TETHER'S DOWNFALL WOULD BE RUTHLESS FOR CRYPTOCURRENCIES

FUD—fear, uncertainty and doubt

“Nothing is generating more FUD right now than an unusual currency called TETHER.”

If traders lose confidence in tether, they could end up prompting the crypto version of a bank run. Tether helps stabilize cryptocurrency exchanges in various ways, so its collapse could also cause some exchanges to fall, wiping out billions of dollars of investments overnight and potentially undoing much of the public’s growing interest in new technologies like bitcoin.

If Tether has sufficient dollar reserves these observations don’t necessarily spell big trouble. That’s why many viewers are insisting to see an audit. Yet last week investigators noticed Tether and Bitfinex no longer appeared on the website of Friedman LLP ; days later Tether confirmed in an article published by Coindesk that the relationship with its auditor had “dissolved.”

https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/

Tether still trades close to $1. But if traders lose confidence in it and its value starts to drop, “people will run for the door”

To some, a loss of faith in tether is long overdue, Traders should find safe haven and get into strong projects or get your money to safety. DYOR before any kind of investment…

source-
https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/