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Author Topic: Don't trust Tether (USDT), it's very dangerous!  (Read 150 times)
bhadz
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December 07, 2020, 08:01:11 PM
 #21

Not only that, there's also a chance that their address might be blocked or frozen by Tether itself. Yes, that happened and if you'll search it through google. You'll see handful articles about it.
And if that's for real that they've only got $0.74 instead of $1 then that's a serious problem that they might be stopped wholly by the US government soon.

DoublerHunter
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December 07, 2020, 10:10:38 PM
 #22

^ In the world of trading and exchanges everything remains risky we are always bound to the possibility that prices and value may collapse in the least expected situation or time. USDT backed with 1:1 by US fiat currency has been corrected and probably since last year.  It is standing still into what it is being projected in the public, however, this doesn't guarantee that when you convert your bitcoin into USDT, it will be of the same value when you decided to repurchase bitcoin for inflation might affect the value of USDT for some reason. I am not fond of converting my bitcoin to any stable coin for I don't see them as a safe haven rather I will hold it for a period of time and when necessary I will sell a fraction of it which will suffice the amount that I only need.
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