Will Tether crash to $0?

[BuyingBitcoin]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

[BlackFor3st]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Impossible since it was backed up by $1 and it will only reach 0 if the the dollars value became 0 too which is impossible. In regards with your question yes it's safe to hold your fund it will save you from crashing too if the market will crash, also it's the most stable coin in the market so you should not worry about it that much, it's impossible for it to reach 0.

[Silver80]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

you dream, wake up quickly and wash your face it's impossible because it's called "stablecoins" which means the facultative price is ±$1 usd, it won't be 0.97 usd or 1.02 it will be in that rhythm.

[Bitcoin Seller]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I strongly believe in Tether and use it. According to their quarterly report (30th of July) all the $62 billion have collateral, so it seems to be safe. Moreover, it has the biggest trading volume of all stablecoins, so people really trust and use it. In any case, you shouldn’t forget about diversification, so try to use other stablecoins as well (USDC, DAI, BUSD).

[danherbias07]

Yes, it is possible and you might not see it back if the bank fraud was proven.
https://www.bloomberg.com/news/articles/2021-07-26/tether-executives-said-to-face-criminal-probe-into-bank-fraud
Although I doubt that, anything could be covered by money now.
Year 2018 actually dumped the price at $0.92 which means there could be movements even if its backed by USD. They can maintain it $1 - $0.99 but that doesn't mean its market will not react when they are showered with FUD. They have investors and shareholders too and transparency will be crucial if they want to make them stay.

[dimonstration]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

you dream, wake up quickly and wash your face it's impossible because it's called "stablecoins" which means the facultative price is ±$1 usd, it won't be 0.97 usd or 1.02 it will be in that rhythm.

Possible if there reserve funds on the Bank were not real but just like what they do on early days of USDT and lots of shady transaction and issue was surrounding on that shady stablecoin. But as the current condition and Audit report of USDT, The team is showing an accurate transparent report so the chance of USDT to go 0 right now is very and near to impossible.

[wajik-tempe]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Stable coins will follow dollar value (maybe it's the the exactly similiar but the difference is around 0.01 ish) so i think it's safe to hold tether when you feel the market is not good enought to enter the trade. People found tether to replace fiat because each exchange has different fiat system, tether founded to make it universal, so people could send fiat (usdt) between exchanges right now

[cryptoaddictchie]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I cant seem to decipher the logic of this. Its quite imposisble to reach $0 value since its a stablecoin used for a very long time. How come it can be reduced to that. A possibility is suspensio of tether due to their case however they already win the case by paying some money. In any case it would be suspended is probably due to a very huge reason but I dont see it happening anytime.

[Maus0728]

@BuyingBitcoin

It is a stablecoin, which means its value is linked to the equivalent exchange value of US dollars. And if you're concerned about the security of your funds, I believe you should read the following thread:

[UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

Take note that, despite the fact that USDT is stored on blockchain, it is still similar to FIAT, which is centralized and subject to asset freezing.

[cabron]

If you are unsure just as we are, use the USDC, it's a bit real because it's backed by Coinbase.

Tether is very popular that we are just too used to it actually that when we say stablecoin its the one that comes to mind. But I think USDC is catching up and if you are still unsure there are also other stablecoin that I guess can still be trusted like the Gemini USD (GUSD) or the DAI itself.

[MarjorieZimmermanGinger]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

For now Tether is still a very safe place to keep our funds, although the current state of tether stablecoin has actually fallen to $0, it's just that the current state of things doesn't provide good value for tether.

But I still believe in the level of security in maintaining our current funds, if we go back to 2017, it is this current state that influences us not to say they are not safe anymore, it will take time to get back to normal.

[asriloni]

In my opinion if tether is still safe. it's not all of tether tokens issued by the company backed by the 1 tether 1 dollar. Any crypto can collapse even bitcoin when there was no demand on it but tether has been evolving to the big company and it's quite impossible for that to be down or crash. Tether ever crashed so hard in the past. that has been giving a lesson if tether could die anytime but people are still feeling confidence with it as they are still using tether as the token to keep their value to be stable or avoid the volatility from the market. I'm holding some tether now.

[layoutph]

Lols, how come a stable coin will drop to $0? It is backed by real fiat. During bear market Tether is a wonderful crypto if you want to hedge the value of your investment in crypto. If Bitcoin or ETH taps its ATH, convert your savings into stable coins.

[cdog]

I remember a few years ago when FUD news about USDT was chained to an email and the USDT price had fallen below $1 due to panic from traders but prices recovered quickly, there was no reason that USDT would fall to $0.

[DU18]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I never thought if usdt would touch $0 again or have no price at all in the future, unless all countries in the world banned crypto transactions of course this could happen, and maybe not only usdt become $0 but maybe all crypto no longer has value , but we know now that a lot of countries are starting to adopt crypto so it's very unlikely that this will happen, and even I believe one day the usdt price will be able to exceed the price of $1 regardless of the price following the dollar exchange rate so far.

[mindrust]

According to the latest data tether's dollar assets are only 3.87%

https://siliconangle.com/2021/05/13/tether-releases-reserve-breakdown-3-87-us-dollars/

Which means for every tether you got, they can only back it with 3,87 cents. They have some other assets as well but from what I've understood they are mostly corporate bonds and there is another scam going on there so yeah, tether is a ticking bomb.

[Dewi89]

I think this is impossible on this token, the entire economy of cryptocurrencies is now supported, this token is absolutely on all exchanges since it is already a standard. I do not know what should happen for the value and the price to fall to zero, I do not believe in it. Yes of course there is alternatives, but the standard is now usdt.

USDT is the main stablecoin available on all exchanges and there is no way USDT can just drop to $0 price, although the coin is stable but it can be in the top 3 coins on CMC list and I think USDT will continue to grow big in the crypto market.

[Stanlo]

There are many charges against usdt but what can I say? It's a pure centralised stable coin so it's going to be used for illegal activities but yes usdt is still my favourite and I use it to store money but my advice is to diversify your money into other stable coins as well cos anything can occur

[aemma]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

For a big platform or coin like Tether, crashing to $0 is not possible, what will even make it to crash to $0 when it has stayed around for years. The market cap of Tether shows the stablecoin has gotten enough recognition thus will be hard for any type of fud to push it down to nothing. Let's be realistic, many charges were filed against Tether and for many years nothing has been heard and even at that, people are still using it, that is to say, the team knows exactly what they are doing and what to do to maintain their growing ecosystem.
It's not like there are no other stablecoin, but there many now, yet no amount of fud or bad news has been able to make Tether become a lesser stablecoin.
Holding of stablecoin is a choice, and I don't think people hold for long since it is stable, but yet a lot of people are still holding Tether, in the same way, a lot of people believes DAI is better, and now we have BUSD which is from a reputable exchange and of course it is good as well; so you can make your decision and know which one to go for, but in my own opinion, all are good.

[imstillthebest]

There are many charges against usdt but what can I say? It's a pure centralised stable coin so it's going to be used for illegal activities but yes usdt is still my favourite and I use it to store money but my advice is to diversify your money into other stable coins as well cos anything can occur

criminals will get caught then if they using centralized coins such as usdt but it was decentralized cryptos that are anonymous and being used by many criminals  .
 it still up to us if what use we want in our cryptos , theres still many people use usdt for good  .
i dont believe that tether will drop to zero because of how stable it is and it also has a lot of users but there are other stable coins with less issues that we can use .

[magnum1010]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

you dream, wake up quickly and wash your face it's impossible because it's called "stablecoins" which means the facultative price is ±$1 usd, it won't be 0.97 usd or 1.02 it will be in that rhythm.

Are you sure that the price of stablecoins can’t be 0.97 or 1.02? Actually it happens quite often when investors are too active. Of course, it is fixed by arbitrageurs very quickly, but still stablecoins are not always 1$. Talking about algorithmic stablecoins, the situation with them is even worse. They really can drop to 0$ if people cease trusting them.

[WalkerIVIV]

For the time being, we may still be safe using tether as a means of storing assets in the market, but tether could fall to zero if there is a momentum that makes it crash so that many investors leave the coin and use other  better stable coins.

When it will be failed to be transparent about the reserved fund and then there will be lots of people will try to dump their tether and this will create a big dump that will make the price of tether to go to the bottom.
That will make tether worth zero value.
The question is whether another stable coin can be even more reliable than tether?

[DarkDays]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Impossible since it was backed up by $1 and it will only reach 0 if the the dollars value became 0 too which is impossible. In regards with your question yes it's safe to hold your fund it will save you from crashing too if the market will crash, also it's the most stable coin in the market so you should not worry about it that much, it's impossible for it to reach 0.

While it is impossible for USDT to reach 0 one can never be too cautious when dealing with a stable coin which not even to this day has given evidence of the 1:1 collateral backing it up. Yes, most markets rely on USDT but if a major roar was to happen one can imagine great change in the crypto sector and a rapid shift to other stable coins.

All I'm trying to say is that USDT (Tether) is more risky than other stables like USDC due to their unfolding jurisdictional case, due to which one can't predict with certainty which direction it will take.

[Insomnia family]

I don't think it's possible, because USDT has the largest trading volume of all stablecoins or there are still many traders who use this coin for trading pairs. So, as long as the coin is still widely used, has a real function, has a large volume then it is impossible like USDT to return at a price of $0.

[batang_bitcoin]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Better not. You know that they can freeze funds although there's a certain reason for that. But knowing that fact makes you think that what if that happens to you surprisingly without doing anything? Could you retrieve your funds or you cannot anymore?
If you're wanting to use a stable coin, there's DAI and that's a decentralized stable coin that you're going to be worry free upon transferring your wealth on it or saving profits on that coin.

[Bitcoinjheta]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

it won't happened that and really impossible for tether crashing down to $0 since USDT now a days has the largest trading volume in the market for trading pairs. Tether also is safe and trusted coin for storing funds.

[AmoreJaz]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

it won't happened that and really impossible for tether crashing down to $0 since USDT now a days has the largest trading volume in the market for trading pairs. Tether also is safe and trusted coin for storing assets and funds.

this scenario can possibly happen if up until now, they are not yet fully backed by USD assets. but we can't know the absolute truth about their assets. because the last time, year 2019, they admitted they were not fully backed. so how are going to verify their assets now? so if in case they are still not fully backed and the community/investors will learn about the truth, this can trigger the pull-out of investors because of the loss of trust. but til then, tether can enjoy their position in the market. hopefully, we will not hear again the same statement that they are not fully backed.

[iTradeChips]

If you are going to ask me, I think it is not possible for the token to come to a price that is 0 dollars. The only possible thing that would make this happen is if all the exchanges would decide not to deal with tether anymore or countries would band together and decide that crypto will not be legal tender. A lot of countries has been adopting crypto for the longest time and it is very unlikely that this kind of scenario will happen. I really doubt it.

[Renampun]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

if you are still unsure about usdt tether then just choose busd because it is quite safe...

but in my personal opinion usdt is safe enough so you don't have to worry about it, currently the circulation of usdt is compared to the circulation of usd dollars and usdt has been in the top 5 market cap for a long time, so there's nothing you need to worry about imo.

[Ararbermas]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

how is that possible to crash upto $0 wherein at the first place it has the same price with us dollar.. Indeed ever since before i never seen price of tether that fluctuate so hard like other cyrpto because of being so volatile as it's a very stable coin. Perhaps you are talking when it was new in the market and not yet finished to calculate all the data in order to display the real price itself.. Because you know it will going back to zero unless dollar value decrease as well, if not then it's impossible to happen.

[yasj]

I've been using tether for 2 years now and I feel tether is one of the best stable coins out there. There have been concerns about tether in the past. But remember tether is a mainstream stablecoin and 3rd in the market cap after Bitcoin and Ethereum. Therefore do not worry about its downfall, its very unlikely to happen. But you can always split up your money in USDC and USDT to make sure your funds are safe.

[Anonylz]

Except they have a legal issues that will go beyond fixing otherwise it is highly unlikely for such an established company (regardless of the rumored loopholes) to go to zero, however, there is a possibility such situation can happen when there are serious issues that may leads to government intervention, besides, there are many other recommended stablecoin options out there in the case where you are not comfortable using tether reserve your funds, it is hard to tell what actually is happening with tether, all I have heard is rumours of not being properly audited.

[Silver80]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

you dream, wake up quickly and wash your face it's impossible because it's called "stablecoins" which means the facultative price is ±$1 usd, it won't be 0.97 usd or 1.02 it will be in that rhythm.

Are you sure that the price of stablecoins can’t be 0.97 or 1.02? Actually it happens quite often when investors are too active. Of course, it is fixed by arbitrageurs very quickly, but still stablecoins are not always 1$. Talking about algorithmic stablecoins, the situation with them is even worse. They really can drop to 0$ if people cease trusting them.

you're just talking about things that might happen but I'm talking about the reality on the ground, can you not display the price below $0.97 as long as he appears, in the future it's just a prediction that doesn't even make sense

[darahjuang]

I think it's still safe. Tether coin which is in the top 10 and the current order of Tether is at no 4 CMC. Surely they will make sure if anything happens to the people who deposit funds with them. They can still be trusted in the market.

[wahyu wida]

I think it's still safe. Tether coin which is in the top 10 and the current order of Tether is at no 4 CMC. Surely they will make sure if anything happens to the people who deposit funds with them. They can still be trusted in the market.

tether is a stable coin which has many uses. By seeing such a large and correct capitalization at the top of coinmarketcap, I think tether will remain safe, unless there will be big news that makes it difficult for tether, of course it can happen, and not only to tether but also to other coins. I think trust is still high, making tether safe as a stable coin

[darahjuang]

I think it's still safe. Tether coin which is in the top 10 and the current order of Tether is at no 4 CMC. Surely they will make sure if anything happens to the people who deposit funds with them. They can still be trusted in the market.

tether is a stable coin which has many uses. By seeing such a large and correct capitalization at the top of coinmarketcap, I think tether will remain safe, unless there will be big news that makes it difficult for tether, of course it can happen, and not only to tether but also to other coins. I think trust is still high, making tether safe as a stable coin

Since 2017, I see the price chart for Tether is very stable ($1) to this day. That's why I say that Tether is still safe.
Of the many stable coins, I think Tether also falls into that category.

[michellee]

I think it's still safe. Tether coin which is in the top 10 and the current order of Tether is at no 4 CMC. Surely they will make sure if anything happens to the people who deposit funds with them. They can still be trusted in the market.

tether is a stable coin which has many uses. By seeing such a large and correct capitalization at the top of coinmarketcap, I think tether will remain safe, unless there will be big news that makes it difficult for tether, of course it can happen, and not only to tether but also to other coins. I think trust is still high, making tether safe as a stable coin

Besides that, the tether is available on almost all exchanges and the other wallet supports the existence. So I do not think that tether will crash to $0. the trust from people using tether is still high and they still use tether to be a safe haven to protect the volatility of the crypto price at the market. While tether can still benefit them, they will still believe that tether will still be inside the crypto market. But if the tether is crashed, maybe the other stable coin is also crash because tether is like the leader in the stable coins.

[Rahman11]

You need to learn about stablecoin, stablecoin not vulnerable like other cryptos, USDT USDC TETHER always live as stable cryptocurrency like paper money.

[Dread Pirate Roberts]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

you already know stablecoin means it has a fixed value. and tether backed up through the banking system including loans to affiliate companies. you can find out the details on wikipedia. it used to be controversial claim in the past but now tether is the most trusted stable coin i would say, its used in many services and exchange.

[Chathusand]

Tether, I believe, is an altcoin with great potential and future prospects; its development is slow, but the price of tether is very stable; we can see that tether is currently in the top 10 CMC, and it has been registered on every crypto exchange, this is proof that tether is well worth investing in.

[budi12]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

unimportant questions to answer. it is unlikely that Tether will crash to $0 because Tether is a stable coin that is unlikely to crash. so my advice please you learn about "stable coins" so you don't make questions like this. and Tether is a safe coin for storing assets on an exchange or in a wallet.

[7788bitcoin]

I think it's still safe. Tether coin which is in the top 10 and the current order of Tether is at no 4 CMC. Surely they will make sure if anything happens to the people who deposit funds with them. They can still be trusted in the market.

Ranking in coinmarketcap does not mean anything in the long run. The market is literally new and if you look at the top coins from the beginning, every year you will find new coins in the list and Bitcoin is the only coin stays at the top, the rest keeps on changing.

There are several lawsuit against Tether and the claims against them are money laundering and other serious offenses and i wont be surprised if the valuation goes to zero .

[KennyR]

I don't think it's possible because the stablecoins are backed up with a 1:1 ratio, I didn't know that there was news about tether dropping to 0$ because its value is the same as USD, maybe the bad news about tether freezing someone's funds in his personal wallet.

Yes, it is backed with 1:1 ratio. But how far this is true in the cryptospace is still a myth. Because earlier in an audit it is found with a massive difference and the same caused big crash in the entire market. However the fluctuation in the market will keep the price around $1 and 0 is not gonna happen now and forever.

[South Park]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

It is possible, for some years there have been some doubts if the ratio of USDT and the dollars they hold is still one to one, and this is a problem, as if enough people lose confidence on USDT then its value will fall down and the parity will be a thing of the past, however this is not enough to get USDT to zero, however a possible scenario is that the US government decides that they do not want a centralized coin being backed by their dollars and allowing people to use their currency in an indirect way and they decide to confiscate the bank accounts holding those dollars in reserve and the price of USDT crashes to zero because of this.

[senyorito123]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

We just need miracle for Tether to sustain for better, as I seen their community has been so silent for this recent times and no signs of progress that recovery from $0 will begin. Actually, most of shitcoins I've been holding didn't come with good results and all of them drowned badly in times of bear season and never recover since 2017 of being popular.

[el kaka22]

Everyone has a specific answer to this, but it all depends on the future and what happens to tether. I mean same tether, nothing changing, could both be zero or be 1 dollar forever. If you are answering based on anything that happened so far, or related to tether you are definitely 100% wrong, it is not about the company behind it, it is not amount to size, it is nothing about that we already know. What would make it zero then?

It would require something bad happening to tether, if there is a government problem, if there is something else, if anything happens in the future that causes a crash? Then we will see it at zero, if nothing happens like that? Then we will not see zero. That is what we should be considering. Many people think that it will be zero for sure, or know it won't be zero for sure, how could you know that right now? That's impossible.

[Rehan Zakir]

Please tell me the reason that why tether will crash to 0$. Tether price remains equal to 1$. Its price does not moving then how did it will crash. It is a stable coin. And it is backed by dollar currency. I did not believe that it will happen. When no one buyer of tether exist then a seller place a order of 0$ and buy it itself. Then it can happen but otherwise it will not happen that tether price will dump up to 0$.

[$anounimus$]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

The source from which you said Tether became 0. The value of Tether since it was developed until now is still the same as USD. If Tether falls to 0, then USD also becomes 0.
Regarding security questions, I think Tether is still safe to use. Although many are worried about this.

What worries Tether is that they don't even know what Tether is , so don't worry about it, and maybe the people who say Tether will be $0 are those who haven't eaten in a week and haven't showered in a month, so their minds aren't healthy.

[conected]

Even though tether's growth is currently stunted, I don't think tether will crash to $0 for a long time, because this altcoin has a chance to survive and grow better in the future, currently tether is still in the top 10 CMC, and that is proof that tether is one of the best altcoins to invest.

- Maybe you're a guy who doesn't know too much about Tether and then tries to make a few somewhat misleading comments about it because in the circle of community understanding, Tether is a stable symbol of value and it doesn't need to contribute to growth like other altcoins, after a few more years, its value will only stop at such an old script. Better development in the future also revolves around validation as well as changing its general interface, no whale dares to drag the value of Tether down

[Boomber]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

until now I think Tether is still safe to hold my funds and I also believe if Tether is impossible to be $0, because Tether is a stable coin and as long as there are still many people who use Tether, then Tether will remain strong and survive forever, so I don't think it is it might happen and of course you don't need to hesitate to hold your funds in Tether, because for now Tether is a stable coin with the highest volume and market cap, so of course Tether is one of the safest cryptocurrency at this time.

[nira09]

Tether, I believe, is an altcoin with great potential and future prospects; its development is slow, but the price of tether is very stable; we can see that tether is currently in the top 10 CMC, and it has been registered on every crypto exchange, this is proof that tether is well worth investing in.

You really really cheer me up. How can you make Tether a potential investment? Tether is a stable token, until whenever the price will be pegged to 1:1 with USD. If you want to invest, choose Bitcoin or Altcoin in addition to stable coins. Tether and other stable coins are just to keep your asset value stable from a volatile market.

I believe Tether is able to maintain its value for a time that we cannot measure, so far Tether is able to maintain its price stability, even when there is bad news, the price does not fall below $0.9 USD

[Pamadar]

Tether, I believe, is an altcoin with great potential and future prospects; its development is slow, but the price of tether is very stable; we can see that tether is currently in the top 10 CMC, and it has been registered on every crypto exchange, this is proof that tether is well worth investing in.

You really really cheer me up. How can you make Tether a potential investment? Tether is a stable token, until whenever the price will be pegged to 1:1 with USD. If you want to invest, choose Bitcoin or Altcoin in addition to stable coins. Tether and other stable coins are just to keep your asset value stable from a volatile market.

I believe Tether is able to maintain its value for a time that we cannot measure, so far Tether is able to maintain its price stability, even when there is bad news, the price does not fall below $0.9 USD

Representing US dollar inside crypto exchange,

Mostly help day traders who wanted to close their position without worrying about the value of their assets to fall, but as investment? It won't change anything when you convert it to fiat, unlike with other crypto assets where chances to see growth are always matter.

There are many project who already brought huge profits to every investor who trusts the team. Tough call, but decent rewards await if you pick the right project.

[Shohanur]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

We are not in 2017 and we are now in 2021. We should think about smartly. It won't be happened with tether because it is one of the popular and most establish. I think it is safe to hold funds on tether.

[7788bitcoin]

~
What worries Tether is that they don't even know what Tether is , so don't worry about it, and maybe the people who say Tether will be $0 are those who haven't eaten in a week and haven't showered in a month, so their minds aren't healthy.

I am not sure what you are trying to convey here. Tether does not know about Tether  . What does eating and showering and healthy mind has to do with what Tether is pegged .

~
You really really cheer me up. How can you make Tether a potential investment? Tether is a stable token, until whenever the price will be pegged to 1:1 with USD. If you want to invest, choose Bitcoin or Altcoin in addition to stable coins. Tether and other stable coins are just to keep your asset value stable from a volatile market.

To all the fans of Tether, initially they claimed that each and every Tether is pegged by USD and the basis of this claim was their word and for a long time they did not published any audit report.

For me it is a scam from the beginning and everyone will understand when everything starts to tumble and the long legal proceedings they have to undergo is another aspect which they are dealing now and the court date is fast approaching.

[TimeTeller]

~
What worries Tether is that they don't even know what Tether is , so don't worry about it, and maybe the people who say Tether will be $0 are those who haven't eaten in a week and haven't showered in a month, so their minds aren't healthy.

I am not sure what you are trying to convey here. Tether does not know about Tether  . What does eating and showering and healthy mind has to do with what Tether is pegged .

~
You really really cheer me up. How can you make Tether a potential investment? Tether is a stable token, until whenever the price will be pegged to 1:1 with USD. If you want to invest, choose Bitcoin or Altcoin in addition to stable coins. Tether and other stable coins are just to keep your asset value stable from a volatile market.

To all the fans of Tether, initially they claimed that each and every Tether is pegged by USD and the basis of this claim was their word and for a long time they did not published any audit report.

For me it is a scam from the beginning and everyone will understand when everything starts to tumble and the long legal proceedings they have to undergo is another aspect which they are dealing now and the court date is fast approaching.

This is what I am worried about Tether, the truth about their assets backing their currency.
Remember it was 2019 when they admitted that they were not fully backed with assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Now, how sure are we that they are now saying the absolute truth about their assets?
One bad news from them that they are not true to their words, this stable coin may be dropping hard.

[molsewid]

until now I think Tether is still safe to hold my funds and I also believe if Tether is impossible to be $0, because Tether is a stable coin and as long as there are still many people who use Tether, then Tether will remain strong and survive forever, so I don't think it is it might happen and of course you don't need to hesitate to hold your funds in Tether, because for now Tether is a stable coin with the highest volume and market cap, so of course Tether is one of the safest cryptocurrency at this time.

To be honest I still see Tether the safest token where I can transfer my other asset and put it on and hold because as far as I know so far it is the stable cryptocurrency I've encountered. I mean there's a sudden fluctuations of the value of Tether but only a minimal variation but so far the market value of Tether didn't go far different or lower than the value of US dollar. So I think it is impossible for a Tether to drop to $0 and I also don't think that we have to worry about this scenario because I don't think it is much possible to happen.

[Reatim]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

how would this be coming to end as 0 when the USDT is backed up by 1$? is this the way to become zero value when this was the safest coin to hold in our days now.

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

We are not in 2017 and we are now in 2021. We should think about smartly. It won't be happened with tether because it is one of the popular and most establish. I think it is safe to hold funds on tether.

yes , 4 years is enough to prove that USDT (tether) is stable and safer , i know that there are competition now yet this is not coming to end for anything .

[Pierre 2]

I was holding a lot of Tether in past like 2017 or 2018. There were same fraud claims about it. I was scared away and sold all my Tether to convert into my national currency. Although I believe Tether is dangerous I don't think it will drop to zero. There must be enough reserves to back it up.

[Oshosondy]

I was holding a lot of Tether in past like 2017 or 2018. There were same fraud claims about it. I was scared away and sold all my Tether to convert into my national currency. Although I believe Tether is dangerous I don't think it will drop to zero. There must be enough reserves to back it up.

If your national currency is a strong one like dollar or euro, it is good to use national currency than using tether, there are investigations that is going on about tether, I am still waiting for the investigations to be completed before I can trust the stable coin. But there are cases i do not have option than to make use of tether, this is especially during trading. Tether has been existing for a long time now, that is why I used it for trading, after I finish trading, I move back my coins to dollar.

[2tang]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

We are not in 2017 and we are now in 2021. We should think about smartly. It won't be happened with tether because it is one of the popular and most establish. I think it is safe to hold funds on tether.

In 2017, Tether is also still very safe to use, there is no reason whatsoever not to be safe using Tether because it is built to be stable and also for everyone's needs, so Tether is always in good standing forever

[usekevin]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

When the price down to zero,many will get into the poor status.Because most traders will hold at usdt,when the market get into the dump market.Nearly 90 percent of people will sell and make into usdt instead of hold the same coin to crashed and get into loss.Tether are blessing coin to most of the traders.

[nomenclatur]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Tether is unlikely to crash to the price of $0 if it crashes then investors will think that stable coins can no longer be trusted because the oldest stable coins are tethers which have great appeal because their value is very strong, many believe in tethers until now. the strength of high trust by investors to this day Tether is still the main choice that makes its value very meaningful and it is very useful not easy to waver in price.

[ivankoh]

I think every type of crypto is likely to be zero, not excluding any of Tether's immutability.  With any prolonged decline in depth there could be a higher risk of Tether's risk going back to zero.  Coupled with pressure from the government on CBDCs, they could shake the value of controlling Tether further reducing its chances.  Holding bitcoin will be a significant opportunity.
I will invest in the expansion stablecoin decentralized to support the Defi, which is the tendency to reduce dependence on Tether

[Rampagoe004]

For tether I don't think it will drop to $0 let alone the coin has been relied on as a stablecoin, so the decline that occurred is not too far from the price that has been set, and currently there are still many stablecoins that can be guaranteed security such as DAI, and BUSD so that it has been used in large markets then never hesitate with stablecoins because asset storage is safe, and tether is already used in large companies so it's all the more convincing.

[$anounimus$]

I am not sure what you are trying to convey here. Tether does not know about Tether  . What does eating and showering and healthy mind has to do with what Tether is pegged .

It's just an analogy and maybe the OP isn't feeling well again saying about Tether which has never had a problem, even I who use Tether often don't think that Tether will be $0, because Tether itself is a stablecoin that has a very good rating in cryptocurrency space, then how did he become 0

[v3liana]

If USDT collapses, it will bring down the whole crypto world with it as there are just too many USDT LPs. I personally keeps away from USDT. Busd and usdc are my fav but they are not capital efficient and have scalability issue. Hope to see a good working fractional algo stable in the coming future.

[Shasha80]

For tether I don't think it will drop to $0 let alone the coin has been relied on as a stablecoin, so the decline that occurred is not too far from the price that has been set, and currently there are still many stablecoins that can be guaranteed security such as DAI, and BUSD so that it has been used in large markets then never hesitate with stablecoins because asset storage is safe, and tether is already used in large companies so it's all the more convincing.

In a highly volatile crypto market it is necessary to have stablecoins, therefore the demand for Tether is quite high if we look at the data on
coinmarketcap. So it's almost impossible for us to see the price of Tether fall to $0, because Tether and other stablecoins have proven to be able
to save our capital if the market suddenly crashes. I often trade crypto using Tether pairing, so that the profits I make can be safe and avoid
the volatile crypto market.

[aylabadia05]

As long as there are transactions, I think it's still safe, especially altcoins like Tether. The problem of falling prices could occur due to several factors. You can see how the Trading Volume of the Tether coin today increased by 2.6% so you can know whether it is safe or not to keep funds.

[rodskee]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

This must be the funniest thread ever created (Aside from joking thread) .

Stable coin to become zero value? how can this be happen , you should have at least tell us some things on your mind why this may come.

backed up by dollars? meaning dollar will go down to zero also ?

As long as there are transactions, I think it's still safe, especially altcoins like Tether. The problem of falling prices could occur due to several factors. You can see how the Trading Volume of the Tether coin today increased by 2.6% so you can know whether it is safe or not to keep funds.

Lol even there are no trading volume for this coin still volatility will never come because that is the power of being stable coin.

[ajochems]

Speculation is totally wrong one. Because  Tether had huge amount of investors with huge capacity. Only demand of the people who converting their fiat to the stable crypto is usdt. They won't lose for cent percentage and surely get some minimum profit of 1-2 percentage by just holding it.

[ene1980]

~
This must be the funniest thread ever created (Aside from joking thread) .
Stable coin to become zero value? how can this be happen , you should have at least tell us some things on your mind why this may come.
backed up by dollars? meaning dollar will go down to zero also ?

If the cryptocurrency is really pegged to the US dollar then everyone should be able to verify that or you need to have an audit report. Have you seen the audit report from an authorized agency about Tether that they are backing atleast 20% of their coins in US dollars. If you have that clarity then we can say that it will last the test of time. But that is not the reality as there is nothing transparent when i checked and i am not sure whether they changed everything because they have a legal proceeding in court in the coming months.

[lenovop-70]

Even though tether's growth is currently stunted, I don't think tether will crash to $0 for a long time, because this altcoin has a chance to survive and grow better in the future, currently tether is still in the top 10 CMC, and that is proof that tether is one of the best altcoins to invest.

You were right, and i am do agree with your opinion, Tether is stable coin wich is did not have ability to increase or decrease sharply, and as we know Tether is favourite trading pair besides BTC and ETH, so he will long last as cryptocurrencies grown in the next day.

[rodskee]

~
This must be the funniest thread ever created (Aside from joking thread) .
Stable coin to become zero value? how can this be happen , you should have at least tell us some things on your mind why this may come.
backed up by dollars? meaning dollar will go down to zero also ?

If the cryptocurrency is really pegged to the US dollar then everyone should be able to verify that or you need to have an audit report. Have you seen the audit report from an authorized agency about Tether that they are backing atleast 20% of their coins in US dollars. If you have that clarity then we can say that it will last the test of time. But that is not the reality as there is nothing transparent when i checked and i am not sure whether they changed everything because they have a legal proceeding in court in the coming months.

They will have legal proceeding ? on what basis ? and what have you checked ? about their transparency ? sorry but you post is limited best to put links on what are you talking about  here because there is no clarity in your post thanks.

Speculation is totally wrong one. Because  Tether had huge amount of investors with huge capacity. Only demand of the people who converting their fiat to the stable crypto is usdt. They won't lose for cent percentage and surely get some minimum profit of 1-2 percentage by just holding it.

wait , 1-2% profit just by holding tether? this is a stable coin so how come that there will be an increase if you are holding the coin.

[mindrust]

Speculation is totally wrong one. Because  Tether had huge amount of investors with huge capacity. Only demand of the people who converting their fiat to the stable crypto is usdt. They won't lose for cent percentage and surely get some minimum profit of 1-2 percentage by just holding it.

wait , 1-2% profit just by holding tether? this is a stable coin so how come that there will be an increase if you are holding the coin.

This is the magic of crypto. Welcome to the future. In the world of crypto, anything is possible.

Last time I checked, Binance was rewarding you handsomely for holding tether. The rate was like 6% or 7% annually.

Where do they find the money? Don't ask me, I am not that smart.

[Xinarae*]

Speculation is totally wrong one. Because  Tether had huge amount of investors with huge capacity. Only demand of the people who converting their fiat to the stable crypto is usdt. They won't lose for cent percentage and surely get some minimum profit of 1-2 percentage by just holding it.

Tether is a stable currency with the rise in the price of bitcoin and ethereum, the demand for tether has dropped so much that the tether key will crash at $ 0. But don't get lost in the market there is a long way to go before investing in altcoin can be good. If the demand increases the price will increase.

[arifteguhr]

You were right, and i am do agree with your opinion, Tether is stable coin wich is did not have ability to increase or decrease sharply, and as we know Tether is favourite trading pair besides BTC and ETH, so he will long last as cryptocurrencies grown in the next day.

Tether will never grow as long as the value of the USD fiat currency does not grow, because the value of Tether is always equated with the value of fiat USD in general, so that is what makes Tether called a stable coin that will last a long time in cryptocurrency.

[South Park]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

We are not in 2017 and we are now in 2021. We should think about smartly. It won't be happened with tether because it is one of the popular and most establish. I think it is safe to hold funds on tether.

Just because it has not happened yet we cannot really say that it is never going to happen in the future, this is flawed thinking, is true that USDT has been a coin that has performed up to the expectations of the market but that doesn't mean that this is going to keep being the case forever, and we have evidence of this being the case with thousands of coins that many people thought will skyrocket and make them rich only for the opposite to happen, so you need to always be ready to get rid of any coin no matter how stable it may seem.

[Samurai trieng]

I don't believe if tether crashes to $0, because in my opinion this altcoin has great potential even though its current growth is very slow, but the movement of this altcoin is very stable, rising not too high and falling not too flashy, very suitable as a long-term investment.

[litepool.ru]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

There's no reason for me to think USDT is $0, because it's already defaulted to value. Many may argue that it is insecure and lacks transparency, but those are just small comments for the value it has brought in the market.

[domoy77]

I don't believe if tether crashes to $0, because in my opinion this altcoin has great potential even though its current growth is very slow, but the movement of this altcoin is very stable, rising not too high and falling not too flashy, very suitable as a long-term investment.

Hehe sometimes I laugh reading your statement , it seems you don't know what Tether is, Ok, let me explain a little about this that Tether is a stable coin whose security to use it is very large and also very strong because of the large number of pairs with Altcoins, so potentially it it's fixed and won't experience growth on the price side because it's a stablecoin, so its ups and downs only occur in very low percentage sizes, so I think this is very clear for you to understand.

[Chato1977]

Nope, tether had been here for long and the first ever popular stable coin , I also had hold tether for years .
i trust this coin and i know that there is a safer place for this to keep.

I don't believe if tether crashes to $0, because in my opinion this altcoin has great potential even though its current growth is very slow, but the movement of this altcoin is very stable, rising not too high and falling not too flashy, very suitable as a long-term investment.

Like all of us do.

[Orange89]

Never ever it can't be happen as USDT also called as Stable coin that's backed by USD which is used in real currency and no one wants it's country money value to get 0$ that's why it is technically impossibly Yes you may see fluctuation as in compared to last year it had shown huge fluctuation but yes it can't be zero that's i am sure but again no one can predict the future

[speedforce]

Its impossible, to many people backed the price and see the drop as the opportunity to take profit after.
So if the price goin down for some percentage, it will going back to normal really fast.

[Ruvi2000sew]

I believe it is still safe as long as there are transactions, especially for altcoins like Tether. The problem of dropping pricing can be caused by a variety of circumstances. You can check how the Tether coin's Trading Volume grew by 2.6 percent today to determine whether it is safe to preserve cash.

[irixo10]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

There have been many scenarios where Tether was said to face SEC, in fact there have been many cases which people said were filed against Tether for a long time now, but yet here it is, with the biggest market cap when it comes to stablecoins. For a platform as big as Tether I find it hard to believe that it will ever crash to $0 not after all these years and moreover the team are doing a good work in making the coin available through many blockchain networks. Also, taking the case of Ripple as an example, even with all the tough cases it faced against SEC, it still didn't crash that is to say, most of these big projects which have been developing for a long time now, will hardly crash to $0.
In my opinion, I would say it better to use more than one stablecoins, Tether is good quite alright but having another in addition to Tether is also better.

[Wakate]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

USDT is a very good stable coin we has a market cap of a out $65k showing that a lots of traders and investors are holders of USDT. This coin is the best stable coin I've known for long now and I don't think there is any reasons that will make it fall to zero. I think op needs to make good research on this coin to really know it value.

I always convert my other volatility coins to usdt in order to be safe especially when the market is falling and there is no way I can keep on holding the them, so I usually convert them to usdt until the market is positive again before I will change it back.

[Fredomago]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

There have been many scenarios where Tether was said to face SEC, in fact there have been many cases which people said were filed against Tether for a long time now, but yet here it is, with the biggest market cap when it comes to stablecoins. For a platform as big as Tether I find it hard to believe that it will ever crash to $0 not after all these years and moreover the team are doing a good work in making the coin available through many blockchain networks. Also, taking the case of Ripple as an example, even with all the tough cases it faced against SEC, it still didn't crash that is to say, most of these big projects which have been developing for a long time now, will hardly crash to $0.
In my opinion, I would say it better to use more than one stablecoins, Tether is good quite alright but having another in addition to Tether is also better.

Much better, if you are doubting this stable coin then use other alternatives there are many stable coins now inside the market.

You can pick one of those or use multiple to secure your funds, though just like how you explained it, been a long time since we seen those issues about tether but still the coin still usable and traders still enjoying it,.

Crashing to zero still far to happened unless a major problem take place inside the project itself.

[Fivestar4everMVP]

Well, ive been using tether usdt since I started my journey into stable coins, aside the fact I sometimes make use of BUSD on binance or trust wallet, usdt have been my most trusted stablecoin of choice.
Recently, alot of controversial news began to come up around tether which for sure will make anyone worry most especially when money is involved, but since this issues started around tether, nothing has really changed, the stablecoin continues to stand strong and even gain more users, so personally, I believe that tether isn't crashing to 0  anytime soon, this is if it will ever, maybe some day, a better stable coin might surface and people shift from tether, but that does not mean tether is returning to 0.

[crzy]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I don't think it will happen because $1 is already the basis for Tether so technically it wont reach up to $0 and imagine that topic was created since 2017 and four years after the price of Tether is still the same so don't think about this one because the market is getting better and we need a stable token to at least secure our funds and Tether is one of the best option for that.

[tabas]

I don't think it will happen because $1 is already the basis for Tether so technically it wont reach up to $0 and imagine that topic was created since 2017 and four years after the price of Tether is still the same so don't think about this one because the market is getting better and we need a stable token to at least secure our funds and Tether is one of the best option for that.

Tether is unlikely to crash but there's a handful of stable coins that just lost their value. I don't know how exactly it happened but there's a chance that it can too.
Maybe not with Tether or it could be.

[Slow death]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Source: https://coinmarketcap.com/

this data proves that people trust and use more USDT compared to other establecoins, so you can already imagine what it means, in a nutshell: you can keep using USDT and of course always with your eyes wide open so that if shit happens you will be safe

[Clement Kaliyar]

this data proves that people trust and use more USDT compared to other establecoins, so you can already imagine what it means, in a nutshell: you can keep using USDT and of course always with your eyes wide open so that if shit happens you will be safe

The evidence is that majority of the users trust USDT and may be because they are not aware of the issues that are brewing for years or they think that the team will overcome these and keep on running without much audit. It is really popular but that does not make it trustworthy. Will see what happens in the next 5 years seals it fate.

[awik p]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Source: https://coinmarketcap.com/

this data proves that people trust and use more USDT compared to other establecoins, so you can already imagine what it means, in a nutshell: you can keep using USDT and of course always with your eyes wide open so that if shit happens you will be safe

we can see from the past that usdt has always been on top. this shows that the market capitalization of usdt is still large when compared to other stablecoins. how can we say the usdt is not safe, or will even be worth $0, will the usdt holders take all the funds, until there is no market cap left. I guess logically it's not like that

[South Park]

Never ever it can't be happen as USDT also called as Stable coin that's backed by USD which is used in real currency and no one wants it's country money value to get 0$ that's why it is technically impossibly Yes you may see fluctuation as in compared to last year it had shown huge fluctuation but yes it can't be zero that's i am sure but again no one can predict the future

It is not impossible, why do you think satoshi took the time to create a decentralized currency in the first place? Because he knew that if he created a centralized one then he risked all the servers being confiscated and the coin going to zero, this is why bitcoin cannot be killed and governments are frustrated because of this, but when it comes to a centralized currency like USDT the only thing the governments need to do is to freeze the accounts with all of those dollars and then the coin will be backed by nothing, then people will lose confidence in the coin and it will crash to zero.

[Hypnosis00]

this data proves that people trust and use more USDT compared to other establecoins, so you can already imagine what it means, in a nutshell: you can keep using USDT and of course always with your eyes wide open so that if shit happens you will be safe

The evidence is that majority of the users trust USDT and may be because they are not aware of the issues that are brewing for years or they think that the team will overcome these and keep on running without much audit. It is really popular but that does not make it trustworthy. Will see what happens in the next 5 years seals it fate.

Can't argue with that data, and I would have thought so also if anyone asked. Tether, as much as it has been talked about, and the proof and evidence over the years, but if you go to an exchange, even P2P, it's USDT that people sell the most for your crypto. Best prices, best liquidity. Too big to fail they all believe. Sort of like Ripple, how people just believe it'll improve and get over their problems. For no other reason than that it's way too successful.

yeah, and I usually used stablecoins for my trading pairs with altcoins like USDT or BUSD. I don't see any reason to happen that stablecoins will collapse in the crypto market. Now that to see many or I think the majority are using Tether for trading the more it gains confidence that it never becomes $0. That only happens when the crypto market will stop but seeing it won't, in fact, we can see it continue to spread and keep on growing which obviously tells that more people are using this one.

[globalpain]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Source: https://coinmarketcap.com/

this data proves that people trust and use more USDT compared to other establecoins, so you can already imagine what it means, in a nutshell: you can keep using USDT and of course always with your eyes wide open so that if shit happens you will be safe

we can see from the past that usdt has always been on top. this shows that the market capitalization of usdt is still large when compared to other stablecoins. how can we say the usdt is not safe, or will even be worth $0, will the usdt holders take all the funds, until there is no market cap left. I guess logically it's not like that

That's right I think it's quite strange if there are still people who doubt USDT,
I don't think we need to worry about USDT and it's safe,
if you are not sure maybe we can follow the movement of USDT market capitalization

[elisabetheva]

this data proves that people trust and use more USDT compared to other establecoins, so you can already imagine what it means, in a nutshell: you can keep using USDT and of course always with your eyes wide open so that if shit happens you will be safe

it is clear that people using stable coins certainly aim that what they want with the coin should indeed remain stable and will not be affected by any events, if there is also a change there will be very little impact and indeed USDT is the most appropriate for stable coins at this time.

The evidence is that majority of the users trust USDT and may be because they are not aware of the issues that are brewing for years or they think that the team will overcome these and keep on running without much audit. It is really popular but that does not make it trustworthy. Will see what happens in the next 5 years seals it fate.

USDT will certainly not be affected by any circumstances and will always be able to provide a stable value and it is made for it. so it is likely that many people will not be affected at all by the situation that USDT as a stable coin will change in the future, it can be ascertained that it will always be maintained because the mechanism is indeed made in such a way.

[Abiky]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Nothing is guaranteed to last for life. Tether is subject to losing its value in the future because of its utterly-centralized design. A full government crackdown or the issuer "closing up shop", could undermine the value of Tether as we speak. We should be prepared for the worst by cashing out our crypto directly into Fiat instead of a stablecoin. You'll never know when everything will go down the drain as the crypto market is widely unpredictable.

I'd assume that the whole market will crash after Tether goes to $0. That's because Tether is the one stablecoin which moves the market. Ever since the stablecoin launched, the issuer (Bitfinex) has been "printing" new coins with the aim to manipulate the market. Without Tether, the market will be doomed. Prices of major crypto assets will recover after that, albeit at a slow and steady pace. There's no need to worry about Tether since there are a wide number of options to choose from. With a decentralized stablecoin like DAI, there's no need to rely on centralized stablecoins anymore. Time will tell us whenever Tether will survive or become a failed experiment. Just my opinion

[Tomohisa]

No one can give you a definitive answer about if USDT safe or not. If anyone is so confident about their answer, they're a fool and you shouldn't trust it. USDT or Tether or any stablecoin out there always has a risk. You shouldn't put everything you have into USDT bag, split it and spread it out to other cryptocurrencies or other stablecoin.

[Smitty Werben Man Jensen]

No one can give you a definitive answer about if USDT safe or not. If anyone is so confident about their answer, they're a fool and you shouldn't trust it. USDT or Tether or any stablecoin out there always has a risk. You shouldn't put everything you have into USDT bag, split it and spread it out to other cryptocurrencies or other stablecoin.

Basically for me personally every coin must have its own level of risk,
talking about stable coins like USDT and BUSD so far it's safe and maybe the risk is still low,
It's also a good way to share it in other coins not on one coin and I think it can minimize the risk

[arifteguhr]

In respects with your inquiry yes it's protected to hold your asset it will save you from smashing as well if the market will decline, additionally it's the most steady coin on the lookout so you ought not stress over it that much. I think it is protected to hold tie when you feel the market isn't adequate to enter the exchange.

Your explanation is very precise and may be very helpful for the creator of this topic, because maybe he doesn't know Tether completely, so he made this kind of question and now there are many answers that he can understand well in general.

[Handsome Boy]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Tether will never reach $0, because if the price of Tether reaches $0, then it's means Tether is not safe anymore (scam), because Tether is a stable coin and is in the top 5 on coinmarketcap, so the price of Tether will always be stable and will not crash to $0, because Tether has a lot of support (high volume and market cap).

[fullhdpixel]

I'd assume that the whole market will crash after Tether goes to $0. That's because Tether is the one stablecoin which moves the market. Ever since the stablecoin launched, the issuer (Bitfinex) has been "printing" new coins with the aim to manipulate the market. Without Tether, the market will be doomed. Prices of major crypto assets will recover after that, albeit at a slow and steady pace. There's no need to worry about Tether since there are a wide number of options to choose from. With a decentralized stablecoin like DAI, there's no need to rely on centralized stablecoins anymore. Time will tell us whenever Tether will survive or become a failed experiment.

Contrary to popular belief, tether is not the thing that keeps bitcoin alive, just the opposite it is the thing that keeps it low. When tether crashes to zero, where does that money go to? Will it go to dollar directly? It will go to bitcoin, people who sell their tether will cause it to go down, because without people selling USDT then how could it go down?

If people are selling for it to go down, then what are they getting in return? If they are selling that means they need to get something in return, even if they are selling it for 10 cents they need to get something in return, and that is 99.99% of the time will be bitcoin, hence the price of bitcoin will skyrocket insanely high, think about 50+ billion dollars worth of bitcoin bought at the same period, even if it is just 5-6 billion dollars that is going to impact the price amazingly well.

[Woodie]

What would constitute for a crash in the first place? Going down to zero dollars isn't possible remember that some coins are lost forever some have their owners not able to access them because of forgotten private keys which means these will save some of its value..

For your information tether crashing to zero means we have a financial crisis in real life because it's pegged to perform and mimic how price moves based on the US dollar .

[South Park]

That's right I think it's quite strange if there are still people who doubt USDT,
I don't think we need to worry about USDT and it's safe,
if you are not sure maybe we can follow the movement of USDT market capitalization

It is not strange at all that people doubt USDT, only those that know nothing about USDT trust completely in it, over the years there have been many doubts about whether or not each USDT is backed by one dollar as they say and there is decent evidence that shows that at least for a time this was not the case, which should have caused the price to go down, and when we take into account its centralized nature it is natural that people doubt it.

[Vaculin]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

It is the same asking "if Bitcoin will crash to $0?"
I couldn't remember that stablecoins had become $0 market value last 2017, maybe those shitcoins, not USDT, BUSD, and other stable coins.

if ever I miss that thing but in this time, I have no doubt that it will happen again. I mean, the market is growing, many traders are using Tether as trading pairs to BTC and altcoins. And for that high demand, it surely becomes impossible that it losses again its value.

[Om.monata]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

stop comedy guys. tether will not break easily, you need tether to make the coin stable and like a dollar. even today tether is nominated as the safest coin to store assets. so it's impossible if the tether is 0

[Theones]

I don't think it will  go down to zero but since its a centralized one anything can happen to this coin. Just like binance freezed converting btc to usdt in latest bloodshed. We can never predict behaviour of these centralized things.

[domoy77]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

stop comedy guys. tether will not break easily, you need tether to make the coin stable and like a dollar. even today tether is nominated as the safest coin to store assets. so it's impossible if the tether is 0

The comedy he makes is not funny even though he made this on purpose, because Tether has been used by many cryptocurrency users since the past until now and there has never been any complaint regarding its use, so how can it be 0, so it's a deliberate comedy it's annoying sometimes too.

[livingfree]

I don't think it will  go down to zero but since its a centralized one anything can happen to this coin. Just like binance freezed converting btc to usdt in latest bloodshed. We can never predict behaviour of these centralized things.

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

[ene1980]

~
It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

The huge volume of trades can vanish anytime. How many times we have seen coins and projects with huge volumes of trade and exchanges with huge volumes vanish just like that, either due to a major hack or some sort of legal issues. With the legal issues Tether is having and the court cases they are involved you cannot blindly say that it will never happen. We will see how long it can sustain these levels once regulations kicks in globally.

[Xampeuu]

I don't think it will  go down to zero but since its a centralized one anything can happen to this coin. Just like binance freezed converting btc to usdt in latest bloodshed. We can never predict behaviour of these centralized things.

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

logically it is difficult if tether will reach zero especially in the near term, if we look at the size of the trading volume in usdt. but with a legal case, anything can happen, so it's just a matter of how well tether is in resolving the legal case, and this will certainly affect investor confidence.

[livingfree]

~
It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

The huge volume of trades can vanish anytime. How many times we have seen coins and projects with huge volumes of trade and exchanges with huge volumes vanish just like that, either due to a major hack or some sort of legal issues. With the legal issues Tether is having and the court cases they are involved you cannot blindly say that it will never happen. We will see how long it can sustain these levels once regulations kicks in globally.

I don't think that it can vanish in an instant. It will gradually be gone if there's no more volume with it but I don't think that it will vanish as immediate as a snap of a finger. This is Tether and this is different from those projects that have vanished an instant, there's been a huge volume on it for a long time, I'm not defending it.

I'm just stating a fact that if ever there's some bad news on it, it can't be gone on that time quickly.

I don't think it will  go down to zero but since its a centralized one anything can happen to this coin. Just like binance freezed converting btc to usdt in latest bloodshed. We can never predict behaviour of these centralized things.

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

logically it is difficult if tether will reach zero especially in the near term, if we look at the size of the trading volume in usdt. but with a legal case, anything can happen, so it's just a matter of how well tether is in resolving the legal case, and this will certainly affect investor confidence.

It is true that anything can happen. But I believe that if ever it drops in value, we'll see it a little by little.

[Pamadar]

I don't think it will  go down to zero but since its a centralized one anything can happen to this coin. Just like binance freezed converting btc to usdt in latest bloodshed. We can never predict behaviour of these centralized things.

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

logically it is difficult if tether will reach zero especially in the near term, if we look at the size of the trading volume in usdt. but with a legal case, anything can happen, so it's just a matter of how well tether is in resolving the legal case, and this will certainly affect investor confidence.

The volume of tether inside the exchange is really huge and seems not to be moved as quickly as that.
but like what you have said legal cases may affect this stable coin, when there are cases that being file against the existence of this coin the developing team needs to counter and try to resolve as quick as possible, if major case that may cause for whole collapse then the chance is possible for tether to break the value and be worthless in the long run.

There are always possibilities as we don't know how this market will turn against any assets, the team behind and the end users who continue supporting the coin both are important to continue surviving.

[bitterguy28]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

stop comedy guys. tether will not break easily, you need tether to make the coin stable and like a dollar. even today tether is nominated as the safest coin to store assets. so it's impossible if the tether is 0

The comedy he makes is not funny even though he made this on purpose, because Tether has been used by many cryptocurrency users since the past until now and there has never been any complaint regarding its use, so how can it be 0, so it's a deliberate comedy it's annoying sometimes too.

from 2017 meaning it has been 4 yeas now yet Tether is still alive and kicking , this is enough answer for this question and no need elaborations .
the value of tether will remain as is , because this is stable coin and if there might be some thread i'm sure this can face and will win against those like USDC and other stable coins.
and also tether had been stablished their support from the crypto community over the years , i even hide  my funds when volatility shows rampantly .

[Abiky]

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

I wouldn't say "it's highly unlikely Tether will crash to zero" since stablecoins are not guaranteed to hold their peg for lifetime. A full government crackdown, a major hack, or the issuer "running away with the money" could make Tether go all the way to $0. The risk is too high for something that's utterly-centralized. People are better off cashing out their crypto into Fiat than a stablecoin. DAI is a much better option than Tether, but it's not a perfect solution. Expect Bitfinex to print new Tether like there's no tomorrow in order to manipulate the market to its own benefit. Once Tether goes down the drain, cryptocurrencies will have a hard time to recover back to their original price. At least, Blockchain tech won't be going anywhere thanks to its decentralized and censorship-resistant nature. And that's what truly matters here. Just my thoughts

[livingfree]

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

I wouldn't say "it's highly unlikely Tether will crash to zero" since stablecoins are not guaranteed to hold their peg for lifetime. A full government crackdown, a major hack, or the issuer "running away with the money" could make Tether go all the way to $0. The risk is too high for something that's utterly-centralized. People are better off cashing out their crypto into Fiat than a stablecoin. DAI is a much better option than Tether, but it's not a perfect solution. Expect Bitfinex to print new Tether like there's no tomorrow in order to manipulate the market to its own benefit. Once Tether goes down the drain, cryptocurrencies will have a hard time to recover back to their original price. At least, Blockchain tech won't be going anywhere thanks to its decentralized and censorship-resistant nature. And that's what truly matters here. Just my thoughts

There's no question cashing out with DAI as it's a decentralized stable coin. I'm open for every possible scenario with stable coins especially with Tether but with its volume that we can see, that's what I'm thinking that unlikely to happen.

If there's a major hack and crackdown from the government, we might see a quick response from USDT itself but I guess it will gradually happen so there's still time for it to recover.

Although everything that you've said about the possibilities, I do agree.

[CaVO32]

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

I wouldn't say "it's highly unlikely Tether will crash to zero" since stablecoins are not guaranteed to hold their peg for lifetime. A full government crackdown, a major hack, or the issuer "running away with the money" could make Tether go all the way to $0. The risk is too high for something that's utterly-centralized. People are better off cashing out their crypto into Fiat than a stablecoin. DAI is a much better option than Tether, but it's not a perfect solution. Expect Bitfinex to print new Tether like there's no tomorrow in order to manipulate the market to its own benefit. Once Tether goes down the drain, cryptocurrencies will have a hard time to recover back to their original price. At least, Blockchain tech won't be going anywhere thanks to its decentralized and censorship-resistant nature. And that's what truly matters here. Just my thoughts

There's no question cashing out with DAI as it's a decentralized stable coin. I'm open for every possible scenario with stable coins especially with Tether but with its volume that we can see, that's what I'm thinking that unlikely to happen.

If there's a major hack and crackdown from the government, we might see a quick response from USDT itself but I guess it will gradually happen so there's still time for it to recover.

Although everything that you've said about the possibilities, I do agree.

First and foremost, how sure are we that USDT is now fully-backed with USD assets? Because if in the future, someone will disclose that they really don't have the assets they claimed, they will lost the trust from their investors as well as holders. But right now, it seems they are doing good in handling their assets. Major hack definitely will have great impact on them. So they really need to secure their network at all cost.

[bayudndy]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

That will never happen, the current crypto market is completely different from the previous periods. Acceptance by a number of countries as well as leading corporations are important steps, although there are still many problems to make it more popular in life. After all, leverage, stablecoins, and market confidence are the inevitable conduits of any crypto downturn, big or small. USDT has a lot of fuds, but honestly things can't be perfect the way we want. We are simply aiming for the good things in life, and there is no reason for it to be meaningless when it has been built to this day.

[SquallLeonhart]

I wouldn't say "it's highly unlikely Tether will crash to zero" since stablecoins are not guaranteed to hold their peg for lifetime. A full government crackdown, a major hack, or the issuer "running away with the money" could make Tether go all the way to $0. The risk is too high for something that's utterly-centralized. People are better off cashing out their crypto into Fiat than a stablecoin. DAI is a much better option than Tether, but it's not a perfect solution. Expect Bitfinex to print new Tether like there's no tomorrow in order to manipulate the market to its own benefit. Once Tether goes down the drain, cryptocurrencies will have a hard time to recover back to their original price. At least, Blockchain tech won't be going anywhere thanks to its decentralized and censorship-resistant nature. And that's what truly matters here. Just my thoughts

I agree that it is obvious for stablecoins to crash one day, I do not know when that will happen but I am 100% sure that it will definitely happen one day. All of those things that you listed looking like they are possible things and that is why I believe that any of them could happen at any time and could result with tether crashing big time. Just to think that tether getting one big hack could result with all of this being zero very quickly.

Or even a government crackdown like you said could be horrible, they have wealth all over the world and some of them getting confiscated means that they are no longer backing tether up 1 to 1 ratio and people realizing that will result with them selling all they have and a sudden devaluation of USDT to under 95 cents will make people go into panic mode and the price crashing could get faster and faster.

[livingfree]

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

I wouldn't say "it's highly unlikely Tether will crash to zero" since stablecoins are not guaranteed to hold their peg for lifetime. A full government crackdown, a major hack, or the issuer "running away with the money" could make Tether go all the way to $0. The risk is too high for something that's utterly-centralized. People are better off cashing out their crypto into Fiat than a stablecoin. DAI is a much better option than Tether, but it's not a perfect solution. Expect Bitfinex to print new Tether like there's no tomorrow in order to manipulate the market to its own benefit. Once Tether goes down the drain, cryptocurrencies will have a hard time to recover back to their original price. At least, Blockchain tech won't be going anywhere thanks to its decentralized and censorship-resistant nature. And that's what truly matters here. Just my thoughts

There's no question cashing out with DAI as it's a decentralized stable coin. I'm open for every possible scenario with stable coins especially with Tether but with its volume that we can see, that's what I'm thinking that unlikely to happen.

If there's a major hack and crackdown from the government, we might see a quick response from USDT itself but I guess it will gradually happen so there's still time for it to recover.

Although everything that you've said about the possibilities, I do agree.

First and foremost, how sure are we that USDT is now fully-backed with USD assets? Because if in the future, someone will disclose that they really don't have the assets they claimed, they will lost the trust from their investors as well as holders. But right now, it seems they are doing good in handling their assets. Major hack definitely will have great impact on them. So they really need to secure their network at all cost.

A lot have already lost their trust with USDT but it's still standing there and if they've not proven that they're not fully backed by USD it's been so long that they've fallen already.

About the centralization, it is what mostly are worried about but as long as everyone can see huge volume on it, people will get save their assets through it.

[South Park]

Tether will never reach $0, because if the price of Tether reaches $0, then it's means Tether is not safe anymore (scam), because Tether is a stable coin and is in the top 5 on coinmarketcap, so the price of Tether will always be stable and will not crash to $0, because Tether has a lot of support (high volume and market cap).

Tether will never fall like other altcoins and not fluctuate with the price on the market, tether will remain $1 and will never fall even though there have been panics before because traders did not validate the fake news issue so it fell below $1 but only temporarily, hopefully traders are wiser and do not repeat the same incident in the future.

I know that people are still thinking that a centralized coin can have huge success but believe me this is not the case, exchanges are being pressured by governments all over the place and they are experimenting the pressure we knew it was coming once bitcoin became more popular, the only thing that is needed for those coins to go to zero is for governments to ban them and suddenly those coins will hold no value anymore as governments can easily confiscate them, which is the main reason why bitcoin is decentralized.

[TheGreatPython]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Honestly Tether company never felt too secure for me, I always felt that they were a bit of a shady company and that is why I never really liked them all that much, personally they are definitely not a great company and all they are doing right now is getting money from people and using that money to earn more money, what else are they providing?

They literally make profit from our money and in return they gave everyone something that in reality doesn't worth anything at all and we all agreed that it does worth 1$ each, it is us that decided that because if we decide to sell it all today then they wouldn't be able to cover it all, not all of their money is in liquid which means they wouldn't be able to pay everyone and price would crash. So, that means they literally convinced us that worthless thing worths $1 and took advantage of all those billions of dollars.

[Veter2000]

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

I wouldn't say "it's highly unlikely Tether will crash to zero" since stablecoins are not guaranteed to hold their peg for lifetime. A full government crackdown, a major hack, or the issuer "running away with the money" could make Tether go all the way to $0. The risk is too high for something that's utterly-centralized. People are better off cashing out their crypto into Fiat than a stablecoin. DAI is a much better option than Tether, but it's not a perfect solution. Expect Bitfinex to print new Tether like there's no tomorrow in order to manipulate the market to its own benefit. Once Tether goes down the drain, cryptocurrencies will have a hard time to recover back to their original price. At least, Blockchain tech won't be going anywhere thanks to its decentralized and censorship-resistant nature. And that's what truly matters here. Just my thoughts

  In many ways, you are right about USDT, the main problem is that if problems arise with the provision of Tether, then the entire crypto market will collapse. Since it is in pairs to USDT that bitcoin and ETH and other alts are mainly traded. Even other stablecoins will suffer due to the trust issue.

[Erdogan]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Tether will never reach $0, because if Tether reaches $0, then I believe at that time Tether is a scam coin, because Tether is a stable coin, so the price will never drop very far from $1, therefore if the price of Tether drops very much below $1, then you should be wary and sell your Tether or you will lose your money, although I'm sure until whenever Tether will remain safe and will never reach $0.

I think OP realizes that the Tether price cannot be different from the dollar price.
I think this is about the suspicion that Tether has no real dollar backing and is being created out of control. This could lead to a situation where, for example, only 10% of all Tethers are covered by USD, so Tether in this situation is worth only $0.10.
Several audits have shown that everything is fine, so the risk of drop in Tether price is very small.

[Abiky]

I know that people are still thinking that a centralized coin can have huge success but believe me this is not the case, exchanges are being pressured by governments all over the place and they are experimenting the pressure we knew it was coming once bitcoin became more popular, the only thing that is needed for those coins to go to zero is for governments to ban them and suddenly those coins will hold no value anymore as governments can easily confiscate them, which is the main reason why bitcoin is decentralized.

Centralized "cryptocurrencies" are doomed to failure. They go against what Blockchain was created for in the first place. Stablecoins are nothing more than Fiat but digitized for banks' own benefit. We could say they're a precursor for what's coming next (which are CBDCs). I believe Tether will reach $0 after a full government crack down. The centralized model of Tether will allow governments to easily do what they want with it. The same cannot be said about truly-decentralized cryptocurrencies like Bitcoin and Ethereum.

How long will Tether last will greatly depend on governments' stance towards it. If Tether keeps up with government regulations, then it might never go down to zero. I've learned that in crypto land, anything's possible. So we should be prepared for the worse in case the market experiences a downfall after Tether's demise. With or without the stablecoin, crypto/Blockchain will be here to stay thanks to its decentralized and censorship-resistant design. Just my thoughts

[South Park]

Tether esta muy lejos de valer 0 para es el numero uno en las moneda estables casi todo lo tienen Binance utiliza Tether ya que el tiene su propia moneda estable pero la mayoria usan Tether por mas problema que tengo Tether,  de regularización siempre hace prestamos a empresas que qquieren moberse de un pais a otro sin pagar comisión. Parami Tether esta en todo lados.

Tether will never be 0 unless the dollar is in trouble with every world regulation, but that is more than likely because the value of Tether is always based on the world dollar value, so it will never be 0, and by the way you shouldn't write with your local language here, because here is an international sub forum that must use English in general

This is a mistake, you are thinking of the US dollar and USDT as one and the same and this is not true, now if we were talking about a digital dollar created by the US government you will have a point, but we are talking about a private company that supposedly backs each one of their tokens with one dollar, something that has been put into doubt many times in the past and if at some point the government decides to move against USDT then it will crash immediately.

[Benefactor]

A chance is suspension of tie because of their case anyway they as of now win the case by paying some cash. Tie at any point smashed so hard before. that has been giving an illustration if tie could kick the bucket whenever yet individuals are as yet feeling certainty with it as they are as yet utilizing tie as the token to keep their worth to be steady or stay away from the unpredictability from the market. I'm holding some tie now.

[Abiky]

This is a mistake, you are thinking of the US dollar and USDT as one and the same and this is not true, now if we were talking about a digital dollar created by the US government you will have a point, but we are talking about a private company that supposedly backs each one of their tokens with one dollar, something that has been put into doubt many times in the past and if at some point the government decides to move against USDT then it will crash immediately.

Tether is not endorsed by the US government in any way. It's only "backed" by real dollars stored on the issuer's bank account. With no federal insurance (like the FDIC), you can risk getting your funds lost in the long term. Anything can make Tether's price go all the way down to zero. Either the issuer runs away with the money, or the government shuts it down altogether. It's best to cash out your crypto into Fiat than converting it into a centralized stablecoin like Tether.

For what I know, nothing is guaranteed in the unpredictable world of crypto. You can either become rich or poor in an instant. It's always important to reap out the rewards and get out as soon as possible in order to avoid major losses in the long run. With or without Tether, crypto/Blockchain tech will survive because of its decentralized and censorship-resistant design. If Tether goes to zero, another stablecoin will replace it. Just my opinion

[irsykes]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I think they create stablecoin not without a reason, that is why possibility for it to crashed is really small. Until now, i use Tether (USDT) to hold my coins or maybe send my assets to other exchanges because with TRC20/BEP20 it only cost small fee to send my coins. But for holding funds, since i aim for profit too i only hold big coinmarketcap coins and use it as my investment.

[gaston castano]

seems like all coins can be at risk of scam, but for the largest volume coin I think it's impossible and also tether is backed up by 1:1 dollar and has been around for a long time compared to other stable coins.

[john_nautica]

You can visit their website https://tether.to/ and you can see that each USDT is backed up with real $1 so it's impossible for the Tether to reach $0 it's possible only if the $ has no value at all you can see that sometimes the price of $1 is not exactly as $1 sometimes it's lower than that or higher. USDT is one of the known stable coins in the market and this helps traders and investors to turn their cryptocurrency to fiat like coin or to avoid crashes I personally consider it as a real $ in form of a coin.

[mindrust]

You can visit their website https://tether.to/ and you can see that each USDT is backed up with real $1 so it's impossible for the Tether to reach $0 it's possible only if the $ has no value at all you can see that sometimes the price of $1 is not exactly as $1 sometimes it's lower than that or higher. USDT is one of the known stable coins in the market and this helps traders and investors to turn their cryptocurrency to fiat like coin or to avoid crashes I personally consider it as a real $ in form of a coin.

Exactly.

Tether says 1USDT is backed by $1 and since the US authorities still let them do business, it must be right. If they were scamming people, the SEC wouldn't let them continue doing business.

The fluctuations on the USDT you see is happening because USDT is being traded on various exchanges. Some people are willing to dump their tethers instantly and sometimes there isn't enough liquidity on the exchange so it either goes lower against the USD or sometimes it goes higher.

Tether is the backbone of the crypto world now. It is not going anywhere.

[conected]

seems like all coins can be at risk of scam, but for the largest volume coin I think it's impossible and also tether is backed up by 1:1 dollar and has been around for a long time compared to other stable coins.

- The purpose of Tether and its founding company is to optimally support crypto users, more precisely, they know bitcoin and altcoins will always go together and sometimes the price drops very badly, to improve and not lose in such times, Tether is an initiative to offset and increase trust in crypto. The user's benefit will be sheltered, the benefit of Tether is the cost, just calculate the volume of circulation, Tether's market is really stable, the exchange rate will be very difficult to get wrong due to very strict demand and management.

[19Nov16]

Tether is a token that is made with a stable concept, so it is not affected by market conditions, Tether is certainly the best solution for those who are hesitant to enter the market so it is natural that currently Tether's transaction volume is the largest beating bitcoin. Of course, Tether will never drop or go up from the $1 price range.

[criket]

Tether is a token that is made with a stable concept, so it is not affected by market conditions, Tether is certainly the best solution for those who are hesitant to enter the market so it is natural that currently Tether's transaction volume is the largest beating bitcoin. Of course, Tether will never drop or go up from the $1 price range.

it will never happen. because USDT is also as stable an asset as BUSD and others. they have a fairly fixed value with very little movement. its value may change when the market is in a fairly rapid trend change. like when pump and dump. we can see its value with other asset pairs has changed slightly.

[electronicash]

it is pegged to USD so it must be $1 all the time. although sometimes i see stablecoin price goes $1.01 on exchanges.

what you would need to worry about is the purchasing power of the dollar because if you keep your investment in USDT or USD while its purchasing power slowly slides, it's just going to be what Micheal Saylor is saying. you are sitting on a melting block of ice. you better just put your money where it's going to grow.

[Rana590]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I don't think Tether USDT will go back to $0 in future. It is one of the best stable coin and people have strong believe in it. It is really trustworthy stable coin where we can keep our trust.

[seramania]

hard for USDT to fall to $0. because right now USDT is still one of the most stable tokens, and if it falls to $0 it might cause the crypto market to experience temporary disruptions, as many exchanges compare to USDT.

[kotajikikox]

Since 2017 there was this issue but what happened didn't USDT stays valuable and now continuously becoming the most used stable coin in crypto market?
i don't think that there is any chance this going down to 0 at least not in the near future. this will stay for another years as top stable coin.

[South Park]

hard for USDT to fall to $0. because right now USDT is still one of the most stable tokens, and if it falls to $0 it might cause the crypto market to experience temporary disruptions, as many exchanges compare to USDT.

Logically it will not happen without serious problems, because until now USDT is still the mainstay of everyone because many are listed on exchanges and have many pairs with other coins as well in all exchanges.

This is circular logic, just because something has not collapsed it does not mean it has no chances of collapsing, make no mistake stable currencies have a place in this market and they give liquidity to it but at the end of the day it is nothing more but a centralized coin which is no different than fiat currencies that are also centralized, but with the added risk that it is not a country that is issuing this stable currency but a business and so the chances of failure are higher.

[usaha jaya]

very, very unlikely because Tether is backed by $1 and will only reach 0 if the dollar value becomes 0 too which is impossible. The destruction of the coins will not reach $ 0.

[ene1980]

~
 but we are talking about a private company that supposedly backs each one of their tokens with one dollar, something that has been put into doubt many times in the past and if at some point the government decides to move against USDT then it will crash immediately.

There will be government looking closely about what they are really doing and whether they are really backing up anything substantial amount to the most important word here, supposedly backing up every USDT with a dollar which is not and there are documents that came out already that they do not even hold 20% of the funds in USD. The next 5 years is interesting as many countries are coming up with regulations and we will see what the fate of USDT will be.

[savetheFORUM]

A lot have already lost their trust with USDT but it's still standing there and if they've not proven that they're not fully backed by USD it's been so long that they've fallen already.

About the centralization, it is what mostly are worried about but as long as everyone can see huge volume on it, people will get save their assets through it.

This is very interesting topic because here crypto community is divided as few feeling it's not possible and mostly feeling this can happen it's excellent that now we have very good discussions about us for tether and other stable coins because community need to have more understanding and information about this all.

For me, it's not possible that tether is crashing to 0 because its also have some good community but still exactly team is know what to do and how to bring better things for users and investors better is not hold for very long time and have keep eye on market about all updates.

[South Park]

~
 but we are talking about a private company that supposedly backs each one of their tokens with one dollar, something that has been put into doubt many times in the past and if at some point the government decides to move against USDT then it will crash immediately.

There will be government looking closely about what they are really doing and whether they are really backing up anything substantial amount to the most important word here, supposedly backing up every USDT with a dollar which is not and there are documents that came out already that they do not even hold 20% of the funds in USD. The next 5 years is interesting as many countries are coming up with regulations and we will see what the fate of USDT will be.

Sometimes it is difficult for me to understand why people have so much trust on tether, especially when we take into account that we are in a market that prides itself on being decentralized and yet stable coins are the complete opposite of that idea, there is a lot of evidence that shows that the one to one ratio that people were promised is simply an illusion and at some point there is going to be government intervention and people are going to realize they had been lied to all of those years and the coin is going to crash.

[GreenStox]

I don't think Tether will ever reach $0, it will never fall too deep and it will never rise too high. That's why Tether is called a stablecoin. maybe some things that might happen in the future will happen like a war or something and it will definitely have an effect because when that happens, the world is not fine.

[Abiky]

Sometimes it is difficult for me to understand why people have so much trust on tether, especially when we take into account that we are in a market that prides itself on being decentralized and yet stable coins are the complete opposite of that idea, there is a lot of evidence that shows that the one to one ratio that people were promised is simply an illusion and at some point there is going to be government intervention and people are going to realize they had been lied to all of those years and the coin is going to crash.

People trust Tether because they think it's insured or backed by the government. But we all know that's not the case. Trusting Tether is no different than trusting banks with your hard-earned money. Everything will eventually go down the drain, as Tether is extremely centralized. What makes you think governments won't crack down on Tether anytime soon? Even if this doesn't happen, there's always the possibility of the issuer running away with the money in the future. The risks will always be there, but it's up to you to decide what to do with your investment in the long run.

I wouldn't trust Tether with my money even if it offers attractive interest rates. As it's said in the real world, it's "better to be safe than sorry". You're better off exchanging your crypto to Fiat than a centralized stablecoin than Tether. Just my thoughts

[goinmerry]

I don't think Tether will ever reach $0, it will never fall too deep and it will never rise too high. That's why Tether is called a stablecoin. maybe some things that might happen in the future will happen like a war or something and it will definitely have an effect because when that happens, the world is not fine.

Even a war won't decrease the value of Tether to something zero. It might even use more.

Hard regulations might come and it might affect Tether's price but Tether is currently the most used stable coin. From a trader's perspective, it's good to have a stable coin for any crypto trading pair to minimize their losses or secure profits without worrying much about price volatility.

I wouldn't trust Tether with my money even if it offers attractive interest rates. As it's said in the real world, it's "better to be safe than sorry". You're better off exchanging your crypto to Fiat than a centralized stablecoin than Tether. Just my thoughts

In the first place, why consider Tether as an investment? Just use the advantage of it. It's not that you will put the majority of your baskets on Tether.

[sikke]

The answer is yes, inevitably.

It doesn't even hold cash as its reserves anymore.

Just take a look at their reserve breakdowns for this financial year, if I remember correctly only around 3-4% of it is actually in cash whilst the rest are in debt/equities/other investments. Fractional reserve systems never last too long.

[kevindjunaidi]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I believe Tether will never touch $0, because if Tether has touched $0, then of course it is not safe to invest in Tether anymore, because Tether is a stable coin, so if the price of Tether reaches $0, then that means people don't trust to use Tether anymore as a stable coin and that will make Tether no longer safe to use, therefore as long as the price of Tether has not fallen below $0.8, then of course Tether is still very safe to use as a stable coin.

[nur rochid]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I believe Tether will never touch $0, because if Tether has touched $0, then of course it is not safe to invest in Tether anymore, because Tether is a stable coin, so if the price of Tether reaches $0, then that means people don't trust to use Tether anymore as a stable coin and that will make Tether no longer safe to use, therefore as long as the price of Tether has not fallen below $0.8, then of course Tether is still very safe to use as a stable coin.

I think before stepping closer to $0, maybe a lot of people have left it, so it will be an ash coin, but what I have seen so far tether is not like that. Of course, there are still many people who believe in using tether, and the price is still stable. that's why there are a lot of negative rumors, and we have to deal with them wisely

[ChaoChibai]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I believe Tether will never touch $0, because if Tether has touched $0, then of course it is not safe to invest in Tether anymore, because Tether is a stable coin, so if the price of Tether reaches $0, then that means people don't trust to use Tether anymore as a stable coin and that will make Tether no longer safe to use, therefore as long as the price of Tether has not fallen below $0.8, then of course Tether is still very safe to use as a stable coin.

Well that is so true, I also think the same way. I think Tether will not touch $0 because I see Tether still has so many people who wants to invest in it and if we look the price in past few months, I think the price is quite safe and stable. So, I still want to recommend to invest in it.

[rodskee]

Well that is so true, I also think the same way. I think Tether will not touch $0 because I see Tether still has so many people who wants to invest in it and if we look the price in past few months, I think the price is quite safe and stable. So, I still want to recommend to invest in it.

Yes it is definitely stable and safe because Tether is a stablecoin that is very much preferred by everyone in the crypto space in terms of storing their assets before making any trades, because in general Tether is not very suitable to be chosen as an investment in the long term.

Lets look at the brighter side , though of course nothing is permanent as Stable coin also needs support so one day if the support from the users gone? then probability to become zero value is there but of course this will depend on the reactions .
I am a USDT holder as this is what i use to hide my currency and prevent from experiencing too much volatility .

The answer is yes, inevitably.

It doesn't even hold cash as its reserves anymore.

Just take a look at their reserve breakdowns for this financial year, if I remember correctly only around 3-4% of it is actually in cash whilst the rest are in debt/equities/other investments. Fractional reserve systems never last too long.

you made me alarmed from this post , i never took a look on this part but indeed , you are perfectly correct on that and this is what i am now afraid of .

[mindrust]

Well that is so true, I also think the same way. I think Tether will not touch $0 because I see Tether still has so many people who wants to invest in it and if we look the price in past few months, I think the price is quite safe and stable. So, I still want to recommend to invest in it.

Yes it is definitely stable and safe because Tether is a stablecoin that is very much preferred by everyone in the crypto space in terms of storing their assets before making any trades, because in general Tether is not very suitable to be chosen as an investment in the long term.

Lets look at the brighter side , though of course nothing is permanent as Stable coin also needs support so one day if the support from the users gone? then probability to become zero value is there but of course this will depend on the reactions .
I am a USDT holder as this is what i use to hide my currency and prevent from experiencing too much volatility .

The answer is yes, inevitably.

It doesn't even hold cash as its reserves anymore.

Just take a look at their reserve breakdowns for this financial year, if I remember correctly only around 3-4% of it is actually in cash whilst the rest are in debt/equities/other investments. Fractional reserve systems never last too long.

you made me alarmed from this post , i never took a look on this part but indeed , you are perfectly correct on that and this is what i am now afraid of .

FUD.

Bitcoin will go to a million dollars. Tether is fiiine and Bitfinex is a good company. They say tether holds some junk China bonds, so what? China already bailed out half of Evergrande. They haven't rescued the other half yet, but maybe they will later.

Tether also made it clear that they don't hold any Evergrande bonds.

If they get in trouble, they'll just print more tethers and bail the failing part of their problems.

I wouldn't be surprised if tether's marketcap hits above 100 billion next year and drive bitcoin to $100k.

Buckle up.

[bitgov]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Do you mean Tether crashes to 0 in 2017? Can you please share link where its mentioned.

Its at no 4 at CMC and one of the top choice for traders to keep there cash readily available for investing in btc and altcoins.

It has market cap of 68 billion usd right now. I dont know whether company has same no of usd in there reserves.

Its already written so many times that why it cant go to zero, so i wont discuss that.

[firesurfer]

Everything is going well with Tether, I think the company has a way to keep its operations without risking its reserves. They printed a lot of USDT, the USDT was pumped to the market and it would have to flow into altcoins or Bitcoin. So when their money in the bank is spread out, they will dump the crypto they hold to make up for the money they lack.
Above are my thoughts, it describes how Tether works. This view is subjective, it may not be true.

[sarmrakib]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I believe Tether will never touch $0, because if Tether has touched $0, then of course it is not safe to invest in Tether anymore, because Tether is a stable coin, so if the price of Tether reaches $0, then that means people don't trust to use Tether anymore as a stable coin and that will make Tether no longer safe to use, therefore as long as the price of Tether has not fallen below $0.8, then of course Tether is still very safe to use as a stable coin.

I think before stepping closer to $0, maybe a lot of people have left it, so it will be an ash coin, but what I have seen so far tether is not like that. Of course, there are still many people who believe in using tether, and the price is still stable. that's why there are a lot of negative rumors, and we have to deal with them wisely

Why guys you are not finding the reason behind it could be crashed ??I am sure you will not find any reason .USDT is a stable coin as it is using on every platform of crypto and it has proved that it is secured and a good stable coin of the market .I didn't fin any reason to become it is 0 .It is true that if something happen like that there is no one will believe any stable coin .I think reason of the question is that there are many data and information is unknown but its not prove that it will be crashed .

[Abiky]

FUD.

Bitcoin will go to a million dollars. Tether is fiiine and Bitfinex is a good company. They say tether holds some junk China bonds, so what? China already bailed out half of Evergrande. They haven't rescued the other half yet, but maybe they will later.

Tether also made it clear that they don't hold any Evergrande bonds.

If they get in trouble, they'll just print more tethers and bail the failing part of their problems.

I wouldn't be surprised if tether's marketcap hits above 100 billion next year and drive bitcoin to $100k.

Buckle up.

Well, I think it's a little odd Bittrex is printing new USDT like there's no tomorrow. It could be nothing more than a move to manipulate the market to its own benefit. Unless Tether is really backed by USD reserves, I would take it with a grain of salt. You can never trust a centralized stablecoin subject to fraud, manipulation, and corruption. Trusting Tether is no different than trusting banks. I've seen cases where USDT funds where frozen (blacklisted) on the ETH blockchain. This greatly goes against what crypto was established in the first place. If this keeps up, Tether could go all the way to zero soon. I don't want to be pessimistic, but the facts speak for themselves. How long will Tether last is a mystery. I won't be surprised if the crypto market goes all the way down the drain after Tether's demise. Just my thoughts

[macson]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Do you mean Tether crashes to 0 in 2017? Can you please share link where its mentioned.

I'm sure he won't find a link about it now because as long as I've known cryptocurrencies, I've never seen $0 Tether and also never thought that Tether would be $0 in any term because Tether has been used a lot.

tether is a stablecoin, so it can't be going to zero....as long as there are no rules/regulations from the government that interfere with tether then tether price will certainly remain stable following the dollar.

[mexite]

There is a possibility of this happening, especially if it's later found out that USDT isn't backed by any fiat as claimed. For instance, we have witnessed some point in time, price movement on USDT. And if there's a regulatory issue targeting usdt, then users may succumb to FUD.

[cafucafucafu]

No, it never was safe and never will be safe.

The recent dissection of their reserves has confirmed the community's worst fears - they are definitely moving towards a more fractional reserve model.

I'm not sure why people still trust it so much. There are better alternatives for even just Stablecoins. It seems like people really don't learn.

[superman184]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I think tether is still safe. That's not all tether tokens issued by the company backed by 1 tether 1 dollar. Any cryptocurrency can collapse even bitcoin when there is no demand, but tether has grown to a large enterprise and it is very unlikely for it to go down or crash. Tether had fallen so hard in the past. which has taught a lesson that tether can die at any time but people still feel confident about it because they still use tether as a token to keep its value stable or avoid volatility from the market. I remember a few years ago when FUD news about USDT was chained to an email and the USDT price had fallen below $1 due to panic from traders but prices recovered quickly, there was no reason that USDT would fall to $0.

[mindrust]

Well, I think it's a little odd Bittrex is printing new USDT like there's no tomorrow. It could be nothing more than a move to manipulate the market to its own benefit. Unless Tether is really backed by USD reserves, I would take it with a grain of salt. You can never trust a centralized stablecoin subject to fraud, manipulation, and corruption. Trusting Tether is no different than trusting banks. I've seen cases where USDT funds where frozen (blacklisted) on the ETH blockchain. This greatly goes against what crypto was established in the first place. If this keeps up, Tether could go all the way to zero soon. I don't want to be pessimistic, but the facts speak for themselves. How long will Tether last is a mystery. I won't be surprised if the crypto market goes all the way down the drain after Tether's demise. Just my thoughts

I did the mistake by not trusting bitfinex&tether before and it costed me dearly. I am not buying that bullshit anymore. Tether and Bitfinex are rock solid and Bitfinex can create as many tethers as they want.

Please don't be a FUD super spreader. Crypto is not for the weak hands.

Tether won't go to zero. It will go to a trillion.

[smartaction]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

It is not possible to crashing Tether to $0 from $1. Tether is a stable coin like American USD. and USDT is much better then others Stable coin like USDC, DAI, USDN. tether is still safe.  So it will never happen any days

[budi12]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Stable coins will follow dollar values, so I think it's safe to hold Tether when you feel the market isn't good enough to enter a trade. People invented tether to replace FIAT because every exchange has a different FIAT system, Tether was founded to make it universal, so people can send FIAT (USDT) between exchanges now.

[Abiky]

No, it never was safe and never will be safe.

The recent dissection of their reserves has confirmed the community's worst fears - they are definitely moving towards a more fractional reserve model.

I'm not sure why people still trust it so much. There are better alternatives for even just Stablecoins. It seems like people really don't learn.

People can think what they like about Tether, but the facts are all that matters. I'd never trust a stablecoin that's centralized. The risks are simply to high. Either Tether goes to zero, or keeps itself afloat for generations. What's important is that you minimize risks as much as possible by diversifying your investment into other crypto assets. Tether is no different than Fiat (USD) as it's backed by a single entity. It's mainly a "tool" to reduce costs and wait times for traders. Cashing out to real USD is your safest bet to obtain stability without losing everything in an instant. There are many other stablecoins on the market, so Tether's loss will be other competitors' gain. Just my thoughts

[popovicbit]

I can't believe the cognitive dissonance going on around here. Bitcoin/cryto used to be about not trusting 3rd parties by cutting out the middle man.

"don't trust, verify" turned into "haven't verified, but I trust them" LOLOLOLOL!

Ask yourself why you trust Tether so much? I think the simple answer is greed, people "in the know" realize there is something shady going on, but everyone wants to get rich. The party is not going to end well...this will make mt. gox seem like child's play because back then your average joe wasn't invested in crypto.

Remember the part in the move "The Big Short" when the stripper says she has 4 or 5 condos? Well that's the crypto community at the moment...having too much fun chasing dollars and not stopping to ask if this is sustainable or healthy.

BTW, the lights will turn off all at once, so don't think you will have time to get out.

[Kyraishi]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

No, Tether is a giant pile of fractional reserve backed fiat.

Can you use it for short term speculative purposes? Absolutely. You might want to dump some cryptos in the short term for liquidity to hedge against your existing exposure and stablecoins are pretty good at that in general.

But can you actually use it as a store of value long term? NO. a) the value of fiat that is backing it will crumble to zero and b) it is likely that the fractional reserve that is propping up Tether will implode sooner or later.

[mindrust]

I can't believe the cognitive dissonance going on around here. Bitcoin/cryto used to be about not trusting 3rd parties by cutting out the middle man.

"don't trust, verify" turned into "haven't verified, but I trust them" LOLOLOLOL!

Tether proven itself to be trusted over the years. Their balance sheet is nearly  $70b and that's bigger than the most US banks. If there was anything shady, the US would shut them down.

Ask yourself why you trust Tether so much? I think the simple answer is greed, people "in the know" realize there is something shady going on, but everyone wants to get rich. The party is not going to end well...this will make mt. gox seem like child's play because back then your average joe wasn't invested in crypto.

Tether is too big to fail now. If there are any misdoings, the central bank of Bitfinex will fix the situation by printing more tethers. It is that easy.

Remember the part in the move "The Big Short" when the stripper says she has 4 or 5 condos? Well that's the crypto community at the moment...having too much fun chasing dollars and not stopping to ask if this is sustainable or healthy.
BTW, the lights will turn off all at once, so don't think you will have time to get out.

That's all hater/bear talk. Enjoy staying poor.

[xmonkeyx]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

very safe, I think there is no way Tether will become worthless, currently Tether is the most stable coin and also very widely used. for what will happen in the future no one knows for sure but speculation about the worthlessness of Tether coins will be beyond guess.

[domoy77]

very safe, I think there is no way Tether will become worthless, currently Tether is the most stable coin and also very widely used. for what will happen in the future no one knows for sure but speculation about the worthlessness of Tether coins will be beyond guess.

I don't think it's necessary to think about it because from past evidence that Tether is really valuable and has always been a stable coin, so the first stable coin category in cryptocurrency is Tether, not the other even though there are many stable coins at this time.

[feelideb]

Tether has always been in the news for as far as I know.  Cryptocurrency market is blossoming as a result of stable coin  that help traders to go in and out of position and tether is the big stable that make it possible.  Tether will not go to zero but there are bumping ride for tether with the regulators.  I believe tether will find legitimacy and trust of the market and the  regulators

[BuNga_cute]

very safe, I think there is no way Tether will become worthless, currently Tether is the most stable coin and also very widely used. for what will happen in the future no one knows for sure but speculation about the worthlessness of Tether coins will be beyond guess.

I don't think it's necessary to think about it because from past evidence that Tether is really valuable and has always been a stable coin, so the first stable coin category in cryptocurrency is Tether, not the other even though there are many stable coins at this time.

Tether is the best stable coin compared to other stable coins, it can be seen from its high volume and also always in the top 10 crypto. It's impossible
for Tether to drop to $0, so I never hesitate to use Tether to save money when the market crashes. Maybe the person who thinks that Tether will drop
to $0, that person hasn't studied Tether well. Because Tether is indeed one of the popular coins that many traders use, so Tether is indeed valuable,
so it is impossible for the price to be $0.

[Bonenx14]

Tether has always been in the news for as far as I know.  Cryptocurrency market is blossoming as a result of stable coin  that help traders to go in and out of position and tether is the big stable that make it possible.  Tether will not go to zero but there are bumping ride for tether with the regulators.  I believe tether will find legitimacy and trust of the market and the  regulators

Tether will know very well what to do when they get a bad issue because news about bad things for USDT should also be checked for the continuation because I myself haven't searched about it all this time, because I still really believe in USDT or Tether

[geegaw]

Tether has always been in the news for as far as I know.  Cryptocurrency market is blossoming as a result of stable coin  that help traders to go in and out of position and tether is the big stable that make it possible.  Tether will not go to zero but there are bumping ride for tether with the regulators.  I believe tether will find legitimacy and trust of the market and the  regulators

Tether will know very well what to do when they get a bad issue because news about bad things for USDT should also be checked for the continuation because I myself haven't searched about it all this time, because I still really believe in USDT or Tether

Although also a strong believer in Tether but inner turmoil is something inevitable because today there has been a lot of bad talk about Tether when a lot of tabloid information has been rumored that the founders of Tether are scams and are being investigated by several government organizations, Tether CEO's twitter also disappeared as a sign of bad luck. So many doubts and most of us are Tether holders, if they don't voice their voices soon on the explanation, people will be in a bad mood and may move to another stablecoin

[gamer4156]

A chance is suspension of tie because of their case anyway they as of now win the case by paying some cash. Tie at any point slammed so hard before. that has been giving an illustration if tie could kick the bucket whenever yet individuals are as yet feeling certainty with it as they are as yet utilizing tie as the token to keep their worth to be steady or keep away from the unpredictability from the market.

[velosepur]

I dont thins so, but there is nothing 100%. Tether (USDT) is the third biggest cryptocurrency by market capitalization. It's also the biggest stablecoin on the market. But its popularity doesn't necessarily make it a safe investment.

[popovicbit]

I can't believe the cognitive dissonance going on around here. Bitcoin/cryto used to be about not trusting 3rd parties by cutting out the middle man.

"don't trust, verify" turned into "haven't verified, but I trust them" LOLOLOLOL!

Tether proven itself to be trusted over the years. Their balance sheet is nearly  $70b and that's bigger than the most US banks. If there was anything shady, the US would shut them down.

Ask yourself why you trust Tether so much? I think the simple answer is greed, people "in the know" realize there is something shady going on, but everyone wants to get rich. The party is not going to end well...this will make mt. gox seem like child's play because back then your average joe wasn't invested in crypto.

Tether is too big to fail now. If there are any misdoings, the central bank of Bitfinex will fix the situation by printing more tethers. It is that easy.

Remember the part in the move "The Big Short" when the stripper says she has 4 or 5 condos? Well that's the crypto community at the moment...having too much fun chasing dollars and not stopping to ask if this is sustainable or healthy.
BTW, the lights will turn off all at once, so don't think you will have time to get out.

That's all hater/bear talk. Enjoy staying poor.

1. Idk if you are following the news lately, but the US government is coming after Tether.  The head of the SEC has been on a public road show for the past couple of months saying "WE ARE COMING". That's why Binance and other exhcanges are trying their hardest to clean up their act by taking away leverage and cutting off lots of countries. The music is slowing down and people on the inside know it. The Coinbase CEO is basically crying on Twitter every week now bc he knows what's coming. The US government works very, very slow..tons of bureaucracy.  Once they get you in their cross hairs, then you are in for a world of pain.

2. One of the main reasons the US government is coming now is precisely because their balance sheet is $70 billion. Tether failing now might spill over into other financial markets, so they want to stop this before the bubble gets even bigger.

3. Bitfinix can do nothing once Tether goes down because people will lose confidence in Tether. Once confidence is gone then you can print all you want, it won't matter if nobody will touch it.

4. I'm actually replying to you because you seem like a real person...most of the other reply's look like "copy/paste" jobs (I wonder by whom?). I'm a believer in crypto long term, but the sooner this gets cleaned up the better. The technology is too good to have bozos like Tether and Bitfinix associated with it.

[Wahyuihib]

If I personally still choose Tether as an option to store assets, if you see the price of the coin is unstable. because by making Tether the assets I have still have the same value. but this is what i do. maybe friends on this forum, have a different opinion..

[elisabetheva]

I dont thins so, but there is nothing 100%. Tether (USDT) is the third biggest cryptocurrency by market capitalization. It's also the biggest stablecoin on the market. But its popularity doesn't necessarily make it a safe investment.

popularity will clearly determine people to make USDT still used as one for trading. because as a stable coin that is still very reliable today. like you said USDT market capitalization is also very good is an acknowledgment, because indeed all use USDT for transactions more efficiently so that prices do not change according to their wishes. Therefore, it is not surprising that it is often used as the most secure transaction tool to date.
When it comes to being safe or not, you can be sure that everything in crypto can change at any time, but realistically it's not that easy to disappear right away.

[darmin]

I just found out that Tether was once priced at $0. I think stable coins immediately get the same price as the currency that is being used as the project.
I don't think Tether will go down at $0, because it's a well-integrated usability.

[sovie]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

In fact, the price of any coin can drop to zero. Something would just have to happen that would make society completely lose confidence in it. USDT has never disappointed so far, so I don't expect anything negative to happen in the future. Of course, remember that the risk is always there.

[agustina2]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

In fact, the price of any coin can drop to zero. Something would just have to happen that would make society completely lose confidence in it. USDT has never disappointed so far, so I don't expect anything negative to happen in the future. Of course, remember that the risk is always there.

With the current mass usage of Tether, it's far from being a no-value coin in the future. It was mostly used because of safe haven when the market is on a bear trend. And with high fees that were a headache to others, using stable coins is a good alternative.

Mostly, users are just paying around $1 to cover the transaction fees using stable coins.

[andriarto]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

In fact, the price of any coin can drop to zero. Something would just have to happen that would make society completely lose confidence in it. USDT has never disappointed so far, so I don't expect anything negative to happen in the future. Of course, remember that the risk is always there.

usdt is a coin that has been around for a long time, and until now it is still safe and has a market capitalization at the top, although there is a lot of negative talk about usdt, I don't think it is proven and is still trusted by many people. but indeed all risks can occur, and we certainly have an analysis for that

[mindrust]

1. Idk if you are following the news lately, but the US government is coming after Tether.  The head of the SEC has been on a public road show for the past couple of months saying "WE ARE COMING". That's why Binance and other exhcanges are trying their hardest to clean up their act by taking away leverage and cutting off lots of countries. The music is slowing down and people on the inside know it. The Coinbase CEO is basically crying on Twitter every week now bc he knows what's coming. The US government works very, very slow..tons of bureaucracy.  Once they get you in their cross hairs, then you are in for a world of pain.

2. One of the main reasons the US government is coming now is precisely because their balance sheet is $70 billion. Tether failing now might spill over into other financial markets, so they want to stop this before the bubble gets even bigger.

3. Bitfinix can do nothing once Tether goes down because people will lose confidence in Tether. Once confidence is gone then you can print all you want, it won't matter if nobody will touch it.

If they had any brains, they wouldn't let tether grow in the first place. *This is all organized*. I was nuts last year when tether marketcap hit $9b and now it is nearly x8 of this. They should have stopped it way earlier. It already became too big and if they close tether now, the pain will be huge. People will riot and burn cities. They can't risk this.

If they do it anyway, which means *This is all organized*. They wanted it to happen. They want to do it on purpose. By they, I mean the SEC.

Was tether small when its marketcap was $9b? No. $9b is still huge money but the SEC let it grow to $70b. And I think, they won't do crap till it hits $100b+ or probably never.

4. I'm actually replying to you because you seem like a real person...most of the other reply's look like "copy/paste" jobs (I wonder by whom?). I'm a believer in crypto long term, but the sooner this gets cleaned up the better. The technology is too good to have bozos like Tether and Bitfinix associated with it.

I wish I was AI, life would be way easier.

[distr@yopmail.com]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

In fact, the price of any coin can drop to zero. Something would just have to happen that would make society completely lose confidence in it. USDT has never disappointed so far, so I don't expect anything negative to happen in the future. Of course, remember that the risk is always there.

usdt is a coin that has been around for a long time, and until now it is still safe and has a market capitalization at the top, although there is a lot of negative talk about usdt, I don't think it is proven and is still trusted by many people. but indeed all risks can occur, and we certainly have an analysis for that

we know how USDT used to get bad news. like XRP with its case. but what we see is trust in USDT and XRP is also steadily increasing.
like what happened to XRP, even though it had fallen very drastically, but investor confidence returned to enter XRP.
and for USDT, I think it will be very difficult to break trust until it is worthless. moreover, it is a stable asset.

[rodskee]

If I personally still choose Tether as an option to store assets, if you see the price of the coin is unstable. because by making Tether the assets I have still have the same value. but this is what i do. maybe friends on this forum, have a different opinion..

there are only few that can be trusted as stable coin and one of those are Tether in which the highest in ranking now.

What is the option when the competition is far from others?

meaning expecting tether to become zero value is like looking to all stable coin first to fall.

Nope tether is fairly stable and popular so we cannot think of any coin dropping from this far specially stablished coins like this.

[DonFacundo]

Well somebody says it's not safe to store your funds in Tether because it's centralized they prefer decentralized stablecoin like DAI but I don't think Tether is not safe. Tether is existed in many years and I usually use it, never having a problem so for me Tether is a safe stablecoin.

[Pamadar]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

In fact, the price of any coin can drop to zero. Something would just have to happen that would make society completely lose confidence in it. USDT has never disappointed so far, so I don't expect anything negative to happen in the future. Of course, remember that the risk is always there.

With the current mass usage of Tether, it's far from being a no-value coin in the future. It was mostly used because of safe haven when the market is on a bear trend. And with high fees that were a headache to others, using stable coins is a good alternative.

Mostly, users are just paying around $1 to cover the transaction fees using stable coins.

The best option when bear dominates the market.

Converting your crypto to USDT helps you to avoid more damage from your investment.

So far, seeing it crashing down to zero is still far to happen, even there are already alternatives, but
the superiority of USDT still high.

The only possibilities that it may happen is a self destruction from the developer itself, or pressure
from the government that can damage the actual activities inside this system..

[Abiky]

The best option when bear dominates the market.

Converting your crypto to USDT helps you to avoid more damage from your investment.

So far, seeing it crashing down to zero is still far to happen, even there are already alternatives, but
the superiority of USDT still high.

The only possibilities that it may happen is a self destruction from the developer itself, or pressure
from the government that can damage the actual activities inside this system..

You've said it yourself. Only self-destruction from the developer itself or pressure from the government can put an end to Tether as we know it. Believe me, nothing is guaranteed to last forever. The industry is growing at a fast pace, so it should only be a matter of time before governments regulate it. Either Tether complies with regulators or fades away into oblivion. I'm pretty sure the company (Bitfinex) will comply with regulators in order to keep itself afloat. The stablecoin (Tether) is the biggest one on the market right now, so it's got nothing to lose. No one knows when (if it'll happen anyways) Tether will go to zero, since crypto land behaves in many strange and bizarre ways. As long as you diversify your investment into other stablecoins, you'll have nothing to worry about. Just my opinion

[ymckartal]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I do not think it is correct to comment and guide on this matter. I suggest you to do an accurate and statistical market research on this. If your loss is big, there is nothing to do but wait. Of course, even if there is a risk of sinking completely, it is necessary to act with the logic that it is good to come back from the loss.

[helloinox]

very safe, I think there is no way Tether will become worthless, currently Tether is the most stable coin and also very widely used. for what will happen in the future no one knows for sure but speculation about the worthlessness of Tether coins will be beyond guess.

I don't think it's necessary to think about it because from past evidence that Tether is really valuable and has always been a stable coin, so the first stable coin category in cryptocurrency is Tether, not the other even though there are many stable coins at this time.

Tether is the best stable coin compared to other stable coins, it can be seen from its high volume and also always in the top 10 crypto. It's impossible
for Tether to drop to $0, so I never hesitate to use Tether to save money when the market crashes. Maybe the person who thinks that Tether will drop
to $0, that person hasn't studied Tether well. Because Tether is indeed one of the popular coins that many traders use, so Tether is indeed valuable,
so it is impossible for the price to be $0.

The best stable coin doesn't mean it won't or impossible to crash down to 0$. Remember that USDT works on trust as long as the company behind it assures you that they can credit you $1:1USDT. If one day, people demand that their USDT to be credible and they fail to fulfill the 1:1 exchange rate, it going to crash hard. Same with any other stable coin out there.

[Meta anggraini]

I believe so, since its pegged to real dollar 1:1. If the issue from Tether company comes, probably it would hurt Tether so hard as long they backed up the fund well.

[chaser15]

The reason for Tether to crash to $0 will require big and important big events and issues to happen.

There are lots of issues before regarding Tether but where are those now? It doesn't have much to the Tether as a whole. Maybe don't think about it now. Tether is still safe and valuable. Of course, don't stick with Tether as your stored value when avoiding crypto volatility. Try other stable coins too and see for yourself the experience.

[mindrust]

I am pretty sure not so long ago (like a month or so), there was no minimum withdrawal limit for tethers in binance.

Well, now I see they want you to withdraw at least 50 usdt.

Maybe it is just a binance thing but I feel like something is going down. I don't know if it is Binance, tether or both.

[bitterguy28]

I am pretty sure not so long ago (like a month or so), there was no minimum withdrawal limit for tethers in binance.

Well, now I see they want you to withdraw at least 50 usdt.

Maybe it is just a binance thing but I feel like something is going down. I don't know if it is Binance, tether or both.

This make sense because i did not pay attention to this one but indeed it happens recently i also thought that this is just a normal update(as 50 usdt is formal amount for minimum withdrawal) but yes why making a minimum withdrawal when it is a Fiat base coin.
looks like there is something wrong or maybe there is something to come from either Binance or Tether.

I believe so, since its pegged to real dollar 1:1. If the issue from Tether company comes, probably it would hurt Tether so hard as long they backed up the fund well.

not because it is pegged it will just go back to zero this is not how it is.

[Davian144]

I believe so, since its pegged to real dollar 1:1. If the issue from Tether company comes, probably it would hurt Tether so hard as long they backed up the fund well.

So what has been seen so far in Tether? I personally don't even see it as a problem or anything to do with ugliness, because so far I'm still very comfortable and safe using Tether for everything I need in cryptocurrency.

[2girls]

In this issue i said that its a impossible and not show a possibility of Tether crash to $0 because its a one of the Great Stable coin and this is the one of the best coin and people use Tether on the basis of USDT and so that reason its impossible tether come to zero .

[Abiky]

The reason for Tether to crash to $0 will require big and important big events and issues to happen.

There are lots of issues before regarding Tether but where are those now? It doesn't have much to the Tether as a whole. Maybe don't think about it now. Tether is still safe and valuable. Of course, don't stick with Tether as your stored value when avoiding crypto volatility. Try other stable coins too and see for yourself the experience.

It's better to be safe than sorry. You should rely on more than one stablecoin in order to minimize the risk of loss. There's no way to tell how long Tether (USDT) will last due to the unpredictable nature of the crypto market. Anything from a major hack to a full government crackdown could make it go to zero. Things would've been a lot different if Tether was a decentralized stablecoin. Besides, there's no guarantee Tether will maintain its peg for the foreseeable future. You'd need to choose whenever you'd want to cash out your crypto into Fiat or convert it into a stablecoin like Tether. I wouldn't worry much about Tether as long as the entire crypto/Blockchain space remains decentralized. Just my opinion

[Pamadar]

The best option when bear dominates the market.

Converting your crypto to USDT helps you to avoid more damage from your investment.

So far, seeing it crashing down to zero is still far to happen, even there are already alternatives, but
the superiority of USDT still high.

The only possibilities that it may happen is a self destruction from the developer itself, or pressure
from the government that can damage the actual activities inside this system..

You've said it yourself. Only self-destruction from the developer itself or pressure from the government can put an end to Tether as we know it. Believe me, nothing is guaranteed to last forever. The industry is growing at a fast pace, so it should only be a matter of time before governments regulate it. Either Tether complies with regulators or fades away into oblivion. I'm pretty sure the company (Bitfinex) will comply with regulators in order to keep itself afloat. The stablecoin (Tether) is the biggest one on the market right now, so it's got nothing to lose. No one knows when (if it'll happen anyways) Tether will go to zero, since crypto land behaves in many strange and bizarre ways. As long as you diversify your investment into other stablecoins, you'll have nothing to worry about. Just my opinion

And I completely agree with you, as long as you are not putting everything with Tether and you are wise enough to divert portions of your assets to other stable coins.

or use crypto if you wish to wait for good compensation when the market for the coin start to pump up,
You always have your options. Just make sure to make a good use of it.,

you are always on a good side if you know how to value your investment,

Always look for the best reason. There's always information that you can use as a basis for better decision making.

[superman184]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I don't think this can give you a definitive answer about whether USDT is safe or not. If anyone is so sure of their answer, they are stupid and you shouldn't believe it. USDT or Tether or any stablecoin out there is always a risk. You may not put everything you own in a USDT bag, share it and pass it on to other cryptocurrencies or other stablecoins.

[Dinda mayasi]

So far Tether is providing what benefits it would be an attraction. As long as people are comfortable, the price of Tether will remain stable because there is trust. The community also assesses whether the coin developer provides innovation or not in terms of the sustainability of Tether. If there are good activities related to Tether, you can lift Tether to keep it safe in the crypto market.

[StormHawk]

Come to think of it, before this whole FTX and Binance drama begins people already have it in mind that USDT will go to zero, some are speculating that USDT will bring the next bear market to crypto, instead it started with FTX and now the banks, other stable coins are the ones affected, no single touch on USDT. This is  laughable.

[ichsan ardi]

I don't think it's impossible for USDT to be zero, it's unlikely as long as the Tether company maintains its reserves and continues to fulfill its obligations to users.  However, there are some risks associated with using a stablecoin like USDT, including a potential loss of confidence in the stability of the coin, regulatory oversight, or the possibility that the Tether company may fail to maintain its reserves but remember that Tether usdt is a top 3 coin in market cap and Tether usdt is a stable coin most used in the world.

[blockman]

Come to think of it, before this whole FTX and Binance drama begins people already have it in mind that USDT will go to zero, some are speculating that USDT will bring the next bear market to crypto, instead it started with FTX and now the banks, other stable coins are the ones affected, no single touch on USDT. This is  laughable.

It's a speculation but likely that it can happen if things got crumpled for Tether. With what happened to UST and Luna, the stablecoin that it has got went down to zero until there's a new launching of its new stable coin. While for Tether, it's been the most known crypto in terms of stable coins but anything can happen on it as the US dollars have been more in the circulation and there's still the issue for USDT that it have about printing issue as well.

[disconnectme]

This Tether FUD seems to be a never-ending issue, this seems to pop up every month now. There is no way Tether is going to Zero, Tether is backed by some funds, we are just not sure of the exact amount, but I think it should be backed by at least half of Tehter's market cap. Also, Bitfinex is sitting on a lot of BTC which can be used to back Tether, I just have a feeling the news about Tehter is becoming a non-issue unless some people are just bent on spreading FUD

[Abiky]

This Tether FUD seems to be a never-ending issue, this seems to pop up every month now. There is no way Tether is going to Zero, Tether is backed by some funds, we are just not sure of the exact amount, but I think it should be backed by at least half of Tehter's market cap. Also, Bitfinex is sitting on a lot of BTC which can be used to back Tether, I just have a feeling the news about Tehter is becoming a non-issue unless some people are just bent on spreading FUD

People are worried that Tether might crash after what happened with Terra's UST stablecoin, and now, USD Coin. Being backed by USD reserves is not a guarantee the stablecoin will hold its peg for life, if the bank where the funds are stored collapses in an instant. USDC lost its peg for a short period of time because of the collapse of SVB. Do you really think Tether (USDT) would be immune from such unfortunate series of events? I don't think so. This is a stablecoin with a shady past, so anything can happen in the long run.

With Bitfinex "printing" new units of USDT like there's no tomorrow, I'd take this coin with a "grain of salt". Only regulators will be able to add confidence to the stablecoins market, by enforcing the rule of law. Some companies already expressed their desire to work closely with regulators, so let's hope stablecoins improve for the better in the future. Who knows how long USDT will last? Just my thoughts

[jostorres]

Come to think of it, before this whole FTX and Binance drama begins people already have it in mind that USDT will go to zero, some are speculating that USDT will bring the next bear market to crypto, instead it started with FTX and now the banks, other stable coins are the ones affected, no single touch on USDT. This is  laughable.

This has nothing to do with those companies that you mentioned. When they collapse the stable coins can hardly be affected but even if they don't, the stable coins can still collapse in their own if they experience an issue related to the banks or on how they store their reserves like what happened with USDC last time.

So many people are bitter with Tether and said it will go to zero but Tether just proved them wrong. Other stable coins are already collapsing but Tether remains to be strong and I bet so many people already transferred with it. In case Tether fail, I don't think it will make the whole crypto crash. See what happened to USDC? In fact the market have been pumping that time.

[Abiky]

This has nothing to do with those companies that you mentioned. When they collapse the stable coins can hardly be affected but even if they don't, the stable coins can still collapse in their own if they experience an issue related to the banks or on how they store their reserves like what happened with USDC last time.

So many people are bitter with Tether and said it will go to zero but Tether just proved them wrong. Other stable coins are already collapsing but Tether remains to be strong and I bet so many people already transferred with it. In case Tether fail, I don't think it will make the whole crypto crash. See what happened to USDC? In fact the market have been pumping that time.

Tether hasn't failed yet, because Bitfinex is artificially keeping the $1 peg on the market. It must be doing something shady that will eventually blow off after a deep investigation by the authorities. If USDT goes to $0, the crypto market could either "pump" or "dump" all the way down the drain. I think a huge "dump" would be the most likely scenario, as USDT is the biggest stablecoin on the market. But I cannot say this with certainty, due to the unpredictable nature of the crypto market.

People are better off converting their crypto to USD, instead of a stablecoin. It'd be advised to proceed with caution, especially after the collapse of 3 major banks in the US. No one knows what the future holds, so we can only hope for the best. Just my thoughts

[bitkanu]

This Tether FUD seems to be a never-ending issue, this seems to pop up every month now. There is no way Tether is going to Zero, Tether is backed by some funds, we are just not sure of the exact amount, but I think it should be backed by at least half of Tehter's market cap. Also, Bitfinex is sitting on a lot of BTC which can be used to back Tether, I just have a feeling the news about Tehter is becoming a non-issue unless some people are just bent on spreading FUD

I'm thinking the same but then again there's always possibilities it's just that with something at the scale of tether, i'd really doubtful they gonna ever collapse that easily, ust crashing was mainly caused by their defective system, even recent USDC crash was easily anticipated, it just got worse because constant fudding, i think stablecoin in general are safe.

[errorcode99]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

The Cryptocurrency market is thriving as a result of stable coins helping traders in and out of positions and tethering is a huge stable that makes it possible. The tether won't go to zero but there is a clash to tether with the regulator. I believe the moorings will find legitimacy and trust in the market and regulators.

[raidarksword]

It could de-pegged just what happened last year on TUSD which is the stable of LUNA that completely losing its value that caused too much losses of investors. USDC even de-pegged was well but soon recovered the day after that's why stable coins are not yet a safe heaven to hold into. There are lots of FUD on going that's why this happened.

[JayTrain]

While there have been concerns about Tether's solvency in the past, it's important to note that Tether has made efforts to increase transparency and provide audits of their reserves. However, there is still some level of risk involved in holding funds on Tether or any stablecoin, as they are not backed by government guarantees like traditional fiat currencies.

[Weawant]

I don't think it's impossible for USDT to be zero, it's unlikely as long as the Tether company maintains its reserves and continues to fulfill its obligations to users.  However, there are some risks associated with using a stablecoin like USDT, including a potential loss of confidence in the stability of the coin, regulatory oversight, or the possibility that the Tether company may fail to maintain its reserves but remember that Tether usdt is a top 3 coin in market cap and Tether usdt is a stable coin most used in the world.

Don't trust any stablecoin, they can all crash at any moment, Tether is the oldest of the stablecoin and has gone through more FUD than any other one yet it's still standing and that's because it's very centralized.

I think because there are so many companies invested in tether stablecoin that's why it's still holding strong. Tether has drop to below $1 on several occasions but it has always bounced back and that's good for the market.

If tether was to collapse like other stablecoin, this might make the market lose trust in stablecoin entirely and that'll be very difficult for the market to operate without stablecoin as they are the saviors when price is dumping.

[JayTrain]

It's important to note that Tether has faced controversy and skepticism over its transparency and reserves in the past. However, it still remains one of the most widely used stablecoins in the cryptocurrency market. Whether or not it is safe to hold funds in Tether ultimately depends on an individual's risk tolerance and belief in the stability and transparency of the stablecoin.

[newdevices]

It's important to note that Tether has faced controversy and skepticism over its transparency and reserves in the past. However, it still remains one of the most widely used stablecoins in the cryptocurrency market. Whether or not it is safe to hold funds in Tether ultimately depends on an individual's risk tolerance and belief in the stability and transparency of the stablecoin.

There are no problems with Tether, they are completely transparent and Tether also has no bad news and is completely safe in this crypto world,
moreover, USDT has been adopted by many exchanges so don't worry about the price of USDT in the future.

[Abiky]

Don't trust any stablecoin, they can all crash at any moment, Tether is the oldest of the stablecoin and has gone through more FUD than any other one yet it's still standing and that's because it's very centralized.

I think because there are so many companies invested in tether stablecoin that's why it's still holding strong. Tether has drop to below $1 on several occasions but it has always bounced back and that's good for the market.

If tether was to collapse like other stablecoin, this might make the market lose trust in stablecoin entirely and that'll be very difficult for the market to operate without stablecoin as they are the saviors when price is dumping.

I'd rather trust a CBDC than a stablecoin, simply because it's backed by the government. The latter is issued by a private company, who doesn't provide the same protections or guarantees as banks do with Fiat deposits. I think stablecoins will die in the long run due to their heavily-centralized nature.

Governments will simply force stablecoin issuers to shut down their operations to pave the way for CDBCs to take over the world. Only decentralized cryptocurrencies like BTC and ETH will survive a lifetime. Who knows for how long Tether (USDT) will be able to hold its peg to the US Dollar? Just my thoughts

[kevinzxz]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

of course it's still safe, because the possibility that the price of Tether can become $0 is very small, so of course your funds will be safe in Tether, especially now that Tether is a very popular stable coin, so it's very difficult for the price of Tehter to be $0 and if that happens, then I believe it is a bad sign for cryptocurrencies (bad news).

[Wiwo]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Tether is centralized and pegged to the US dollars which give it some level of credibility,  but the assurance is not there that it can be impossible to crashed to zero then also we can have some rare situations that can force the price to crash below recovery and one of such situation is were there is a back in tether network, this could impact its price beyond recovery level and also if the big bag holders decide to walk away pulling an exit one on the remaining tether communities.

Or a government policy could also force its price to fall below that recovery benchmark mark, so even though it seems impossible for the tether to crash to zero, it is also important we are aware of thepossibility for that happen also.

[bitkanu]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

of course it's still safe, because the possibility that the price of Tether can become $0 is very small, so of course your funds will be safe in Tether, especially now that Tether is a very popular stable coin, so it's very difficult for the price of Tehter to be $0 and if that happens, then I believe it is a bad sign for cryptocurrencies (bad news).

many are trusting tether so much already, even if tether did withdraw it reserve fund about 50% i'm sure many gonna gets confused and still use tether anyway.
i think it becoming zero is really difficult unless the company itself declared bankruptcy or even doing some underhanded methods.

[Sebas.tian]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Yes, Tether is very safe to hold my funds because their teams are potential team and they are very ready to do everything possible to ensure the price of Tether continue to increase higher to enable their investors have every reason to invest in tether again. Now that the Tether price has increased to $1 showed that before the end of next year 2024 the price of Tether will hit $2 to allow those long term holders to make a huge amount of money from their investments. If you have the money to invest on a stablcoins, I will advise you to invest in Tether because there is a hope that the price will increase more in future which will be favourable to those that will invest now.

[Abiky]

Tether is centralized and pegged to the US dollars which give it some level of credibility,  but the assurance is not there that it can be impossible to crashed to zero then also we can have some rare situations that can force the price to crash below recovery and one of such situation is were there is a back in tether network, this could impact its price beyond recovery level and also if the big bag holders decide to walk away pulling an exit one on the remaining tether communities.

Or a government policy could also force its price to fall below that recovery benchmark mark, so even though it seems impossible for the tether to crash to zero, it is also important we are aware of thepossibility for that happen also.

What's surprising is that in the midst of the banking crisis, Tether managed to retain its peg against the US Dollar. Other well-known stablecoins collapsed (mainly USDC and DAI) for a short period of time because of this. Either Tether is being heavily-manipulated on the market, or there's something else going on. With the issuing company (Bitfinex) adding new units of USDT to the supply, I'd take this stablecoin with a grain of salt.

You can never trust something that's isn't officially backed by the government (with the exception of Bitcoin and some other decentralized coins). If stablecoins are banned by the US government, you can say goodbye to your money for good. Who knows how long will USDT last? Just my opinion

[barhavsky]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.

[kawetsriyanto]

in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.

However, popularity doesn't guarantee that Tether to survive for a long time. If it has a problem/case in the near future, it may crash the value. XRP is one of the examples of crypto coins that ever crashed because it has a problem with SEC. Also, many people who hold Tether, can't guarantee anything. They hold Tether now because it has good popularity. But when it is no longer as popular as now, people may move their money (funds) from Tether to another stablecoin. Don't fully 100% trust on stable coin!!

[lobo13hf]

if tether is not safe and could crash to zero, I wonder which stablecoin actually is safe enough, tether has been standing for so long I doubt it could crash rather easily.
instead, it will always be the most trusted stablecoin ever, it's among the pioneer, it's gonna stands for many years into the future.

[bitkanu]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.

what important is not popularity, its whether the reserved funds of tether as a company matched with their total supply, we all know stablecoin backed by something in retaining its value and if it didn't match it only means one thing, a disaster.

[mdzahed134]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.

There are no guarantee with any stable coin on the market if you believe it or not that's upto you. Yeah, Tether (USDT) is the most renowned and popular stable coin as per as it’s uses against in every coin trading in the exchanges but that's doesn't mean it’s safe to hold in the long term.

[eaLiTy]

Yes, Tether is very safe to hold my funds because their teams are potential team and they are very ready to do everything possible to ensure the price of Tether continue to increase higher to enable their investors have every reason to invest in tether again.

Looks like you have no idea about Tether  .

Now that the Tether price has increased to $1 showed that before the end of next year 2024 the price of Tether will hit $2 to allow those long term holders to make a huge amount of money from their investments. If you have the money to invest on a stablcoins, I will advise you to invest in Tether because there is a hope that the price will increase more in future which will be favourable to those that will invest now.

The team claims that they are backed by the US dollar on a 1:1 ratio and you can expecting that to reach $2 

~
What's surprising is that in the midst of the banking crisis, Tether managed to retain its peg against the US Dollar. Other well-known stablecoins collapsed (mainly USDC and DAI) for a short period of time because of this. Either Tether is being heavily-manipulated on the market, or there's something else going on. With the issuing company (Bitfinex) adding new units of USDT to the supply, I'd take this stablecoin with a grain of salt.

It is heavily manipulated and minting new coins without any proof of backing and with all the issues with regulators and their claims that it is backed entirely was false and hence i will think twice holding them as a stable currency.

You can never trust something that's isn't officially backed by the government (with the exception of Bitcoin and some other decentralized coins). If stablecoins are banned by the US government, you can say goodbye to your money for good. Who knows how long will USDT last? Just my opinion

If a project is able to provide the audit report where everyone can verify regarding the actual money that is backed then you can trust them.

[shinratensei_]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.

it's most certainly gonna be safe for the upcoming decades, I think it's actually quite easy to determine whether a stablecoin like tether is safe to use that is by seeing if the accounted money in reserve equal to the money in distribution basically doesn't reflect something wrong going on, I think tether has been consistently releasing the detailed information of their reserve to public and I think that alone enough to make them trusted.
but the thing is, we never know if something gonna goes wrong like ust by luna where the money suddenly vanish into thin air, but honestly the case with luna's ust and usdt is definitely different stablecoin with different mechanism. so can't really compare each other.

[Amejoaquim]

Everything possible in crypto investment. LUNA and FTX has giving us a big lesson, we can't trust no one in this kind of investment. So, just don't be greedy and never spend money you can't afford to lose. Crypto is very volatile.

[yohananaomi]

Everything possible in crypto investment. LUNA and FTX has giving us a big lesson, we can't trust no one in this kind of investment. So, just don't be greedy and never spend money you can't afford to lose. Crypto is very volatile.

If we refer to what you said, I totally agree that nothing lasts forever and it is possible that anything will happen because the name of investment is always associated with the worst risk, which is, of course, losing the invested funds because they are no longer worth it.
There have been experiences that have occurred, and this will certainly teach you to always do whatever might happen.
But in my opinion, and the possibility could be wrong, ethereum will certainly be different from what has happened because, until now, ethereum has been a highly sought-after asset and is the target of investors, so if there is even the slightest movement, someone will intervene to prevent it from happening. Ethereum is almost as highly coveted as bitcoin.

[RewFrew]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I think obviously right you told. But in 2021 stable coin crash. It was an exceiden i think. After that all cryptocurrency price are ok ńow. There are many ways to found and learn properly. If we saw to ust, usdc and ftx we will see how it crashed. So i think anything is possible. Ustd is strong project there has no doubt. But we couldn’t tell strongly that it will never crash. But we tell that Tether is strong project so possibility to crush this coin is very tuff.

[I_RodimusPrime]

Yes it's can happen. Now people will say you don't know nothing it's pegged to 1$ blah blah. 

Look what happened to USDC, UST. In this mortal world nothing is permanent. It's also applies to USDT. So don't keep all your money in USDT, divide it invest or keep in different ways. Cuz you know that there is an old saying "Never put your all eggs in the same basket". I learned my lesson from UST crash and also FTX, Celsius incidents. 

[Abiky]

what important is not popularity, its whether the reserved funds of tether as a company matched with their total supply, we all know stablecoin backed by something in retaining its value and if it didn't match it only means one thing, a disaster.

If they play by the rules, there should be nothing to worry about. But I have a feeling people will trust CBDCs more than stablecoins, because they will be backed by the government. Tether's been known to have a shady past, so I'd proceed with caution.

If you want something reliable (sort of), then I'd advise you sell your crypto to Fiat (especially the USD). Ultimately, the market will determine the fate of stablecoins like Tether and USD Coin. Who knows if they're eventually replaced by CBDCs? Just my thoughts

[o48o]

If they play by the rules, there should be nothing to worry about. But I have a feeling people will trust CBDCs more than stablecoins, because they will be backed by the government. Tether's been known to have a shady past, so I'd proceed with caution.

If you want something reliable (sort of), then I'd advise you sell your crypto to Fiat (especially the USD). Ultimately, the market will determine the fate of stablecoins like Tether and USD Coin. Who knows if they're eventually replaced by CBDCs? Just my thoughts

I wouldn't really compare them. USDT is just pegged to fiat money, backed by fiat money, while CBDC is a platform to move actual fiat money in a new way.
But i am not following your logic why people should sell their crypto for Fiat. Sure, if you don't want volatility, you can keep your money in usd which will slowly lose value. Plus side for it is that it won't probably crash in a day, and even if it would, so would everything else.