Will Tether crash to $0?

[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.