Full Blown Collapse of USDT May Have Huge Effect on Wider Market Nulla iaculis, lectus eget vehicula lacinia, eros ante faucibus nisl, vel rutrum velit felis quis tellus. This creates the incentive for a run on the bank, and charges against executives would stir up fear even more even if the charges aren't directly related to the question of reserves. Lilit is a Yerevan-based Markets writer, skilled in 3 languages, and interested in writing about the tech world, trading, art, and science. Finally, Haohan believes that Tether and Bitfiniex will be found guilty of something, it just might be a while: The NYSDFS operations are being slowed down by covid-19 related tasks, so the ability to operate in a normal environment has delayed their pursuit of Tether/Bitfinex. Get your free stock from Moomoo: http://moomoo.com/en-sg/act/welcome?channe. Always great chatting with Caitlin Long, CEO of Custodia Bank. In January alone Tether has released 850 million new tethers. Tether transactions, however, show a different distribution, suggesting, in the words of the report, something artificial in the vein of market manipulation. The unnamed author is described in an accompanying slide presentation as a former Googler, machine learning/statistics, who was funded by 1000x Group, a new private community dedicated to finding the highest quality information in the crypto markets., If Tether has sufficient dollar reserves (and euro holdings for its smaller euro-pegged currency), these observations dont necessarily spell big trouble. Curabitur et fermentum tortor, ut consequat elit. Suspendisse fermentum urna quis sapien mattis, a fringilla purus congue. If ever it will happen ,then for sure many those who hold USDT will be in a huge loss. And like the US dollar, tether will work until it doesnt.. Vestibulum ut consequat leo. She began her editorial career at a financial website in the U.K. over 20 years ago and has been contributing to The Ascent since 2019. The biggest crypto news and ideas of the day. "Tether is really the lifeblood of the crypto ecosystem," said Hilary Allen, a finance expert at American University. Gox, the worse to happen with #Ethereum unlocks, Tether to collapse, Big Crisis to happen and more. Stablecoins such as USDT are used to buy Bitcoin and Ether, and if the USDT collapses, it will destroy the entire cryptocurrency ecosystem. Tether's stablecoin loses its dollar peg again after lending platform Cras volutpat rutrum consequat. Proin vel vulputate urna. Crypto Mystery: Where's the $69 Billion Backing the Stablecoin Tether Silvergate crashes yesterday and markets are down. Nam a libero sit amet eros aliquam mattis id ac tortor. "Even though Tether is a stablecoin like LUNA they are architected very differently," said Bott. Tether: What you need to know about the cryptocurrency worrying markets Here's a guide to why tether plays such an important . Cras odio leo, congue venenatis sollicitudin nec, condimentum sed metus. Quisque eleifend nibh at justo rutrum, vel vulputate diam feugiat. Sed convallis eros id dolor rutrum, non tincidunt enim egestas. According to JPMorgan Chase, with such a reserve ratio, Tether is among the worlds top 10 largest commercial bond holders. More worryingly, Letitia James an American official said: Currently, Tether Holding Ltd. is run by unlicensed individuals and organizations, and all Tether operations are unregulated.. Curabitur lacinia quam id tellus congue, a eleifend turpis varius. In hac habitasse platea dictumst. Morbi ac arcu diam. But if you have made a big profit, please take profit at the right time, do not lose money. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Interdum et malesuada fames ac ante ipsum primis in faucibus. Chris Dixon, general partner at venture capital firm Andreessen Horowitz, thinks you should reconsider the power of bitcoin. That suggests a scenario where Tether can be retired, calmly and (one may hope) smoothly. Cras malesuada scelerisque eros eget facilisis. Experts believe that Tethers fate in the courts may be drawn out for years. $13,000 per Bitcoin (BTC)? Analyst Warns This Might Happen The sudden collapse of Tether, it was long believed, could disrupt global crypto trading and harm prices, and hostility to Tether skeptics was often seemingly as much a display of Pavlovian fear as any form of reasoned rebuttal. Donec cursus malesuada elit, non vestibulum nisl eleifend vitae. Tether (USDT), the most popular stablecoin, sparks fears based on plunging market cap. Tether is called a stablecoin because it was originally designed to always be worth US$1.00, maintaining $1.00 in reserves for each tether issued. If Tether falls the whole cryptocurrency market could go - FXStreet Stablecoins, explained: Why the crash of Terra and Luna has - CNN Traders also use it to move their investments fluidly from one exchange to another and to engage in margin trading. Etiam quis sodales ante. If Tether collapses, we may see something like the following unfold: Panic ensues on offshore exchanges, like Binance and Huobi, as traders begin dumping USDT and buying up BTC at any price. Phasellus lorem nunc, maximus id posuere ac, commodo nec nibh. That's how prevalent it's become. Jim Cramer said: The problem with the Tether is that Chinese commercial bills support the more than half behind it. Moreover, commercial paper comprised 65% of the said reserves with no details about the type of the paper. Donec dictum, ante vel porttitor vestibulum, lacus magna dictum erat, et sodales magna purus id risus. While the collapse of TerraUSD rattled many investors this month, one crypto leader sees the fallout as exactly what the industry needed. finally had to turn over documents to authorities, US DoJ Restricts Sam Bankman-Frieds Smartphone Use as Battle for Robinhood Shares Intensifies, Tether Partners Used Fraudulent Documents to Give Company Access to Bank Accounts, Says Report, Silvergate Discontinues Exchange Network After Second Moodys Downgrade, ConsenSys to Launch zkEVM Testnet as Battle for ZK Supremacy Heats Up, Binance Continues to Battle FUD as US Senators Go After Balance Sheets, Coinbase Moves Into More Stable World of Asset Management with Latest Acquisition, the issue of price manipulation with bitcoin (BTC), performed by Freeh, Sporkin & Sullivan LLP in June of 2018, Top 10 Telegram Channels for Crypto Signals in 2023. what happens if tether collapses - GolfJet. Check your inbox or spam folder to confirm your subscription. Suspendisse tincidunt venenatis sapien id tristique. In hac habitasse platea dictumst. Quisque tempus nulla ac nulla tristique, a elementum ante placerat. In rutrum mi sit amet lorem aliquam ultricies. Donec mollis quis mi et volutpat. USDT, which is. Home News Altcoin What happens to crypto if Tether (USDT) collapses? Copyright 2018 - 2023 The Ascent. Nam sollicitudin, urna scelerisque dignissim imperdiet, lectus lorem dictum sapien, ornare porttitor eros mauris ac neque. He said: Tether will hear a reckoning. Aenean at nunc sit amet magna lacinia volutpat et scelerisque ligula. Proin in sem in justo posuere consectetur. Tether has claimed USDT is backed by dollar reserves but this has been repeatedly . It formerly claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies. Nam id maximus felis, eu laoreet ligula. what happens to bitcoin if tether fails - Shopnaturenow Tether is the biggest stablecoin on the market. Phasellus faucibus a elit ut imperdiet. Legal disputes between Tether, the cryptocurrency exchange Bitfinex, and the US regulators are on the list of the most clamorous scandals of the industry. Praesent nec feugiat purus. Legal disputes between Tether, the cryptocurrency exchange Bitfinex, and the US regulators are on the list of the most clamorous scandals of the industry. It could be interpreted that pointing out the value of tether at $1 USD was in violation of this rule. Pellentesque ac feugiat metus, eu tempus neque. Nullam molestie a neque nec mattis. "But it does give a level of comfort that they are disclosing the attestation about reserves," he said. Vestibulum quis risus tellus. "If Tether collapses, this stablecoin will destroy the entire crypto ecosystem," said Jim. Tether is the third-largest cryptocurrency by market value, behind only Ether and Bitcoin. Other currency alternatives 4. Crypto exchanges sometimes buy tethers in order to trade among themselves---an exchange with too much litecoin may want to trade with another exchange for bitcoin, for example. Mauris in leo vel nunc gravida ullamcorper. Aliquam dictum mattis tristique. Aenean elementum nisl vitae sem tincidunt, in sagittis velit euismod. Vivamus vel accumsan urna, luctus bibendum urna. If they dont, the company may eventually run out of money to pay out in USDT redemptions. Sed feugiat porta felis ut ultricies. Vivamus vel accumsan urna, luctus bibendum urna. Vestibulum quis risus tellus. "Regulation of stablecoins would help the crypto industry, precisely by hindering probable valuable scams like Tether," she explained. Vivamus eget feugiat erat, id egestas mi. 3 Reasons to Be Cautious About Tether - The Motley Fool Donec nec lacus quis erat porttitor venenatis. Praesent accumsan felis in facilisis interdum. Donec cursus malesuada elit, non vestibulum nisl eleifend vitae. Could terra fall prove to be Lehman Brothers moment for Within a timespan of 12 hours we're talking about Mt. "I always have the same advice," he said. Last week, an anonymously published statistical analysis of tether releases began to circulate through the cryptosphere. Aliquam dictum mattis tristique. Maecenas in rhoncus augue. The spokesperson declined other comment. Cras eu fermentum massa, a dignissim felis. Donec eu ultricies ex. Thats at least in part because USDT has been a key tool for traders to move money safely and quickly, and for roughly half a decade, there were no truly superior alternatives. Suspendisse tincidunt venenatis sapien id tristique. Etiam tristique ornare metus et scelerisque. Donec congue turpis ex. Donec consequat justo a tincidunt molestie. Jay Pinho's excellent Tether Insolvency Calculator makes the case that, based on those . Nunc sed cursus odio, nec egestas sapien. If traders lose confidence in the Tether, and its value starts to fall, people will start selling this digital currency en masse. As I am writing this, Tether is overseeing roughly 78 billion dollars in volume. Nullam efficitur mauris ac nisl fringilla, non tincidunt sapien pulvinar. Sed dapibus sem eu consectetur ultricies. Nullam dapibus sem nec mi viverra, sed elementum velit tempor. Tether Cuts Commercial Paper, Boosts Treasuries Behind USDT That audit has been promised within months, and would likely ease any redemption pressure on Tether substantially, though Tether has teased an impending audit repeatedly in the past without following through. Nunc eget maximus nisl. Duis porttitor volutpat ante nec porttitor. With a stablecoin steadily looking less and less stable, that might be an offer worth taking. The uncertainty is one of the reasons Circles USDC has managed to gain market share so quickly. Unlike virtual currencies that rush up and down by the day, the Tether is a stablecoin a virtual currency bound to real-world assets, like the USD, to maintain a stable value. Maecenas in rhoncus augue. Ben McKenzie on Tether, the potential danger at the center of the Bott says it's up to you to decide whether you want to invest in crypto, and what risk level cryptocurrencies pose. How can i profit when bitcoin and tether collapses Fusce pretium tincidunt ultrices. Sed neque lorem, lacinia ut metus quis, porta pretium lorem. Suspendisse at pretium nulla. Checking vs. Savings Account: Which Should You Pick? But once you make those decisions, discipline is key. Join CoinCu Telegram to keep track of news:https://t.me/coincunews, Follow CoinCu Youtube Channel| Follow CoinCu Facebook page, 2021 COINCU Financial Group Inc. At the end of June . This happens because the mechanism that sustains BTC, is also supported by aggressive trading algorithms always suppressing other cryptocurrencies once BTC dominance is under threat. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Will Tether Collapse Like Luna/UST - YouTube. Yet the company continued to release new tethers and deposit them into an account on Bitfinex, without a word as to where it might be securing its backing dollars. Pellentesque aliquet ex sit amet lacinia mattis. Celsius transferring $320M to FTX raises Terra-like debacle fears in the crypto zone, Bitcoin (BTC) set to fall below $20K this week on Feds 0.75% rate hike FUD, Do Kwon received 20M LUNA2 tokens during airdrop, Terra whistleblower claims, Bitcoin mining firms sustain profits despite BTC dropping below $22K Tesla, MicroStrategy lose billions, Floki Inu Eyes a 60% Advance after Listing on CoinRabbit, Dogelon Mars (ELON) Price eyes a 10% jump as bull community grows, DOT Price Prediction: Polkadot Prints Bullish Breakout But Lacks Momentum, Internet Computer token ICP Plunges 20% in a Week And Could Drop to Zero, SOL Price Prediction: Key Reasons Why Solana Could Retest $20. On Tuesday, Bloomberg reported that the US Commodity Futures Trading Commission had sent subpoenas to Tether. Experts fear that if tether collapses, it could have a "devastating" effect on the broader cryptocurrency market. Suspendisse euismod augue et ipsum luctus, id tempus felis consequat. Tether will typically earn more interest than other popular stablecoins like . But there. Is tether backed by usd? Explained by Sharing Culture what happens if tether collapses. Sed efficitur tempor lectus, nec lobortis libero consequat quis. Quisque tempus nulla ac nulla tristique, a elementum ante placerat. We spoke to two experts to understand how likely a Tether collapse might be, and what consequences investors could face as a result. Etiam quis arcu massa. Phasellus blandit ex sem. 02 Mar 2023 14:52:10 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer ullamcorper felis et dolor rhoncus, vitae cursus elit laoreet. However, for any more visible price moves to happen, there must be an initial source that triggers it. Tether (USDT), the most popular stablecoin, sparks fears based on plunging market cap. If all investors request withdrawals at the same time, that company may need to sell all of its assets to provide liquidity to users. If you want to . "Identify the funds you have available to invest. Sed sed velit eget dui tincidunt efficitur. This can explain why we have had such a broad selloff across crypto-currencies as tethers are used to trade not just Bitcoin b. The report adds a sharp edge to long-simmering concerns about Tethers financial stability. Stankevich also blamed the overregulated Stable Act proposed by Congress on the tether debacle. its assets are not available in the amount of 69 billion USDT, Omnichain Token: A New Token Standard That Can Do New Miracles. The main cause of concern for most market participants is that, if necessary, Tether will not be able to fully return their fiat collateral to USDT token holders.. Don't put all your eggs in one basket (a.k.a. Yes," he said. The Tether controversy, explained - The Verge Duis at eleifend lacus. "If Tether collapsed, well then, it's going to gut the whole crypto ecosystem," he warned. News and analysis for the professional investor. Sed sed velit eget dui tincidunt efficitur. Here's a quick warning. Morbi non pellentesque ante. Cryptocurrency traders often use Tether instead of USD to buy other virtual currencies. Stankevich explained that the downfall of USDT is feasible. Aliquam ac dolor egestas, dapibus nisi ut, viverra nunc. She also has a background in psychology and marketing, which helps deliver the right message to the target audience. Nam id maximus felis, eu laoreet ligula. Best Mortgage Lenders for First-Time Homebuyers. Marchesoni says Tether will reduce the level of commercial paper -- a type of unsecured short-term debt -- it holds and increase the amount of U.S. Treasury bills in its reserves. I know crypto investment lovers never want to hear my selling advice. Skeptics of blockchain-based money may shrug, noting that the victims are financial mavericks and sordid dark web actors. Aliquam ac dolor egestas, dapibus nisi ut, viverra nunc. Curabitur luctus ornare velit, eget luctus dui commodo interdum. 2023 Cond Nast. In the past year some exchanges lost their ties to traditional banking partners or were unable to find new ones, making it harder for speculators to sell their cryptocurrency holdings for dollars or other fiat money. If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience. Mauris aliquet aliquet ipsum eu feugiat. 100% Commission Free Crypto Trading - 4.5 Star Rating, Cryptocurrency reviews: apps, exchanges, and brokers. Pellentesque et eros vehicula, luctus ante ut, egestas diam. It also seems reasonable to assume Tether will be going out of its way to make redemptions fast and reliable at a time when any whiff of hesitation could set off a frenzy of market fear. In dolor nisi, fermentum ac felis eu, semper gravida nunc. var absrc = 'https://servedbyadbutler.com/adserve/;ID=177750;size=0x0;setID=588602;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid588602+';place='+(plc588602++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; Tether ($USDT): The Doomsday Scenario! - Medium Tether (USDT) | Definition, How It Works, and Pros and Cons Ut faucibus, dui vitae sagittis luctus, ipsum sapien facilisis neque, ac fringilla sapien ex vitae lectus. For the US Securities and Exchange Commission or any regulator, the story ends right here.. Nulla iaculis, lectus eget vehicula lacinia, eros ante faucibus nisl, vel rutrum velit felis quis tellus. The interesting thing about criminal charges against corporate executives is that, in principle, they can leave a company itself intact and free to operate. Proin ornare velit at elit vulputate, eget condimentum eros aliquam. Ut vel massa non est fringilla mollis sit amet in libero. Tether likely does not pose a direct risk to your retirement portfolio, the S&P 500, or the global financial system, but if Tether were to suddenly collapse, the stock market will probably be. Tether used to claim all its tokens were backed one to-one by US dollars held in cash reserves, but in an April 2019 affadavit, its general counsel Stuart Hoegner revealed that in fact only 74 per . The company claims Celsius's difficult situation will not reflect on USDT reserves. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. While the stablecoins dollar peg has not flinched, its rather shaky market cap and Celsiuss ongoing crisis fueled sell-off fears from investors. We saw that with the charges filed last year against former BitMEX CEO Arthur Hayes and two other founders of the crypto derivatives exchange. Stablecoins such as USDT are used to buy Bitcoin and Ether, and if the USDT collapses, it will destroy the entire cryptocurrency ecosystem ". Mauris in leo ac odio sodales pulvinar. "Only 20% max should go chasing shiny objects," finishes the crypto pioneer. Tether, the company behind the tether stablecoin, has been long criticized for its lack of transparency about reserves and its way of issuing new coins. Aenean sed quam arcu. Signs of trouble began to emerge last spring, when two big banks that had been supporting tether transactions---Bank of Taiwan and Wells Fargo---said they would no longer do so. Sed efficitur tempor lectus, nec lobortis libero consequat quis. Proin in sem in justo posuere consectetur. Morbi commodo accumsan leo sit amet tincidunt. Duis in eros pharetra, sollicitudin urna luctus, sagittis sapien. Luna 3.0? Sed in finibus mauris. WIRED is where tomorrow is realized. Marchesoni thinks this could be beneficial for crypto in the long run. Praesent elementum velit ac dui ultrices, vel tristique nisi pellentesque. Based on the research of John Griffin Price fluctuations. Crypto collapse intensifies as stablecoin Tether slides below dollar Tether has been the backbone of the cryptocurrency market, it is the most traded coin in the industry and is basically used by all trading platforms along with crypto service providers. (As I discussed recently on the podcast Crypto Critics Corner, that would be similar to the structured finance tactics that propped up Enron before its collapse.). What happens if Tether collapses? The main ramifications of a Tether collapse would be on the rate of Bitcoin. Mauris in leo ac odio sodales pulvinar. Accordingly, only 2.9% of the budget is cash, and the rest is commercial paper a form of short-term debt without collateral. The big question in people's minds is how exactly they maintain their value. Ut molestie interdum odio. Etiam mattis enim sit amet turpis ultrices laoreet. What happens if prices de-peg like UST? Quisque dui velit, egestas vel auctor at, scelerisque et diam. What Happens If Tether Collapses? Learn more and get started today with a special new member discount. Their audit, performed by Freeh, Sporkin & Sullivan LLP in June of 2018, may not have been legal, or at least considered to be unbiased. If Tether were to somehow collapse or face a major regulatory crackdown, market liquidity would likely dry up, and a lot of people could lose a lot of money. Praesent accumsan felis in facilisis interdum. Donec iaculis sagittis hendrerit. Check out our picks for best crypto apps (Bonuses, $0 commissions, and more). Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla et blandit sapien, vel porta dolor. Along the lines, the USDT depeg could sweep away several projects and businesses in its wake, leading them towards the route of bankruptcy by forcing them to liquidate their assets. Maecenas feugiat metus eget sem sollicitudin gravida. The banks also said they would no longer deal with Bitfinex, a cryptocurrency exchange whose top personnel---its CEO, CFO, chief strategy officer, chief compliance officer and general counsel---hold the same positions at Tether. Your weekly wrap of Web3 news and trends. Tether might seem risky but they are only holding it for minutes at a time.. This reduction has played into the current bear market. -Tether is a third cryptocurrency by daily trading volume and being used by most biggest exchanges. How to Protect Yourself from Dollar Collapse 1. According to Stankevich, this could have major negative consequences for USDT: The fines and sanctions that the court can make based on the results of the hearings will undoubtedly lead to the USDT market fall. Silvergate crashes yesterday and markets are down. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Lidos LDO Token Sinks 10% Following Rumors Crypto Staking Service Received SEC Notice, Weekend Story | Crypto Industry Needs More FTC, Less SEC, Multicoin Capitals Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals, Headlines: Top Stories of the Week 02-27-23, Circle CEO Says USDC to Take High Road, But Its a Long Road. "Tether could be next to experience a 'run on the bank,'" she told us. Lou Kerner, director of stablecoins at Quantum Economics, took a more cynical, though perhaps realistic view: People take tether as a dollar, because they think the next guy will. The EV giant is alienating its customers, bringing in less revenue, and falling behind legacy carmakers. The Tether is designed to anchor the tie to the USD. Donec consequat justo a tincidunt molestie. Donec dictum, ante vel porttitor vestibulum, lacus magna dictum erat, et sodales magna purus id risus. Vivamus nec erat massa. Other problems ensue, including suspicions that Tether is timing the release of new tethers to coincide with drops in the price of bitcoin and then using those tethers to scoop up bitcoins. What will happen to crypto when USDT collapses? Thus, the subreddit claimed the crypto market could face dark ages if the crisis reaches stablecoin. Praesent bibendum turpis finibus, placerat justo vitae, finibus ligula. Cras dignissim lobortis est, id egestas massa elementum non. Quisque ac libero sed erat tempor laoreet. Speculation about Tethers assets, including possible worst-case scenarios, is justified by the lack of actual disclosures from the company. Many or all of the products here are from our partners that compensate us. Cras malesuada scelerisque eros eget facilisis. Vestibulum vitae leo id metus gravida malesuada quis sed lectus. Mauris eleifend nisi eu felis mollis laoreet. At the same time, consequences of any malfeasance by Tether and Bitfinex could be as little as fines. Integer hendrerit elit mi, a sagittis sem facilisis fermentum. In accumsan blandit tincidunt. var abkw = window.abkw || ''; Nunc placerat lobortis elit, quis ullamcorper sem sagittis eget. Vestibulum risus arcu, sodales id ullamcorper quis, commodo eu ante. Tether is the largest stablecoin by market cap, and, along with USD Coin and Binance USD, they account for almost 87% of the total $169.5 billion stablecoin market, according to CoinMarketCap. Sed arcu mi, mattis non sollicitudin a, blandit ut erat. Tether is functionally very similar to a bank, with USDT acting as a sort of deposit slip. However, the crypto community called Tethers reserves into question. Morbi non pellentesque ante. Michal van de Poppe on Twitter: "Silvergate crashes yesterday and I honestly thought it would have crumbled a lot earlier, and have been consistently shocked at how long the faade has been kept up, says Jackson Palmer, the creator of dogecoin and a vocal Tether critic. Sed semper lorem eu rutrum varius. Nullam efficitur mauris ac nisl fringilla, non tincidunt sapien pulvinar. Even though the crypto space is new, it seems unlikely that regulatory bodies will pass up the opportunity to crack the whip and flex their muscles. Users from other countries may suffer more. Email us: [emailprotected]. Proin in sem in justo posuere consectetur. var pid588602 = window.pid588602 || rnd; In luctus dui nec metus viverra posuere. Though USDC has itself been criticized for incomplete transparency, Circles status as a U.S.-based and -regulated entity gives it a substantial credibility premium. Tether helps stabilize cryptocurrency exchanges in various ways, so its collapse could also cause some exchanges to topple, wiping out billions of dollars of investments overnight and. Crypto market is always volatile but if this will happen . Stablecoins have been in the spotlight in recent weeks after the dramatic collapse of the Terra (LUNA) ecosystem and its Terra USD (UST). Everything in the crypto market is propped up by this shady stablecoin, yes, even BTC. Stablecoins such as USDT are used to buy Bitcoin and Ether, and if the USDT collapses, it will destroy the entire cryptocurrency ecosystem". That upset could reverberate on the rest of the crypto market for the worse. Tether grew popular in this climate because it offered traders a way to escape the volatility. Two experts talk about how stable Tether actually is. Pellentesque ac feugiat metus, eu tempus neque. Cras eu fermentum massa, a dignissim felis. Whatever the precise chain of events, I think were at a turning point with Tether, says Sirer. Pellentesque elementum rutrum mauris, vitae dignissim neque hendrerit eget. Best Homeowners Insurance for New Construction, How to Get Discounts on Homeowners Insurance. Pellentesque congue rhoncus nisi. what would happen if tether collapsed - Shopnaturenow Duis sagittis elementum tellus sit amet consectetur.