If USDT is going to be a problem it should have happened before Luna and FTX, later Tether was audited and they drop proof of reserve too, that's what I read online but I will be surprised if something happened because right from day one all eye is on USDT and Tether.
The biggest fear in the crypto market right now is the proof of reserve being peddled by may projects, I think this will easily deceive newbies into trusting some of these scam projects who may present or publish a fake proof of reserve balance, just to lure investors into investing in their scam, just like Luna and FTX did.
Topic: Tether: USDT is the next token to crash / Tether fraud exposed (Read 291 times)
December 16, 2022, 02:39:40 PM
saw a few strings about tether , saying that it will fall too and that it is running on partial stores. They have been hypothesize ages ago all things considered and in light of the fact that they are not ready to open their books. Yet, up until this point they are quite possibly of the most strong stable coin that we have in the market at the present time.
December 16, 2022, 09:38:25 AM
In the current situation no coin can be fully trusted and is USDT not able to price 1:1 now. So it's a bit risky and crashes can happen with it too like UST. So I only use USDT for my fund transfers and later convert them to Bitcoin or other valuable currencies and if I intend to hold constable coins I prefer BUSD and USDC. But even these are not 100% reliable too
December 16, 2022, 09:28:34 AM
USDT and UST are not comparable , whales still use it to transfer (probably hold) their millions dollars. check whale alert transactions , either USDT or USDC , they use these two , and rarely DAI. i never seen any of them use UST. just random people on reddit promoted it thinking its a big thing and USDT is trash. if millionaires and big money trust USDT then why shouldn't i? they always know these things better than average person.
December 16, 2022, 12:46:18 AM
In this case i said that Tether is a stablecoin and huge amount of people used that Stablecoins in different forms so without any proof why we agreed this agreement tether are crash soon ect . Its a very strong project and i simply said that anyone have some solid proof so its ok otherwise without proof not anyone agree.
December 15, 2022, 01:31:55 PM
Of course, there are many disagreements about stablecoins, but it seems to me that Tether is quite large in capitalization and enjoys more trust than other stablecoins! but again, behind these stablecoins, as if there is some secret! But there is an interesting point that Ethereum and Tether have been recognized as a commodity, but what can this mean?
December 12, 2022, 09:29:25 AM
@OP
stablecoins have a number of inherent problems regardless of their actual "solvency".
I personally wouldn't use them regardless of it and in fact I don't
and as much as possible in my small way I always discourage their use 
-cut-
Please elaborate on what those other inferent problems are, because solvency is the only thing that comes to mind. Because if stablecoins are solvent they work exactly as they are supposed to work.stablecoins have a number of inherent problems regardless of their actual "solvency".
I personally wouldn't use them regardless of it and in fact I don't
and as much as possible in my small way I always discourage their use -cut-
....
if you ask me this question it means that you have never read their TOS
https://tether.to/en/legal/#terms-of-service 
.I always invite people to do such read, because it effectively makes a product of this kind centralized and with a whole series of risks.
Pretty different from bitcoin and the nature of a "crypto currency".
December 11, 2022, 06:48:32 PM
@OP
stablecoins have a number of inherent problems regardless of their actual "solvency".
I personally wouldn't use them regardless of it and in fact I don't and as much as possible in my small way I always discourage their use
-cut-
Please elaborate on what those other inferent problems are, because solvency is the only thing that comes to mind. Because if stablecoins are solvent they work exactly as they are supposed to work.stablecoins have a number of inherent problems regardless of their actual "solvency".
I personally wouldn't use them regardless of it and in fact I don't
and as much as possible in my small way I always discourage their use -cut-
Or are you talking about the centralized connection to fiat money and that they must have technically reversable transactions? That's unfortunately unvoidable when you are talking real life assets backed stablecoins and there's no way around it. But aml regulations are going to be very tight for cryptos with permissionless transactions as well.
December 11, 2022, 04:54:59 PM
@OP
stablecoins have a number of inherent problems regardless of their actual "solvency".
I personally wouldn't use them regardless of it and in fact I don't and as much as possible in my small way I always discourage their use
I don't have the tools or the knowledge to deny or affirm that what you say is true, however, if you call a service as a scam / ponzi you must present tangible supporting evidence! otherwise it is really difficult to be taken seriously and these allegations can be classified as FUD.
stablecoins have a number of inherent problems regardless of their actual "solvency".
I personally wouldn't use them regardless of it and in fact I don't
and as much as possible in my small way I always discourage their use I don't have the tools or the knowledge to deny or affirm that what you say is true, however, if you call a service as a scam / ponzi you must present tangible supporting evidence! otherwise it is really difficult to be taken seriously and these allegations can be classified as FUD.
December 11, 2022, 04:52:03 PM
If USDT is going to be a problem it should have happened before Luna and FTX, later Tether was audited and they drop proof of reserve too, that's what I read online but I will be surprised if something happened because right from day one all eye is on USDT and Tether.
This could trigger another bear trend and maybe this will be the worst one.Stablecoins are on a big threat right now and if USDT fall into a big drop as well, then it will be hard for the market to rise again and for sure, the trust for stablecoins will be at risk. USDT should address every issues and assure the public about the safety of the funds, hoping that this is just a rumor.
I have been using Tether before for my trade but now, after all the issues have been raised, I already stop and not use it anymore.
people should take this precaution seriously. it is not the first time usdt got into this kind of issues. remember, way back in 2019, the tether team itself stated that they were not fully backed with assets. now, we don't know if they are saying absolute truth about their assets. we can use them for trading purposes but holding them long term is not advisable in my opinion. it can go down without a warning.
December 11, 2022, 04:44:36 PM
If USDT is going to be a problem it should have happened before Luna and FTX, later Tether was audited and they drop proof of reserve too, that's what I read online but I will be surprised if something happened because right from day one all eye is on USDT and Tether.
This could trigger another bear trend and maybe this will be the worst one.Stablecoins are on a big threat right now and if USDT fall into a big drop as well, then it will be hard for the market to rise again and for sure, the trust for stablecoins will be at risk. USDT should address every issues and assure the public about the safety of the funds, hoping that this is just a rumor.
I have been using Tether before for my trade but now, after all the issues have been raised, I already stop and not use it anymore.
December 11, 2022, 04:37:53 PM
If USDT is going to be a problem it should have happened before Luna and FTX, later Tether was audited and they drop proof of reserve too, that's what I read online but I will be surprised if something happened because right from day one all eye is on USDT and Tether.
This could trigger another bear trend and maybe this will be the worst one.Stablecoins are on a big threat right now and if USDT fall into a big drop as well, then it will be hard for the market to rise again and for sure, the trust for stablecoins will be at risk. USDT should address every issues and assure the public about the safety of the funds, hoping that this is just a rumor.
December 11, 2022, 04:20:43 PM
In the last days with the SBF investigations, indypendent investigators realized that Tether Ltd. on the Bahamas is just a "mail company" with empty office buildings.
So this is a warning: Do not hold large amounts of USDT or you will lose nearly everything!
Correct me if I'm wrong, but isn't Tether Ltd headquartered in Hong Kong? I think Teher Ltd which is located in the Bahamas is not the original Tether Ltd but a similar company, because logically how can a company the size and magnitude of Tether Ltd be a postal company with empty office buildings? If I'm wrong it would really be a disaster. Me, I naturally do not trust any currency that is supported by central parties. Therefore, as you mentioned, we should not put all our wealth in one stablecoin, as there are many other alternatives. The BUSD is good, as it is supported by the Binance platform, But we also do not trust it completely and diversify our currencies. So this is a warning: Do not hold large amounts of USDT or you will lose nearly everything!
December 11, 2022, 03:08:33 PM
If USDT collapses, We will experience a major devastative dump again just like we have on Luna and FTX. There are still many people who are using USDT and majority of them are newbies who just entered crypto scene last bull market. Tether has many issues before but one biggest issue of them is not having a 1:1 pegged with USDT which is a big hole for the company given that their project is a stable coin. We've seen Terra stable coin before that is depegged because of the flaw in their pegging mechanism. This can happen to USDT too this is why I don't hold USDT.
It is not quite correct to compare USDT and UST, since they are two different asset classes. Tether is a centralized stablecoin backed by dollars and securities, while UST was an algorithmic stablecoin that used the LUNA peg as collateral. If Tether were to crash, the consequences would be even worse than the FTX crash, since most exchange trades are linked to Tether, if USDT crashes, bitcoin could easily drop below $10,000.
December 11, 2022, 12:05:27 PM
If USDT collapses, We will experience a major devastative dump again just like we have on Luna and FTX.
No. If USDT collapses, a really tough winter awaits. Remember USDT pairs are the most popular and Tether is the most trusted Stable coin out there. If it fails, it will diminish the public's trust in Cryptocurrencies overall by a lot. Reasonable or not, it would have a terrifyingly powerful impact.-
Regards,
PrivacyG
December 11, 2022, 10:48:20 AM
If USDT is going to be a problem it should have happened before Luna and FTX, later Tether was audited and they drop proof of reserve too, that's what I read online but I will be surprised if something happened because right from day one all eye is on USDT and Tether.
If USDT collapses, We will experience a major devastative dump again just like we have on Luna and FTX. There are still many people who are using USDT and majority of them are newbies who just entered crypto scene last bull market. Tether has many issues before but one biggest issue of them is not having a 1:1 pegged with USDT which is a big hole for the company given that their project is a stable coin. We've seen Terra stable coin before that is depegged because of the flaw in their pegging mechanism. This can happen to USDT too this is why I don't hold USDT. December 11, 2022, 01:10:42 AM
If USDT is going to be a problem it should have happened before Luna and FTX, later Tether was audited and they drop proof of reserve too, that's what I read online but I will be surprised if something happened because right from day one all eye is on USDT and Tether.
December 11, 2022, 12:44:39 AM
The Tether scam is nothing new. It is a known scam I believe since 2017-2018. The thing is somehow they keep it going because most of the crypto trading volume is happening on tether and if tether goes down, crypto will go down with it. If crypto goes down, almost ever crypto exchange will go down with it and this will affect anyone who holds crypto.
Tether may go down tomorrow or 2 years later from now but it will go down when no big whales are in the game. Obviously it is the retail small investors that will bite the bullet like it always happens.
Tether may go down tomorrow or 2 years later from now but it will go down when no big whales are in the game. Obviously it is the retail small investors that will bite the bullet like it always happens.
December 11, 2022, 12:32:40 AM
Companies in an offshore location are obviously hiding something from the government.
This has been an issue for a very long time. That auditing Tether becomes impossible because them just reasoning it will take time. If the government can print USD just as much as they want, this is also Tether printing as much as they can. We are still in this old fiat system because of this stablecoin.
December 10, 2022, 11:28:25 PM
I have never stacked this kind of coin, precisely any stablecoin.
Trust issues would be the biggest reason for that and the question of why invest with a coin that is just the same value as the paper USD.
I mean, if I will be investing in USD then I'd rather hoard the fiat than in cryptocurrencies. It's not that hard to buy those in people although I think banks are not allowing it.
I used it maybe just for an exchange, without a choice but that's it.
Trust issues would be the biggest reason for that and the question of why invest with a coin that is just the same value as the paper USD.
I mean, if I will be investing in USD then I'd rather hoard the fiat than in cryptocurrencies. It's not that hard to buy those in people although I think banks are not allowing it.
I used it maybe just for an exchange, without a choice but that's it.
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