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RE: Is Tether (USDT) A Sinking Ship?
Worst case - it is a forest fire for Crypto, and better coins will become staples.
Worst case - it is a forest fire for Crypto, and better coins will become staples.
The impending failure of Tether does not insinuate the end of cryptocurrency no matter which way you look at it. The good that would come out of it is that projects that are genuine and transparent will excel.
Tether is basically asking people to “trust” them, but this would be going against the very nature of what cryptocurrencies was meant to do.
Very valid points. Tether is just bump in the road, not the end of it.