USDT is The Most Stable Coin?

[debra]

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. 

[NikeFit_7777]

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

[NikeFit_7777]

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

[NikeFit_7777]

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

[famososMuertos]

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.

[NikeFit_7777]

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.

[NikeFit_7777]

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. 

[MrSpasybo]

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.

[NikeFit_7777]

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

[dkbit98]

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.

[Jating]

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.

[dkbit98]

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