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Topic: USDT Prices Are Getting Higher - page 2. (Read 251 times)

hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
July 22, 2022, 11:30:03 AM
#7
The good thing in here is if that you're hoarding USDT for quiet a while then it's literally that juicy to have these prices. As other have said, the USDT price is just getting price in USD so it's safe to assume that they'll get the same valuation.
hero member
Activity: 2996
Merit: 524
Leading Crypto Sports Betting & Casino Platform
July 22, 2022, 09:49:44 AM
#6
That's DDOS, there are so many attackers who are aiming for the legit sites that owned by a very well company. So many times those hackers are ddosing the various sites. i don't even see the price of USDT was getting higher and where did you see that? it's still remain the same for now.

https://coinmarketcap.com/currencies/tether/

It's still remain 1 dollar. There's no need to feel worry about that. Tether was using cloudflare that can prevent it. USDT stronger caused by fiat money that has become its reserves to backed the token.
legendary
Activity: 3080
Merit: 1353
July 22, 2022, 03:06:08 AM
#5
I think the issue has been solved by Tether and the USDT itself are still being peg 1:1.

We can only speculate that it could be due to the DDoS attack or simply the effect of the dollar inflation. So for now we can say that it's back to normal as the attack has been thwarted and again peg 1:1. So that is goes news and I would say there's nothing to worry about for now as they have the reserves as back up to continue to have it peg to US dollar.
legendary
Activity: 1932
Merit: 1273
July 22, 2022, 02:04:59 AM
#4
The tweet reference does not have any correlation at all with your topic.

https://nitter.net/paoloardoino/status/1538155542643888128
Quote
1/
This morning @Tether_to received a ransom request to avoid mass DDOSes.
They tried already once.
On a normal day we have around 2k reqs/5min
The attack brought us to 8M reqs/5min.

3/
Attack is now mitigated.
AS-CHOOPA is the main ASN identified by cloudflare

It references an ongoing/planned DDoSes attack on their website. As good as it gets, they must feel lucky to got Cloudflare on their backs.

Anyway, there is a similar thread, that has a thorough explanation few recent issues that Tetherhas  acknowledged: Possible tether attack . It seems there is possibly a coordinated attack within the ecosystem. In another way, I have been sensing that they brag too much about their credibility as of late. Surely I would be staying away from Tether if any I got some fund on them.
hero member
Activity: 1764
Merit: 696
[Nope]No hype delivers more than hope
July 22, 2022, 01:40:03 AM
#3
There are internal factors besides the built-in deflation of backed fiat. In the case of USDT, for example bitfinex managed to bring back the public's trust when they succeeded in a series of assurance and transparency audits the all of their asset reserves by the authorities.

However, this does not mean that USDT will be able to significantly exceed the price of the original reserve currency.
sr. member
Activity: 1246
Merit: 263
SmartFi - EARN, LEND & TRADE
July 22, 2022, 12:31:39 AM
#2
The USDT is priced in USD due to the fact that inflation is hitting the world economy and the Fed has taken action to raise interest rates to curb inflation, resulting in a rise in the USD index in recent weeks in response to this. USDT appreciation in USD is obvious as they are valued at 1USDT = 1USD, As long as USD decreases, USDT will decrease accordingly.
newbie
Activity: 23
Merit: 0
July 22, 2022, 12:20:42 AM
#1
5 days ago I read that one of the posts on twiiter USDT is temporarily down https://twitter.com/paoloardoino/status/1538155542643888128 and are there other factors that make usdt stronger?
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