If there ever is a USDT collapse, you will not escape it even if you don’t use USDT.

39 thoughts on “If there ever is a USDT collapse, you will not escape it even if you don’t use USDT.”

1. [deleted]

2. bro I’m holding usdt now and now I’m scared to hold it, I don’t want to buy any coins rn because of the market

3. If tether goes down now, exchanges won’t be able to pay you back, even if you are shorting the market…and crypto will legitimately be dead for multiple years coming.

4. You’re absolutely right. We’re in this together, and a USDT collapse would send shockwaves throughout the crypto community, if that shit hits the fan, we’ll be in the same boat as everyone else.

5. I don’t think USDT is going down anytime soon. This sub has always been wrong about predicting the crypto future.

   Source – Been here since 2021 and lost enough money listening to the shills and fudders here.

6. A Bitcoin exploit is the only thing that truly scares me. Trust would be lost forever.

   All the other coins can go to rags for all I care.

7. If USDT falls, it would be a very long dark and cold crypto Winter

8. If USDT collapses, even if you don’t use it, you’ll still feel the pain. Just like how you can’t escape your ex even if you’ve blocked them on social media.

9. The more we talk about USDT collapse, the stronger it seems to become. It’s like that spirit energy ball from Dragon Ball Z where it is accumulating all our hate and turning it into energy

10. If Binance or USDT fail, it is going to be like a tsunami.

11. What if I shorted USDT? , it looks like a nice escape to me.

12. A long long winter where Santa Claus may taking a break to giving good child a toys for their chiretmast winter

13. But what if I didn’t use crypto at all. Maybe I’m being a little glib here, but I’m making a point. The stock market collapses, and it will take crypto with it. Crypto collapses, and the stock market won’t even blink.

    All the more reason to diversify.

14. People have been calling a Tether collapse for years now.

    During that time so many other stablecoins have fallen 💀.

15. I wouldn’t worry about it. Tether has proven that they’re indestructible

16. In simpler words: a USDT collapse would be an earthquake felt around the entirety of the cryptomarket.

17. People forget that USDT isn’t just a stablecoin, it is the stablecoin and the equivalent of FIAT in the crypto scene.

    Other than that it’s safe to safe that the market will bleed heavily if the number #3 crypto suddenly collapsed. That’s just something that no one can prevent.

18. If usdt collapses, the whole crypto market is going to dump hard in a matter of seconds. You won’t be able to save yourself as there will be soo less time time act. The damage will be soo worse that it will take years for crypto to recover from this damage. Even if they are shady doing sketchy things, their downfall will lead to major damage to the whole crypto market.

19. If there is a USDT collapse we’re in for a very long and very cold crypto winter

20. USDT has proven to be that tenacious cockroach that will survive anything thrown at it including a nuke.

21. Tether is sitting on a swing

    If the US decides to stop them from operation

    Its fall will follow

22. no, i doubt it. BTC is designed to not care about USDT.

23. Let’s keep it positive guys, I’m starting to sweat and my chest hurts reading this

24. As long as the fundamentals of projects don’t change, I don’t care what stables do

25. Yeah, we will all be screwed like with UST going down, because it will ripple through the market.

    But we all know that this will not be the end of Crypto, since Bitcoin already went through so much, if USDT collapse it won’t kill Crypto either.

26. If USDT would disappear, then Bitcoin and other cryptos would be traded directly with Fiat. USDT is just a way of transfer liquidity into the market, it’s not important on its own.

27. This is going to be the biggest black swan event in all of crypto if it happens

28. The large part of the problem is that almost every coin has a USDT PAIR that has pretty good liquidity.

    ​

    Either ways, if USDT goes down, so do we all. The best thing to do is to move away consistently from USDT. Encourage projects to set up trading pairs in USDC or other stable coins.

    Trade other stablecoin pairs on exchanges (USDC/BTC rather than USDT/BTC).

    Slowly, over time, we can subtract USDT domninance. However, as it is right now, if USDT goes down, we are in deep trouble

29. I’d Rather flush all the shit down the toilet, and clean the house before we rent it out. Even if it means we take a temporary loss. We’ll be able to charge more and recoup are losses as long as the customers want to keep coming back.

30. Tether pros & cons with related info are in the collapsed comments below.

31. I mean it would have ripple effects on even more than just crypto considering the amount of money that moves through it.

32. USDT going down is as similar as binance going down or even bigger. The effects of them would be lasting for a long while, and the next bullrun? well…

33. So you’re saying the crypto world is pretty much resting on the shoulder of a company with criminal history.

34. Stable coins need to crash and burn.

35. Conveniently ignored LTC as top 10 trading volume of all time

36. Never realized tether had such a high volume 🤯

37. USDT serves as the foundation for most exchanges, with nearly every crypto having a trading pair linked to USDT.

38. if USDT collapses then the coin parried with it will directly hit, better to short USDT to escape this loss

39. BUSD was 16 billion marketcap with 8 billion daily volume at its peak, now it’s gone and no one noticed.

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