Quote from: ene1980 on September 13, 2021, 10:51:23 PM

Quote from: South Park on September 07, 2021, 06:39:17 PM

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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.

Sometimes it is difficult for me to understand why people have so much trust on tether, especially when we take into account that we are in a market that prides itself on being decentralized and yet stable coins are the complete opposite of that idea, there is a lot of evidence that shows that the one to one ratio that people were promised is simply an illusion and at some point there is going to be government intervention and people are going to realize they had been lied to all of those years and the coin is going to crash.