Tether Losing “Stable” Status. Take down Bitcoin?
Go to this home page:
http://www.pmbull.com/silver-price/
In upper left entry field enter: USTUSDT (tether symbol) then from drop down menu choose first or second entry, it does not matter, just different exchanges.
Tether should always be $1. This is why it is called ‘stable’ coin. Well yesterday evening into this morning it is not that stable any more.
Tether traded close to a low of 60 cents and is now at 92 cents as Bitcoin has been dropping fast as well and playing with crucial support close to $29,000.
MANY people theorize the tether risk could take down Bitcoin hard especially with a general market crash.
Is this a start of a crisis in coin world? Canary in the coal mine?
Good video about the Tether Risk:
Thanks Chuck
Important information
Excellent post
sorry but that is not correct, UST is not Tether. UST is Terra Luna’s stable coin. Tether is not crashing, LUNA and UST are taking a massive dump
What you are showing is a UST/TETHER pair that shows the price of UST in TETHER.