Will Tether (USDT) eventually collapse cryptocurrencies market?

[LisaPX]

Is Tether (USDT) trustworthy?

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[Alex_Zi]

Every cryptocurrency - is a potential risk and volatility, even old good bitcoin))) I think there is no real USD behind the USDT and other cryptoUSD.
If you want to get profit you must understand that it is has a lot of risk.

[Buttermellow]

Well this is a good cryptocurrency especially if you do not one to lose your money from trading. However, the crypto has low volatility and meaning to say that in order for you to earn then you need huge investments. Still the crypto is relatively good to those who are only using cryptocurrency as their asset instead of a currency.

[dablatair]

Hello,

It is hard to say as even if they performed audits it seems unrealistic to have all the funds available. It is a good way to sécurisé your funds with less volatility but I would not stay in usdt for long term due to the high risk of bankrupt

[Red-Apple]

Tether is not trustworthy and it will eventually collapse and disappear but its collapse is not going to take the market down with it. the worst case scenario is that we will see a short period of price drops all around the market as people panic over nothing and sell to stay ahead of the drops. otherwise the market will go on with or without shitcoin such as USDT.

[Upgrade00]

Tether is not trustworthy and it will eventually collapse and disappear but its collapse is not going to take the market down with it. the worst case scenario is that we will see a short period of price drops all around the market as people panic over nothing and sell to stay ahead of the drops. otherwise the market will go on with or without shitcoin such as USDT.

Panic sales in the event of tether collapse would have an opposite effect on bitcoins and the rest of the cryptocurrency market.
If holders are selling out, they could be switching to bitcoin which is the top currency rather that USD. And such influx would increase the value of BTC.

Tether doesn't control the market

[PointHope]

The value of Bitcoin resides in the global decentralized network.
My understanding is that  BTC is largest and most powerful computer network in the world.

These other coin which aren't mine able don't and won't ever have that value.

Bitcoin is the platform the others try to copy.

Bitcoin mining network is getting stronger everyday.

I don't see how a Tether coin or Ripple can have any real impact on BTC.

[Ruben Ramsey]

Wether Tether is trustworthy or not, is highly debatable. Though it doe lokk like that it will crash soon enough from the condition of the coin in the market, it is unlikely that it will collapse the whole market. Worst case scenario, there will be some fall in the prices of other coins too and people will panic a lot, but the market won't collapse.

[icalical]

Tether had so many controversies, the most popular might be Bitfinex scandal, and not to mention some other bad news about Tether. The most recent news is the delist of Tether by Binance which is turn out to be a fake news, however Binance now delaying the withdrawal process of USDT because of that fake news. For me myself I don't really interested in crypto that backed by fiat (what so called "Stable Coin") like Tether, TrueUSD and soon. I think this currency is not necessary, the only real use case is to trade between Crypto and Fiat, but I it will be better if we trade directly from crypto to fiat.

[Fredsaw]

It is hard to say really even after the panic period. Bitcoin price got a huge boost after the Tether panic selloff. So I don't think Tether can collapse crypto market; rather it would have an opposite impact.

[sherwinsamsung]

usdt is a coin created by exchange giant binance.  as long as binance is operating, usdt will be present and tradeable 1:1.

[kingzpro]

I do not think so, i think even if something bad comes out of usdt even then people will start tonsell usdt and buy crypto, so this will infact boost the crypto market and put oressure on usdt, we have seen the trailor recently, so there is nothing to worry about crypto collapse due to usdt also there are alternatives of usdt already in the market.

[Gavyn Pace]

Every cryptocurrency is a potential risk and volatility.Still the crypto is relatively good to those who are only using cryptocurrency as their asset instead of a currency.

[duyduc256]

Every cryptocurrency - is a potential risk and volatility, even old good bitcoin))) I think there is no real USD behind the USDT and other cryptoUSD.
If you want to get profit you must understand that it is has a lot of risk.

Everything that comes out of this market has its own risks and all of our investments are risky in this time. I think USDT is not as safe as before because there are lots of Fiats competing directly with USDT such as TUSD, USDC and many other coin will appear in the coming time.

[Amberum]

What could be the reasons for a possible USDT collapse?
USD has no less reason to collapse, but still here.

[mayan251]

USDT accounts are not open and transparent. So yes. The risks of USDT are enormous. There are many alternatives in the market. Such as PAX GUSD USDC TUSD and so on. I believe their presence will break the balance of USDT. At the same time. Better maintain market stability.

[BitcoinHodler]

the only reason why Tether got big was because of the last year's pumps and the fact that most big exchanges (altcoin exchanges and also bitfinex itself) only had USDT listed for exchanging most coins and when the dumps began a lot of people wanted a stable coin to stay in while the altcoins were getting dumped.
as they cash out or go back to bitcoin the value of Tether drops and now with all the coins in circulation there is a sell pressure pushing the price below $1.

as for total collapse, i think it will eventually happen because it is a centralized company and the world won't let it grow too big, specially US since they are using their dollar in a way.

[yapa ve yalniz]

I think tether is very safe. But, lots of speculation news circulates. Don't mind them.
Tether is very rooted and very reliable.

[diouf67]

Tether will always be risky until it's proven that they have the USD funds to withstand a run on tether. As for if it would collapse the market I don't think it would be as catastrophic now that people are so aware of the dangers. It would be a bad time for cryptos though and I suspect we'd see around 30-50% wiped off the market value if it were to happen.

[spopovss]

Tether has big problems, I don’t understand why they are audited, I think in the future there could be a disaster in the crypto world because of the Tether.