Will Tether crash to $0?

[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.