Is Tether/USDT Still Safe?

qwerty11 said:
Yes, Tether is not affected because that's a stablecoin (i.e. it is hardly coupled to real assets).
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Don't you remember UST ?

This is laughable.
They kept the description on MarketCap :confused:

upload_2022-12-7_21-10-42.png


"provides several benefits that have made it a stand-out stablecoin competitor"
"gained the reputation as the most scalable stablecoin"

upload_2022-12-7_21-8-51.png


LMAO
 
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Sekiyo said:
Don't you remember UST ?

This is laughable.
They kept the description on MarketCap :confused:

LMAO
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UST is an algorithmic stablecoin which is very different than fiat-backed 1-to-1 stablecoins like USDT, USDC, GUSD, BUSD, USDP
 
I think in understand stable coins; they are basically US dollars. Who is using them and is their use widespread?
When you refer to unbankable countries are these stable coins used as a medium of exchange or just as a store of value?
 
deaddog said:
I think in understand stable coins; they are basically US dollars. Who is using them and is their use widespread?
When you refer to unbankable countries are these stable coins used as a medium of exchange or just as a store of value?
More...

Edit: both

In Argentina, Tethers are exchanged with a premium in black markets same as US $ notes

https://www.bloomberglinea.com/engl...er-as-hedging-after-economy-minister-resigns/

https://cryptopotato.com/lebanese-embrace-bitcoin-and-tether-amid-total-economic-crash/

https://forkast.news/myanmar-shadow-government-uses-tether-in-its-fight/

https://www.wsj.com/articles/turks-pile-into-bitcoin-and-tether-to-escape-plunging-lira-11641982077
 
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