Post
Topic
Board Speculation (Altcoins)
Re: Will Tether crash to $0?
by
Abiky
on 28/07/2023, 21:49:10 UTC
what important is not popularity, its whether the reserved funds of tether as a company matched with their total supply, we all know stablecoin backed by something in retaining its value and if it didn't match it only means one thing, a disaster.

If they play by the rules, there should be nothing to worry about. But I have a feeling people will trust CBDCs more than stablecoins, because they will be backed by the government. Tether's been known to have a shady past, so I'd proceed with caution.

If you want something reliable (sort of), then I'd advise you sell your crypto to Fiat (especially the USD). Ultimately, the market will determine the fate of stablecoins like Tether and USD Coin. Who knows if they're eventually replaced by CBDCs? Just my thoughts Grin