Anyone seeing USDT?

Rakzs

Power Member

Aug 6, 2022

555

687

• Nov 10, 2022

• #1

Saw apparently it depegged and reached $0.97, tradingview says it's at 0.98 now. This is likely related to FTX but does anyone know if it's worth selling or holding?

 

Richichi

Elite Member

Oct 13, 2012

1,507

1,044

• Nov 10, 2022

• #2

It's probably due to high trading volume, USDT has a fixed price. Could be that people buying the dip or something

 

Chris Newman

BANNED

Oct 13, 2018

6,868

6,032

• Nov 10, 2022

• #3

Nothing to panic about : USDT is at US$0.99, which is quite normal.
And Tether can and does "print" as much USDT as it wants, so Tether is able to "pull" and / or "push" USDT, in order to ensure that it is pegged to the US Dollar.
What you may perhaps worry about is the US Dollar crashing (if it ever does).

 

Followlix

Senior Member

Sep 6, 2018

913

1,063

• Nov 10, 2022

• #4

Sam is trying to profit on USDT while shorting it by taking loans on DeFi protocols against it and swapping.

Paolo himself seems to provide some information on the redemption statistics of USDT in the last 24 hours, which look good.

https://twitter.com/x/status/1590671674378067968

Time for serious bets

 

F

francdotexe

Banned - Selling via PM

Mar 3, 2022

72

17

• Nov 12, 2022

• #5

Rakzs said:

Saw apparently it depegged and reached $0.97, tradingview says it's at 0.98 now. This is likely related to FTX but does anyone know if it's worth selling or holding?

Click to expand...

usdt is probably safe, even if its not, if that happends whole crypto market will fucking crash to 0 sooo