Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: ayatoslaw on October 20, 2018, 05:09:00 AM
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if we look at the Theter price chart, we can know that theter is a coin that is quite stable when compared to other coins,
(https://i.imgur.com/Tms2cTn.png)
source: coinmarketcap.com
the data we can see drawn is real data that I take directly on the CMC.
and I conclude that USDT is a stable coin, but if the bull market is priced at 1 USD? can it increase to 2 usd, 5 usd or even 10 usd?
What do you think?
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A “stablecoin” designed to act as a bridge between digital and fiat currencies, Tether’s value is pegged (or “tethered”) to the US dollar. It’s designed to offer protection against the volatility of other cryptocurrencies, and it’s seen as something of a safe haven when the rest of the market experiences a downturn.
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A USDT coin must always have a strictly stable price of one dollar and may differ from the dollar price by only a few cents.
However, recently the behavior of the USDT and TUSD surprised me a lot. When this month there were problems with the USDT, its rate fell to $ 0 85, and the TUSD rate went up and that time was in the price from 1.1 to 1.24 dollars, which was just incredible. The rate of Bitcoin at that time increased by about 1,500 dollars by three hours. It seems that stable coins may not be stable.
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But Tether was created with the ambition of a stable coin. Thanks to your data I see that the price is not stable and it's depend on the market too. So can we trust Tether guys?
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USDT always equal with USD fiat 1USDT =1 USD fiat. If Only 1 coin USDT the price always 1USD.
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the indication states and writes that the price of the stable coin is still at the price of 1 USD.
But we can see that the trading volume goes up and down.
That means there is continuity between the volume of trade and the volume of coins circulating but does not have an effect on the price of coins.