The most stable coin" USDT" ,have the possibility of collapse??

[hungchenyao]

The most stable coin ,have the possibility of collapse?

This question Troubled me for long time，Thanks for answer

[pawel7777]

The most stable coin ,have the possibility of collapse?

This question Troubled me for long time，Thanks for answer

Yes.

[Rotsor]

Yes. Many people think it could collapse anytime.

[iv4n]

1 USDT worth 1 dollar because exchanges keeps a reserves of dollars to back every tether. Run by exchanges its somehow centralized and depends from them. You need to do a search on this some people behind bitfinex are behind tether too, and they were hacked not so long time ago. You can find a lot about that, its recent history.
Tether isn't an investment, its just useful as alternative to fiat, or to say dollar. They even had some hack two months ago, 30 million tether stolen from their system, as they say. That wasn't so big news but if you plan to invest in something do a full research don't be lazy.

[Phil_Bardsley]

How can't it collapse? Won't they just print more USDT?

[Phil_Bardsley]

USDT needs to go, I agree.

[pawel7777]

USDT needs to go, I agree.

Yeah, but hope they could print a couple of $billions and prop the price up to ~$25k before they go under. It costs them nothing after all.

[portotoi]

many altcoins got collapsed but most of them are just a scratch and don't have the potential to boost. But this USDT altoin will never collapse, it may fall down now but it will move upward soon.

[hungchenyao]

Have another choose^^?  No.2 stable coin??

[kurimiri]

The most stable coin ,have the possibility of collapse?

This question Troubled me for long time，Thanks for answer

USDT are equal to accounts payable for the exchanges. It is not any more risky than having btc or any other tokens stored at an exchange.
 The only risks is you are trusting the exchanges to keep your coins safe and not steal them. If they run away, than yes USDT and all of the tokens on the exchange becomes worthless.
on it's own, it is not possible for USDT to collapse regardless of how much or how little the marketcap of USDT is.

USDT is not the printing of new money. It exists because you deposited money into the exchange.

even if there is a so called bank run, that shouldn't be a problem, because unlike a bank, exchanges are not in the business of fractional-reserve banking.
and no, I disagree that USDT needs to go. Sometimes an investor wants to sit on the sideline for when they believe the market will go down, and that is when they will park their money into USDT.

[audaciousbeing]

USDT won't collapse not any time soon just because of its nature. It equals 1 dollar that is the argument we were made to believe but the issue is when bitfinex was hacked and about 30 million USDT was stolen, was the same amount stolen from their bank account? Obviously no and they didn't even feel it be cause they could just create additional 50 million USDT without anybody setting limit for that.

It simply shares the same characteristics with fiat because despite the million of notes that is being shred on a daily basis, they just print more, if the value drops as a result of inflation, they increase minimum wage and simply print more notes which means it won't crash.

[Orium Official]

The most stable coin ,have the possibility of collapse?

This question Troubled me for long time，Thanks for answer

• You have to be very serious, when you  plan to invest in something do a full research and don't let it be .

[kurimiri]

USDT won't collapse not any time soon just because of its nature. It equals 1 dollar that is the argument we were made to believe but the issue is when bitfinex was hacked and about 30 million USDT was stolen, was the same amount stolen from their bank account? Obviously no and they didn't even feel it be cause they could just create additional 50 million USDT without anybody setting limit for that.

It simply shares the same characteristics with fiat because despite the million of notes that is being shred on a daily basis, they just print more, if the value drops as a result of inflation, they increase minimum wage and simply print more notes which means it won't crash.

they cannot do that. if 30 million USDT is stolen, obviously the attacker immediately traded for another coin and withdrew them hence they now have a $30 million obligation (loss) to their customers.
usdt is not the feds, new money is not printed because the ticker exists

[serjent05]

USDT won't collapse not any time soon just because of its nature. It equals 1 dollar that is the argument we were made to believe but the issue is when bitfinex was hacked and about 30 million USDT was stolen, was the same amount stolen from their bank account? Obviously no and they didn't even feel it be cause they could just create additional 50 million USDT without anybody setting limit for that.

It simply shares the same characteristics with fiat because despite the million of notes that is being shred on a daily basis, they just print more, if the value drops as a result of inflation, they increase minimum wage and simply print more notes which means it won't crash.

It may not collapse now but it is not an assurance that USDT will not collapse.  Remember there is no permantent in this world.  Even the most established company yields one day.  So i will go with the other and agree that USDT have the possibility to collapse.  One factor after another will make it happen,  and I believe they just can't create value out of thin air. They need to back up every coin creation they made.

[South Park]

1 USDT worth 1 dollar because exchanges keeps a reserves of dollars to back every tether. Run by exchanges its somehow centralized and depends from them. You need to do a search on this some people behind bitfinex are behind tether too, and they were hacked not so long time ago. You can find a lot about that, its recent history.
Tether isn't an investment, its just useful as alternative to fiat, or to say dollar. They even had some hack two months ago, 30 million tether stolen from their system, as they say. That wasn't so big news but if you plan to invest in something do a full research don't be lazy.

But we know we cannot trust centralized sources, it is the same trick the banks have pulled on people since forever, they stored the money of the people and they realized that only a small percentage of them wanted their money at any one time and they began to create money out of nothing, this is fractional reserve banking and I will not be surprised if Tether was using the same formula to deceive people.

[hungchenyao]

May i ask if not use USDT , guys have any idea change which one coin to protect value?

[btc.xbt.btc]

I'm sure the possibility for any currency to collapse is always there.

[South Park]

May i ask if not use USDT , guys have any idea change which one coin to protect value?

If you are worried about protecting the value of your investments then the reality is that there is not a way to do it with a coin, think about it, you are trying to protect yourself from the variations of the markets of cryptocurrencies with another cryptocurrency? That does not make a lot of sense, right? So if you want to protect yourself you have no other option but to sell for fiat.

[hungchenyao]

Thank your idea! I think so ^^

[Granxis]

The USDT, that is to say the Tether has to be stable, because the crypto money represents the American dollar on the stock exchanges. Tether is supported by American dollars. USDT is transferable, storable, disposable, so I think it is not different from American dollar.