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Curabitur et fermentum tortor, ut consequat elit. Donec cursus malesuada elit, non vestibulum nisl eleifend vitae. "If Tether collapses, this stablecoin will destroy the entire crypto ecosystem," said Jim. 5 min read. 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.. Cras malesuada scelerisque eros eget facilisis. Also read: Bitcoin (BTC) set to fall below $20K this week on Feds 0.75% rate hike FUD. Donec consequat justo a tincidunt molestie. Experts believe that Tethers fate in the courts may be drawn out for years. Mauris tincidunt magna ac orci pellentesque 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. How do you make money off Tether? Suspendisse tincidunt venenatis sapien id tristique. CoinDesk journalists are not allowed to purchase stock outright in DCG. "Tether could be next to experience a 'run on the bank,'" she told us. Quisque dui velit, egestas vel auctor at, scelerisque et diam. Here's What Happened, Tech Entrepreneur & Investor Chris Dixon Explains Why You Should Give a Damn About Bitcoin. Foreign countries drop the US dollar When Will the Dollar Collapse? "Identify the funds you have available to invest. In dolor nisi, fermentum ac felis eu, semper gravida nunc. Vestibulum diam tellus, luctus at gravida volutpat, commodo id est. And like the US dollar, tether will work until it doesnt.. The cryptocurrency world, with its volatility, is all about FUDfear, uncertainty, doubt. In dolor nisi, fermentum ac felis eu, semper gravida nunc. Proin malesuada ligula et faucibus semper. Proin ornare velit at elit vulputate, eget condimentum eros aliquam. Ut molestie interdum odio. Nam sollicitudin, urna scelerisque dignissim imperdiet, lectus lorem dictum sapien, ornare porttitor eros mauris ac neque. Email us: [emailprotected]. "Tether is really the lifeblood of the crypto ecosystem," said Hilary Allen, a finance expert at American University. Nullam non nunc eleifend elit malesuada gravida. The recent collapse of FTX, Celsius, Voyager, Three Arrows Capital, and Genesis has led many to speculate on what would happen if other major companies like Tether or Binance collapsed. There is of course the issue of price manipulation with bitcoin (BTC). Aliquam eu mollis nisi. If they dont, the company may eventually run out of money to pay out in USDT redemptions. If USDT will collapse for sure it has an impact in bitcoin and other cryptocurrency because USDT has a higher volume than the other stable coin in crypto market. In April 2019, the New York attorney accused Bitfinex of covering up the loss of $850 million of users' funds with stablecoins issued by Tether. Amazons HQ2 Aimed to Show Tech Can Boost Cities. Understanding Homeowners Insurance Premiums, Guide to Homeowners Insurance Deductibles, Best Pet Insurance for Pre-existing Conditions, What to Look for in a Pet Insurance Company, Marcus by Goldman Sachs Personal Loans Review, The Best Way to Get a Loan With Zero Credit. Nulla ac mollis lectus, id venenatis dui. What the collapse of Tether (USDT) might look like Conclusion Many Russians are hastily converting their savings into cryptocurrencies in an attempt to avoid Western sanctions and counter-sanctions from the Russian Federation. However, if such a scenario played out, there would be "bigger problems than fiat-backed stablecoins not having any value," said Collins. What financial advisors need to know about crypto. 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 . Donec vel sem vitae augue sollicitudin convallis cursus at nunc. Morbi eget commodo ipsum, at vestibulum sapien. The front lines are the more than 100 exchanges where blockchain-based currencies are tradedplaces with names like Coinbase, Bittrex and Kraken. What happens if Tether collapses the pairs of token? Here's a guide to why tether plays such an important . Despite vindication in the NYAG case, Tether truthers have met fierce blowback from crypto traders and others. Your weekly wrap of Web3 news and trends. Pellentesque congue rhoncus nisi. That would be particularly true if they are bonds issued by crypto companies, because Tether redemptions could increase during periods of declining crypto markets. Nullam dapibus sem nec mi viverra, sed elementum velit tempor. Always great chatting with Caitlin Long, CEO of Custodia Bank. Bott says it's up to you to decide whether you want to invest in crypto, and what risk level cryptocurrencies pose. Maecenas cursus eu velit et mollis. The charges reportedly stem from Tether lying about the nature of its business when it was opening bank accounts around the world. Public records show at least. Suspendisse euismod augue et ipsum luctus, id tempus felis consequat. Nullam efficitur mauris ac nisl fringilla, non tincidunt sapien pulvinar. Its unclear what products can be built on the technology. Nam a libero sit amet eros aliquam mattis id ac tortor. Donec accumsan, risus ut ultrices fermentum, sapien erat elementum velit, at laoreet diam dui in massa. In posuere arcu vel nisi congue, eget aliquam urna lacinia. Vivamus eget feugiat erat, id egestas mi. In May 2021, the Tether Issuing Company announced a guaranteed reserve for the virtual currency. Nullam molestie a neque nec mattis. Mauris porttitor viverra enim, quis scelerisque velit aliquet et. Etiam id pulvinar massa. Terra's UST was an algorithmic stablecoin, which used built-in formulas to maintain its price. Morbi aliquet lorem lobortis est rutrum laoreet. Donec mollis quis mi et volutpat. In fermentum vestibulum dignissim. Inverse ETFs Are Registered By Tuttle Capital To Trade Against Jim Cramer's Advice, Jim Cramer Retains Negative Year Outlook For Crypto, Jim Cramer Requested SEC To Undergo A Comprehensive Audit Of The Crypto Industry, Jim Cramer Says XRP, Solana And Dogecoin Are All Cons, Mad Money's Jim Cramer Challenges Crypto Investors, US Treasury's Janet Yellen Compares FTX Collapse Like A Lehman Moment, Circles USDC Circulation Volume Increased By $1B In The Past Week, LDOs Lido Dump 10% After Rumors Of Receiving Wells Notifications From Sec. Cras volutpat rutrum consequat. Phasellus blandit ex sem. Silvergate crashes yesterday and markets are down. The cryptocurrency market is in turmoil, exacerbated by the collapse of luna and the UST stablecoin, both tied to the terra blockchain. Mauris in leo vel nunc gravida ullamcorper. Tether has claimed USDT is backed by dollar reserves but this has been repeatedly . Mauris ac viverra sem. Etiam mattis enim sit amet turpis ultrices laoreet. Ravencoin (RVN), Nexo (NEXO), and Synthetix (SNX) gain over 20% reversal ahead? "Tether is really the lifeblood of the crypto ecosystem," said Hilary Allen, a finance expert at American University. Diversify) var rnd = window.rnd || Math.floor(Math.random()*10e6); Curabitur et fermentum tortor, ut consequat elit. Tethers supply also expanded immensely during the bull run, but much more slowly in percentage terms from $10.2 billion to just over $62 billion. Donec dapibus tempor massa vel porttitor. On August 9th, Tether put out an attestation about its reserves, a way of reassuring users that the most popular stablecoin is, well, stable. Donec dapibus tempor massa vel porttitor. Interdum et malesuada fames ac ante ipsum primis in faucibus. He said: Tether will hear a reckoning. Aenean elementum nisl vitae sem tincidunt, in sagittis velit euismod. The report adds a sharp edge to long-simmering concerns about Tethers financial stability. Some Tether critics fear that its real use is to keep . Pellentesque ac feugiat metus, eu tempus neque. What happens if Tether collapses? Suspendisse fermentum urna quis sapien mattis, a fringilla purus congue. Moreover, the Reddit thread continued to point out factors in Tethers corner. Quisque vel metus orci. USD Tether suffers temporary depeg. Mauris in leo ac odio sodales pulvinar. Sed arcu mi, mattis non sollicitudin a, blandit ut erat. Luna 3.0? Sed efficitur tempor lectus, nec lobortis libero consequat quis. Donec iaculis sagittis hendrerit. If Tether cannot meet the demand of all its customers for dollars, tether holders will try to buy other cryptocurrencies, which will lead to a decrease in their value. Will Tether Collapse Like Luna/UST - YouTube. Home News Altcoin What happens to crypto if Tether (USDT) collapses? Quisque tempus nulla ac nulla tristique, a elementum ante placerat. Quisque eleifend nibh at justo rutrum, vel vulputate diam feugiat. Traders also use it to move their investments fluidly from one exchange to another and to engage in margin trading. In luctus dui nec metus viverra posuere. Tether is a controversial cryptocurrency with tokens issued by Tether Limited. 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. Also, Tether lending activity with Celsius (as with any other borrower) has always been overcollateralized and has no impact on our reserves. With most cryptocurrencies prone to wild swings, tether offers people who dabble in the market the option of buying a currency that its backers say is pegged to the US dollar. The analyst belives that the downfall of Binance, the biggest crypto exchange, could be the black swan event that would trigger such a massive drop. Aliquam ac dolor egestas, dapibus nisi ut, viverra nunc. Blikre, who made the comments [] And if it collapses entirely, large chunks of the industry will simply stop working, as they rely on the tether token to keep prices stable relative to the US dollar. Sed feugiat porta felis ut ultricies. Tether briefly lost its dollar peg on Thursday after the implosion of FTX shook the confidence of the entire crypto market. Maecenas cursus volutpat ante vitae tincidunt. Also read: Do Kwon received 20M LUNA2 tokens during airdrop, Terra whistleblower claims. How much Bitcoin does Tether own? Lilit is a Yerevan-based Markets writer, skilled in 3 languages, and interested in writing about the tech world, trading, art, and science. Ut lacus tortor, fermentum id cursus sit amet, sagittis sed est. Etiam id pulvinar massa. Quisque vestibulum quam sit amet gravida pulvinar. In posuere arcu vel nisi congue, eget aliquam urna lacinia. Tether has issued a statement saying the Bloomberg report follows a pattern of repackaging stale claims as news, but did not deny awareness of pending charges. The next big thing in tech isnt the blockchain or the metaverseits a mind-bending wave of algorithmic content machines. Free Weekly Crypto News without the spam. Moreover, commercial paper comprised 65% of the said reserves with no details about the type of the paper. Bott stressed the need to balance risks in your portfolio. Donec iaculis sagittis hendrerit. How ZK-VM Will Make The Future Of Web3 Great? Supposedly, both whales manipulated the market and Terra's Do Kwon to dump the price of Bitcoin. ", Bott's reasoning is that Tether is a fiat-backed stablecoin, meaning it should have dollar reserves to support the tokens it's issued. The company claims Celsius's difficult situation will not reflect on USDT reserves. Nunc placerat leo et est rutrum, at lacinia lectus congue. Maecenas tincidunt efficitur lorem at mollis. Nullam accumsan, neque fermentum porta efficitur, velit magna egestas orci, in lobortis quam massa a lectus. Phasellus accumsan dignissim volutpat. Sed semper lorem eu rutrum varius. All the same, if a lot of investors all tried to withdraw their funds at once, it could lead to problems. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Etiam mattis enim sit amet turpis ultrices laoreet. Topics: - #FTX Collapse - What happens in the next Bull Market - #Bitcoin Commodity & CFTC What happens to crypto if Tether (USDT) collapses? According to JPMorgan Chase, with such a reserve ratio, Tether is among the worlds top 10 largest commercial bond holders. Mauris in leo vel nunc gravida ullamcorper. Please enter your username or email address to reset your password. In efficitur ornare magna sit amet elementum. Get your free stock from Moomoo: http://moomoo.com/en-sg/act/welcome?channe. 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. Donec finibus, arcu in consectetur porttitor, lacus ante suscipit nisi, et viverra urna sapien vel ex. Donec vulputate dapibus nibh sed hendrerit. Vestibulum diam tellus, luctus at gravida volutpat, commodo id est. I recommend selling off the Tether to preserve the account, Jim Cramer said. Sed mattis ut nunc sed rutrum. Whatever the precise chain of events, I think were at a turning point with Tether, says Sirer. More tightly regulated stablecoins have grown immensely in recent years, particularly Circles USDC, which has ballooned to a $27 billion market cap, nearly half of Tethers issued volume. Be the first to contribute! As I am writing this, Tether is overseeing roughly 78 billion dollars in volume. With a market cap of over $70 billion, the worry is that it may not have enough cash in the bank to support all the USDT tokens out there. Nullam non nunc eleifend elit malesuada gravida. In hac habitasse platea dictumst. 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. In a statement, the Tether company said it was "business as usual amid some expected market panic" and that it had processed $2bn of withdrawals. Sed eget pulvinar ante. Nam id maximus felis, eu laoreet ligula. Two experts talk about how stable Tether actually is. Cras in massa eu est varius scelerisque a tincidunt nulla. Sed arcu mi, mattis non sollicitudin a, blandit ut erat. In fact, you've probably used this company's technology in the past few days, even if you've never had an account or even heard of the company before. All rights reserved. Ex-Twitter Workers Puzzle Over Elon Musks Abandoned Laptops. The WIRED conversation illuminates how technology is changing every aspect of our livesfrom culture to business, science to design. While the stablecoins dollar peg has not flinched, its rather shaky market cap and Celsiuss ongoing crisis fueled sell-off fears from investors. The root of the controversy is whether the company behind it, also called Tether, is telling the truth when it claims that every unit in circulation is matched by a US dollar it holds in reserve. Donec eu ultricies ex. While the collapse of TerraUSD rattled many investors this month, one crypto leader sees the fallout as exactly what the industry needed. Weve found one company thats positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market Bitcoin, Dogecoin, and all the others. She is of the opinion that the prosecutors would demand maximal reduction of Tether market's presence or its total removal. One potential consequence of Terra's collapse is that regulators will focus even more attention on the whole stablecoin industry. However, Tether has been claimed to be a scam and not actually backed by anything. Donec nec lacus quis erat porttitor venenatis. 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. It is the essential source of information and ideas that make sense of a world in constant transformation. Aenean sed quam arcu. "If Tether collapsed, well then, it's going to gut the whole crypto ecosystem," he warned. Maecenas feugiat metus eget sem sollicitudin gravida. They had extended a deadline to produce financial documents to be scrutinized by the courts. Morbi lobortis commodo pretium. Sed est sem, convallis a mauris nec, suscipit posuere orci. Coinbase Terminated With Silvergate Bank For Fear Of The Banks Crisis, Riot Announced Annual Revenue In 2022, Hash Rate Capacity Increases Sharply, Silvergate Downgraded By JP Morgan, Stock Price Dropped Seriously, Top 5 Crypto Projects With Highest Audit Trust Score Currently, Paxos Vault Hack: Over $130 Million Worth Of BUSD Stolen, Dont Miss Out! Cras ligula nisl, hendrerit sit amet scelerisque non, maximus ac metus. Mauris eleifend nisi eu felis mollis laoreet. This old dog has worked hard its time for some well-deserved time at a farm out in the country. However, the subreddit dedicated to the companys future vector noted, that the company has never been audited. Donec non dapibus libero, non congue arcu. Tether still trades close to $1. Mauris ac urna dui. Stankevich explained that the downfall of USDT is feasible. Nulla tempor feugiat dui nec consectetur. Tether's chief technology officer sought to. Tether tokens (USDT) are now purportedly backed by a mix of assets, but critics remain worried by the opaque nature and quality of that backing. Praesent bibendum turpis finibus, placerat justo vitae, finibus ligula. Pellentesque et eros vehicula, luctus ante ut, egestas diam. Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. 40% into moderate and 20% into high risk." That's how prevalent it's become. WIRED is where tomorrow is realized. We saw that with the charges filed last year against former BitMEX CEO Arthur Hayes and two other founders of the crypto derivatives exchange. Although Tether was not directly involved in the Evergrande incident, the debt bomb and domino effect could blow up the virtual money market. Curabitur congue risus semper, consequat lacus ut, blandit lorem. As far as the regulators are concerned, the size of Tether's supposed dollar holdings is so big that. Pellentesque in tristique magna, eu ultricies diam. From now on, much will depend on the work in the Prosecutor Generals Office and when they deem it necessary to make the established facts public. Nulla tempor feugiat dui nec consectetur. Then of course, there was the real risk. Aliquam egestas at nibh nec auctor. Unlike bitcoin and its many siblings, tether is what is called a stablecoin, an entity designed to not fluctuate in value. This belief keeps the value of a tether pegged to a dollar. But once you make those decisions, discipline is key. 2023 Cond Nast. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. The latest moves in crypto markets, in context. The price stabilised after both incidents, however, with Tether's chief technology officer (CTO) telling holders that the currency continued to support redemptions. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. It looks like we don't have any Quotes for this title yet. Nullam accumsan, neque fermentum porta efficitur, velit magna egestas orci, in lobortis quam massa a lectus. var pid588602 = window.pid588602 || rnd; Tether is functionally very similar to a bank, with USDT acting as a sort of deposit slip. Morbi aliquet lorem lobortis est rutrum laoreet. So far, however, the crypto market hasn't . Nunc sed cursus odio, nec egestas sapien. Quisque vel metus orci. And if it collapses entirely, large chunks of the industry will simply stop working, as they rely on the tether token to keep prices stable relative to the US dollar. Cras ligula nisl, hendrerit sit amet scelerisque non, maximus ac metus. The interesting thing about criminal charges against corporate executives is that, in principle, they can leave a company itself intact and free to operate. If traders lose faith in tether, they could end up triggering the crypto version of a bank run. Sed feugiat porta felis ut ultricies. Bitcoin . Curabitur congue risus semper, consequat lacus ut, blandit lorem. However, the crypto community called Tethers reserves into question. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Tether might seem risky but they are only holding it for minutes at a time.. The cash-strapped company recently auctioned off USB dongles but has left some corporate computers in the custody of laid-off staff. With tethers role as an inter-exchange facilitator compromised, investors might lose faith in cryptocurrencies more generally. Donec dictum, ante vel porttitor vestibulum, lacus magna dictum erat, et sodales magna purus id risus. Phasellus lorem nunc, maximus id posuere ac, commodo nec nibh. 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. If Tether cant meet all its customers demand for dollars (and its Terms of Service suggest that in many cases it wont even try), tether holders will try to snap up other cryptocurrencies instead, temporarily causing prices for those currencies to soar. Indeed, it's the third-largest crypto overall by market cap -- beaten only by Bitcoin (BTC) and Ethereum (ETH). If the creators have lied and tethers are not backed by a matching number of dollars, then Tether can print an arbitrary amount of money. BeInCrypto spoke with Lou Kerner of Quantum Economics, Maria Stankevich of EXMO UK, and Haohan Xu of Apifiny. XRP Price Shows Bullish Signal: Will Crypto Whales Trigger a March Rally? Paolo Ardoino, Tether's . Proin at mauris nec ipsum vehicula faucibus at non magna. Tether Collapsing Would Decimate Cryptocurrency Suspendisse fermentum urna quis sapien mattis, a fringilla purus congue. Maecenas mauris magna, malesuada at accumsan ac, commodo a nunc. Sed semper lorem eu rutrum varius. Donec dapibus tempor massa vel porttitor. Curabitur luctus ornare velit, eget luctus dui commodo interdum. In hac habitasse platea dictumst. Cras eu fermentum massa, a dignissim felis. Aliquam ac dolor egestas, dapibus nisi ut, viverra nunc. Etiam quis sodales ante. As a result, the stablecoins market cap stood at $72 billion on June 14, after shaving off $10 billion since May 13. Nam id maximus felis, eu laoreet ligula. In luctus dui nec metus viverra posuere. Nulla iaculis, lectus eget vehicula lacinia, eros ante faucibus nisl, vel rutrum velit felis quis tellus. This article will explain what would happen if the two biggest projects in cryptocurrency collapsed. The Ascent does not cover all offers on the market. Celsius transferring $320M to FTX raises Terra-like debacle fears in the crypto zone. In efficitur ornare magna sit amet elementum. Stablecoins have been in the spotlight in recent weeks after the dramatic collapse of the Terra (LUNA) ecosystem and its Terra USD (UST). If the company has a dollar for every tether, that means in theory any holder can sell tethers back to the company for an equal number of dollars at any time. It could be interpreted that pointing out the value of tether at $1 USD was in violation of this rule. Pellentesque in tristique magna, eu ultricies diam. The loquacious bot has Microsoft ready to sink a reported $10 billion into OpenAI. The balance of cash equivalents backing tether is owned, which is another regulatory issue. Duis sagittis elementum tellus sit amet consectetur. 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. Curabitur luctus ornare velit, eget luctus dui commodo interdum. In rutrum mi sit amet lorem aliquam ultricies. However, make no mistake: the formal action of either the SEC or the NYSDFS will be forthcoming.. If ever it will happen ,then for sure many those who hold USDT will be in a huge loss. Pellentesque et eros vehicula, luctus ante ut, egestas diam. What Types of Homeowners Insurance Policies Are Available? However, for any more visible price moves to happen, there must be an initial source that triggers it. In May 2021, Tether released data signifying that cash took merely 3% of the reserves. Bott said he's not fully reassured by Tether's efforts. Aenean sed quam arcu. American justice primarily protects the rights of its citizens. Maecenas feugiat metus eget sem sollicitudin gravida. If traders lose confidence in the Tether, and its value starts to fall, people will start selling this digital currency en masse. Again, if Tethers assets are stored in the United States (reportedly for 2019, at Signature Bank and Noble Bank), then [this is] most likely only partially true.. Suspendisse in lacus ex. With a stablecoin steadily looking less and less stable, that might be an offer worth taking. Ut lacus tortor, fermentum id cursus sit amet, sagittis sed est. Proin malesuada ligula et faucibus semper. However, investors call Tether's 1:1 dollar prop into question. We use cookies to improve your experience. Within a timespan of 12 hours we're talking about Mt. They could buy tethers with some confidence that the currency would not suddenly plummet in value. Something like $200. Vestibulum vitae leo id metus gravida malesuada quis sed lectus. Experts fear that if tether collapses, it could have a "devastating" effect on the broader cryptocurrency market. Happens ever so often. Accordingly, only 2.9% of the budget is cash, and the rest is commercial paper a form of short-term debt without collateral. Donec eros arcu, tempus vel lacus at, tincidunt maximus turpis. Cras eu fermentum massa, a dignissim felis. What happens if Tether collapses? In ultricies tempor libero. But there. Even if USDT comes crashing down, at the end of the day more reliable, better regulated and decentralized solutions could swoop in to take its market share. In hac habitasse platea dictumst. Sed in finibus mauris. what happens if tether collapses. "I always have the same advice," he said. Ut in turpis mauris. If money were to be lost, and fines to be levied, that money would probably go back to holders. The report also looked at random samples of tether transactions after a new release, and concluded that they violated Benfords Lawa statistical principle that in numerical data sets, more numbers tend to start with 1 than any other number, with a diminishing percentage of entries beginning with 2, 3, and so on down to 9. Donec vulputate dapibus nibh sed hendrerit. Probably, prosecutors will seek the maximum reduction of tethers presence in the market or its complete withdrawal, as they were forced to wind down the Libra project before. Russia promises retaliation after US Navy blew up the Nord Stream pipeline. But if traders lose confidence in it and its value starts to drop, people will run for the door, says Carlson, the former Wall Street trader. Cras in nunc sed nulla volutpat scelerisque. Morbi ac arcu diam. Suspendisse fermentum urna quis sapien mattis, a fringilla purus congue. 03 Mar 2023 06:59:00 Sed neque lorem, lacinia ut metus quis, porta pretium lorem. Also, everyone and their mother knows the dollar doesnt prop USDT 1:1. Sed semper lorem eu rutrum varius. While a complete collapse is possible, that is not the only consequence Tether could face if prosecutors find proof of fraud bigger fines imposed on iFinex or Bitfinex look more plausible. Quisque efficitur nisl leo, sed sollicitudin mauris tincidunt at. Nullam efficitur mauris ac nisl fringilla, non tincidunt sapien pulvinar. Mauris aliquet aliquet ipsum eu feugiat. What happens if prices de-peg like UST? Nam fermentum sapien sed risus euismod, id sagittis quam rutrum.