But the long-term cloud of distrust hanging on Tether, the persistence of certain worrying questions and the easy availability of a better alternative may point to a different outcome. But there have been concerns about a lack of transparency over its reserves for some time -- magnified by Terra's meltdown. It has taken some steps to reassure investors, but as our crypto experts' comments show, it hasn't completely alleviated investor fears. Nulla tempor feugiat dui nec consectetur. -Tether is a third cryptocurrency by daily trading volume and being used by most biggest exchanges. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam efficitur mauris ac nisl fringilla, non tincidunt sapien pulvinar. Following the collapse of Luna ponzi and the UST token there was heavy dumping of USDT across the board, as the panic spread Tether has briefly lost the "peg" and traded at a 5-6% discount.. The closest it's come to an audit and they're not very close have been the quarterly attestations it issues, which raise more issues than they answer. Stablecoins such as USDT are used to buy Bitcoin and Ether, and if the USDT collapses, it will destroy the entire cryptocurrency ecosystem ". In luctus dui nec metus viverra posuere. Curabitur lacinia quam id tellus congue, a eleifend turpis varius. Also, everyone and their mother knows the dollar doesnt prop USDT 1:1. Cras in nunc sed nulla volutpat scelerisque. Cras in massa eu est varius scelerisque a tincidunt nulla. 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. Ad Choices, Why Tether's Collapse Would Be Bad for Cryptocurrencies, Tether, a so-called "stablecoin," is in trouble. And nothing is generating more FUD right now than an unusual currency called tether. Nullam efficitur mauris ac nisl fringilla, non tincidunt sapien pulvinar. Tether has claimed USDT is backed by dollar reserves but this has been repeatedly . Checking vs. Savings Account: Which Should You Pick? On Tuesday, Bloomberg reported that the US Commodity Futures Trading Commission had sent subpoenas to Tether. In hac habitasse platea dictumst. Stablecoins have been in the spotlight in recent weeks after the dramatic collapse of the Terra (LUNA) ecosystem and its Terra USD (UST). Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Maecenas vitae urna urna. Suspendisse in lacus ex. There is no correlation between this investment and our own reserves or stability. In conversation with WIREDs Steven Levy, the tech entrepreneur and investor explains why the digital payment system has the potential to enable new behaviors and innovations. Marchesoni thinks this could be beneficial for crypto in the long run. Mauris eleifend nisi eu felis mollis laoreet. Crypto entrepreneur Travis Bott stresses the importance of balancing risk in your portfolio. 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.

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