The Tether USDT rate fell by 6% against the US dollar, to which it is theoretically pegged at a ratio of 1: 1.
The price of USDT fell to $ 0.92. This happened at the moment when Kucoin announced that it was stopping deposits and withdrawing USDT due to the system maintenance. At the moment, money withdrawals have already been resumed and the price of the beginning of growth.
So what can the Tether crash lead to?
The Tether collapse should definitely lead to BTC increase on the exchanges worldwide. At the same time, the commission for BTC withdrawing to Fiat should increase. Finally, the cryptocurrencies pump will be put an end to by “typing” the new Tether, which are essentially candy wrappers.
Back in the days after the fresh Tether release the market grew strong being fueled by an international PR-campaign. Now the primary euphoria subsided, the regulators began to tighten things up and Tether began to bring negative returns to its owners. New multi-million Tether emissions have stopped moving the market up.