WOW
If this is the end of tether, you can bet your hard earned BTC that it will fall... and fall hard. If you think you saw a bloodbath of crypto in early January, just wait and see what this CAN do when the fake Tether additions are kept from the markets.
If this is the scam that brings down crypto, how ironic will it be? Digital currencies were mostly used because people hated the fact that central bank printed money as they wanted. Now, tether seems to be doing the exact same thing! How's this for decentralized currency?
Topic: USD Thethers just unraveled here's the Crypto Meltdown - page 2. (Read 264 times)
I think it will continue to do a good job of staying pegged to the dollar... How they make money... I don't really understand it.
Foreign exchanges all use USD Thethers
It's supposed to be liquid cash in banks to cover investors in USD on exchanges waiting to jump a coin
So the exchanges could be gone in hours
People jump usdt into coins exit hardwallets the exchanges might not cover the exits
So we are looking at possible meltdown of most exchanges in next few hours
Few days best case scenario
If the money's there it doesn't collapse but thethers going into coins on news
Could be fast uptick
Then if exchanges collapse it's meltdown
Exchanges see mass Exodus to hard wallets they close exits
This was warned of for weeks
It's a big thing
It's gonna be interesting 12 hours
Then 48-72 hours
It could all implode
I think it will continue to do a good job of staying pegged to the dollar... How they make money... I don't really understand it.
Here's an example link, FYI:
https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/
https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/
All the crypto wires buzzing
USDT is unraveling
There goes most exchanges
The audit relationship is over
Just check any crypto news site
$5k BTC might not be bottom
USDT is unraveling
There goes most exchanges
The audit relationship is over
Just check any crypto news site
$5k BTC might not be bottom
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