Tether was fine until some exchanges like Kraken hate it. Tether to the moon! I expect a Tether pump soon.
If tether pumps then it is a failed coin.
The whole idea is for it to have parity with USD. And divergence from that and it is not serving its purpose.
So, does anyone know what's going on on here? 1 USDT is now worth 0.92 USD.
The price of USDT started falling with this announcement
https://tether.to/announcement/The drop is causing a huge upward gap in prices between exchanges using USDT, and judging from trollboxes many people dont even realise its not USD on these exchanges
for now I'd simply avoid USDT and the exchanges using USDT instead of USD. I can personally see it all ending badly