There's a meeting that's happening right now and there will be for tomorrow too. Everyone is expecting that there's another effect on it the price of USDT and that's why those that have been holding stablecoins are still holding it because whatever the outcome of that meeting, surely will affect the price of it. Well, there's the effect on USDT because we are all aware of where it is relying and that's why when FED results in a positive meeting, the price of USD will be increasing again and so does the USDT.
That was still a meeting and they haven't taken any action yet but don't tell me that you think of it as one of the reasons on why tether is getting stronger? Hhmm. Even if usdt is a stable coin it is still possible for their prices to get affected although the effect won't be too much same with what we are seeing in normal volatile cryptos, so there is no need to worry about and they can also return to a dollar or more within a short period of time.
If someone is worried and scared about the outcome of the meeting then why will they still hodl their stable coin? They can always dispose it now that they still have a chance. There are some that still holds but that is because they are safeguarding their crypto profits and then maybe buy some cryptos once the price starts dipping again.
Just look at the market now, it seems that the talks during the fed meeting resulted in a positive one as what we can see with the market. The raise in interest rate to 0.75% has made the market green again. And for bitcoin from $21k back to $22k and is closing into $23k once again.
The market reacts positively so basically, the fed's meeting of misreading the inflation got every retailer into having a good and positive thought towards the market and many bought.
