Many believe that if Tether collapses the cryptocurrency market will be ruined. Also, believers of Tether consider that Tether is so robust that even the word “collapse” doesn’t and can’t even come close. They point to how Tether has been very reliable and stable for years. It’s very unlikely for it to fall. If you think it might collapse, you probably don’t have a rational thought process.

Any other stable coin cannot compare to Tether. As it is very obvious that by considering the market cap, it’s operating perfectly fine. Its performance demonstrates how dependable and stable Tether is. It has been delivering encouraging news and promoting the adoption of cryptocurrencies.

Tether Continues to Survive

Despite all the FUDs and doubt it receives from people, Tether is still standing stronger doing the best it can to survive this market turmoil rooting for Tether success.

Tether is undeniably showing its value once more. People are acting blindly in light of the fact that Tether has been demonstrating its worth for years based on its performance. Tether has held up well despite all the nonsense. It has endured and is still effective.

Tether Minting Unlimited Stable Coins

Why is Tether able to mint unlimited stable coins without proper backing similar to Terra Luna? Luna wasn’t backed by anything, but UST was backed by Luna. Tether is backed by US T-Bills mostly. And if you didn’t notice, Tether’s been redeeming since FTX became insolvent, not minting.

Tether continues to survive tough times.  However, negative ideas about Tether are continually being suggested.

“3AC, Celsius, Voyager, FTX. All dead. What happens every time there’s FUD in the crypto market? People start talking about the collapse of USDT.

Tether is a central bank backed by central bank derivatives and fiat. Let’s just hope they don’t have a “leak” like FTX.”

When is Tether’s Turn?

So far supporters have to state that Tether is not a scam. Those who are creating FUD are unnecessarily creating dread when there is nothing in reality to be concerned about.  Looking at stuff happening these days, it looks like everybody is a fraud.  Several notable entities in this space have been a bad actor. The only thing that makes one wonder is “When is Tether’s turn?”

With Tether having been a lead investor in Celsius it’s hilarious that they are acting like they weren’t to be blamed.

The ambiguity around Tether might not go away until Tether publishes a full audit with information like how they buy treasuries, their correspondent bank partner, and how they manage to liquidate so much commercial paper so quickly in what is a deep but narrow market.

USDT makes it possible for people to figuratively save their savings by thinking that everyone should have access to a financial system. Tether never fails to deliver. Tether never disappoints. It is more power because USDT considers global adoption to be very important. Tether has been doing a great job in ensuring cryptocurrency adoption globally.