Will Tether crash to $0?

[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.