Topic: Tether loses 10 billion dollars - page 2. (Read 397 times)
This feels strange of course because until now tether has not been a problem whatsoever and it is still very safe for us to use, it is possible that many investors get profits in tether at this time because it has increased and they issued so many tethers at this time, but we also have to be vigilant because not all coins will always be safe for us to use including stable coins of course, So we have to keep abreast of future developments hopefully there is no problem whatsoever.
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After many years the same rumors are still around, but still, it's being used widely!
Tether is trying to comply and meet the minimum standards required by regulators but this rumor will continue for many more years until they become fully transparent. After many years the same rumors are still around, but still, it's being used widely!
I don't really think they can ever become "fully transparent" not that they would want to anyways,i mean they've lied about being pegged 1:1 with USD for many years before they were finally caught.
USDT is still the grand master of stable coins and it's audited too, I dont know why people are worried about other stable coins because of what happened to UST, we can clearly see how incapable the Luna teams are so do not compare UST with others.
It didn't just happen to UST, it happened to USDN and DEI as wellInvestors have taken out 10 billion dollars out of tether in these past few weeks according to The Guardian
You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
How do you tell if they are just only "Investors"
There has been a lot of FUD surrounding stablecoins especially after a couple of them depegged so yeah people are selling hoping that USDT might crash too. Just check out USDC's market cap. It's now the 4th in the rankings. Have you ever seen anything like this before?
You should be more careful with using the term. The way you said "loses" made it appear the company actually lost money. Yes it's not a small amount but it's a normal transaction for them. I'm sure they have anticipated large movents like this.
....
After many years the same rumors are still around, but still, it's being used widely!
Tether is trying to comply and meet the minimum standards required by regulators but this rumor will continue for many more years until they become fully transparent. After many years the same rumors are still around, but still, it's being used widely!
I don't really think they can ever become "fully transparent" not that they would want to anyways,i mean they've lied about being pegged 1:1 with USD for many years before they were finally caught.
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as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
With the UST blunder everyone is skeptical about the so called stable currencies and that is the main reason everyone is selling off their USDT as well because they too have a fair share of issues when it comes to transparency and faced legal issues in the past and you never know when it will fall as well because it is certain that only a small portion of it is pegged with actual US dollars. as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
You should be more careful with using the term. The way you said "loses" made it appear the company actually lost money. Yes it's not a small amount but it's a normal transaction for them. I'm sure they have anticipated large movents like this.
....
After many years the same rumors are still around, but still, it's being used widely!
Tether is trying to comply and meet the minimum standards required by regulators but this rumor will continue for many more years until they become fully transparent. After many years the same rumors are still around, but still, it's being used widely!
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
Most likely, the withdrawal of assets is related to the recent event of the loss of the peg by stablecoins, caused by the events around Terra. The media often writes about the contagion effect, that investors, under the pressure of panic, withdraw their funds and redistribute them to safe havens to wait out this uncertainty in the market. In addition, some evidence suggests that the entire stablecoin industry has experienced an outflow of funds from these assets, as the market is in a bearish trend and this is a normal occurrence.
In any case, if you are trying to hint at a possible usdt scam with these factors, it is unlikely to happen. The market has not yet recovered from the panic that LUNA started, so it is not surprising that investors are leaving the crypto space for a while.
I am more on the idea that some of these whales are cashing out.
Though we can't deny the possibility that some are afraid that USDT may also crashed.
Remember the time that USDT team admitted they were not fully backed by USD assets?
So these whales or big holders maybe are just ensuring their funds are secure in other form.
But I don't think USDT will turn to be scam also. People behind this are already well-known in this market.
And I think, they are pretty established as compared to UST, which is algo-based (no backing of fiat).
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
Most likely, the withdrawal of assets is related to the recent event of the loss of the peg by stablecoins, caused by the events around Terra. The media often writes about the contagion effect, that investors, under the pressure of panic, withdraw their funds and redistribute them to safe havens to wait out this uncertainty in the market. In addition, some evidence suggests that the entire stablecoin industry has experienced an outflow of funds from these assets, as the market is in a bearish trend and this is a normal occurrence.
In any case, if you are trying to hint at a possible usdt scam with these factors, it is unlikely to happen. The market has not yet recovered from the panic that LUNA started, so it is not surprising that investors are leaving the crypto space for a while.
doesn't matter if the reserved fund that's pegged for the USDT is still there and not algorithmic, since it's real backed up with real money then even if there is someone withdrawing more USDT it will definitely be fine.
Unlike algorithmic UST that could get shaken if the market condition become bad and at the same time there is massive selling for the UST because it is an algorithmic that relies heavily in various instruments like other cryptocurrencies.
Unlike algorithmic UST that could get shaken if the market condition become bad and at the same time there is massive selling for the UST because it is an algorithmic that relies heavily in various instruments like other cryptocurrencies.
That's right, While there is still a risk to holding USDT, USDT is not a UST. USDT is backed by the dollar and a few days ago Tether also released the results of its audit for the first quarter with total assets amounting to $82 billion while a circulating capitalization of $74 billion.
Before the collapse of the UST, there were also warnings that the algorithmic stablecoin was unsustainable and would be very risky as it depends on the price movements of bitcoin and other altcoins.
Investors have taken out 10 billion dollars out of tether in these past few weeks according to The Guardian
You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
Or probably due to the fear of stable coin crash especially after what happened to UST in the last week or two, isn't?You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
I assume that whales along with average joes are moving towards the decentralized coins like bitcoin which keep the resistance on line and didn't let the panic selling to consume investors.
Whats the points ?
It's normal in and out money, as long the pegged money is 100% 1:1 by US DOLLAR. Then nothing is wrong, however the speculation rumor the backup asset is not 100% full back up + Tether spread the money not only USDT but also some investment too based the information of their treasure money.
It's normal in and out money, as long the pegged money is 100% 1:1 by US DOLLAR. Then nothing is wrong, however the speculation rumor the backup asset is not 100% full back up + Tether spread the money not only USDT but also some investment too based the information of their treasure money.
I was in crypto before stable coins... when they appeared I remember I saw the same rumors, it's not 100% fully backed up! After many years the same rumors are still around, but still, it's being used widely! Can we make any conclusions from that?! I sure can't!
I also believe it's just in & out money! From 80 to 70 billion market cap is a nice drop, but nothing alarming, in my opinion! Maybe it's Musk withdrawing funds to buy Twiter?!
Investors have taken out 10 billion dollars out of tether in these past few weeks according to The Guardian
You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
Even though on this scale I do see this as a giant collapse in absolute terms obviously but if you clearly see there have been some minor hiccups in the overall chart earlier also which means that there have been times earlier also when such things have happened, one major reason could be some upcoming bullish movement reduction in the amount of USDT might mean people are going to buy alts in upcoming month. It's too difficult to talk about consequences of such a small thing. You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
Investors have taken out 10 billion dollars out of tether in these past few weeks according to The Guardian
You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
I think investors must have think that maybe a similar thing could happen to Tether like the UST of Terra. So maybe they are slowly withdrawing some it and now up to 10 billions have been taken out in the past few weeks.
Of course, for average joe this is scary and alarming because this could mean another crypto bloodbath. Hopefully though those whales are putting it back in the market in other forms of crypto, like bitcoin and any other solid altcoins.
This is actually working out well for USDT as well and Tether company. You know why? Because investors withdrew all that much money, and they were capable of withdrawing that much money without the price moving at all. There are so many projects where if you withdraw 10 billion dollars, they would either not be able to pay it, or they would have a problem in the long run.
This is something we need to care about a lot, if Tether is capable of paying this much, then it is going to end up with a good result in the long run. They are gaining a lot of trust with this move, and people will trust a lot more money to them when the bull market comes by looking at this move.
This is something we need to care about a lot, if Tether is capable of paying this much, then it is going to end up with a good result in the long run. They are gaining a lot of trust with this move, and people will trust a lot more money to them when the bull market comes by looking at this move.
We don't know what that is but something is for sure this is a bear market and we can expect like this to happen. What can we speculate for a stablecoin by the way? I think it doesn't related to the market performance like being FOMO, it's more on the security side I guess considering that UST collapse.
USDT is still the grand master of stable coins and it's audited too, I dont know why people are worried about other stable coins because of what happened to UST, we can clearly see how incapable the Luna teams are so do not compare UST with others.
You cannot blame them, since a so called stable coin collapsed and many are afraid right now that it might happen again to other stable coin. Tether also move on its price and maybe the selling pressure are the reason why there’s a sudden dump. Anyway, Tether are more established, I’m pretty sure they have the back up plans now that they have the idea ok what will happen if a stable coin suddenly become too volatile. 
doesn't matter if the reserved fund that's pegged for the USDT is still there and not algorithmic, since it's real backed up with real money then even if there is someone withdrawing more USDT it will definitely be fine.
Unlike algorithmic UST that could get shaken if the market condition become bad and at the same time there is massive selling for the UST because it is an algorithmic that relies heavily in various instruments like other cryptocurrencies.
Unlike algorithmic UST that could get shaken if the market condition become bad and at the same time there is massive selling for the UST because it is an algorithmic that relies heavily in various instruments like other cryptocurrencies.
I'm just being safe and choosing different stablecoins.I think the last situation has already taught many that it is not worth keeping only one asset so that they wake up in the morning and realize that you have lost everything.It is important to always be prepared for the worst-case scenario.
for now I still see the movement of tether is very stable and still very calm there is no decline there, you should provide evidence and relevant data about the decline in tether, is the chart you sent is a former transaction in and out of someone's wallet, and that's very clear not from the charts on cmc or any other market,
Investors have taken out 10 billion dollars out of tether in these past few weeks according to The Guardian
You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
"investors"
You are pretty naive imo. I think them investors never existed. Do you really believe some big whale (or a few) whales) just decided to pull $10b out of tether (which was 1/8 of tether's total supply btw) just like that? When usdt marketcap was going down it was always round numbers like $1b, $2b, $500m. Now the marketcap is going down and the same thing is happening.
So, investors my ass.
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