What are your thoughts on the Tether FUD? Is it something to be concerned about? Could it possibly bring down Bitcoin if Tether implodes? Even Vitalik has expressed concerns about Tether and he doesn't fuck around
Well, the Blockchain Community is very solid and prioritizes transparency so basically it's not FUD but a fact that really happened. We need to be concerned about this because Tether is one of the most widely used Fiat in the global market today and it is very worrying that as far as I have read that USDT/Tether is not backed up by real assets (less than 10% on balance sheet) and the rest only commercial paper or fictitious assets. It's possible that this will have an impact on the Bitcoin market, Well let's see because this has been going on for a long time.