Did you guys notice that USDT has lost 10 billion on Market Cap Since the LUNA Incident (11-05-2022)?
What Next?
who cares? this is the bitcoin WO thread.
Yeah, but if it fails, BTC will drop 3-5k.
I altered all my USDC and USDT to cash a month ago. Rather have 20-30k in fiat and wait for the next move to make than have 20-30k in stable coins.
I have received some very low gear price offers. So I know there is a lot of scary money as I type this.
I won't say that BTC will drop 3-5K. But, surely it will affect all over the market if USDT Crash. USDT market Dominance Increased from 4% to 6% in the last three months. If a Single shitcoin like Luna Can change the market drastically, A Most Used stable coin can wipe out a lot from the market. I hope it won't happen. But, It's scary when we see Stable coins de-peggs often. USDT was de-pegged a few weeks ago during the chain swap.