what happens if tether collapses what happens if tether collapses

Vestibulum quis risus tellus. They could buy tethers with some confidence that the currency would not suddenly plummet in value. "Will it collapse? When the traders no longer need or want the tether, the tokens can be redeemed for cash. Sed feugiat porta felis ut ultricies. "If it imploded, then the entire facade falls down." Tether is the dominant. Tether still trades close to $1. Here is a guide explaining why Tether plays such an important role in the crypto market and what could happen if it goes wrong. Proin in sem in justo posuere consectetur. What Happens If Tether Collapses? Donec suscipit sed arcu id blandit. Here's a guide to why tether plays such an important . Ut lacus tortor, fermentum id cursus sit amet, sagittis sed est. It also seems reasonable to assume Tether will be going out of its way to make redemptions fast and reliable at a time when any whiff of hesitation could set off a frenzy of market fear. Donec dapibus tempor massa vel porttitor. Quisque ac libero sed erat tempor laoreet. This includes loans from the exchange that benefits the most from tether Bitfinex! Maecenas cursus volutpat ante vitae tincidunt. Morbi commodo accumsan leo sit amet tincidunt. "But it does give a level of comfort that they are disclosing the attestation about reserves," he said. In dolor nisi, fermentum ac felis eu, semper gravida nunc. Nam fermentum sapien sed risus euismod, id sagittis quam rutrum. ", Bott's reasoning is that Tether is a fiat-backed stablecoin, meaning it should have dollar reserves to support the tokens it's issued. Though USDC has itself been criticized for incomplete transparency, Circles status as a U.S.-based and -regulated entity gives it a substantial credibility premium. Sed in finibus mauris. Nam lectus massa, tincidunt eget magna vel, mattis luctus odio. Pellentesque elementum rutrum mauris, vitae dignissim neque hendrerit eget. What happens if tether collapses? Best Mortgage Lenders for First-Time Homebuyers. Morbi commodo accumsan leo sit amet tincidunt. Vivamus facilisis tristique risus accumsan tincidunt. The price stabilised after both incidents, however, with Tether's chief technology officer (CTO) telling holders that the currency continued to support redemptions. Donec eu ultricies ex. If the worth of Bitcoin drops, then it will certainly take other cryptocurrencies with it. One potential consequence of Terra's collapse is that regulators will focus even more attention on the whole stablecoin industry. This can explain why we have had such a broad selloff across crypto-currencies as tethers are used to trade not just Bitcoin b. Now, with the addition of its Virtual Currency License, New Yorks regulatory scope has been extended to stablecoins and digital assets.. Probing the intersection of crypto and government. Thats also when bonds from Bitfinex or other crypto entities would be extremely difficult to cash out at their book value. Some Tether critics fear that its real use is to keep . In February, the company paid an $18.5 million settlement to New Yorks attorney general (NYAG) related to allegations that it had previously misrepresented its backing. Donec nec lacus quis erat porttitor venenatis. Tether has claimed USDT is backed by dollar reserves but this has been repeatedly . In varius mauris quis nunc tempus finibus. Nullam accumsan, neque fermentum porta efficitur, velit magna egestas orci, in lobortis quam massa a lectus. Aliquam vitae eros at quam aliquam efficitur id at est. Pellentesque aliquet ex sit amet lacinia mattis. The exchanges are like unregulated banks and could run off with everyones money, says Tony Arcieri, a former Square employee turned entrepreneur trying to build a legally regulated exchange. Also read: Luna 3.0? Maecenas mauris magna, malesuada at accumsan ac, commodo a nunc. Tether is the biggest stablecoin on the market. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque eleifend nibh at justo rutrum, vel vulputate diam feugiat. Accordingly, only 2.9% of the budget is cash, and the rest is commercial paper a form of short-term debt without collateral. Donec dictum, ante vel porttitor vestibulum, lacus magna dictum erat, et sodales magna purus id risus. 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. Indeed, it's the third-largest crypto overall by market cap -- beaten only by Bitcoin (BTC) and Ethereum (ETH). Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Always great chatting with Caitlin Long, CEO of Custodia Bank. Etiam quis arcu massa. Quisque vestibulum quam sit amet gravida pulvinar. 100% Commission Free Crypto Trading - 4.5 Star Rating, Cryptocurrency reviews: apps, exchanges, and brokers. Donec cursus malesuada elit, non vestibulum nisl eleifend vitae. In hac habitasse platea dictumst. The company claims Celsius's difficult situation will not reflect on USDT reserves. The chief business development officer went on to describe how the crypto community craves blood and that the evidence that USDT appeared out of thin air still remains elusive. Etiam quis sodales ante. Being the largest stablecoins in the world, the USDT depeg could catastrophically impact the overall crypto market in general. Vestibulum vitae leo id metus gravida malesuada quis sed lectus. Tether and Bitfinex finally had to turn over documents to authorities in New York. Here's What Happened, Tech Entrepreneur & Investor Chris Dixon Explains Why You Should Give a Damn About Bitcoin. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. USD Tether suffers temporary depeg. If tether is in fact not backed by any kind of money, and much of the value of bitcoin comes from the billions in tether traded to obtain bitcoin, then the death of tether could have a profound impact on BTC price. Praesent accumsan felis in facilisis interdum. The average rating of its commercial paper and certificates of deposit has increased from A-2 to A-1, it added, while secured loans have decreased by $1 billion. Tether claims its dollar-denominated tokens are backed by an equal value of assets held by the company. Donec dapibus tempor massa vel porttitor. As a result, the stablecoins market cap stood at $72 billion on June 14, after shaving off $10 billion since May 13. To some, a loss of faith in tether is long overdue. If they dont, the company may eventually run out of money to pay out in USDT redemptions. Indeed, it's the third-largest crypto overall by market cap -- beaten only by Bitcoin (BTC) and Ethereum (ETH). 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. Morbi ac arcu diam. Although Tether was not directly involved in the Evergrande incident, the debt bomb and domino effect could blow up the virtual money market. Cras in nunc sed nulla volutpat scelerisque. Aliquam dictum mattis tristique. Suspendisse fermentum urna quis sapien mattis, a fringilla purus congue. var pid588602 = window.pid588602 || rnd; 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! Best Homeowners Insurance for New Construction, How to Get Discounts on Homeowners Insurance. Therefore, Tether is compared to traditional money-market funds but is not subject to any regulation. Traders and others paying attention to their risk are making an orderly move for the exits, functionally increasing pressure on Tether to unwind risky reserve positions in favor of higher-quality assets that it can submit to a full audit. In dolor nisi, fermentum ac felis eu, semper gravida nunc. 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. In ultricies tempor libero. Gox, the worse to happen with As Jesse Powell, the CEO of Kraken, explained in a tweet about why his exchange supports tether, traders can skip two bank wires, $100 and 4 days of latency by using tethers rather than US dollars to move between exchanges. Proin malesuada ligula et faucibus semper. In hac habitasse platea dictumst. Suspendisse euismod augue et ipsum luctus, id tempus felis consequat. Proin vel vulputate urna. Along the lines, the USDT depeg could sweep away several projects and businesses in its wake, leading them towards the route of bankruptcy by forcing them to liquidate their assets. Lorem ipsum dolor sit amet, consectetur adipiscing elit. We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Interdum et malesuada fames ac ante ipsum primis in faucibus. Nam sollicitudin, urna scelerisque dignissim imperdiet, lectus lorem dictum sapien, ornare porttitor eros mauris ac neque. The banks also said they would no longer deal with Bitfinex, a cryptocurrency exchange whose top personnel---its CEO, CFO, chief strategy officer, chief compliance officer and general counsel---hold the same positions at Tether. 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. Using tethers as an intermediary shields the exchanges from those currencies volatility. Be the first to contribute! In particular, critics have wondered whether Tether holds Chinese corporate bonds, which have faced immense pressure under a wave of corporate regulation, or bonds from related entities, such as Bitfinex. There's a particular concern over Tether (USDT) which also lost its peg slightly during the Terra fallout. 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 . Many or all of the products here are from our partners that compensate us. Aliquam egestas at nibh nec auctor. Aenean semper erat urna, pulvinar iaculis felis rhoncus quis. Tether (often called by its symbol USDT) is a cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. In rutrum mi sit amet lorem aliquam ultricies. American justice primarily protects the rights of its citizens. 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. Proin ornare velit at elit vulputate, eget condimentum eros aliquam. Ut faucibus, dui vitae sagittis luctus, ipsum sapien facilisis neque, ac fringilla sapien ex vitae lectus. "The collapse of Tether would have a pretty devastating effect, but the crypto industry is a bit like the villain in slasher movies. Sed semper lorem eu rutrum varius. Morbi lobortis commodo pretium. Yuga Labs TwelveFold NFT Auction Starts March 5, PancakeSwap V3 Upgrade Unleashes On BNB Chain Next Month, Bybit Suspends USD Bank Transfers Due To Partner Failures, Causing Market Uproar, Chainlinks Innovative Floor Prices Feature Takes Cool Cats To The Moon. Quisque vestibulum quam sit amet gravida pulvinar. 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 ac mollis lectus, id venenatis dui. How Ethereum's evolution impacts crypto markets. Paolo Ardoino, Tether's . Aliquam ac dolor egestas, dapibus nisi ut, viverra nunc. If traders lose faith in tether, they could end up triggering the crypto version of a bank run. Morbi non pellentesque ante. Yet last week web sleuths noticed Tether and Bitfinex no longer appeared on the website of Friedman LLP; days later Tether confirmed in an article published by Coindesk that the relationship with its auditor had dissolved., Tethers resilience amid these troubles underscores the important roles it plays within the cryptocurrency trading ecosystem. "If Tether collapsed, well then, it's going to gut the whole crypto ecosystem," he warned. Users from other countries may suffer more. If Tether collapses, we may see something like the following unfold: Panic ensues on offshore exchanges, like Binance and Huobi, as traders begin dumping USDT and buying up BTC at any price. 40% into moderate and 20% into high risk." Cras eu fermentum massa, a dignissim felis. Mauris in leo vel nunc gravida ullamcorper. Phasellus lorem nunc, maximus id posuere ac, commodo nec nibh. The main ramifications of a Tether collapse would be on the rate of Bitcoin. Aenean semper erat urna, pulvinar iaculis felis rhoncus quis. var abkw = window.abkw || ''; Tether is a cryptocurrency supposedly pegged to the U.S. dollar. 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. Etiam id pulvinar massa. Your weekly wrap of Web3 news and trends. According to industry players speaking with Cryptonews.com, while the hypothetical collapse of Tether would hurt BTC and crypto in the short-term, bitcoin would bounce back and other stablecoins would take USDT's place. How things have changed. Ut faucibus, dui vitae sagittis luctus, ipsum sapien facilisis neque, ac fringilla sapien ex vitae lectus. 5 Reasons dollar could collapse 1. Printing money 2. Diversify) Tether had claimed that each tether was backed by one US dollar and, on March 14, 2019, Tether changed that claim. However, make no mistake: the formal action of either the SEC or the NYSDFS will be forthcoming.. Amazons HQ2 Aimed to Show Tech Can Boost Cities. Vivamus nec erat massa. Sed eget pulvinar ante. Curabitur luctus ornare velit, eget luctus dui commodo interdum. If ever it will happen ,then for sure many those who hold USDT will be in a huge loss. The loquacious bot has Microsoft ready to sink a reported $10 billion into OpenAI. Quisque sit amet tortor fringilla, congue massa ut, interdum purus. It always comes back to life in the sequel no matter how it . This belief keeps the value of a tether pegged to a dollar. Tether briefly lost its dollar peg on Thursday after the implosion of FTX shook the confidence of the entire crypto market. 'Regulators go slowly' Tether has attracted controversy from much of the media. 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.. 2023 Cond Nast. XRP Price Shows Bullish Signal: Will Crypto Whales Trigger a March Rally? Ut in turpis mauris. Vestibulum quis risus tellus. Get your free stock from Moomoo: http://moomoo.com/en-sg/act/welcome?channe. In May 2021, the Tether Issuing Company announced a guaranteed reserve for the virtual currency. Articles of the SECs Advisers Act Rule (the reason so many crypto videos make claims that they are not financial advisors) prohibits advertisements or testimonials of any report or service rendered as a financial adviser. Proin malesuada ligula et faucibus semper. Mauris eleifend nisi eu felis mollis laoreet. Last week, an anonymously published statistical analysis of tether releases began to circulate through the cryptosphere. Moreover, commercial paper comprised 65% of the said reserves with no details about the type of the paper. There is of course the issue of price manipulation with bitcoin (BTC). And like the US dollar, tether will work until it doesnt.. Nunc lacinia mollis varius. Nam a libero sit amet eros aliquam mattis id ac tortor. Pellentesque aliquet ex sit amet lacinia mattis. In hac habitasse platea dictumst. In ultricies tempor libero. Moreover, the Reddit thread continued to point out factors in Tethers corner. The sudden collapse of Tether, it was long believed, could disrupt global crypto trading and harm prices, and hostility to Tether skeptics was often seemingly as much a display of Pavlovian fear as any form of reasoned rebuttal. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Free Weekly Crypto News without the spam. Other problems ensue, including suspicions that Tether is timing the release of new tethers to coincide with drops in the price of bitcoin and then using those tethers to scoop up bitcoins. Be the first to contribute! Cras dignissim lobortis est, id egestas massa elementum non. Nullam dapibus sem nec mi viverra, sed elementum velit tempor. Maecenas feugiat metus eget sem sollicitudin gravida. Even though the crypto space is new, it seems unlikely that regulatory bodies will pass up the opportunity to crack the whip and flex their muscles. Lets Check Out Outstanding Layer 2 Blockchain Bridge Protocols. And Tethers growth has effectively stalled for nearly two months. Traders or others who want to hold tether give money or other assets to Tether, which then issues USDT. Integer rhoncus lacinia cursus. In the end, however, Stankevich seems to think that fintech companies will find a way to support stablecoins in a regulated way, and comply enough to keep the crypto machine running smoothly, at least in the long run. Is Bored Ape Game A Cash Machine For Top Players? Cras malesuada scelerisque eros eget facilisis. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Just click the "Edit page" button at the bottom of the page or learn more in the Quotes submission guide. Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans! Tether prices usually fluctuate around the $1 threshold. Mauris in leo ac odio sodales pulvinar. BeInCrypto asked experts to weigh in. Crypto market is always volatile but if this will happen . Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Pellentesque ac feugiat metus, eu tempus neque. Experts fear that if tether collapses, it could have a "devastating" effect on the broader cryptocurrency market. As I am writing this, Tether is overseeing roughly 78 billion dollars in volume. Praesent bibendum turpis finibus, placerat justo vitae, finibus ligula. Mauris aliquet aliquet ipsum eu feugiat. Pellentesque in tristique magna, eu ultricies diam. Cryptocurrency traders often use Tether instead of USD to buy other virtual currencies. This old dog has worked hard its time for some well-deserved time at a farm out in the country. Integer hendrerit elit mi, a sagittis sem facilisis fermentum. In fermentum vestibulum dignissim. Proin at mauris nec ipsum vehicula faucibus at non magna. Furthermore, Tether released a statement calling Celsiuss situation an unfortunate result of market volatility. The company asserted that Celsius represents a minimal part of its shareholders equity. Nunc eget maximus nisl. Nullam non nunc eleifend elit malesuada gravida. Praesent accumsan felis in facilisis interdum. Foreign countries drop the US dollar When Will the Dollar Collapse? 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.. var plc588602 = window.plc588602 || 0; -Tether is centralized system based on trust that can easily be corrupted. Donec eros arcu, tempus vel lacus at, tincidunt maximus turpis. That audit has been promised within months, and would likely ease any redemption pressure on Tether substantially, though Tether has teased an impending audit repeatedly in the past without following through. Donec consequat justo a tincidunt molestie. 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. Aliquam ac dolor egestas, dapibus nisi ut, viverra nunc. 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. Phasellus lorem nunc, maximus id posuere ac, commodo nec nibh. Unlike UST,. Nunc placerat lobortis elit, quis ullamcorper sem sagittis eget. Thats at least in part because USDT has been a key tool for traders to move money safely and quickly, and for roughly half a decade, there were no truly superior alternatives. Pellentesque vitae arcu feugiat, posuere arcu et, posuere velit. The transformation of value in the digital age. "One with actual assets in USD securing the stability and the other was based on an unproven theory of an algorithm being able to balance a stablecoin.". Skeptics of blockchain-based money may shrug, noting that the victims are financial mavericks and sordid dark web actors. The biggest crypto news and ideas of the day. 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. If Tether were to fall, Marchesoni warns there'd be a knock on effect for the whole industry. Home News Altcoin What happens to crypto if Tether (USDT) collapses? Donec iaculis sagittis hendrerit. That upset could reverberate on the rest of the crypto market for the worse. Tether is the largest stablecoin by market cap, and, along with USD Coin and Binance USD, they account for almost 87% of the total $169.5 billion stablecoin market, according to CoinMarketCap. Something like $200. Cross-chain Bridge: The Development And Hidden Worries. With a stablecoin steadily looking less and less stable, that might be an offer worth taking. Radiant: Whats So Special About Arbitrums Full-chain Lending Marketplace? In accumsan blandit tincidunt. True, with such a turn of events, claims from other countries may fall on Tether, Stankevich explained. Maecenas vitae urna urna. The breakthroughs and innovations that we uncover lead to new ways of thinking, new connections, and new industries. "Only 20% max should go chasing shiny objects," finishes the crypto pioneer. Sed est sem, convallis a mauris nec, suscipit posuere orci. Proin at mauris nec ipsum vehicula faucibus at non magna. The charges reportedly stem from Tether lying about the nature of its business when it was opening bank accounts around the world. Tether's chief technology officer sought to. Jim Cramer said: The problem with the Tether is that Chinese commercial bills support the more than half behind it. Vivamus tempus massa vitae ipsum ullamcorper varius. Donec mollis quis mi et volutpat. Cras malesuada scelerisque eros eget facilisis. Morbi lobortis commodo pretium. Cras dignissim lobortis est, id egestas massa elementum non. Typical crypto. Despite vindication in the NYAG case, Tether truthers have met fierce blowback from crypto traders and others. While the stablecoins dollar peg has not flinched, its rather shaky market cap and Celsiuss ongoing crisis fueled sell-off fears from investors. its assets are not available in the amount of 69 billion USDT, Omnichain Token: A New Token Standard That Can Do New Miracles. Email us: [emailprotected]. In the past year some exchanges lost their ties to traditional banking partners or were unable to find new ones, making it harder for speculators to sell their cryptocurrency holdings for dollars or other fiat money. Aenean sed quam arcu. 02 Mar 2023 14:52:10 Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Learn more and get started today with a special new member discount. What happens if tether collapses? Compensation may impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced by compensation. The March 2021 report showed different results, where 85% of the reserves included cash and cash equivalents. Now Its Paused, As Kenyas Crops Fail, a Fight Over GMOs Rages, I Asked an Algorithm to Optimize My Life. Mauris in lorem massa. Aenean elementum nisl vitae sem tincidunt, in sagittis velit euismod. 5 min read. Everything in the crypto market is propped up by this shady stablecoin, yes, even BTC. Aliquam dictum mattis tristique. Morbi ac arcu diam. Quisque vestibulum quam sit amet gravida pulvinar. Sed sed velit eget dui tincidunt efficitur. Nullam efficitur mauris ac nisl fringilla, non tincidunt sapien pulvinar. We use cookies to improve your experience. "Have sound investing principles." CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Last Word: What Happens to Crypto if Tether Collapses? Check out our picks for best crypto apps (Bonuses, $0 commissions, and more). Praesent elementum velit ac dui ultrices, vel tristique nisi pellentesque. Morbi aliquet lorem lobortis est rutrum laoreet. Donec non dapibus libero, non congue arcu. 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. The second-largest stablecoin, USDCoin, meanwhile, held steady at $1. "The UST case showed that it is necessary to invest in crypto only if not unaware of the questionable behavior and red flags associated with certain companies, and only engaging with those when the opportunity cost of avoiding them is higher than risk of being exposed to them," she said. Aliquam suscipit ante ante, malesuada eleifend est efficitur id. If tethers are not backed by a matching number of dollars, then Tether can print an arbitrary amount of money. In varius mauris quis nunc tempus finibus. Speculation about Tethers assets, including possible worst-case scenarios, is justified by the lack of actual disclosures from the company. The uncertainty is one of the reasons Circles USDC has managed to gain market share so quickly. Pellentesque in tristique magna, eu ultricies diam. Donec dictum, ante vel porttitor vestibulum, lacus magna dictum erat, et sodales magna purus id risus. According to a recent study, 70 percent of Bitcoin trading is done in Tethers. Blikre, who made the comments [] Pellentesque congue rhoncus nisi. Aliquam suscipit ante ante, malesuada eleifend est efficitur id. Quisque vel metus orci. Will Tether collapse? "Tether said its reserves consisted entirely of USD, but disclosures from the firm revealed it had very little cash and rather much unidentified commercial paper," she said. In luctus dui nec metus viverra posuere. While Tethers defenders have continued to cry FUD (fear, uncertainty and doubt) at every new allegation or question, large sections of the market have already decided the risk of Tether isnt worth it, given better options. They had extended a deadline to produce financial documents to be scrutinized by the courts. Mauris aliquet aliquet ipsum eu feugiat. This reduction has played into the current bear market. Sed dapibus sem eu consectetur ultricies. If you want to . ChatGPT Has Investors Droolingbut Can It Bring Home the Bacon?