The Disaster Scenario of Tether Falling Is Back in the Spotlight.

Real ticking time bomb or yet another FUD?

Just two years ago, the cryptocurrency world suffered a monumental earthquake with the bankruptcy of one of the main players in this universe, the FTX platform and its Alameda form of trading. At the time, some feared that Bitcoin and the cryptocurrency world would not recover from this umpteenth earthquake.

As always, Bitcoin has risen even stronger. The cryptocurrency world has moved on, but a purge has occurred. A necessary evil in each of those episodes where speculation went too far due to the shameful behavior of thugs hiding behind their computers.

Sam Bankman-Fried, head of FTX and Alameda, is one of those who abused the trust of gullible, greedy investors.

Today, just as Bitcoin has broken its All-Time high in U.S. Dollar terms following the announcement of Donald Trump's victory in the 2024 U.S. presidential election, another cryptocurrency heavyweight is back in the news, raising fears of the worst.

It's not the first time this has happened, either, since it's safe to say that fears about a possible fall in Tether have been recurring regularly for many years.

For some, Tether could well become the weak link in the cryptocurrency market. Indeed, Tether is a key player in bridging the gap between the dollar and cryptocurrencies. Tether issues a stablecoin, USDT, which acts as liquidity for traders.

USDT is backed by the world's leading currency worth around $1. The value of Tether's USDT is based on confidence in the strength of this link, and in the ability of any holder of these stablecoins to recover dollars.