Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?
this is a thread of 2018 and now it's 2021. means this thread is 3 years old. but still tops the list in altcoin discussions. So now I think your question has resolved itself without mentioning that USDT is a safe stable altcoin. and we can see that in all the exchange markets now, USDT is paired with all the altcoins that are on the exchange market.
Even though, USDT is not a safe market. It's not acceptable that any entity can create a value out of thin of air.
From another side, USDT or any other stable coin is playing like an instrument of trade and not a thing of value by any mean, however it becomes trusted more than expected due to it's stability in price. And as those coins are generated without being backed by any valuable asstet, the collapse may happen at any time for a reason or another.
Even though a collapse can happen at any time, people are still very positive about USDT because we also know that everything of value will have advantages and disadvantages.