I bring bad news. Tether has depegged
- Thread starter bartosimpsonio
- Start date
LiquidLeads
Supreme Member
- Aug 3, 2016
- 1,352
- 803
Nah, all good with USDT
- Oct 11, 2013
- 525
- 423
What kind of attack is this. I mean, how is this attack happening? Being curious
- Jan 17, 2015
- 5,263
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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.
Maybe I'm wrong, but don't sell. When this shitload stops, they will go back to $1.
paisawaisa
Elite Member
- Mar 23, 2022
- 3,972
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This is not happening at the moment but will soon happen. It will end bad for a lot of people here.
sci0n
Junior Member
- Oct 21, 2021
- 144
- 183
It could be someone trying to create FUD or a narrative. Most people flee to stablecoins now instead of to USD, if stablecoins depeg then people will panic, sell all their crypto and all that.
Bitfinex/Tether FUD was constant a few years back.
LuckyGamble
Banned - Multiple Rules Violations
- Apr 14, 2022
- 1,047
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Yeah, BTC/USDT might explode!
DeFiNFT1
Elite Member
- Dec 19, 2021
- 1,799
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what are the signals you're basing the statement on?
I'm no conspiracy theorist... but this seems planned. i think they want to destroy the middle class so they can bring in socialism worldwide. agenda 2030 in full effect
I'm no conspiracy theorist... but this seems planned. i think they want to destroy the middle class so they can bring in socialism worldwide. agenda 2030 in full effect
- Mar 21, 2013
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DAFUQ?
learningbee
Registered Member
- Apr 25, 2022
- 54
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Tether is supposed to be backed by collateral of equivalent value in USD so even if under attack, it should not suffer much damage in terms of price drop. It will only be drastic if somehow, someone or somewhere there is a leak that Tether do not have sufficient USD$ collateral to fulfill their promise. In fact, Tether is not backed by 100% cash. There is a big portion that is covered by short term debts. And this is the part that is pretty tricky in the event of adverse market condition.
I am more concern with the news about coinbase stating that buyers of crypto on their platform are considered as unsecured creditors if these buyer keep their crypto on the Coinbase platform. This
The Oracle
Regular Member
- Jan 13, 2007
- 210
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DAI and PaxG are alright.
sci0n
Junior Member
- Oct 21, 2021
- 144
- 183
this is the thing. if there is a vulnerability somewhere in that, it could be like the subprime mortgages collapse. (that's a big if, i don't think that's likely, but the market can test it with someone else's money not mine lol)
- Mar 8, 2009
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Let's not make this something political as we want to continue the thread. Let's keep on the topic; thanks
- Jun 16, 2020
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Ahh nice theory. Like the 2008 subprime mortgage.
Most of crypto is purchased from the USDT that is generated. Probably the whales get it at a discounted price when they buy in bulk
Am just speculating. Probably a remote possibility
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unknownsmmers
BANNED
- Aug 6, 2019
- 1,232
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Lol tether will not go anywhere
Theyll try
Theyll try
- May 8, 2012
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"I'm no conspiracy theorist... BUT" <add the most stupid conspiracy tinfoil-hat shit here>
classic.
- Mar 21, 2013
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Agree 100%
Spot volatility is low. The danger lies in derivatives, people trading at 100x leverage for instance. If Tether is somehow backed by spot assets, then it's likely not at high risk. OTOH if it's backed by options or other derivatives, then we should be concerned.