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Topic: The most stable coin" USDT" ,have the possibility of collapse?? - page 3. (Read 653 times)

newbie
Activity: 27
Merit: 0
The most stable coin ,have the possibility of collapse?

This question Troubled me for long time,Thanks for answer Smiley


USDT are equal to accounts payable for the exchanges. It is not any more risky than having btc or any other tokens stored at an exchange.
 The only risks is you are trusting the exchanges to keep your coins safe and not steal them. If they run away, than yes USDT and all of the tokens on the exchange becomes worthless.
on it's own, it is not possible for USDT to collapse regardless of how much or how little the marketcap of USDT is.

USDT is not the printing of new money. It exists because you deposited money into the exchange.

even if there is a so called bank run, that shouldn't be a problem, because unlike a bank, exchanges are not in the business of fractional-reserve banking.
and no, I disagree that USDT needs to go. Sometimes an investor wants to sit on the sideline for when they believe the market will go down, and that is when they will park their money into USDT.
jr. member
Activity: 87
Merit: 1
Helli everybody
Have another choose^^?  No.2 stable coin?? Huh
full member
Activity: 280
Merit: 101
Blockchain with a Purpose
many altcoins got collapsed but most of them are just a scratch and don't have the potential to boost. But this USDT altoin will never collapse, it may fall down now but it will move upward soon.
legendary
Activity: 2436
Merit: 1561
USDT needs to go, I agree.

Yeah, but hope they could print a couple of $billions and prop the price up to ~$25k before they go under. It costs them nothing after all.
jr. member
Activity: 40
Merit: 1
USDT needs to go, I agree.
jr. member
Activity: 40
Merit: 1
How can't it collapse? Won't they just print more USDT?
legendary
Activity: 3346
Merit: 1191
1 USDT worth 1 dollar because exchanges keeps a reserves of dollars to back every tether. Run by exchanges its somehow centralized and depends from them. You need to do a search on this some people behind bitfinex are behind tether too, and they were hacked not so long time ago. You can find a lot about that, its recent history.
Tether isn't an investment, its just useful as alternative to fiat, or to say dollar. They even had some hack two months ago, 30 million tether stolen from their system, as they say. That wasn't so big news but if you plan to invest in something do a full research don't be lazy.
full member
Activity: 309
Merit: 102
Presale is live!
Yes. Many people think it could collapse anytime.
legendary
Activity: 2436
Merit: 1561
The most stable coin ,have the possibility of collapse?

This question Troubled me for long time,Thanks for answer Smiley

Yes.
jr. member
Activity: 87
Merit: 1
Helli everybody
The most stable coin ,have the possibility of collapse?

This question Troubled me for long time,Thanks for answer Smiley
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