Maybe the truth is not important, investors want to hear good news, at least until the upcoming bullrun cycle is complete ^^I think every investor wants to seek profits, belief only contributes a part to their investment motivation. If they want to believe, they will believe, and vice versa.
What do you think about this? Does Tether's proof-of-reserve really matter to you? Do you believe in Tether's audit and Lutnick's assertion?
I think every investor wants to seek profits, belief only contributes a part to their investment motivation. If they want to believe, they will believe, and vice versa.7 years ago, if someone had said that by 2024, Tether would continue to be the largest stable coin issuer and USDT could reach a capitalization of $100B, I would not have believed it. But Tether still exists and holds the majority of the stable coin market share and has increasingly more reputable proof of reserves.
Proof of reserves is important for stablecoins, I trust USDT so I trust Tether, there is no reverse relationship.
Many people pursue conspiracy theories, but we have seen Tether continue to exist and become strong after many years, currently Tether is holding several tens of billions of dollars in US bonds. I think we can rest assured and continue to invest in the crypto market and use USDT.
I don't know why nobody writes. But today there was some positive news about Tether. For those who keep a significant % of their deposit in this stablecoin, I think it will be useful. 8)Thank you for this update!
The very news: "Tether has created an official recovery tool that can transfer USDT between blockchains in case of any failures."
Source: https://tether.to/en/safeguarding-tether-tokens-a-comprehensive-approach-to-blockchain-resilience-and-user-protection
I don't know if users have faced these issues when transferring USDT between blockchains, I haven't read any reports of user complaints, but Tether is improving itself based on speculation about possible issues. I like this approach of Tether and will continue to believe in Tether and USDT ^^
There this believe I have study in crypto space, every first successful coin on market cap that pass through the phase of 2017 bull run are the strongest and Tether been one of the oldest stablecoin has prove to be stronger than any stablecoins we have in the market, I might not like their approach and ways of operation but the fact that they still remain here after many allegations and still staying in the US makes them legitimate but on a personal safety, I don't keep my money on any stablecoin. Even if I want to, I might share the risk into Dai and the rest into USDT for safety.Yeah, even though there are many issues related to proof of reserve and facing many accusations, Tether is still the leading stablecoin issuer in the market, helping new money flow into the market easily and helping this market develop. We can be worried, but risk is a part of this market, and the risk with USDT is much lower than most crypto assets in the market like ALTS which can lose value compared to USDT dozens of times in the crypto winter.
We can be worried, but risk is a part of this market, and the risk with USDT is much lower than most crypto assets in the market like ALTS which can lose value compared to USDT dozens of times in the crypto winter.
We are investors, we need to accept the risk with Tether and should be assured that Tether is continuing to actively print more USDT to provide development momentum for the market.
The risk should be close to 0, as the reward is zero as well. There is no way to be profitable just by holding Tether, so the risk/reward must be very low as well.If you are holding tether tokens than you are probably already losing money because of inflation of USD and all other fiat currencies, even if you don't notice it directly :P
If you are holding tether tokens than you are probably already losing money because of inflation of USD and all other fiat currencies, even if you don't notice it directly :PIn the investment journey to generate profits, we are still forced to ensure safety, and stablecoins are the best solution we can have at this time and Tether is serving this huge demand of crypto investors with a marketcap of over $100B. The impact of inflation is the trade-off to ensure the safety of the account and the investment profit will be enough to cover the entire impact. In addition, the return on Saving USDT on CEXs is also attractive and higher than the USD savings interest rate at traditional banks.
I heard tether is now expanding to Europe, but I dont think regulators will allow them to exist for much longer, since they are working overtime to introduce CBRC crap.
I think the EU will not risk arbitrarily introducing and applying CBDC in the next few years, temporarily they are focusing on testing and monitoring MiCA.Sorry but you didn't do any good research about this.
Sorry but you didn't do any good research about this.I do not think we should be concerned with a CBDC deployment plan in 2030, which is 6 years from now. A lot can change in 6 years, especially in the crypto market with its volatile prices and regulatory landscape. For now, I'm only interested in the impact of MiCA on the EU's crypto market during the bullrun and next crypto winter. If managed well: investor financial security is ensured and governments collect attractive tax revenues, it will be a step forward for the maturity of crypto in Europe. To achieve this, I believe that the role of stablecoin as USDT and USDC will also be very important, while CBDC is still a long-term issue that we do not need to worry about too much for now.
It's not that hard to find actual documents proving this and they have they have serious plans to introduce mandatory CBDC by 2030.
First they plan to start optional with giving people ''free'' CBDC credits, but if they can't do it in peace they will just create another big war, and than hide in their holes like rats, while regular people die fighting each other.