@Sithara007. You understand, good. I have been telling everyone about this on another thread in the speculation subforum, however, they have called it FUD even if the argument was based on facts. How can anyone call it FUD if it was facts based? It is speculation.
well which one is it---facts or speculation? it's one thing to say tether is/was not 1:1 backed, or that the state of new york is suing them---those are certainly facts. i can agree with that. it's another thing to suggest tether's takedown is a sure thing, and that this will crash the bitcoin market. those aren't facts.
And there will be big impact on the cryptocurrency market. If Tether is not safe, then none of the stablecoins are safe.
why? a lot of the market already trusts stablecoins like PAX and USDC a lot more than USDT. they're issued by regulated/licensed companies. plus, if the market starts dumping their stablecoins below their redeemable value, big whales will just arbitrage them back to $1, because free money.