Quote from: ShinyStarPrincess on September 16, 2023, 05:56:07 PM

If Binance or USDT crash, will be the Worst Blackswan of Crypto era, and a lot of altcoins will never recover of that

That's certainly true, mate. After all, USDT helps keep market liquidity afloat. BTC may be the reserve currency of crypto, but USDT is the one that manipulates everything. A collapse would lead market prices all the way down to "rock bottom". It will be a huge opportunity for new buyers, but a complete disaster for long-term holders. There's nothing we can do to prevent this.

Cashing out to Fiat (particularly the USD) beforehand might be the only way to minimize risks of loss as much as possible. You can never trust a stablecoin with shady practices. Who knows if a USDT collapse would be the "last straw" for investors to stop trusting stablecoins altogether? Just my thoughts Grin