Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Lighthouze on October 15, 2018, 11:06:40 AM

Title: Huge Disparity Between USDT and TUSD On Exchanges
Post by: Lighthouze on October 15, 2018, 11:06:40 AM

I woke up to the news and FUD surrounding the USDT it seems like a lot of people and traders are trapped right now as we speak. This is because people who hold USDT are terrified and are buying BTC, but holding BTC on exchanges with Tether is also very dangerous because of the huge premium. So what can they do? Withdraw and send to a fiat exchange would make them lose 10% of their capital instantly as well, because of the difference.

A friend tried tried to convert his USDT to TUSD, and what he was supposed to be getting in return is supposed to be in the ratio of 1:1,but the disparity is that of $1450 to $1185 in TUSD. A lot of losses being encountered by those who are attempting it

Title: Re: Huge Disparity Between USDT and TUSD On Exchanges
Post by: dragononcrypto on October 15, 2018, 04:20:59 PM

I just did a TA on this, since it's one of the first stable coin pairings (if not the first I think): https://www.altcoinstalks.com/index.php?topic=62576.0
TrueUSD reached $1.24 against Tether. Epic fail  ;D

Title: Re: Huge Disparity Between USDT and TUSD On Exchanges
Post by: novy on October 15, 2018, 04:45:19 PM

It is a FUD again. Someone paid for fud again and today tether was banned on some of the exchanges. Kucoin was the first one who put USDT wallet in maintenance mode. I don't believe in such fake news.