The commercial paper is unsecured debt. What tether do is they print usdt, lend it to a shell company and use the debt owed from the usdt to back that same usdt they just lent... self feeding loop backed by itself. It’ll collapse eventually
@scooby7877
2 жыл бұрын
unsecured debt if the companies that they earn interest on goes bankrupt, but its still one of the safest investments for the reason that commercial paper can be turned into liquid easily. The only time in history commercial paper was not a safe investment was the 2009 housing crash and everything wasn't a safe investment then pretty much lol
@troyortiz5397
Жыл бұрын
Some people appear to misinterpret these attacks and are concerned that they will affect them. Tether has it under control at all times, and protecting their users is a top priority.
@joeyanon2607
2 жыл бұрын
That commercial paper backing it is Evergrande the now about to default Chinese real estate property developer. Good luck to whoever gets rug pulled soon.
@martinrichardson6742
Жыл бұрын
If people actually did their research, they would know that USDT crashing is so far fetched and would never happen.
@patrickheath6386
2 жыл бұрын
I've heard this many times before. However, Tether is still stable. You're just raising a panic.
@tonyjimmy7144
2 жыл бұрын
hi
@kailenpiardi2721
2 жыл бұрын
Explain why tether was not backed 27% of the days between 2016 and 2018
@nightsinorebro2741
2 жыл бұрын
Watch out
@Habesh778
2 жыл бұрын
Not anymore
@greglarson4253
2 жыл бұрын
This comment did not age well
@bombikonar6989
2 жыл бұрын
It is much more convenient to use such applications and websites to buy Tether!
@dnevinski6409
3 жыл бұрын
if it wasn't for tether cryptos wouldnt pump at this lvl...so yea, manipulation tool
@-Cubido
3 жыл бұрын
for the record Tether USDT is under fire in a lawsuit which can be won be Tether since it was attacked for the use of assets as value. The attacker is implying a stabelcoin to be built on solid grounds instead of speculative assets. But gold can be seen as a speculative asset so the case is already won in my opinion.
@IslamicRecords01
2 жыл бұрын
Shiba inu coin ?
@kyleburton2335
3 жыл бұрын
Your awesome! That was on point! Looking into it.
@Ken-nv2hl
3 жыл бұрын
Tether stop minting coins since June 10th which will cause bitcoin to go lower as more people will get out of the market. When bitcoin hits $18k the whole system will collapse because exchanges won't have enough liquidity as it is very difficult to convert USDT back into USD because tether doesn't have cash on hand thereby decimating the value of bitcoin, or in some cases being worthless if you keep the currency in an exchange and undergo voluntary administration aka bankruptcy.
@therealvonfrmdaville
3 жыл бұрын
Explain more?
@veer4110
2 жыл бұрын
no changes, it just keep going up
@Ken-nv2hl
2 жыл бұрын
@@veer4110 Yeah because they starting minting coins again....
@aprilchester1741
2 жыл бұрын
You need to be careful in the crypto industry at all times. But if you look at other stable coins, you will understand that usdt is backed by usd to a greater extent than other stable coins.
@roryivey
Жыл бұрын
not more than usdc
@technoworld4832
2 жыл бұрын
Soo what you trying to say..you think we all are stupid like you to not to believe you are sponsored by some other stable coin…?? And how you think commercial banks make money?? You saying they keep all the deposits at their bank counter to pay out when all the depositors come ask for money…nice try genius
@scooby7877
2 жыл бұрын
You do realize that commercial paper is one of the safest investments, it’s a cash equivalent because it can be turned into liquid easily
@baconatorrodriguez4651
2 жыл бұрын
Lol, Paxos shill, nice ad
@daman2408
2 жыл бұрын
You lost me as soon as you brought up Jim Cramer
@kellybennet2219
2 жыл бұрын
No problem with tether.
@brandonrusk
2 жыл бұрын
Lol
@haruhisuzumiya6650
2 жыл бұрын
It's all quicksand
@alexsardina6022
3 жыл бұрын
Where do you get all these facts about Tether? Do their competitors throw these facts at you? What makes you think that Tether has no cash on hand?
@namunyaknkurrunah5749
2 жыл бұрын
They clearly didn't have any....lost 1.5M overnight (ust+luna) and 😭😭😭😭😭
@elvismaccari5614
3 жыл бұрын
Bro I can’t buy xrp,xlm,xdc,hbar,agix,tether I’m poor AF I can buy just 2 or 3
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