Tether Foro

Bitcoin cycles in the year of the halving. If September was green for Bitcoin, the following three months were all green. Bitcoin is up 11.5% this September and there are only four trading days (including today) left this month. Where do you see the Bitcoin price at the end of the year? My guess is $100,000 (currently $65,000).

$BTC (-0,36 %)
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$DOGE (+3,21 %)
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$ADA (-3,38 %)
$USDT (+0,2 %)
$AAVE (+0,27 %)
$BONK (+5,28 %)
$SHIB (+1,58 %)
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$GLXY (-4,6 %)
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$21BC (+1,51 %)$HIVE (-1,84 %)
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$ETHE
$BCHS (-0,5 %)
$ARB (+4,24 %)

$USDT (+0,2 %) loses the dollar peg

⚠️ Update: after plunging as low as $0.95, things seem to be returning to some normalcy. Or just the calm before the storm?

After the crypto faction has certainly witnessed the drama around $UST (+1,15 %) in the last few days, Tether has now been trading below a dollar for a few hours. The dimensions are by far not as huge as with UST, but it started similarly with UST - and currently you can watch the gap grow.

Unlike UST, USDT is not algorithmic. For every USDT there is a real dollar deposited. The only stupid thing is that exactly this is doubted again and again. At the same time, USDT is the most important stablecoin in the crypto environment. If USDT continues to crash, what we have seen in the crypto environment in recent days was just a small dent.

I for one have swapped all stablecoins into euros and only keep UST for gambling. And don't forget, with the Donkey you heard it first 🥕

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What do you think about Usdc or Tether staking at FTX or CRO? Are these 10-12% p.a. really risk free or where is the catch? Who is liable if the margin call is not covered? Is there anyone who knows more about this?

$USDT (+0,2 %)
$USDC (+0,39 %)

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