USDT to GBP down 8% this month?

[thegoatiest]

I thought the whole idea of USDT was it was a stable way to convert fiat to crypto?
Is this 8% dip due to the GBP dropping in value or something?

cheers,

[kma.deno]

Market is a bit capricious now a days. Don't lose your hope. It would be nice if some experts could share their insight about the exact reason of the down turn. Thanks in advance.

[Fornam]

Last year I was needed to fiat some crypto. But I felt many problem and complication to fiat it on my own national currency. Then I fiat it on usd and feel very easy this way.

[Actum]

USDT to GBP down 8% this month. That does not mean that it's over. I think it would be better to compare the previous front.

[Foress]

USDT has lost 8% of GBP in this month, but there is a lot more to do in the future. Normally going down, it means that the uppermost way is smooth.

[TupMan007]

There are many platform on crypto world  for converting fiat to crypto. But which reliable platform you need to choose it depends on some factor related with you.

[Barrycuda007]

It makes me really disappointed based on this 8 percent demotions market will suffer again but this market is so unpredictable and unstable so this types of incidence may happen we know but we hope price will increase soon.

[Wrathhawk]

Nothing can really be stable in case of cryptocurrency, the drop and rise in prices is a common thing in the world of cryptocurrency and the reasons causing such situations are also unpredictable. But most probably, it could be GBP dropping in value, who knows.

[lositech]

I am kinda surprised and shocked, I thought USDT is a stable coin and the value remains stable, that is it doesn't fluctuates like the other crypto currencies? why the 8% down this month? can someone explain please?

[cryptotezi]

From my point of view  the GBP/USD exchange rate is quoted at 1.3369 at the start of the new week. In spite of the slight relief, it appears the move down from the April 17 highs continues to unfold and our previously detailed target at 1.3290 has been exceeded.

[Beffm]

In my opinion it was good and USDT was aimed for a stable way. I always think that cryptomarket and prices will not be stabled because it always fluctuated and it is the nature of this market.

[cryptosmith03]

I don't find any clue how USDT can influence GBP price drop as it is a technology to convert fiat into currency. Please make your discussion more clear by explaining what wanna say. Thank you.

[losiva]

I thought the whole idea of USDT was it was a stable way to convert fiat to crypto?
Is this 8% dip due to the GBP dropping in value or something?

cheers,

I though the same thing too, can someone please explain, it is possible for that to happen? USDT 8% dip due to the GBP dropping? I thought USDT is a stable coin and it's value doesn't change?

[mbally]

Please I thought USDT is a stable coin, like it is the USD in the crypto space? How come it is going down by 8%? I don't really understand, I thought people move their coins into USDT to hold their exact value and be free from market volatile? Someone should explain.

[thomaseco]

Tether is closely related to fiat than any other currency. It was created to make fiat transactions easier and GBP being one of the major fiat should have affected USDT when it's value went down. This is definitely the reason why USDT has seen the recent dip of 8%.