Should I store my assets in USDT?
I will try to answer this question mostly utilizing the Fundamental Qualitative Analysis.
Tether, USDT is a well known stablecoin (reference the chart). There are many just like it, Circle's USDC, Binance's BUSD, MakerDAO's DAI, they all promise a 1 to 1 peg to the USD (at the time of writing 1 BUSD is...
Following the cryptocurrency market turmoil, the total supply of stablecoins has fallen quite significantly. This reportedly marks Q2 of 2022 as the first time in crypto history where the overall supply of stablecoins has decreased.
Over the past month, the total supply of all stablecoins combined declined by more than 10 billion (equally +$10 billion), even...
In our previous posts, we warned about de-pegging of the Tether stablecoin from the U.S. dollar. The precedent was set when Luna stablecoin fell 99%, spilling to other tokens and temporarily breaking the peg between the USDT and USD. With the recent crash in the cryptocurrency market, we remain very pessimistic about its outlook.
This volatile market is very dangerous if you are holding USDT too.
When UST, Luna`s stablecoin depegged from the USD value, USDT went down to $0.94 and then back up.
This time, with the sharp sell-off of all assets, the threat of depegging is bigger and more dangerous for Tether.
I would rather avoid USDT and BUSD for now.
Tether has been off the peg for so long that they now have a blog post redefining what an asset peg means so that people stop asking them why they are off the peg.
Target is 0 on this
Thanks and take care
Just an anomaly or is something going on here?
If you think tether will be used/abused as a scapegoat for a market crash and more stringent regulations by the same people who have been using it to control and own the market (and make a tidy profit at the same time), gimme a like.
Be careul out there.
Hey, hope you guys are doing well today, just wanted to make this Idea so that I could at least have under my belt that I witnessed the depeg 'albeit small' of USDT but also give some important insight on USDT and some facts your really gonna wanna know.
This also simply has me wondering some stuff about Stable coins as I'm sure many others...
The recent market volatility and unprecedented movements in the cryptocurrency market brought along the critical question of stablecoin safety. Just within a matter of a few days, the whole cryptocurrency market was shaken up by the downfall of a stablecoin named Luna, which lost 99% of its value; this sets the ominous precedent for what might occur in the Tether...
UST has lost its peg to USD, and I do not forsee any attempts to repeg the stablecoin as being successful. This has significant implications for USDTUST or "Tether":
1.) The psychological "suspension of disbelief" has been broken. Reality has set in that stable coins can, and have, lost their peg. Previously there was no major stablecoin to have completely broken...
USDT is considered the biggest stable coin in the crypto market, based on market cap, while some argue they are not transparent at all.
Which one is safer ? USDC is the better one with strong investors / issuers backed. At least, we have some ideas how much USD in their treasury and what kind of assets they are investing
USDT - shorting USDT / USD gives you ...
Yesterday we saw a huge plummet of ust (terra) stablecoin.
Because of that Luna dropped 99% and currently is traded under 0.15c
If you check other stablecoins, you can see that there is a lot of volatility lately and slowly but surely they start tanking down.
What does it mean to us?
1. Stablecoins aren't stable anymore
2. It's better to wait the storm out in...
If Tether Group (owned by Bitfinex) just kept one USD in the bank for each Tether they minted I would not be writing this idea. It was the whole idea of the thing in the first place.
They have been investigated because it's not entirely clear that they do, but no one has ever exposed them completely, so one USDT is still one USD. Till today.
I have always been...
Short all the stable coins close to 1 as you can with MAX leverage.
The trade is hugle assymetric. Max loss is 1% but max upside is 100% thats 100/1. 10-20x leverage should be used too.
NO.1 trade rn folks
Thoughts on shorting tether with max leverage possible? It's a long shot but besides some fees there in my opinion is only upside if worst case scenario for tether happens. Which exchange would be best and thoughts about the idea are more than welcome.