Tether FUD might give us another welcome opportunity to buy at lower crypto prices again
There are rumors circulating in x.com that when Tether gets delisted in European exchanges it will cause so much volatility in the markets and it will make people convert their USDT to other stable coins such as USDC. I actually did that to my stable coin simply because I have to guard the value of my stable coin because I do not want my stable coin to get volatile.
Rumor has it that USDT will get to end soon or as soon as RLUSD gets widely used as it complies with US regulations and maybe in Europe as well by being transparent as well as having more use case like being used to replace the old traditional money transfer used by banks. So it makes sense to use RLUSD rather than Tether USD which many say that are not transparent enough to be audited hence the delisting of Tether from EU exchanges.
This FUD might cause some volatility in the market and I view it as good because we can only buy cheaper cryptos when prices crashes. So considering that we are in the bull market, it is a welcome gift to get the opportunity to buy cryptos at discounted prices and then wait for the prices to pump again and it will not take too long before another leg-up for BTC to happen and then followed by altcoins or whatever the case maybe.
But of course, only those that have stable coins can buy cheaper cryptos, so if you happen to sell at a relatively high price, then you are the one given the opportunity to buy back in and wash and repeat the process until you are satisfied for what you have accomplished. Anyway, this Tether FUD seems to be interesting and the first time I will be witnessing it to happen, being delisted in EU exchanges might cause some volatility or it might not, so we still have to wait and see. It will happen a few hours at the moment of this writing, specifically at December 30th of 2024.
So due to the law of supply and demand due to a number of USDT holders converting or trading their Tether to other stable coins I will be guessing that the value of Tether will get less than a dollar by maybe a few cents against other stable coins when you trade between the two like USDC to Tether. We might get an advantage over this if we have USDC for example, we will get more USDT with it and then buy cheaper cryptos with a supposedly cheaper or more USDT Tether after we traded the two stable coins. All in all it is a win-win in the end.
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