Quote from: keyscore44 on Today at 07:34:31 PM

Quote from: cabron on Today at 02:20:23 PM

Quote from: kojektea on Today at 02:00:24 PM

When the bear market has arrived I think everyone will take their assets from cryptocurrency to real assets to fiat money. One of the easiest ways is via tether. There is no data here that shows that the 10 billion usdt transaction took place with a single transaction. The sheer number of tether users I think makes that many transactions possible.

Like they said its just a 10B, its tiny amount for a stablecoin that's on the top 3.

But some crypto observers are already expecting more stablecoin scam and they were suspecting USDT to be the next since a lot of circulating articles already about it not backed by real USD. So far nothing was said to counter this and then there's SEC who are eager to get their hands on stablecoin regulation while the FED also wants to release their own FEDstablecoin.

Capitalization has gone from $83 billion to $73 billion, so that's not a small amount.
In my opinion, it is not strange that investors are selling USDT when one of the biggest stablecoins collapses (LUNA).
Tether has already been audited several times to verify that all USDT are backed in USD and has passed all audits so far. In my opinion, for security reasons, SEC should check them again. Then we'll all sleep better.

Maybe you are talking about recent audits because way back in 2019, Tether itself admitted that they were not fully backed at one point.

https://www.coindesk.com/markets/2019/11/08/tether-says-its-stablecoin-is-fully-backed-again/

However, even with audits, how sure are we that we are getting the absolute truth behind their assets?
So for me, there's a reason for some holders to switch to other assets and find more solid platforms.
That amount, 10B is already huge to some. It may not be significant to USDT but it is a dent on their market.