Quote from: lalabotax on August 12, 2023, 09:45:27 PM

Quote from: Princess_Devi on August 05, 2023, 05:06:15 PM

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

Thankfully I don't save my assets in USDT.
However if there really was a situation like this, it was undeniable, it would definitely be difficult. If a stable coin that is trusted enough and is used by many people and various exchanges, and suddenly drops or has a rug pull, then there will be some problems. especially if the coin cannot be sold or converted again to other coins. This is going to be a big deal. Maybe this will be difficult to happen but that doesn't mean it's impossible. Because it could happen in the future due to something really bad.

That's why I personally don't think about keeping assets in USDT or stable coins, only using them sometimes for pairs in trading. However, we must always be vigilant and always update the market and news to quickly avoid unwanted things.

All of what you said is true, however since we are talking about USDT which is the most dominant and important stable coin I think things could get even worse.

If USDT collapsed as described by the OP then I doubt the other stable coins will remain unaffected, if anything the trust should be lost on those coins as well, even if they are not experimenting any problem on their own, and this could lead to the complete demise of stable coins in this market, something I think the governments would be incredibly interested on seeing happening.