Why is the USDT crashing?

[dewildance]

I'm having trouble understanding why you're surprised today. Tether was always like that. He's only been calm for a while. It wasn't making an impact on the price, but it was always what was expected.

[Lerikaweb]

I think that all the bitcoin bought today within a half an hour was bought for tether mostly. This is why a stablecoin crashed. It will return its price in a day or two, but today it was smth crazy.

[NotFoundGlobal]

There is called FUD, I don't think that USDT is scam.
All people hold USDT and the bad news (FUD) are coming, also all people panic and then they bought bitcoin for their investment. Bitcoin price will grow up if many people want to buy it

[bittraffic]

USDT maintains its price to a dollar each but this is the first time I saw its price to be $0.93, interesting because if I just have about 1 btc one the exchange and turned it to usdt just when the price crash to 0.93, I might have profit hundred bucks. 

There is called FUD, I don't think that USDT is scam.
All people hold USDT and the bad news (FUD) are coming, also all people panic and then they bought bitcoin for their investment. Bitcoin price will grow up if many people want to buy it

Its not a scam of course but it will help you profit in trading, its one of the stable coin that you could go to when everything crashes.

[ShadowBits]

Some people say that the mission of the USDT was created to collapse.Why does OKex trade all large-scale USDT futures explosions? This caused the entire market to start exploding, and coins such as Bitcoin Ethereum rose rapidly, and BTC rose 13%. Is this situation beneficial to this market? Will the collapse of the USDT cause the entire market to collapse? What do you think will happen in the next situation?

I honestly think that they knew something about USDT that they are trying to get rid of it. That is also the reason why Bitcoin pumped for a while.

[opv321]

If tether crashes it could also go into the other direction and rive the prices up more but still as you say dont fomo atm no one knows anything atm and those who know dont tell yet.

[bogacola]

USDT is dropping  fell to $0.925284 at 07:00 UTC  the lowest level since April 27, 2017

[krassy]

 think Crypto USD and fiat USD are air bubbles because it costs nothing, but they are printed every day to get the whole world. All leading economists and analysts have expressed concerns about the next financial crisis, which will begin with the dollar. What you want.if the dollar issue both in paper form and in stablecoin grows every day. It is better to withdraw to cryptocurrency, any other tokens than to keep in such a bloated currency.

[karman383]

I want to ask you about the USDT collapse. What is your statement about that? I don't think it will affect the market situation for now.
Thank you very much.

[vseslav90]

Crashing is not the resul of USDT because it has good premises for the future and crashing is not the aim of their deal. I don't think that it will be there.

[Robert de Crypto]

USDT presenting the USD I think. and  USD prices based on an international reference rate. So, It's not about USDT but it talks about USD or US economic in whale side anyway. Just my opinion.

[Rahees]

Because it doesn't have enough strengths. Crashing will be with everything in crypto which is not ready to develop and is not suitable for the future working.

[kolsernik]

I think this fud and let us wait for announcement from Tether team, tether team announcement can relax many people.

I can already tell you what the tether team will say-we're fine and we don't know what happened) At the moment, there is no actual news about what happened today.I only know that there was a rumor that Binance can delist USDT.Then on Bitfinex and Kucoin was suspended wallets Tether.As many in the mail received a letter (as it turned out to be a viral newsletter) that USDT scammers.All these factors provoked a strong FUD against the USDT.And many began to panic and transfer their assets to bitcoin and altcoins.I think that will be restored.We just have to wait.

[escalante28]

I just read an article  early this morning about binance will going to delist USDT but I'm not sure about it.  If ever that is true then no wonder why bitcoin and ethereum  will going to pump it because USDT's holders  will going to dump it in Btc and Eth pairs. And hopefully USDT will be the reason in a bullish market. Lol. Almost everything  pump earlier.

[Teraboy]

Some people say that the mission of the USDT was created to collapse.Why does OKex trade all large-scale USDT futures explosions? This caused the entire market to start exploding, and coins such as Bitcoin Ethereum rose rapidly, and BTC rose 13%. Is this situation beneficial to this market? Will the collapse of the USDT cause the entire market to collapse? What do you think will happen in the next situation?

I honestly think that they knew something about USDT that they are trying to get rid of it. That is also the reason why Bitcoin pumped for a while.

Have you watched the latest news about implosion of USDT? But this news gives a little insight about that https://cointelegraph.com/news/tether-tanks-as-traders-lose-trust-other-cryptos-see-price-boost
A fake news about USDT just like that. these guys are spreading fear about that. TUSD has become another reason too. It's an inside job in my opinion.

[neli234]

A bit of rumors about the USDT were released today, along with Okex's release of information about the four stablecoins. I think if the Tether they still guarantee the liquidity is not a problem, everything will recover quickly

[Rameshvijay45]

It was just romours was created by someone

And this pump is as a result of the Tether fud. No new money came into the market just people selling their USDT to buy BTC and altcoins.Which caused this pump.

Here the fake announcement:



Now Tether was slowly recovering soon it will come to position I think.

[Doging]

It seems that the big exchanges sold all their USDT and invested all the money in Bitcoin. Therefore, its price reached $ 7,500.

[makerst]

Today there was a lot of information about this, but you saw that the price of the token today was falling and reached $ 0.9, so I’ll not say anything here, I’ll just remind you that it’s stablecoin which is backed by money.

[agusiska]

i think its all because of pumping and dumping scheme, and im sure we will meet the bull run next month.