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

flipflop

flipflop

Member
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
 
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
 
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)
 
CryptoDada said:
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)
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so even if tether is legit, if dollar tanks then usdt tanks with it?
 
Major said:
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.
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@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
 
Trump_Coiner said:
@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
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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
 
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
 
Fjodor said:
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
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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?
 
you europeans just mad because america first policy means you actually have to pay for your own defense instead of freeloading off us military for 80 years maybe if you spent less on social programs and more on nato you wouldn't be so worried
 
Trump_Coiner said:
you europeans just mad because america first policy means you actually have to pay for your own defense instead of freeloading off us military for 80 years maybe if you spent less on social programs and more on nato you wouldn't be so worried
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We've heard this argument since the Cold War. Difference now is you've got a president actively undermining NATO while also demanding more money. Can't have it both ways
And yes, this absolutely affects dollar confidence. When your main geopolitical tool is military alliances and you keep threatening to abandon them, why would anyone hold your currency?
 
Looking at de-dollarization we already see:
  • BRICS nations reducing dollar reserves (down 8% since 2022)
  • China/Russia trading in yuan/rubles for oil
  • Saudi Arabia discussing non-dollar oil sales
  • EU and other allies concerns around US policies
This isn't conspiracy theory. Dollar share of global reserves dropped from 72% (2000) to 58% (2024)
 
flipflop said:
@Btcalysis fuck this is what worries me. if dollar is slowly dying should i even hold usdt at all?
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"Slowly" is key word. This is decade+ trend, not imminent collapse. But yeah, keeping large amounts in USDT long-term probably not smart regardless of dollar concerns. Either convert to harder asset (BTC) or use it for what it's meant for - temporary store for trading
 
USDC is more transparent than USDT. Circle actually publishes proper audited reserves monthly. Still dollar-pegged so doesn't solve that risk, but at least backing is verifiable
 
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