I bring bad news. Tether has depegged

USDT (Tether) is unaffected and will remain unaffected. No need for any panic as far as USDT (Tether) is concerned.

Not to be mistaken with $UST (Terra) a stable coin in which has fell to merely .05 cents from its peg

lol, usdt is not alogoritmic stable token. it backed by real asset.
also USDT has been proven not have 1:1 guarantee from years ago, a attorney general check this and turn out it's true, but what happen next he visit usdt company than all paper of the investigasion got redacted. you can check yt coffezila he have 1 video talking about this in detail.
and guess what a lot people know this for a long time, including big exchange and they still use usdt. so i don't see any reason to panic about it

drehdinho said:

Can someone educate me please, cos I’m expecting about $2000 btc. And I plan on converting it to USDT. Then selling it on Binance P2P. Does it mean I might run into a loss or what ?

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i always prefer using busd cause i know usdt is not backed 1:1, honestly i doubt busd to, but at least binance is behind it. and God know how much crypto is in binance wallet atm.

SirLouen said:

I think that some people are creating mess on algorithmic stable coins just to build up some fuzz. This coins are meant to stabilize over the time with whatever volume they have, so basically some people are making money with your USDT/Tether selling under $1.

Maybe I'm wrong, but don't sell. When this shitload stops, they will go back to $1.

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well in the first place alorithmic stable coin is experimental project since none succed till today. usdt and busd is not. Also in luna case the owner is kinda stupid posting on twitter challanging billionare to attack his token, also have $10mill usd bet for it ...

best position right now = fetal position

Even the stable coin linked to KAVA network had some issues
If this bearish rally sustains, BTC could hit 24-20K soon

Tether posted that they removed some of the commercial debt and added US treasury bonds to back the stablecoin.

USDT depegged = Fake news (as usual).