Quote from: Cornia on Today at 02:12:54 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?

USDT is the most used and trusted stablecoin. If this stablecoin ever crashes, many people will suffer huge losses. Because many prefer to convert their assets to USDT. So I think instead of just converting assets to USDT, they should also keep them in BUSD, USDC and DAI.

BUSD and USDC will be the most popular stable coins if USDT fails. But for this huge amount of people will lose huge amount. Because USDT is held by many people. People lost billions of dollars due to UST crash, but if USDT crashes, people will lose trillions of dollars and with it people's trust in stablecoins will go away. And at the same time the price of other cryptocurrencies including Bitcoin will rise.