Tether has been questionable for such a long time, if it fails it could seriously damage crypto for ever.
The thing id point out is tether market cap is not the same as other cryptos and therefore not comparable.
Assuming tether is legit, tether’s market cap is the amount of money ‘invested’. Whereas other crypto marketcaps are definitely not the amount ‘invested’. They’re simply what the last person paid multiplied by the amount of coins.
Since UST collapse other stable coins get much higher MarketCap. And USDT is the biggest benefiter of all this. Also BUSD FUD helped.
Fed must be proud of USDT. They print money from thin air.
Who is sending them billions of dollars in exchange for tethers so they can use them to buy crypto in a bear market. Makes absolutely no fucking sense
Tether has been questionable for such a long time, if it fails it could seriously damage crypto for ever.
The thing id point out is tether market cap is not the same as other cryptos and therefore not comparable.
Assuming tether is legit, tether’s market cap is the amount of money ‘invested’. Whereas other crypto marketcaps are definitely not the amount ‘invested’. They’re simply what the last person paid multiplied by the amount of coins.
aint no fuckin way Tether has that much backed 1 to 1. This is going to fuck up the cryptomarkets one day.
I genuinely love how fundamentally Reddit misunderstands Tether and just parrots the same stuff they’ve heard over and over.
/cc not trusting tether makes me feel very good about the next two years.
I swear to god, all crypto could basically go extinct and yet, Tether would still remain.
Most trustworthy stablecoin
If I had a dollar for everytime someone wrote a «I’m worried about Tether» post, that entire mcap would just be my cash.