Altcoins News
By Maheen Hernandez
1 / 14
The argument about “Can you confirm that everyone is and will always be able to redeem 1 USDT for 1 USD? Not by some other 'reserves', but USD” continues.
2 / 14
Tether expressed, USDt is not "losing" its peg. Subject to our terms of service, Tether issues and redeems one USDt for one dollar: no more, no less.
3 / 14
Tether represents a battle-tested technology that has been through many cycles. In this market, many are flooding into USDt as a safe harbor.
4 / 14
Sites tracking pricing and providing analysis should be approached with caution as they use exchanges as data sources, many of which were unreachable during the dip.
5 / 14
The overall cryptocurrency market is going south. And, several investors are prospecting to invest in crypto.
6 / 14
Now, those who have USDt reserves will be able to buy the dip!
7 / 14
Twitter handle Walter Bloomberg expressed: “TREASURY CALLS FOR CRYPTO TRANSFERS OVER $10K REPORTED TO IRS”
8 / 14
Others were like: I report all. Are we not already doing this?
9 / 14
Some of them were like: Isn’t treasuries jurisdiction in fiat currency? What mandate gives them any authority to make such a claim?
10 / 14
So, without banks how are they going to deposit for crypto buys and withdraw their profits to spend?
11 / 14
Bankers Notice: Man two banks Valley and Fargo are holding my funds. They want proof how I got that money from Coinbase.
12 / 14
Giving proof of how money made is tricky because: Today's price? Yesterday's? 5 mins ago? The price changes by seconds.
13 / 14
About Privacy: Imagine supporting grandfather tech that had 12 years to improve privacy.
14 / 14
Regulatory firework is all set! Tether (USDT) will see people flocking in. People might want to buy the dip and so they will choose to forget the peg and reserve issue to just…
The Currency Analytics
Want the full story?