-
I have tried to picture out the most stable coin on the market and after enough brain-storm, I discovered that USDT is the most stable coin in the market, it has always be between, $1 and $0.99.
-
I have tried to picture out the most stable coin on the market and after enough brain-storm, I discovered that USDT is the most stable coin in the market, it has always be between, $1 and $0.99.
Hmm from this your analysis, I will agree with you that USDT is the most stable coin of all time.
-
If you compare this coin with others, then it is definitely the most stable today, because its main function lies in this, but I do not recommend keeping it for a long period.
-
The USDT is indeed one of the most stable coins, but this is a special cryptocurrency, backed by the exact amount of dollars, and it is generally quite difficult to call it a cryptocurrency. It cannot, like other cryptocurrencies, be used for profit. It is just a buffer between different types of cryptocurrency or cryptocurrency and fiat, or a good temporary sump for them. Stable coins are quite useful and convenient to use, but they do not give profit.
-
base on what i read in some article article yes USDT is one of the most stable coin.
-
Yes USDT is one of the stable coins, cause it has always been between that range. It doesn't dip so much unlike other coins
-
I wouldn't say Tether (USDT) is stable or trusted anymore, I'd consider either TrueUSD (TUSD) and USD Coin (USDC), depending on which exchange you're using. Throughout the recent market crash, the newer stable coins have consistently held above $1, while USDT has dropped below 90 cents repeatedly. TUSD and USDC are notably Top 50 cryptos with enough liquidity now to provide stability to hedge as well as as trading pairs.
-
I have tried to picture out the most stable coin on the market and after enough brain-storm, I discovered that USDT is the most stable coin in the market, it has always be between, $1 and $0.99.
Amazing, huh? A stable coin that is tied to the dollar. In addition, there is TrueUSD, USD Coin. I think it's clear why she's stable.
-
Are you really sure USDT as the most stable coin? What do you think about Ripple (XRT)? Which one is the most stable between them? I agree if you said USDT as one of the stable coins, but I am not really sure it is the most. I think you are better to explain more to make us understand with your research.
-
USDT is the most popular stable coin in the space and hence the reason it is widely used in the space. There are other's like TUSD, PAX, and USDC, etc, but USDT is the most popular as it is actually backed by the $$
-
I will only say Yes to this topic, USDT always go between $1.03 and $0.89, at least every one can easily understand the price.
-
Are you really sure USDT as the most stable coin? What do you think about Ripple (XRT)? Which one is the most stable between them? I agree if you said USDT as one of the stable coins, but I am not really sure it is the most. I think you are better to explain more to make us understand with your research.
USDT is most stable coin. Ripple (XRP) just like others crypto currency, with high volatile. But the price XRP rather batter in bear market than the others, not down to much.
-
That is because the USDT is united and in the same level with the USD circulating throughout the world.
The system that keeps all Tether in 1 figure and is stable.
-
In the past USDT is the most stable coin but for now we have many othe stable coin like PAX, USDC, TUSD are growing and trying to take USDT place
-
The purpose of this project USDT is to create a stable crypto market, where there will be a low/no loss when trading. But there is no much gain if invested on it.
-
That is certain because Tether was created and functioned to replace the USD in the Digital world.
The same is true for trueUSD and bitUSD. All of these coins are specifically for stable coins in the world of cryptocurrency.
-
USDT is very famous for Stable coin, USDT on top 10 in cmc, may be if all rank just for stable coin USDT is number 1. Yes if i keep my asset in bear market o will buy USDT.
-
USDT is great for keep aset in bear market. The price is always around $1 dollar. Because is use omni layer protocol. Stable coin not only USDT but also other coin like true USD, USDcoin and other.
-
This type of cryptocurrency is developed as the most stable and non-volatile type of crypto-assets. The name speaks for itself. When traders say that they went to Fiat, in fact they mean that they bought USDT and wait for the collapse of the market. I agree that this is the right cryptocurrency for crypto traders.
-
USDT is the best stable coins after some top ranked coins, bitcoin, Ethereum, etc. Many exchanges are available pair in USDT.
-
I have tried to picture out the most stable coin on the market and after enough brain-storm, I discovered that USDT is the most stable coin in the market, it has always be between, $1 and $0.99.
Just USDT is one of the most popular among stable coins. Perhaps this is because she appeared among the first. However, this is really one of the most stable coins that are in good demand. Stable coins continue to gain popularity, especially during the bear market. |
-
When you hold USDT, it means you keep US dollars. It surely has a stable price as the rate is 1:1 with US dollar. But I think this coin is a bad option for investment. It has bad volatility and seems to be always stable. Whereas, the purpose of an investment is a positive change on coin's values.
-
This type of cryptocurrency is developed as the most stable and non-volatile type of crypto-assets.
It depends on what we mean by stability.
A Stablecoin is as stable as what is backing it.
Is the US dollar the most stable currency? I wouldn't think so.
The US dollar is losing purchasing power (inflation) more quickly than, say, the Singapore dollar, or the Euro.
-
I have tried to picture out the most stable coin on the market and after enough brain-storm, I discovered that USDT is the most stable coin in the market, it has always be between, $1 and $0.99.
Assessing the stability of x, all comes down to what factor or element we compare x with, in other words, it comes down to the basis of comparison.
Compared to the US dollar, a Stablecoin backed by US dollar like USDT will be by definition the most stable crypto.
Likewise, compared, for example, to the Chinese Yuan, a Stablecoin backed by Yuan will be the most stable crypto.
-
now it's not just USDT that is very stable but there are two more, TUSD AND USDC.
-
make sure, USDT is the most stable coin use a lot of in the crypto world, and it will be believed by many exchange and investor, and the usdt is the secure coin when the market go to down trend
-
I actually would think a stable coin like USDT would be 1:1 USD but it does makes sense. Of all the stable coins that's emerging, honestly USDT is my favorite as it seem much more stable
-
USDT is one of the most sought after stable coins. Regarding its stability, other stable coins are also at about the same level of price stability. Therefore, they are called stable coins.
-
The price of the USDT token has been guaranteed at the exchange rate of the USD, this coin will never go up like Bitcoin and other altcoins, so many use this coin to convert from altcoin to USDT only to avoid losses when altcoin prices on the market are down
-
Yes USDT is my favourite stabled coin. Its price range 1 to. 0.99 $. I hope near future Ethereum and bitcoin will be favourite stable coin like USDT.
-
USDT is one of the most sought after stable coins. Regarding its stability, other stable coins are also at about the same level of price stability. Therefore, they are called stable coins.
USDT is only as much stable as the USD.*
In a currency crisis, falling $ --> falling USDT.
*Actually USDT is backed by several currencies, bonds and other assets.
But the $ is the major backing asset of USDT
-
Well, I think usdt had a good start, it could achieve a really high aims. In addition, I've read some interesting article on that matter. I mean related to stable coins, what do you think? this Url is blocked due to spam/en/blog/stablecoins-a-world-wide-battleground
-
USDT is one of the first stable coins and has proven itself to date. However, time does not stand still. Stable coins of various states will begin to appear in large numbers and USDT will have very strong competitors. This will be good for their overall development, because competition creates favorable conditions for creating conveniences for people to use them. In general, soon we will expect many more interesting events.
-
Take a look at Digital gold, I think that the idea behind it's really better than almost all stablecoins we have, since the tokens are backed by real gold and a limited amount.
-
I think USDT is indeed one of the most stable coins, but it is also a special cryptocurrency, and is supported by the correct amount of dollars, but in general it is quite difficult to call it a cryptocurrency. and also cannot, like other cryptocurrencies, be used for profit. and It is just a buffer between different types of cryptocurrency or cryptocurrency and fiat, this coin is stable enough to be useful and comfortable to use, but it does not provide a profit.
-
The purpose of this project USDT is to create a stable crypto market, where there will be a low/no loss when trading. But there is no much gain if invested on it.
absolutely yes, I think USDT is more stable coin than other. I agree USDT team has focus to create a stable crypto market. I personally don't like this coin.
-
Usdt trc20 is a big type of platform. This platform is stable. People from all over the world transact the most on this platform. This is one of the biggest stable projects in the world of cryptocurrency. These coins can be transferred anywhere at the moment with the lowest fee. Currently with the increase in Bitcoin and Etherium ergas fees people have started to make the most transactions on this platform. And its popularity has also increased a lot.
-
Sometimes I used usdt when I sold bitcoin. Since it is the last litigation process, I tried to use busd or dai whenever possible. It also makes no sense to me that this tether is produced when desired. The fate of the tether is already in this lawsuit process.
It will be clear after. Even if he doesn't lose the case, I think he will lose a lot of prestige and it will no longer be the same.
-
USDT is Most Popular Stable Coin. Now It's Position On Coinmarketcap 6th. Usdt is My Favourite Stable Coin. I Always Use Usdt. There are Many Stable coin in Cryptocurrency Market. But usdt is Top position on Coinmarketcap and another Cryptocurrency Market.
-
Indeed, Tether has proven its strength because it is able to provide price stability in every cryptocurrency market and of course this will have a good effect on us being able to secure assets from various volatile altcoins.
And for those of us who like cryptocurrency trading, it's better to store or trade Tether with altcoins than BTC-Altcoins for fear of a dump.
-
It is certain that USDT is a stable coin, this is because USDT is a stable coin in Cryptocurrency. The value may change, but the change will be very small, unlike other Cryptocurrency coins such as Bitcoin, Ethereum and others.
-
I also have USDT in my wallet and only a small amount, which means it has been proven that the market cap or market for Tether is very popular with all investors.
Maybe it was the effect of the first stable coin to arrive, so all investors liked the USDT coin. Just thinking about being the best choice for USDT rather than USDC, DAI or FDUSD.
-
Yes, USDT is one of the most stable coin in crypto currency trading.
-
(https://i.ibb.co/LhN5106/photo-2024-03-26-16-13-43.jpg)
P.S. What do you think about this news? Do you think that during the positive news, users will buy more Teher to replace the real dollar? ::)
"Tether have announced their ambition to expand into the field of artificial intelligence. The company intends to lead the development of open source multimodal AI models.
In addition, Tether have announced the recruitment of specialists to support this initiative."
-
(https://i.ibb.co/LhN5106/photo-2024-03-26-16-13-43.jpg)
P.S. What do you think about this news? Do you think that during the positive news, users will buy more Teher to replace the real dollar? ::)
"Tether have announced their ambition to expand into the field of artificial intelligence. The company intends to lead the development of open source multimodal AI models.
In addition, Tether have announced the recruitment of specialists to support this initiative."
There has been a joked around that AI will print more USDT? Or with AI, will they continue to scam us? Jokes aside, really hard to say, but I don't think that in the future Tether will replace the real dollar, America is not going to allow it. But them venturing into AI could be a good as everyone is already moving in that direction and they obviously doesn't want to be left behind. And as far as I know, there have been a lot of venturing in their end, like this news,
https://cryptoslate.com/tether-acquires-20-stake-in-german-bitcoin-miner-northern-data-in-unusual-equity-deal-report/ (https://cryptoslate.com/tether-acquires-20-stake-in-german-bitcoin-miner-northern-data-in-unusual-equity-deal-report/)
That report indicates that Tether has spent $420 million on 100,000 Nvidia H100 GPU approximately 2% of the 550,000 GPUs that Nvidia will ship this year. Tether made the purchase on behalf of Northern Data, a German crypto mining firm that intends to rent cloud access to those thousands of specialized chips to AI startups. In turn, Tether will gain 20% stake in Northern Data.
-
There has been a joked around that AI will print more USDT? Or with AI, will they continue to scam us? Jokes aside, really hard to say, but I don't think that in the future Tether will replace the real dollar, America is not going to allow it. But them venturing into AI could be a good as everyone is already moving in that direction and they obviously doesn't want to be left behind. And as far as I know, there have been a lot of venturing in their end, like this news,
https://cryptoslate.com/tether-acquires-20-stake-in-german-bitcoin-miner-northern-data-in-unusual-equity-deal-report/ (https://cryptoslate.com/tether-acquires-20-stake-in-german-bitcoin-miner-northern-data-in-unusual-equity-deal-report/)
If you look at it as a whole, it's as positive news as possible. In every joke, there's always a bit of truth. So who knows. It's very hard to guess what will happen in a few years. Maximum unpredictability. Cryptocurrency and artificial intelligence are developing at maximum speed.
P.S. Again, if USDT - will still exist + the campaign itself will have no problems. Who knows, today the SEC has no prententions and tomorrow it's 10-questions.
-
Take a look at Digital gold, I think that the idea behind it's really better than almost all stablecoins we have, since the tokens are backed by real gold and a limited amount.
There are several - many actually - gold-backed stables.
Most of them are only a way to invest in gold, they are not designed to make gold usable as an everyday currency.
For example, they lack a card which the user can spend his gold at the supermarket with: if you can't use your gold in order to buy groceries, your gold isn't usable as a currency.
Tether Gold is an example of Digital gold as investment.
Kinesis is an example of Digital gold as currency.
I compared these 2 Digital Gold systems here --> Tether Gold (XAUt) (https://www.altcoinstalks.com/index.php?topic=315185.msg1472378#msg1472378)
-
In the US, an updated Stablecoin bill has been introduced that would ban algorithmic steblicoins without collateral - the bill requires issuers to build reserves in fiat and equivalents at a 1-to-1 ratio to secure such stable tokens.
The explanatory note states that the bill aims to create a framework that encourages "responsible" innovation. It envisions the use of stablecoins for fast international transactions, lower fees and unlocking the potential of the digital asset industry.
News link: https://www.theblock.co/post/288723/lummis-gillibrand-introduce-bill-prohibiting-unbacked-algorithmic-stablecoins-among-other-regulatory-frameworks
-
the bill requires issuers to build reserves in fiat and equivalents at a 1-to-1 ratio
= the end of USDT
:D
“Passing a regulatory framework for stablecoins is absolutely critical to maintaining the U.S. dollar’s dominance..."
Hello USDT users
you are supporting the US dollar dominance
-
USDT Tether is estimated to generate $6.2 billion in net income in 2023. That's 78% of Goldman Sachs ($7.9 billion) and 72% of Morgan Stanley ($8.5 billion). They only have ~100 employees. Goldman Sachs has 49,000 and Morgan Stanley has 82,000.
(https://i.ibb.co/Kb5ckPd/photo-2024-04-08-08-57-06.jpg)
-
USDT Tether is estimated to generate $6.2 billion in net income in 2023.
Impressive
How do they generate that income?
What are their sources of revenue?
Transaction fees?
No because AFAIK they don't manage their own network.
So how do they make money?
-
Tether in partnership with Chainalysis will now "closely" track USDT transactions - they plan to identify wallets associated with illegal activity and sanctions circumvention.
4 tools will be used to track transactions: sanctions monitoring, illegal transfers detector, categorization and large wallet analysis.
P.S. There is simply no question of decentralization. I wonder what they'll come up with in a few years.
Link: https://tether.io/news/tether-enhances-compliance-measures-with-chainalysis-ecosystem-monitoring-solution
-
Tether in partnership with Chainalysis will now "closely" track USDT transactions - they plan to identify wallets associated with illegal activity and sanctions circumvention.
4 tools will be used to track transactions: sanctions monitoring, illegal transfers detector, categorization and large wallet analysis.
P.S. There is simply no question of decentralization. I wonder what they'll come up with in a few years.
Link: https://tether.io/news/tether-enhances-compliance-measures-with-chainalysis-ecosystem-monitoring-solution
P.S. Looks like the above information has begun to be confirmed. It's interesting to see what happens next. :o
Whale Alert reports that Tether has frozen two addresses with a combined balance of 14 million USDT. Apparently, monitoring has indeed intensified after the news of sanctions circumvention.
(https://i.ibb.co/FKqmfGH/photo-2024-05-05-19-40-30.jpg)
-
The purpose of this project USDT is to create a stable crypto market, where there will be a low/no loss when trading. But there is no much gain if invested on it.
Personally, the aim of having USDT is not for investment but as an asset savior when the market experiences a downturn, instead of having our assets stuck and experiencing losses when they are down, it is better for me to save, sell my assets to USDT and buy them back at the lowest price with that money.
-
The head of the US Federal Reserve is calling on the government to regulate steblecoins such as USDT and USDC.
Earlier, U.S. senators introduced a bill for steblecoins that, if passed, would ban algorithmic steblecoins and require issuers to hold fiat collateral in banks.
Link to news: https://www.theblock.co/post/294754/states-and-the-federal-government-need-to-work-together-on-stablecoins-fed-governor-bowman
-
P.S. Looks like the above information has begun to be confirmed. It's interesting to see what happens next. :o
Whale Alert reports that Tether has frozen two addresses with a combined balance of 14 million USDT. Apparently, monitoring has indeed intensified after the news of sanctions circumvention.
(https://i.ibb.co/FKqmfGH/photo-2024-05-05-19-40-30.jpg)
Tether was never decentralized, and the privacy is so non-existent it is like walking into a room full of security cameras with microphones on them. I don't know why anyone even bothers to use it actually (besides making more money which is irrelevant to the topic of this discussion).
Besides, Tether is not even stable. You can see in the screenshots that it slips from its peg by quite a bit, often.
-
I don't understand why people are surprised about possible ban and regulation of stablecoins, I always knew they are going to do this one day, especially since they are in hurry to start their CBDC crap soon.
Meanwhile people can use dollars and euros, they are ''safu'' regulated and they are going down all the time, that is the the only stabillity you will ever have with stable coins and fiat currencies :P
-
Tether was never decentralized, and the privacy is so non-existent it is like walking into a room full of security cameras with microphones on them. I don't know why anyone even bothers to use it actually (besides making more money which is irrelevant to the topic of this discussion).
Besides, Tether is not even stable. You can see in the screenshots that it slips from its peg by quite a bit, often.
Tether blocked 53,000,000 USDT on 4 addresses today.
P.S. If we're talking about decentralization - it's clearly not about USDT. Your funds will be blocked, only then prove their origin. Is that what cryptocurrency is about? Is this what everyone expected? I guess not, but it's definitely not normal. >:(
(https://i.ibb.co/xD7dtxD/photo-2024-05-17-15-51-18.jpg)
-
I have tried to picture out the most stable coin on the market and after enough brain-storm, I discovered that USDT is the most stable coin in the market, it has always be between, $1 and $0.99.
Yes i am agree with you. I also believe USDT is too much popular Stable coin. There are many stable coin available in cryptocurrency market. I also use USDT as stable coin when i trade.
Usdt is most popular stablecoin. So it’s Position 3rd on all cryptocurrency market. Bitcoin first position, second position Ethereum and 3rd position. I think day by day It’s position will be more up there has no doubt.
-
Tether printed 1,000,000,000,000,000 USDT. ;D
P.S. It's the same as always. Today Tether blocks someone's funds, tomorrow Tether campaign prints (without confirming) millions of dollars. I wonder how long this will continue? I wonder if everything is so transparent. As always, lots of questions = few answers.
Transaction Reference: https://whale-alert.io/transaction/ethereum/0x85de37e425735a04fdea90335fc054ada5b491c2a021755d175731261807282c
-
Tether printed 1,000,000,000,000,000 USDT. ;D
P.S. It's the same as always. Today Tether blocks someone's funds, tomorrow Tether campaign prints (without confirming) millions of dollars. I wonder how long this will continue? I wonder if everything is so transparent. As always, lots of questions = few answers.
Transaction Reference: https://whale-alert.io/transaction/ethereum/0x85de37e425735a04fdea90335fc054ada5b491c2a021755d175731261807282c
Tether has improved its proof of reserves, and we can tentatively believe that Tether has enough assets to back up all USDT on the market. Although we are skeptical, we cannot verify it ourselves. We should focus on our own investment to obtain the greatest profit in the bullrun.
I personally feel more confident about the future growth of the crypto market when Tether and Circle continue to mint more stablecoins because it means that the crypto market has more motivation and liquidity to operate and develop. Honestly, in the past 1-2 years, I am no longer worried about the risk of Tether's collapse because Tether has become an important part of the crypto market and the US economy as Tether is now one of the top 20 holders of the US Treasury.
-
Tether CEO Paolo Ardoino called Bitcoin the only decentralized currency, the main:
1. Bitcoin is the only currency that is governed only by math and whose foundation cannot be changed.
2. Other currencies have teams of developers working on them every month to release new software and change monetary policy.
3. Bitcoin is a certainty as there are only 21,000,000 BTC.
4. USDT is centralized, unlike BTC.
News link: https://cointelegraph.com/news/bitcoin-only-decentralized-currency-paolo-ardoino
-
Tether printed 1,000,000,000,000,000 USDT. ;D
P.S. It's the same as always. Today Tether blocks someone's funds, tomorrow Tether campaign prints (without confirming) millions of dollars. I wonder how long this will continue? I wonder if everything is so transparent. As always, lots of questions = few answers.
Transaction Reference: https://whale-alert.io/transaction/ethereum/0x85de37e425735a04fdea90335fc054ada5b491c2a021755d175731261807282c
You can't be serious! :o That is literally one quadrillion dollars. That amount is bigger than all the fiat monetary reserves in all of the markets combined.
How are they allowed to keep doing this? Considering that this is the US dollar they are screwing around with, I'm surprised that the SEC is not investigating them harder and levying severe punishments.
-
Since the beginning of the year, the capitalisation of stablecoins has grown by more than $30bn - almost $20bn of which was accounted for by USDT and another almost $9bn by USDC. USDT now accounts for about 69% of the entire segment.
P.S. Feel free to share what percentage of USDT you have in your portfolio. It's really interesting.
(https://i.ibb.co/FBj4CrK/Screenshot-2.png)
-
Tether printed 1,000,000,000,000,000 USDT. ;D
P.S. It's the same as always. Today Tether blocks someone's funds, tomorrow Tether campaign prints (without confirming) millions of dollars. I wonder how long this will continue? I wonder if everything is so transparent. As always, lots of questions = few answers.
Transaction Reference: https://whale-alert.io/transaction/ethereum/0x85de37e425735a04fdea90335fc054ada5b491c2a021755d175731261807282c
From what I see, Teher doesn't need anyone's permission, especially to border on the ridiculous with acts like this. Why the hell do they want to print that amount?. Because of things like this, many people do not understand and laugh when someone talks to them about cryptocurrencies, the numbers attract a lot of attention. Previous audits didn't give Tether any problems (that I remember), but I don't think they printed as much as this time. The worst part about all of this is that if Tether ever fails (for legal or other reasons), the noise it will make will be very large and it could be difficult to recover from the problems it will create in the market.
-
Tether CEO Paolo Ardoino announced the hacking of a “well-known” email distribution service provider widely used by cryptocurrency companies. He did not reveal its name until the investigation is complete.
Ardoino urged users to be wary of any airdrop offer emails received within a day. Coingecko co-founder Bobby Ong confirmed the information and said he has seen several phishing emails on behalf of the company.
P.S. I've always said and I'll say it again - never click on various (unverified) links. I myself personally, once almost lost money this way. Be careful in general! ???
-
Tether CEO Paolo Ardoino announced the hacking of a “well-known” email distribution service provider widely used by cryptocurrency companies. He did not reveal its name until the investigation is complete.
Ardoino urged users to be wary of any airdrop offer emails received within a day. Coingecko co-founder Bobby Ong confirmed the information and said he has seen several phishing emails on behalf of the company.
P.S. I've always said and I'll say it again - never click on various (unverified) links. I myself personally, once almost lost money this way. Be careful in general! ???
Yeah, he did mentioned it in his official twitter account about the said hacks, and it's really a dangerous world that we live it. So if someone receives something about airdrops and whatnot, just be careful.
As for the discussion about Tether,
https://tether.io/news/tether-announces-launch-of-alloy-by-tether-a-new-digital-asset-backed-by-tether-gold/
17 June 2024 – Tether, the largest company in the cryptocurrency industry, is excited to announce the official launch of Alloy by Tether, a ground-breaking tethered asset backed by Tether Gold. Developed by Moon Gold NA, S.A. de C.V. and Moon Gold El Salvador, S.A. de C.V., both of whom are members of the Tether Group, Alloy by Tether aims to redefine stability in the digital economy by combining the strengths of a stable unit of account with the security and reliability of gold.
So it's another of their venture and obviously they are again, the prime mover here. As they willing to be subjected to audit if this become so big in the market?
-
Tether plans to target more than $1 billion in investments over the next 12 months. According to CEO Paolo Ardoino, Tether's 15-person team receives “hundreds of venture offers,” most of which come directly from startups.
He said the company is focused on alternative financial infrastructure for emerging markets, artificial intelligence and biotechnology - areas that Tether has already committed about $2 billion to over the past two years.
-
Tether CEO Paolo Ardoino announced a new class of products from the company "after a year of hard work." It will be unveiled on Monday, June 17.
P.S. Are they purposely putting dust in your eyes? Or will there really be something interesting? Who has any thoughts about it?
(https://i.ibb.co/3Mg5jdh/image.png)
-
Times Square in New York City has posted a billboard accusing Tether of corruption. Yesterday, Consumers Research launched an ad campaign calling Tether a pyramid scheme and "the new FTX" and accusing the USDT stablecoin issuer of ties to Chinese governments, terrorist groups, drug cartels and human traffickers.
P.S. What do you think about this? Another hype? Or will Tether really be in big trouble? :o
(https://i.ibb.co/5ktq7Xm/image.png)
-
I agree with you that it is eternally true that these numbers hold their value no matter how many rains and storms come. Chances of profit are high if you trade with these coins. USDT is the most stable currency coin in the cryptocurrency world
-
I'm not sure about the accusations against them, but we have seen that since their inception, there have been a lot being thrown on them like running in fractional reserves like a bank and others.
And yet Tether becomes the biggest stable coin, and maybe the lesson here is that if you are a prime mover, it's hard to remain on top. However, if you can maintain your status then it's hard for them to stop and this is what Tether is now.
I don't think that they have ties with Chinese, but perhaps USDT is being used by gangs in China.
$1.9 Billion Tether Scheme
Chinese police uncovered a $1.9 billion underground banking racket involving the stablecoin Tether (USDT) in the city of Chengdu. The USDT stablecoin was used to exchange foreign currencies. So far, authorities have arrested 193 suspects across 26 provinces.
According to a media report, the underground operations started in January of 2021 and were mostly focused on smuggling medicine, cosmetics, and investment assets overseas. Two major underground operations were destroyed in Fujian and Hunan, and the police also froze 149 million yuan, worth around $20 million, linked to these operations.
https://coinpaper.com/4211/chinese-police-bust-1-9-billion-tether-underground-network
-
Tether, the USDT issuer, has hired Chainalysis's former chief economist “to improve communication with regulators.”
P.S. Looking forward to more “sanctions blockchains”? What do you think about that? Has decentralization already begun?
News link: https://www.theblock.co/post/305253/tether-philip-gradwell-chainalysis
-
Tether, the USDT issuer, has hired Chainalysis's former chief economist “to improve communication with regulators.”
This is Tether making a statement how they will kiss any regulator asses to comply and they will increase chain analytics. :P
I think that having Tether token in your wallet is going to be much worse for privacy than having Bitcoin because it is tied to ethereum addresses as tokens.
More assets freezing coming soon for Tether.
-
Tether, the USDT issuer, has hired Chainalysis's former chief economist “to improve communication with regulators.”
P.S. Looking forward to more “sanctions blockchains”? What do you think about that? Has decentralization already begun?
Tether is becoming increasingly strong and cautious in its compliance efforts to continue existing and growing. I hope this trend continues and we don't have to worry about Tether fate during this bullrun. The collapse of Tether could be the black swan of the crypto market, and I don't want to face that!
The SEC is no longer as aggressive as before, and both US presidential candidates are showing interest in crypto. I believe the era of hostility towards crypto companies is over, and we are entering an era of acceptance and promotion of crypto to create more benefits for the market and government budgets.
-
The SEC is no longer as aggressive as before, and both US presidential candidates are showing interest in crypto. I believe the era of hostility towards crypto companies is over, and we are entering an era of acceptance and promotion of crypto to create more benefits for the market and government budgets.
SEC may wait for the new policy of the next president. SEC doesn't want to be too aggressive now because they may be afraid if it will make a problem in the future. If both the candidates of US president will be friendly with crypto, I think SEC will make a friendly regulation as well. Few weeks ago, Kamal Harris is reported against crypto but now he looks trying to get supports from crypto players, too. We don't know if both candidates will keep friendly with crypto in the future. But at least this will be a good sign for crypto and for USDT, too. If this happens as expected, I also think USDT future will be safe. :)
-
Tether's CEO has expressed concern that MiCA regulation in the EU could pose a threat to stackcoins and the banking system - under MiCA, at least 60% of stackcoin reserves must be held in bank accounts in the EU.
Ardoino pointed out that financial institutions operate on a partial reserve basis, so only a portion of deposits are available for withdrawal at any given time.
He also noted that in the EU, cash deposits are only insured up to $100,000.
Source link: https://cointelegraph.com/news/mica-regulation-systemic-risk-banking-system-tether-ceo
-
Tether plans to compete with Microsoft, Google and Amazon in the field of artificial intelligence
The head of Tether Paolo Ardoino told about the company's intentions to expand its venture capital investment strategy - in particular, they plan to invest more in AI initiatives.
In selecting projects, the company will focus primarily on spreading the principles of decentralization, which should help the field of artificial intelligence to maintain independence. Ardoino is confident that Tether will be able to contribute to this mission.
In March this year, the USDT issuer launched Tether Data, a project dedicated to developing AI models. Prior to that, in 2023, Tether invested in German company Northern Data, which supplies computing power for AI-powered analytics.
Link to the official news: https://www.wired.com/story/tether-ceo-paolo-ardoino-crypto-ai-interview
-
Paolo Ardoino said Tether will launch a new open source project that will be “an important layer of their futuristic ecosystem.”
P.S. Do you believe everything said from Paulo Ardoino? Do you trust the USDT? Feel free to share your opinion on this.
News link: https://x.com/paoloardoino/status/1817604001711689895
-
I have tried to picture out the most stable coin on the market and after enough brain-storm, I discovered that USDT is the most stable coin in the market, it has always be between, $1 and $0.99.
Well... this is from 2018, so I have to start there, and I can't leave out perhaps the best post in this thread, the OP.
Come on! It has to be the simplest analysis, the one that borders on common sense, but it also makes it incomprehensible, since we can't stick to the data blindly, so any crypto currency, which is called a "Stable Coin," must be exactly that, that is, its strength or belief in the concept must be expressed in the established price.
And be careful, because here the 'trap' begins, it is not stable because of its concept itself, it is stable because it compares itself with the USD, in fact it is something that they pull out of their sleeve.
So a stable coin is one that subjugates confidence in its price and its project, leading to confidence, so, a stable coin can be applied to any crypto, watch out for that.
Therefore, its percentage of variation is relative to a market value, if it underlies a certain price, let's say a 30% drop,e.g.,etc. it simply adapts to market values.
With a crypto "stable coin", they are wrongly called that way, because in reality their stability is subjugated to $1.(0.99...)
To finish here with my analysis of this particular OP, and his definitive conclusion of what he thinks, it is good to tell him that he is wrong.
Stable coins are just another crypto, they have nothing special and in my opinion they are the least stable of the entire crypto system, make your "plays" with any stable coin, but do not be fooled by the reality about this crypto.
-
The total market capitalization of stablecoins has reached a new all-time high of $168 billion. The data does not include algorithmic stablecoins. The growth of the indicator has been observed for 11 months in a row and indicates the inflow of new money into the industry, experts believe.
USDTremains the leader of the segment. Since the beginning of the year, its capitalization has grown by $25 billion, exceeding $117 billion.
(https://i.ibb.co/YD6s1L1/image.png)
-
USDT issuer Tether reported record profits of $5.2 billion for the first half of 2024. The company reported a net operating profit of $1.3 billion. Tether's reserves in U.S. Treasuries exceeded $97.6 billion, beating Germany, the UAE and Australia.
More than $8 billion USDT was issued in the second quarter. Reserves are estimated at $118.4bn with liabilities of $113.1bn.
P.S. What happens if revenues drop to -50%, will everything be as good as it is now? Many questions, 0 answers as always. ::)
-
USDT issuer Tether reported record profits of $5.2 billion for the first half of 2024. The company reported a net operating profit of $1.3 billion. Tether's reserves in U.S. Treasuries exceeded $97.6 billion, beating Germany, the UAE and Australia.
More than $8 billion USDT was issued in the second quarter. Reserves are estimated at $118.4bn with liabilities of $113.1bn.
P.S. What happens if revenues drop to -50%, will everything be as good as it is now? Many questions, 0 answers as always. ::)
Tether's profits come from various sources, including earnings from USDT, bond interest, and other business ventures. These massive profits solidify Tether and USDT position in the crypto market, as investors can rest assured that Tether is operating stably and that each USDT is backed by at least $1 in assets.
Even if these profits were to decrease by 50%, I don't think we would face any significant issues. 1 USDT would still be valued around $1, it's just that concerns about Tether business operations could spread to the broader crypto market, making it less greedy and more fearful.
You frequently update on crypto market news, so please create new topics for us to discuss. I think forum members prefer engaging with fresh topics rather than commenting in old ones to answer questions that are less directly related to the title.
-
Is Tether in trouble again?
Consumers Research has criticized Tether for its lack of transparency in dollar reserves. Mentioning that Tether does not have a full audit of reserves. Ratings agency S&P Global gave Tether a stability rating of 4/5, when 5 is the worst. After so many fads with Tether, you can't be surprised about anything.
Link to the news: https://cointelegraph.com/news/consumer-watchdog-group-issues-warning-tether-transparency
(https://i.ibb.co/smDDb39/image.png)
-
Tether is one of the top Bitcoin owners and that can be identified publicly in bitcoin rich list and explorers.
I don't think they are in trouble for that reason, but regulators could always ban or restrict Tether for some reason.
Real problem for me is what happens after that, maybe they sell all bitcoin to cover their loses.
-
Tether is one of the top Bitcoin owners and that can be identified publicly in bitcoin rich list and explorers.
I don't think they are in trouble for that reason, but regulators could always ban or restrict Tether for some reason.
Real problem for me is what happens after that, maybe they sell all bitcoin to cover their loses.
I try to look at Tether's record and see how much Bitcoin they hold or at least other crypto as well,
https://platform.arkhamintelligence.com/explorer/entity/tether
Tether - $6,459,431,974.51
And around 75.354K BTC at their disposal, although this is still very short if we look at how much they are printing everyday. As we have been speculating in years already, they are just like banks running in fractional reserves.
-
And around 75.354K BTC at their disposal, although this is still very short if we look at how much they are printing everyday. As we have been speculating in years already, they are just like banks running in fractional reserves.
I am not defending Tether here, but all current fiat money is a scam printed from nothing, numbers on screen.
Even if in theory United States would want to pay entire debt that is impossible because there is not so much money in the existence., and real question is who would get that money? :)
This is all base on usury by private central banks, and it is easy to see this on debtclock:
https://www.usdebtclock.org