is usdt actualy safe or will dollar collapse take it down with it??

[flipflop]

won 8k gamblin over past few months, all sitting in usdt right now. been reading about tether potentially not having full backing and also all this stuff about dollar losing reserve status
should i convert to btc or am i overthinking? 8k is kinda lot of money for me at lewast
as for me especially funny that i picked usdt specially to avoid that kind of stress but don't want to wake up and its worth shit

 

[root777]

USDT backing has been questionable for years. They claim 1:1 backing but their "audits" are attestations, not proper audits. Means third party just confirms numbers Tether shows them, doesn't verify actual reserves.
That said, USDT has survived multiple FUD cycles since 2017. Hasn't depegged significantly yet so yeah you're overreactin especially that btc has much higher volatility and actualy more dependant

 

[btcinfo891]

Current Tether reserves breakdown (according to their latest attestation):

• ~85% cash and cash equivalents
• ~5% corporate bonds
• ~4% secured loans
• ~3% precious metals
• Rest in crypto/other

Problem is "cash equivalents" includes commercial paper which could be risky if there's a run

 

[CryptoDada]

The dollar collapse angle is separate from Tether backing concerns. USDT is pegged to USD. If USD loses value globally, USDT loses value at same rate. But that's different from Tether itself being unbacked.
I "d name two main risks there 1st Tether doesn't have reserves (implosion) and 2nd $ devalues (gradual decline)

 

[flipflop]

The dollar collapse angle is separate from Tether backing concerns. USDT is pegged to USD. If USD loses value globally, USDT loses value at same rate. But that's different from Tether itself being unbacked.
I "d name two main risks there 1st Tether doesn't have reserves (implosion) and 2nd $ devalues (gradual decline)

so even if tether is legit, if dollar tanks then usdt tanks with it?

 

[Major]

so even if tether is legit, if dollar tanks then usdt tanks with it?

Correct. USDT tracks USD value. If USD loses 20% purchasing power, so does your USDT. And frankly, with current US policy trajectory - massive deficit spending, weaponizing dollar for sanctions, antagonizing trade partners - dollar dominance is genuinely at risk for first time since WW2.

 

[Trump_Coiner]

Correct. USDT tracks USD value. If USD loses 20% purchasing power, so does your USDT. And frankly, with current US policy trajectory - massive deficit spending, weaponizing dollar for sanctions, antagonizing trade partners - dollar dominance is genuinely at risk for first time since WW2.

@Major lmao more dollar collapse doomer posting. usd is strongest its ever been trump policies push america on top again other countries wish they had our economy

 

[Fjodor]

@Major lmao more dollar collapse doomer posting. usd is strongest its ever been trump policies push america on top again other countries wish they had our economy

strongest its ever been?? us is 36 trillion in debt, running 2 trillion annual deficits, tariff wars pissing off every trade partner, nato allies openly discussing reducing dollar reserves
but sure keep pretending american empire isn't in terminal decline kido

 

[goldkingcoiner]

watching crypto degenerates who cant spell "audit" correctly debate macroeconomics and geopolitics is fucking hilarious. yes please tell me more about dollar reserve status while ur holding gambling winnings in a maybe-backed stablecoin

 

[conker]

strongest its ever been?? us is 36 trillion in debt, running 2 trillion annual deficits, tariff wars pissing off every trade partner, nato allies openly discussing reducing dollar reserves
but sure keep pretending american empire isn't in terminal decline kido

don't be too dramatic pal ) id say from UK perspective we're watching US reliability as an ally evaporate in real time so naturally hard to want dollar reserves when US might sanction you on a whim or abandon NATO commitments right?