After experiencing its first debut in 2018, the cryptocurrency market is experiencing its biggest challenge since its inception. The precarious situation, Bitcoin suffered global regulatory pressure, the largest monthly decline in three years. The prices of Ethereum, the most important competitor of Bitcoin, also fell sharply. The ripple coin value, another cryptocurrency that has attracted attention, has also fallen sharply, even causing panic among miners.
The front line of war continued and many “comrades” lost their positions on the front line, but the backyard also on fire. It is reported that a large number of USDTs (issued by tether) have been questioned by many parties for whether they have stored a corresponding amount of dollars as security according to the agreement? If tether currency violates the super-issue USDT without the support of USD, the value of USDT will be zero.
More broke the news that after receiving the summons of the US Commodity Futures Trading Commission (CFTC) on December 6 last year, tether not only did not stop, but accelerated the USDT's issuance speed. If the super fate is true, the USDT will lose its credit. Investors will sell the USDT so that the value of its collapse will be zero. This will surely cause many people to lose their money.
Looking at tether's price chart for the past three months, we can see that usdt price has been fluctuating for the past three months and it is very unstable, which makes investors more worried? So how do you think of tether? What do you think about the future of tether? Is it wise to buy tether now?