Topic: Will Tether go into crisis like XRP? (Read 563 times)
This article alerts. It’s the first time I run against information that Tether has some problems. Hope, New York AG’s office will briefly analyze all that 2.5 million pages of material that Bitfinex and Tether had produced and totally clarify Tether.
The situation with the USDT project is very, very difficult. Perhaps there are very big people behind this project who know how to negotiate how to resolve the problems that arise from the state. This is a muddy project.
its petrifying if tether will be attacked by SEC by the time there is a bear market and we all have saved our money on USDT. i heard the smart contract of ERC20 USDT can be frozen and that's the scariest of all nightmares. its like they can destroy the lives of crypto users, more than half od the traders i believe is using tether.
DAI is an option but the price can fluctuate really hard though. BUSD still is a centralized stablecoin controlled by binance.
The price of XRP will be very bad if the SEC issue is not resolved, I hope other coins like USDT have no problems with the SEC.
its petrifying if tether will be attacked by SEC by the time there is a bear market and we all have saved our money on USDT. i heard the smart contract of ERC20 USDT can be frozen and that's the scariest of all nightmares. its like they can destroy the lives of crypto users, more than half od the traders i believe is using tether.
I did not think about the possibility of SEC lawsuit during a bear market, it is going to burn many if that happens as many hold their profit in USDT and there need to be another option to hold the coins for everyone, i am holding the coins in Euro as i am expecting some sort of lawsuit against USDT in the near future and when that happens you never know how bad it gets. 
its petrifying if tether will be attacked by SEC by the time there is a bear market and we all have saved our money on USDT. i heard the smart contract of ERC20 USDT can be frozen and that's the scariest of all nightmares. its like they can destroy the lives of crypto users, more than half od the traders i believe is using tether.
DAI is an option but the price can fluctuate really hard though. BUSD still is a centralized stablecoin controlled by binance.
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex. File center is checked, is this fine for the future?
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
Am.not seeing tether coin go into real trouble like what the ripple project did because they are more little bit balance compared to ripple. I don't see tether getting into the trouble with the SEC as this won't yield anything good result for the cryptocurrency industry. Am always septically that tether coin seem good but not for long-term https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
The crypto market is beyond demolition. Ripple was charged with security issues and still yet, ripple failed to drop off a bit from top 4 in the market. even if Usdt will have any issue, i seriously doubt if anythin will happen to it's cap and also i do not think the value will be affected by and law suit just like ripple, Gone are the days when lawsuit demolished a project.
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex. File center is checked, is this fine for the future?
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
XRP wasn't a stablecoin anyway. Also, we should consider a fact that Ripple as company has more important stuff to worry about such as partnerships with banks.https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
Situation is much different with Tether though
Tether is not that different from that logic, sure it is stablecoin which makes it a bit different, but they printed out 20+ billion dollars worth of USDT and the only thing they said is "we got you covered" in case anyone wants to get out, but since the market covers it themselves whenever someone wants to sell, and whenever there is too much sell and price "looks" like it is dropping, arbitrage people handled it, so Tether rarely ever gets cashed out and usdt rarely turns into usd. Which is why as a company they should have been looked at a lot earlier.
not because tether is widely used, and also the first stabilkoin in crypto then trading volume tether no.1 in crypto.
There's no reason Tether will have a crisis like XRP
It has also been rumored that tether is not backed up by anything then the issue disappeared and until now tether is still there and in use.
There's no reason Tether will have a crisis like XRP
It has also been rumored that tether is not backed up by anything then the issue disappeared and until now tether is still there and in use.
A few days earlier, Deputy Bahamian bank Deltec Bank said that Tether's stablecoin is fully backed by reserves. “Every tether is backed by a reserve and their reserve is more than what is in circulation,” Gregory Pepin, Deltec Bank deputy CEO: https://finance.yahoo.com/news/tether-bank-deltec-says-stablecoin-141533131.html
I hope they are saying the absolute truth about their assets here. When they admitted in 2019 not to be fully backed, I started not to trust Tether. So for tether holders, stay vigilant with this market. Sometimes you will be surprised what will happen to the market by sudden announcement from authorities. Right now, they are enjoying their position in the market, but one wrong move and authorities will be coming after them.
not because tether is widely used, and also the first stabilkoin in crypto then trading volume tether no.1 in crypto.
There's no reason Tether will have a crisis like XRP
It has also been rumored that tether is not backed up by anything then the issue disappeared and until now tether is still there and in use.
There's no reason Tether will have a crisis like XRP
It has also been rumored that tether is not backed up by anything then the issue disappeared and until now tether is still there and in use.
A few days earlier, Deputy Bahamian bank Deltec Bank said that Tether's stablecoin is fully backed by reserves. “Every tether is backed by a reserve and their reserve is more than what is in circulation,” Gregory Pepin, Deltec Bank deputy CEO: https://finance.yahoo.com/news/tether-bank-deltec-says-stablecoin-141533131.html Of course, in addition to the words, Gregory Pepin also had to provide supporting documents.
It is hard to know since tethers have so many shady activities since it was created. However, I guess people creating Tether understand their responsibility to protect tethers as well as protect investors/cryptocurrency users because it has become a well-known asset. XRP faces the most depressing event ever and up to now, it is still alive
Tether and XRP is a bit different, that is the trouble. XRP is a coin that could go up and down in price, if there is a problem that means price could fall and eat up all that trouble. However Tether is always 1 dollars, that is their trouble, 1 usdt should always be 1 usd, and if that fails, the whole system fails. That rarely ever goes away, sure sometimes it becomes like 97 cents at the bare lowest for a very very quick time but people buy that very quickly and sell back to 1 dollars, whatever the difference was they pocket the change.
However if one day Tether gets into trouble and fail to pay it? That means we are going to see 1 USDT not worth 1 USD anymore and suddenly the whole system will crumble. This is why it is a lot more important, people do not "invest" into tether, that doesn't go up or down, that is why it is there, the moment it is no longer like that, it will end very quickly.
However if one day Tether gets into trouble and fail to pay it? That means we are going to see 1 USDT not worth 1 USD anymore and suddenly the whole system will crumble. This is why it is a lot more important, people do not "invest" into tether, that doesn't go up or down, that is why it is there, the moment it is no longer like that, it will end very quickly.
I think the Ripple story may be just another act... Everything turned out too negatively, just at the moment when airdrop happened and Ripple grew quite well... As if they dropped the price on purpose...
This SEC issue I think did not affect XRP much, the coin still got a decent volume on KuCoin right now if you see here: https://trade.kucoin.com/XRP-BTC and I doubt its value will go down in a landslide either, maybe as long as Ripple is fighting with SEC XRP's future won't be decided yet with this current issue.
I kinda like how exchanges like KuCoin and binance are still supporting XRP despite all these stumps, I think they know better than us who are only trading the coin. They put trust on the coin as if they don't know what will happen if things go down with SEC yknow, as long as these exchanges are still with XRP, I won't be selling my bags yet.
I kinda like how exchanges like KuCoin and binance are still supporting XRP despite all these stumps, I think they know better than us who are only trading the coin. They put trust on the coin as if they don't know what will happen if things go down with SEC yknow, as long as these exchanges are still with XRP, I won't be selling my bags yet.
Because both Kucoin and Binance are outside the jurisdiction of US SEC that’s why they are not accepting US citizens to use and trade the exchange. Once SEC win against Ripple, Ripple itself will be the one to delist there token on all exchange since it will be illegal to trade Security token on exchange that is not compliant to SEC guidelines. I doubt that ripple will win against without paying the fines.
You should think logically.
This SEC issue I think did not affect XRP much, the coin still got a decent volume on KuCoin right now if you see here: https://trade.kucoin.com/XRP-BTC and I doubt its value will go down in a landslide either, maybe as long as Ripple is fighting with SEC XRP's future won't be decided yet with this current issue.
I kinda like how exchanges like KuCoin and binance are still supporting XRP despite all these stumps, I think they know better than us who are only trading the coin. They put trust on the coin as if they don't know what will happen if things go down with SEC yknow, as long as these exchanges are still with XRP, I won't be selling my bags yet.
I kinda like how exchanges like KuCoin and binance are still supporting XRP despite all these stumps, I think they know better than us who are only trading the coin. They put trust on the coin as if they don't know what will happen if things go down with SEC yknow, as long as these exchanges are still with XRP, I won't be selling my bags yet.
Tether now under investigation by 7 states and at least 4 counties, crisis way bigger as Ripples issues with its XRP sales
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex. File center is checked, is this fine for the future?
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
XRP wasn't a stablecoin anyway. Also, we should consider a fact that Ripple as company has more important stuff to worry about such as partnerships with banks.https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
Situation is much different with Tether though
Apply the loss of confidence seen for XRP legal issues to Tether. The USDT printer then stops going brrrrr. BTC has liquidity crisis, no one can call sell and Bitcoin drops to below 10K, maybe even below 1K. The only reason BTC is so high is because of Tether pumping.
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex. File center is checked, is this fine for the future?
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
With the speed of USDT minting from Tether company and with the huge supply of Tether USD on the market, the risk for USDT and the company are higher than Ripple. There are many accusations, lawsuits on Tether in the past and will have more in the future. The more improvements on law regulations aim at crypto market, the more risks of shutdown, seize, drama Tether will have.https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
It is a very old story that warns us the fact behind stable coins: They can be frozen by governments.
[UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets
Thether is a little different from the Ripple, so I don`t think it will go the same way. But nonetheless, there are many variants and Tether can go into crisis, because of the some doubts regarding the legality of the project. It will be a really big hit to the whole sphere, so I hope this won`t happen
Tether will have its own problems and is going to become a weak point of the market if it continues to grow this fast. Think of how valuable it's going to be in 2 years and how many coins will be traded for it every day. To support it they will have to keep making more and more USDt.
If they ever lose against a government agency or someone manages to leak their data that would prove what they were really doing with money and how many tethers they were making out of thin air it's going to be a disaster.
XRP can die at any moment, the market won't notice. If USDt implodes it's going to be a bear market like never before
If they ever lose against a government agency or someone manages to leak their data that would prove what they were really doing with money and how many tethers they were making out of thin air it's going to be a disaster.
XRP can die at any moment, the market won't notice. If USDt implodes it's going to be a bear market like never before
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex. File center is checked, is this fine for the future?
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
As far as the legitimiacy and fiat backing of usdt is concerned im quite confidence it will be fine as recently their bank has also confirmed it fully, the only issue can be the fact that bitfinex violated any rules set by SEC before issuing usdt. https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
I dont think Tether will be in a huge problem just like XRP, its a huge problem if they actually bring down the USDT but with SEC claiming we dont actually see a coin or cryptocurrency that go down in the case of SEC reports, most of the time it will just end up or agreed with a million dollar fine.
XRP problem as a security already make a huge impact in the market dumping the XRP coin on .27cens in the market, if the problem is not solve for sure it will be a huge trouble for them. If SEC wins this its going to be bad in some other crypto or altercoins as well.
XRP problem as a security already make a huge impact in the market dumping the XRP coin on .27cens in the market, if the problem is not solve for sure it will be a huge trouble for them. If SEC wins this its going to be bad in some other crypto or altercoins as well.
I am looking into DAI or BUSD as well in case something's not right with USDT regarding their current case along with Bitfinex. USDC is another option though. In terms of capitalization, USDT is currently leading in the list of stablecoins. I just hope nothing goes "really" wrong in the crypto market if USDT is indeed in big trouble later on because of the other stablecoins that are existing in the market as potential alternatives.
Tether in bigger trouble than Ripple
Tether is a stablecoin and luckily for us we have tones of other stablecoin in the market, if for any reason tether is under the sec scrutiny then jump ship and use one of the very many available, to me, I do not bother myself with tether and what the future holds for them since there are alternatives because they only serve one purpose.
At the moment, all existing stablecoins on the market will not be able to replace USDT by capitalization. Thus, if it is necessary to fix profits in stablecoins, they will not be enough for everyone. Without waiting for the court's decision, I have already exchanged my USDT for BUSD and DAI, which seem to me more attractive among other stable coins.
Tether crisis will cause the whole industry crisis. Im not sure that we really need it
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex. File center is checked, is this fine for the future?
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
Will Tether go into a crisis like XRP?
IMHO, I think it was highly possible, If we notice in 2020 there was a red flag already about Tether (USDT), and because of this it was possible that Tether (USDT) is already on the SEC radar for investigation, The SEC's hostile approach towards cryptocurrencies is mean a lot and I'm sure that the persecution will not end on Ripple's XRP but on other cryptocurrencies as well who knows it might be Bitcoin or Ethereum. Just my opinion!
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex. File center is checked, is this fine for the future?
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
Will Tether go into a crisis like XRP?
IMHO, I think it was highly possible, If we notice in 2020 there was a red flag already about Tether (USDT), and because of this it was possible that Tether (USDT) is already on the SEC radar for investigation, The SEC's hostile approach towards cryptocurrencies is mean a lot and I'm sure that the persecution will not end on Ripple's XRP but on other cryptocurrencies as well who knows it might be Bitcoin or Ethereum. Just my opinion!
And what is the problem, I do not understand what is difficult in switching to using another stable currency. there are a lot of them on the market.
And they are all completely the same and do not differ from each other in any way, they are built on the same principle, the complete pegging of the coin to the dollar. Yes, you may be used to using USDT, but if you switch to another stablecoin, you won't even notice any differences in use.
And they are all completely the same and do not differ from each other in any way, they are built on the same principle, the complete pegging of the coin to the dollar. Yes, you may be used to using USDT, but if you switch to another stablecoin, you won't even notice any differences in use.
This thing about the Tether documents was just another FUD. There're plenty of threads about it. However if you some of you HODL USDT and feel scared about their funds, then just switch to DAI. Problem solved.
USDT is clean, they've passed through all proper verifications in the past, you need to do research on what USDT have passed through, they can't operate legally all this years if they aren't fully regulated, stop spreading panics
There have been questions about Tether for a long time, and periodically there is a fuss about the company... But it seems to me that if they really had serious problems, they would have been shut down a long time ago! That's why I don't trust various news and information noise... It is just to someone's advantage that at a certain point people are wary of USDT...
But I would not trust Tether completely, as well as any other cryptocurrency... I use it from time to time...
But I would not trust Tether completely, as well as any other cryptocurrency... I use it from time to time...
If TETHER got the same amount of pride with XRP, yes it will go through the same shts as xrp perhaps even worse because SEC loves playing games.
While it is true that they are being prosecuted in the court of law for alleged market manipulation, hard evidence is yet to be presented. Therefore, all the accusations that have been submitted thus far, hold no ground as they are of purely speculative nature. There is no denying that there are scenario that’s been circling around for quite some time that Bitfinex influenced BTC price by printing USDT, in collaboration with Tether, that wasn’t backed. Until there are new witnesses or some sort of proof, the trial will remain stagnant.
Tether is ideal for those who are afraid to risk their money. USTD is a stable currency, the price holds, does not jump. And there were already precedents with the SEC proceedings, but Tether passed all the checks and came out of the situation with a clean reputation.
It can happen, but the possibility of becoming like XRP maybe a little bit too much. I don't think it's going to be gone anytime soon. There might be some fluctuations to its price being pegged to an actual dollar, but it's not going to be. I hope tether wouldn't be doing something illegal or something, or we are screwed. Possibly the value of BTC will go down as well if it happens. Everything could fall apart, and a crash will happen for sure.
Tether will be good unlike Ripple did. They are dragging things too long.
XRP case is different because in the XRP case the price also crashed in downward direction so much so that is lose double it pruce, but tether is still maintaining a good and reasonable price.
Basically the legal suit that is always taken by the regulators will always be related to the violation that already made by the platform. If tether is not yet got law suit from the regulators and it's not yet violating the regulation but ripple does it with its own security offering. So many tether haters were always saying it will be go to the crisis just like XRP. People are taking it must be printed into the 1:1 ratio with USD while tether clearly said that it was using another kind of source to backed the tokens.
Tether already has a much bigger marketcap than Ripple. moreover, this token is not an investment token, but a Fiat token, or stable coin,
of course it will be difficult to get rid of this stable coin, Tether has long had problems with the SEC, but their strength against the SEC is very strong,
I believe USDT will survive in the crypto market in the long run much longer.
of course it will be difficult to get rid of this stable coin, Tether has long had problems with the SEC, but their strength against the SEC is very strong,
I believe USDT will survive in the crypto market in the long run much longer.
Oh boy, it's getting interesting for Tether. Should we switch to USDC or any of the other stablecoins?
DAI would be the next good choice instead of another centralized stable coins.I agree with you that DAI is a much better choice than centralized stablecoin. The problem I'm facing is that 99% of the exchange trading pairs are XXX/USDT, and keeping my stable coins in DAI will add another 0.1%/0.2% in conversion fees. It sounds like a small amount, but it's adding up when you are trading daily.
Still, I will follow the news closely and gladly pay the price if Tether will bust.
XRP case is different because in the XRP case the price also crashed in downward direction so much so that is lose double it pruce, but tether is still maintaining a good and reasonable price.
Tether will actually retain its price no matter what as long as it has no issue that has been affecting it except the one that they're dealing with. It's rare to see a stable coin drop in price but AFAIK, there were a few ones that had drop its prices even being made as a stablecoin. 
I didn't know tether is having problems with the sec, I hope it is not something serious enough to result to them getting delisted in exchanges like xrp because that will be the beginning of a big problem, in any case, thanks for the heads up, I have some of my funds in tether so I guess I better pay more attention from now on.
Oh boy, it's getting interesting for Tether. Should we switch to USDC or any of the other stablecoins?
DAI would be the next good choice instead of another centralized stable coins.but it is wrong to use them for long-term hodling.
Correct. I won't use it for long term holding especially if it's USDT that has a very active issue since years ago. It's best to choose those stable coins that don't have much issue such as DAI which is decentralized.I agree with you that DAI is a much better choice than centralized stablecoin. The problem I'm facing is that 99% of the exchange trading pairs are XXX/USDT, and keeping my stable coins in DAI will add another 0.1%/0.2% in conversion fees. It sounds like a small amount, but it's adding up when you are trading daily.
Still, I will follow the news closely and gladly pay the price if Tether will bust.
What does Tether (USDT) stablecoin has to do with the XRP altcoin? XRP was created by Ripple and they were controlling 100% of the supply when it started. They made millions by selling this token to the people and THEY ARE STILL SELLING without stop on the market despite the legal issues.
Ripple guys became rich while XRP, which is a nice blockchain project I can say, couldn't hold any high it reached.
From the other hand, USDT is a stablecoin. They minted tokens based on their USD holdings (at least that's what they claim they did).
There are other stablecoins too if you dont trust USDT. Use DAI, USDC, PAX, BUSD etc.
Ripple guys became rich while XRP, which is a nice blockchain project I can say, couldn't hold any high it reached.
From the other hand, USDT is a stablecoin. They minted tokens based on their USD holdings (at least that's what they claim they did).
There are other stablecoins too if you dont trust USDT. Use DAI, USDC, PAX, BUSD etc.
It seems so, unfortunately. Though they prepared 2.5 million page text to defend themselves they probably have too many defects and SEC knows it. But Tether cooperates more than Garlinghouse and XRP. So, they may solve the problem easier.
I think its possible. They don't have 1:1 dollar backing. They are printing more and more of USDT without backing. Its just a matter of time
Yes, this has been a very hot issue lately. And I guess if they can't prove it, of course they are in pretty big trouble considering that Tether is a "stablecoins" that has almost twice the volume of bitcoins 
I think its possible. They don't have 1:1 dollar backing. They are printing more and more of USDT without backing. Its just a matter of time
I think no. Because first, tether and ripple have a different scenario with regards to their current situation. In the case of ripple, they have an unresolved issue with SEC which is why ripple is experiencing some crisis. On the other hand, tether has no problem with their project in general terms. So, I find it nonsense if we will compare the two projects/coin.
I think USDT will be fine. Although it cannot be ruled out that the price may go lower remember this has happened before.
Don't compare XRP with USDT because USDT operates legally through and through in some cases, this isn't the first time that USDT will face the law and everything went smoothly, as for XRP nothing like this ever happened
Tether is not fully clear. Much of the USDT's information is still hidden for ordinary crypto users. The promise they make to print 1 USDT for real 1 USD is much questioned by many. Are they really printing that amount of usdt with real USD reserve? If they do not do it right then they are doing illegal things. And if they do illegal things, there must be problems. Because the reality is that there is a real impact between the crypto market and crypto users.
So now I think the SEC should look harder on usdt, it will make the crypto market more secure.Altcoin means risk exists which is the real reality.
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex.
Tether is a controversial coin in the eyes of the authorities way much before XRP came under fire and the cryptocurrency enthusiast especially bitcoin enthusiast were against XRP simply because of its centralized authority and you need to expect Tether coming under fire right now or in the future as they are always shady with the way in which they create coins out of thin air without any transparency especially when the market shows signs of a rally.
I'm not sure if Tether will experience something similar to Ripple's current fate. Tether has a huge force in the market and has been a huge conversion in bitcoin pairs over a long period of time. with the same link between Tether and Ripple, would this be dangerous? perhaps for now it will appear to be still in the realm of safety.
Oh boy, it's getting interesting for Tether. Should we switch to USDC or any of the other stablecoins?
DAI would be the next good choice instead of another centralized stable coins.but it is wrong to use them for long-term hodling.
Correct. I won't use it for long term holding especially if it's USDT that has a very active issue since years ago. It's best to choose those stable coins that don't have much issue such as DAI which is decentralized.
Stablecoin is neutral in trade and has no evidence of fraud, speculation or commercial dramas. The market and fluids is a variation of $0.02 more or less and therefore the name itself guarantees stability. However Tether represents the American dollar in the world of crypto and maybe the only crisis that can happen is the American government to create norms and rules of purchase of the same but that will hardly happen. Now XRP has violated some market rules and hid some information from the main American monetary regulatory body and the process is ongoing.
All altcoins have some degree of risk. Unless there is a currency well based on proof of work, we cannot describe that we are safe when used or that it is decentralized.
Ripple is one example of a central currency. When we talk about a central currency, the regulatory problems must be taken into consideration.
USDT is a central currency, Therefore, the problem will happen soon or later. It is best to use stablecoins within central platforms when you want to stabilize the price and make profits, but it is wrong to use them for long-term hodling.
Ripple is one example of a central currency. When we talk about a central currency, the regulatory problems must be taken into consideration.
USDT is a central currency, Therefore, the problem will happen soon or later. It is best to use stablecoins within central platforms when you want to stabilize the price and make profits, but it is wrong to use them for long-term hodling.
The issue with XRP started from small talks, or rumours and many people aired their opinion on how big XRP is and so on, but today they are having still issues with SEC which is yet to be solved and which people are yet to understand how everything will turn out, even at that, exchanges have started making moves towards it. Therefore in the case of Tether, remember for a long time there have been talks or fud about Tether, and no one knows the truth, and today they are gradually going the path of XRP. In my own opinion, it is better to be safe and not take chances, I don't know what will become of Tether at the end, no one knows if everything will end up in favour of Tether, hence in order not to be caught off guard, I think it's better using other stablecoins for now till everything calms down, at least you can still use other stablecoins to achieve whatever you want to achieve.
Don't compare XRP with USDT because USDT operates legally through and through in some cases, this isn't the first time that USDT will face the law and everything went smoothly, as for XRP nothing like this ever happened
Not until we see some light about this lawsuit more like we should await from the NY Attorney General for 30 days again and this is now or never for Tether https://www.coingeek.com/buckle-your-seatbelts-ny-attorney-general-to-decide-on-tether-in-30-days/
I guess tether won't go into crisis like xrp. Because if I am not mistaken, they defended very well and put everything forward as far as I have heard. Tether will bypass this process smoothly without fraying and without problems like xrp.
It isn't everyday a Tether or XRP day they may have defended in the past but somehow there's some ruling to follow.Oh boy, it's getting interesting for Tether. Should we switch to USDC or any of the other stablecoins?
IF US NY Attorney hits Tether, the whole crypto world will suffer big time...
I guess tether won't go into crisis like xrp. Because if I am not mistaken, they defended very well and put everything forward as far as I have heard. Tether will bypass this process smoothly without fraying and without problems like xrp.
Tether was much more transparent compared with XRP. Tether was also never doing the illegal security token offering to get the money from the investors unlike XRP that has been doing billions illegal security token sale. That's why SEC was aiming ripple rather than tether, it's very bad to see that people didn't even understand about the main concern that has become the main problem for XRP. It's clearly stated by SEC too. IDK why people are keep hoping tether will be sued by SEC. We will see that in the next 30 days.
Not until we see some light about this lawsuit more like we should await from the NY Attorney General for 30 days again and this is now or never for Tether https://www.coingeek.com/buckle-your-seatbelts-ny-attorney-general-to-decide-on-tether-in-30-days/
I guess tether won't go into crisis like xrp. Because if I am not mistaken, they defended very well and put everything forward as far as I have heard. Tether will bypass this process smoothly without fraying and without problems like xrp.
It isn't everyday a Tether or XRP day they may have defended in the past but somehow there's some ruling to follow. 
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex. File center is checked, is this fine for the future?
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
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