Bitcoin Forum

Ok for context, tether fud has been around from day 1, I remember it well and asked the question a few years ago why Tether had not collapsed.

I concluded that there was a lot of FUD around tether.

Now the 'meme's are

[1] 15th to produce documents to NYAG' and surrounding litigation and

[2] Tether is the main on-ramp for crypto funding.

[3] Tether pumps then the market pumps.

What is your view on all this particularly the 15th?

What I want to know who exactly sending money to tether and where from to buy all these USDT? and who is their banker? I mean the are presumably putting the USD somewhere.

One senerio....suggested.
>If tether blows initial panic selling will occur
>After initial withdrawals, exchanges won't be able to supply real USD for further withdrawals, because they won't be able to convert 1 tether for 1 usd (because tether prints out of thin air)
>that's when the shit really hits the fan, exchanges go bankrupt and real funds are frozen and can never be withdrawn, you are left with useless tokens.

So is this all FUD or what?

We simply dont know whats going on with Tether. $800 Million really isnt a lot now in crypto. We dont even know if they got the $800m back or not.

The first thing that will happen if Tether goes bust/sued is that all who have Tether tokens might be in trouble since exchanges might delist Tether and you cant sell them anywhere.

But it can as well happen that Tether just keeps going like it always has. I mean people have spread Tether scarcity for years.

There is always risks in crypto, I wouldnt even consider Tether one of the biggest.

Just because Tether would go bust would you sell your bitcoin? I wont. If anything bitcoin becomes MORE VALUEABLE if Tether crashes because everyone will buy bitcoin with their Tether ASAP.

It may be an issue for some exchanges if they have alot of Tether and its suddenly worthless.

Actually, Tethar (USDT) is the most potential coin in the CMC. It has historical image and huge incident so that's why Tethar (USDT) don't collapsed a few years ago. At the present moment Tethar (USDT) is a strong and highly protected coin at all. According CMC report the Tethar (USDT) in the 3rd position taken. It is a stable and the tether is the main -ramp for crypto funding. So basically the coin is sent by its authority and its development and many online bank are enveloped with it's transaction.

Have you heard that Tether is suspected of fraud between iFinex and Bitfinex?
Maybe we will finally find out if each USDT is actually backed by a dollar. By the way, many experts are trying to expose Tether in dishonesty and advise transferring funds to more reliable stable coins.