Post
Topic
Board Speculation (Altcoins)
Re: Will Tether crash to $0?
by
ene1980
on 13/09/2021, 22:51:23 UTC
~
 but we are talking about a private company that supposedly backs each one of their tokens with one dollar, something that has been put into doubt many times in the past and if at some point the government decides to move against USDT then it will crash immediately.
There will be government looking closely about what they are really doing and whether they are really backing up anything substantial amount to the most important word here, supposedly backing up every USDT with a dollar which is not and there are documents that came out already that they do not even hold 20% of the funds in USD. The next 5 years is interesting as many countries are coming up with regulations and we will see what the fate of USDT will be.