Quote from: Karartma1 on January 27, 2021, 09:07:29 AM

Quote from: bbc.reporter on January 27, 2021, 04:35:22 AM

@Sithara007. My biggest concern is the Democrats might attack and takedown where they can also hurt the whole cryptospace. Tether.

There are a few people in here who are certain that bitcoin will pump if Tether was taken down because they would exit Tether by buying bitcoin hehe. This is comedy.

If that is where Tether is going where can I sign for it? Cool

It would be a great happy ending. All USDT in circulation would finally move back to BTC where they belong.
Apart from that, that's something I fail to understand: it's only a mere 1:1 representation of a dollar. There has been more to it to let it grow above many $B of capitalization. There are many stablecoins around but tether has always been the preferred choice of traders, speculators and you name others.
Even though, I might be happy if it disappears, I don't think we will ever have something similar if it blows up.
And decentralized alternatives struggles to take off, unfortunately.

I very much disagree that Tether USDT holders can pump bitcoin when the takedown begins. You as a bitcoin holder, why would you sell your bitcoins for something that you know will be worthless after takedown?