Hello,
Tether dominance seems to trade in a curve, this is atleast a legit idea until we dont see new ath´s here.
At some point i expect Tether to depeg again when its absolute market cap (maybe soon) is declining.
It also did this in 2018 and had a depeging for some Weeks.
I get it, the ask for digital dollars is generaly high, just like real USD (Stablecoins seem the only coins which had increasing marketcap in recent months).
But Tether has serious red flags and should be avoided.
Its just a matter of time when stable´s will get heavily regulated and i expect declining marketcap afterwards. So we may just be peak Tether dominance.
When regulations come Tether will have to show more precise proofs of backing.
And in case it doesnt have the usd for every usdt then we may even see some serious (longterm) depeging.
I would suggest to not use Tether´s stablecoin as it seems just avoidable risky.
DYOR and please leave a like =)
Tether dominance seems to trade in a curve, this is atleast a legit idea until we dont see new ath´s here.
At some point i expect Tether to depeg again when its absolute market cap (maybe soon) is declining.
It also did this in 2018 and had a depeging for some Weeks.
I get it, the ask for digital dollars is generaly high, just like real USD (Stablecoins seem the only coins which had increasing marketcap in recent months).
But Tether has serious red flags and should be avoided.
Its just a matter of time when stable´s will get heavily regulated and i expect declining marketcap afterwards. So we may just be peak Tether dominance.
When regulations come Tether will have to show more precise proofs of backing.
And in case it doesnt have the usd for every usdt then we may even see some serious (longterm) depeging.
I would suggest to not use Tether´s stablecoin as it seems just avoidable risky.
DYOR and please leave a like =)