now the price of usdt is still $ 0.9 not so decreased significantly.
https://coinmarketcap.com/currencies/tether/#markets
maybe a lot of people are selling its other crypto and swapping it into usdt, therefore the usdt price is stable.
Topic: Tether (USDT) is it really stable ? (Read 112 times)
Unfortunately in the crypto market nothing is stable. Volatility prevails and false news serves to bring down prices and put the market on a bearish channel. There is a lot of mistrust about Theter.
Honestly if I could I would short tether every time it got close to $1. It is going to be the next mt. Gox. They will announce there was a hack a year ago and all the money is gone. None of what tether does is complicated. They have a token and hold dollars. Nothing magical that an auditor should disagree on.
There is nothing in our world that is stable. But the transfer to Tether was necessary before the collapse of the market. Now there is no special meaning in this. About security. They conducted an audit, and all their coins in the required percentage are confirmed by real money.
That is indeed the odd thing, because when you take a look at the latest published articles about this subject, especially the "news media", somehow there's the general perception that this is all going to fail. Until a bit earlier I actually thought the audit still had to be done, because even now articles are popping up with that.
The chart says otherwise, it's still correcting and there's little variation in the rate USD/USDT.
There is nothing in our world that is stable. But the transfer to Tether was necessary before the collapse of the market. Now there is no special meaning in this. About security. They conducted an audit, and all their coins in the required percentage are confirmed by real money.
I've always been told to keep it in tether incase anything like this happens. Hasn't failed me yet in keeping my money safe, lol.
Any thoughts about USDT and how safe it is or isn't ?
It once fell to $0.85 when even the Kraken intern told traders to short it on their corporate twitter.Otherwise it's gonna be stable at $1 until it probably immediately drops to $0 once an actual audit is made
Any thoughts about USDT and how safe it is or isn't ?
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