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?

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[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 .