MultiversX Tracker is Live!

Is USDT safe after what happened to UST?

All Cryptocurrencies

by COINS NEWS 129 Views

So unfortunately I had some UST and since I'm not really a crypto expert, I just couldn't foresee that it's possible that a "stable coin" loses 40% of its value or vanishes into thin air.

So this morning I woke up, saw that UST has collapsed (even touched $0.68!) and decided to convert my UST to USDT ($0.9 per UST).

Now I'm just wondering should I convert it to good old cash? is it possible that such a thing happens to USDT too? I mean this whole ecosystem is so volatile and fucked up to be honest.

submitted by /u/fiveMop
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments