Well that is so true, I also think the same way. I think Tether will not touch $0 because I see Tether still has so many people who wants to invest in it and if we look the price in past few months, I think the price is quite safe and stable. So, I still want to recommend to invest in it.
Yes it is definitely stable and safe because Tether is a stablecoin that is very much preferred by everyone in the crypto space in terms of storing their assets before making any trades, because in general Tether is not very suitable to be chosen as an investment in the long term.
Lets look at the brighter side , though of course nothing is permanent as Stable coin also needs support so one day if the support from the users gone? then probability to become zero value is there but of course this will depend on the reactions .
I am a USDT holder as this is what i use to hide my currency and prevent from experiencing too much volatility .
The answer is yes, inevitably.
It doesn't even hold cash as its reserves anymore.
Just take a look at their reserve breakdowns for this financial year, if I remember correctly only around 3-4% of it is actually in cash whilst the rest are in debt/equities/other investments. Fractional reserve systems never last too long.
you made me alarmed from this post , i never took a look on this part but indeed , you are perfectly correct on that and this is what i am now afraid of .
FUD.
Bitcoin will go to a million dollars. Tether is fiiine and Bitfinex is a well-repuatated company. They say tether holds some junk China bonds, so what? China already bailed out half of Evergrande. They haven't rescued the other half yet, but maybe they will later.
Tether also made it clear that they don't hold any Evergrande bonds.
If they get in trouble, they'll just print more tethers and bail the failing part of their problems.
I wouldn't be surprised if tether's marketcap hits above 100 billion next year and drive bitcoin to $100k.
Buckle up.