Which Stablecoin if USDT / Tether is risky?

[JohnnyDoe]

The Wallet is owned by a Switzerland company owned by me, I was not able to open a business account yet for the company, that's why I store them in stablecoins.

how did you deposit the share capital without a bank account?

 

[JackAlabama]

how did you deposit the share capital without a bank account?

That is supported by some notaries and provinces. Signing with private key and afaik 50% more capital required bc of vola.

 

[MiddleEuroAsia]

Your assessment is correct: Currently you run three main risks:

1. Your wallet (a simple commercial enterprise) goes bankrupt/rogue and ceases to exist.
2. Your wallet gets hacked and the "stable"coins vanish overnight.
3. Your "stable"coins are less stable than the word "stable" suggests.

Why did you put your money into "stable"coins? If not for dubious anonymity you can achieve the same by holding fiat in an interest bearing bank account.
Even if you require anonymity there are better ways compared to "stable"coins: Keep your money in cash in a mix of different currencies. Perhaps add some gold into the mix.

I mean tbh, if you can't keep a piece of paper safe, I don't know what are they doing being in this forum.

as @JackAlabama said, the seed phrase work on almost any wallet, so all you have to do is keep it safe.

 

[wellington]

Shouldn't be any issues with USDC... DAI etc I'd be more concerned with BUSD, as its issued in conjunction with Binance, which has violated soooooo many laws.

 

[EliasIT]

Swissquote denied you?

Didn't tried them yet.. thanks for the hint I forgot about them.

 

[TheCryptoAnt]

Shouldn't be any issues with USDC... DAI etc I'd be more concerned with BUSD, as its issued in conjunction with Binance, which has violated soooooo many laws.

BUSD is a whitelabel PAX, they just put the brand.

 

[hkrlh1]

BUSD and USDP are almost the same.
Both are issued by Paxos, 100% backed by dollars, regulated and audited.

There's also PAXG, pegged and backed by real gold.