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...
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...
Nobody ever charts Tether Limited Inc. Real ones say that the markets move the news, not news moves the markets.
if this is true, will there be USDT news around September 11th??
The Hong Kong-based company iFinex Inc., which also owns the Bitfinex cryptocurrency exchange controls Tether Limited Inc. Tether has a market cap around $66 Billion. This stable coin...
Comparison of 3s pairs as well as a few highly volatile pairs on Kucoin during the current bear market downtrend. Published by request of OnlyTradingZaddys, for the love of dads who sip coffee , shitpost, and have meetings at the ass crack of dawn. Cheer's frens 🧡
GL HF BS GN 🦊
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...