Will Tether crash to $0?

[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.