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.
Topic: Tether loses 10 billion dollars - page 3. (Read 397 times)
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 ?
People like this see things based on opportunities, maybe there are new things they see, so they need to take that step in securing their assets, for now people who have assets in Usdt need to be aware of this, maybe in the future they will make a scenario massive correction of Usdt and we never know for sure what they are planning in the future 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 ?
there is no valid news source with what you are talking about the picture you provide as a chart also does not make that proof that anyone or company has lost that much USDT and it has no impact at all on the USDT market at this time they are still stable and calm. If what this graph means is transactions that go out of USDT supplies into people's wallets, I think that's normal, they are working properly.
This is a small amount for the crypto market, maybe the manipulators want more panic.
However:
Andreessen Horowitz raises $4.5 billion crypto fund to take advantage of bargains in down market
https://www.cnbc.com/2022/05/25/andreessen-horowitz-raises-4point5-billion-crypto-fund-in-down-market.html
However:
Andreessen Horowitz raises $4.5 billion crypto fund to take advantage of bargains in down market
https://www.cnbc.com/2022/05/25/andreessen-horowitz-raises-4point5-billion-crypto-fund-in-down-market.html
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
This is bear market, did you know how many dollars that has been taken out of bitcoin and all altcoins? It is in billions. This should not be a panic, tether was once worth less than $10 billion in 2 or 3 years ago but its price remain stable with dollars which it is pegged with.You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk
What I did not like about tether is just that the coin is centralized and can be frozen even on noncustododial wallet by Tether developer. This is a reason not to buy tether.
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.
For whatever it's worth, I feel like this will be a historic day for Bitcoin and other cryptocurrencies in general. It's not just that there are doors open to other financial industries. as you mentioned above what's interesting about this situation is that for the first time we can actually see how much USDT is in circulation and who owns it on the other hand Tether has no intrinsic value, it was the first cryptocurrency to exist and struggled for years below the 1:1 benchmark because people still believe it.
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 ?
They know something we don't know. Probably their own agenda. They were taking huge amounts of their USDT. That proves that if there will be something bad happening. I may think if what already accused by a member here may become true. Tether has not fully backed by the dollars and those whales are feeling worry with it and they are taking their money from the market rather than put their money into the risk caused by UST has proven even stable token that can collapse anytime.
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 ?
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