Theter USDT fall

[tamango]

Did you notice USDT fall price?  I doubt since beginning that this coin is a "fake" and not stable ones as they said and I think everyone should stay away from it.

[KKH84]

Because USDT was hit by issues that made it fall by 20% this week. Bitfinex's Tether (USDT) market capitalization fell from USD 2.7 billion to USD 2.2 billion last October. The decline in market capitalization was triggered by the controversial issue of USDT so far.

One of the main causes is because there is a massive sale of around USD 550 million tokens since the beginning of October. On October 16, the Tether returned 250 million tokens. Reportedly, BItfinex has transacted approximately USD 250 million in USDT to the Buy Tether Fund address.

Bitfinex then moved another USD 300 million in USDT to the Tether backup address. Continued on October 9, again sent USD 100 million, and another USD 200 million on October 14.

The most controversial, besides doubting the truth of Tether backed up with USD, is because the manager between Bitfinex and Tether is from the same management. The lack of clarity made the controversy even stronger. When people began searching, the issue developed into Bitfinex and Tether began to collapse.

[Kritkarika]

Yeah as always same fud. I believe tether is not scam. Yeah they have some shady things but i believe they can handle that issues. With these fuds only whales earning 10 percentage of money in one day. Investors should move carefully and they shouldnt follow fud news.. But also we have other choices as you know. pax tusd gemini dollar etc etc.

[Prime]

Tether is a digital coin that is not the same as other types of crypto coins. This coin value is set from the Dollar value so the Tether value is more stable. Because that is the possibility that this coin will fall because many investors are not interested in a stable coin.

[KryptoBull]

I "accidentally" reread this topic and want to confirm that USDT is still well and has made great developments:
Market cap ranked 3rd in the crypto market: $ 9,196,330,776
Volume (24h): $ 21,935,324,410> Volume BTC> Volume ETH

https://coinmarketcap.com/currencies/tether/

Are we preparing to enter the Stable coin era

[cynthiaaddison]

Tether seem to be a strong and legit stable coin according to coinmarketcap

[Quart]

First of all, we need to consider that USDT is a stable stable coin. The fall or incerase of this coin will not be so high. So, better to proud them

[MrSpasybo]

Stable coin is making great progress, PAX has been supported by Paypal, hopefully USDT will also be supported by Visa in the near future. If Visa also supports PAX, indeed the position of USDT in the world of stable coin will also be threatened quite a lot...

[zendicator]

Yes i do believe that usdt is more shady and i dont believe that it is backed by real dollar. For me, I prefer to use DAI than usdt. However, most people prefer usdt because it has a huge volume.

[kent47400]

USDT is indeed a stable coin and now USDT has a blockchain branch of various famous altcoins such as from TRON and Ehereum.
If the USDT used to be only using the OMNI blockchain, then now it has 2 blockchain to make the transaction power faster.

This thread was made in 2018 and there have indeed been cases where the USDT has experienced a price drop that is far from the original USD price and this never happened but I forget again when this happened.

[Fenix]

Over the past two years since this topic was written, USDT has grown in popularity. It is one of the most used stablecoins right now. Previously, it did have some problems, but now such large price swings are not observed. The deviation from one, that is, the dollar, is always not very significant.

[krypto4uvak]

I think you are wrong. It is stable and will be the same.

[Renampun]

Over the past two years since this topic was written, USDT has grown in popularity. It is one of the most used stablecoins right now. Previously, it did have some problems, but now such large price swings are not observed. The deviation from one, that is, the dollar, is always not very significant.

to be honest, I didn't expect USDT to be in 3rd position as it is today, this is really amazing, I used to think stable coins wouldn't be in the top 3 position.

[ashraf786100]

The teacher is a digital coin which is not like the other type of corrupt Sakoo. This is because the value of the dollar is higher than the value of the tether. It is possible that this coin will be dropped because it is not possible to keep the car at bay for a long time.

[JacobJacob]

USDT is a coin to store value because it has a stable rate of 1 USD, often used to "avoid storms" when the market falls.