Quote from: keyscore44 on May 30, 2022, 01:45:13 PM

Quote from: PaulBf1 on May 26, 2022, 11:15:17 PM

Investors have taken out 10 billion dollars out of tether in these past few weeks according to The Guardian
You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk

as you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?

LUNA was a very large stablecoin and had a very good reputation, yet the project failed. Certainly, some investors fear that other stablecoins may suffer a similar fate. Tether is dollar backed unlike LUNA which was bitcoin backed. This greatly distinguishes the two projects from each other, but it is possible that someone simply does not know about it and is transferring their money elsewhere for security reasons.