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?
Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?
If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.
Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?
If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.
Well, because a system is accurate as fuck doesn't mean it cannot fail, even a healthy heart and kidney fail at some point when it is stress to max point multiple times. But there is something we need to evaluate about stable coin going to below pegging value, because without understanding this, it will be an effort for nothing, no valuable information will be gained at the end of the day.
If you recall what happened to USTC, I mean the Tera classic stable coin? It wasn't backed by anything other some portion of some BTC and their tokens. It was an experiment meant to succeed beyond the space of USDT but failed when Bitcoin price start dumping and when some people saw some flaws in the Defi, they made use of it to manipulate the price and short the he'll living out of the stable coin and today, it's worth nothing, all investment down the drainage.
Coming back to USDT, they are back with fiat and some other short term bonds that I don't fully know but it more safer to say that it wouldn't crash the way we have in mind but as I have said, because it's the system is working doesn't mean it can't be stress. Just to be safe, 20% allocation of your assets into USDT is okay in my opinion.