the problem here is the lower USDT goes, the higher the prices are for all coins artificially on these exchanges, & as the price moves up, noob traders buy more of them and the rally pushes higher as other exchanges follow.

imagine a situation where USDT falls to 50 cents, (like nubits did) the noob traders are going to think theyve hit the jackpot when they see their USDT balances have doubled, but will be in for a shock when their 10k USDT is only worth 5K USD

http://coinmarketcap.com/assets/tether/

current value: $0.922114


https://cryptowat.ch/kraken/usdtusd/12h

Kraken value: $0.9105

The price of USDT started falling with this announcement https://tether.to/announcement/

The drop is causing a huge upward gap in prices between exchanges using USDT, and judging from trollboxes many people dont even realise its not USD on these exchanges

for now I'd simply avoid USDT and the exchanges using USDT instead of USD. I can personally see it all ending badly

So what happens if the company folds or has its bank account closed with all the fiat they supposedly have? this is highly likely to happen, and its likely to take out some exchanges with it too

With the current value of USD/USDT at 0.9081 I'd say its already a failed coin, with its one purpose of maintaining the dollar peg lost

its like nubits all over again

dev logged in just a few weeks ago.. do you have a source?

hi guys, i have 4x xbox live gold 3 month subscriptions for sale

0.025 BTC each

Realise this is my first post, happy to use a middleman with feedback etc, would also take the dreaded PP (not sure if saying their name here is allowed) - fully verified long time ebay trader etc

cheers