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File: 42 KB, 1513x570, tether rugpulling.png [View same] [iqdb] [saucenao] [google]
49522503 No.49522503 [Reply] [Original]

USDT at $0.98.
Why isn't there any bread talking about USDT currently going the Terra way?

>> No.49522544
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49522544

Also what's up with the volume going massively up right before? Is this an attack? Ifinex cashing out?
What's up with these shenanigans frens...

>> No.49522561

>>49522503
mostly because it isn't.

>> No.49522582
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49522582

>>49522503
Will USDC become successor? Like replace it on KuCoin and shit as the stablecoin pairing if USDT goes tits-up?

>> No.49522593

>>49522561
Ok shlomo, perfectly normal to have your stablecoin at 0.98.

>> No.49522651

>>49522582
>Will USDC become successor?
No successor needed. If USDT collapse, it's over for every shitcoin forever. The total MC will go below 0.2T within a month.

>> No.49522691
File: 5 KB, 487x423, a301c7c6ff5ac0371dfda683ddba4c3a67e3fee74b1fcf5fd720199932f6d139.jpg [View same] [iqdb] [saucenao] [google]
49522691

And BUSD is currently at 1.03 lmao.
Idk which one is worse seriously...
WTF IS GOING ON????

>> No.49522695

>>49522593
i said it isn't because the stablecoin known as USDT is not trading at 0.98 US dollars at this time

>> No.49522726

>>49522695
It is though. No matter how much you try to deny reality.

>> No.49522782
File: 136 KB, 1760x792, Screen Shot 2022-06-10 at 8.41.18 PM.png [View same] [iqdb] [saucenao] [google]
49522782

>>49522726
k

>> No.49522798

>>49522503
let me explain real quick you retarded newfag.
tether mints/burns a gorillion coins on demand to keep the price stable.
Whatever you think is happening is not, I guarantee it.

>> No.49523163

>>49522503
terra and usdt arent the same thing
ust was an algorithmic stablecoin and when ust lost its peg the algorithm entered a death spiral of printing more luna to restore the ust peg but the rate at which luna was dumping was too much to restore the peg

if usdt were to rug it wouldn't be for the same reason ust did

>> No.49523262

>>49522503
this bit stopped being funny a while ago