me. ❤