Assalamu Alaikum
How are you? By Allah's grace, I'm doing very well. Today we will discuss USDT. Everyone is in tension that what will happen to USDT? Will USDT end or not? Today is December 31, many thought that USDT will be delisted from various exchange sites on December 30. But now there is good news for the market as well as for USDT.
If we look at the USDT update, we will see that USDT Remains Available on Regulated Exchanges Despite Rumors. That is, USDT is still available on every Regulated Exchange. That means the news that was spread yesterday was fake. The news was that the European Union will delist USDT on the 30th. That is, the news was spread here for a panic, but still USDT is still available on every Regulated Exchange. This is very positive for the market.
Another good news is that USDT has bought about 7629 Bitcoins in their reserve fund. That is, on the one hand, negative news about USDT is being spread, on the other hand, USDT is constantly increasing its reserves. The European Union had spread a news about USDT, which has not yet been implemented. From the day Binance makes it effective, we have to understand that USDT is over. However, an interesting thing here is that we know that future trading is done through USDT on every exchange site. Future trading is the main income of various exchange sites. Now if they close USDT, various exchange sites will not be able to take profit. Due to which they confuse the market at different times. In that case, various exchange sites will not be able to delist USDT even if they want to because a large amount of USDT fund is used here. Besides, most of the spot pairs are USDT, USDT is required to buy any coin. There is nothing like USDT disappearing from the market so easily. Finally, I will say one thing: the crypto market is completely decentralized, no person, institution or country can intervene here. USDT will remain in the market as long as the owner of USDT keeps this coin in the market.
And since the owner of USDT is getting a large amount of benefit from USDT, it will be in the market for life and will be on every exchange site including Binance. Everyone can back up in USDT, there is no negative news yet. Many can FD USDT, it is available in Binance. Stay away from fake news in the market and take action at your own risk.
Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.
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Upvoted! Thank you for supporting witness @jswit.
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It is a great post of Stay away from USDT rumor news.
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The checking of facts is very important weather it is good news or bad news. Thanks for sharing.
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